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Tag Archives: CNBC
Fintech Ripple gets $40 billion valuation after $500 million funding
Ripple has pushed into other lines of business including custody of crypto assets, prime brokerage and corporate treasury management.
How Chinese EV makers are winning in Brazil
China automakers have turned to emerging markets like Brazil to offload their massive supply. Brands including BYD now make up over 80% of EV sales in Brazil.
Lyft, United Airlines launch loyalty program months after Delta partnership ends
Earlier this year, Lyft dissolved its eight-year partnership with Delta Airlines and brought its loyalty program to ride-hailing competitor Uber.
Election results, McDonald’s earnings, AI valuation fears and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
Amazon upheaval: With morale shaken, Jassy looks for next big play after mass layoffs
Amazon CEO Andy Jassy has been overhauling the company’s corporate culture in recent years, and went even further last week, announcing 14,000 layoffs.
Armis raises $435 million, valuing cybersecurity startup at $6.1 billion
The cybersecurity startup reaches a $6.1 billion valuation three months after topping $300 million in annual recurring revenues.
Chinese EV maker Xpeng to launch robotaxis, humanoid robots with self-developed AI chips
Chinese electric car company Xpeng is following in Tesla’s footsteps by moving into robotaxis and humanoid robots.
Toyota raises yearly profit forecast despite an expected $9 billion hit from U.S. tariffs
Toyota Motor missed operating profit estimates for the quarter ended September as the Japanese auto giant bears the brunt of U.S. tariffs.
Nvidia deepens India footprint with $2 billion deep tech alliance to mentor AI startups
Nvidia will help train and mentor emerging deep tech startups in India as a founding member of a $2 billion investment alliance.
Wall Street is too fixated on the high valuations of tech and speculative stocks, Cramer says
CNBC’s Jim Cramer examined Tuesday’s market action.