Tag Archives: CNBC

HPE shares pop after activist Elliott Management takes $1.5 billion stake

Hewlett Packard Enterprise shares jumped after Elliott Investment Management took a more than $1.5 billion stake in the server maker

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U.S.’ inability to replace rare earths supply from China poses a threat to its defense, warns CSIS

As China imposes rare earths export controls, the U.S. is unable to make up the shortfall, according to the Center for Strategic and International Studies.

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Bunq, a neobank for ‘digital nomads,’ accelerates U.S. expansion effort as profit jumps 65%

Dutch digital bank Bunq said Tuesday that it’s applied for a broker-dealer license, in an initial step toward securing a full banking license.

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U.S. announces probe into chip, electronics imports, paving the way for new tariffs

The U.S. Commerce Department is conducting an investigation into imports of various semiconductor technologies and electronics, a federal notice shows.

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Adobe takes stake in Synthesia, startup behind AI clones for corporate videos

Synthesia told CNBC that Adobe’s venture capital arm injected an undisclosed amount of funds into the firm in a “strategic” partnership.

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South Korea announces over $23 billion for chip sector as Trump tariffs on semiconductor imports loom

The 33 billion won figure was about a quarter more than the 26 trillion committed last year.

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Online trading platform Webull soars 375% in second day on market after SPAC merger

Webull, which competes with Robinhood, has racked up 23 million users, including some who signed up after receiving stimulus checks.

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Apple regains $3 trillion market cap after Trump exempts tariffs on iPhones

President Donald Trump said on Monday that “he helped Tim Cook,” after his administration late Friday exempted tariffs on phones.

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Meta resorted to ‘buy-or-bury scheme’ with Instagram and WhatsApp deals, former FTC Chair Lina Khan says

Former FTC Chair Lina Khan said Monday that Facebook’s acquisitions of Instagram and WhatsApp drastically changed the social networking ecosystem.

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Sony raises PlayStation 5 prices in Europe citing ‘challenging’ economic environment

Sony said it has made the “tough decision” to raise prices against the “backdrop of a challenging economic environment.”

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