Tag Archives: CNBC

MicroStrategy copycats are getting out of control as Canadian vape company joins fray

The crypto market’s bullishness may be tipping into speculative frenzy, if the latest MicroStrategy-style copycat is any indication.

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Trump Organization says Amazon, Walmart, eBay sellers are hawking knockoff shirts, hats, mugs

The Trump Organization said several unnamed businesses sold counterfeit coffee mugs, hats and other goods bearing its trademarks.

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Firefly Aerospace sets IPO range that would value rocket maker at $5.5 billion

Firefly Aerospace has said it expects to price shares in its upcoming IPO $35 to $39 a piece, a deal that would value the rocket maker at about $5.5 billion.

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Figma raises IPO range to $30-$32 per share, in deal that could value company at nearly $19 billion

The new valuation is still below what Adobe offered to pay to buy Figma in 2022.

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Huawei reclaims No. 1 smartphone spot in China — and Apple returns to growth

Apple shipped 10.1 million smartphones in the quarter in China, up 4% year on year, Canalys data showed.

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Alibaba to launch AI-powered glasses creating a Chinese rival to Meta

Alibaba’s Quark AI Glasses will be powered by Alibaba’s Qwen large language model and its advanced AI assistant called Quark.

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Samsung Electronics signs $16.5 billion chip-supply contract; shares rise

Samsung Electronics shares opened 3.5% higher after the company disclosed a $16.5 billion contract to supply semiconductors to a major global corporation.

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Tesla investors are growing wary of Elon Musk’s futuristic promises

Tesla shares plummeted as CEO Elon Musk’s promises for robotaxis failed to excite investors following another disappointing earnings report.

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Tesla plans ‘friends and family’ car service in California, regulator says

Tesla is trying to expand its robotaxi service, which so far is only being tested in Austin, Texas, to additional markets.

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Mark Zuckerberg names ex-OpenAI employee chief scientist of new Meta AI lab

Shengjia Zhao will work directly with Zuckerberg and Alexandr Wang, the former CEO of Scale AI and now Meta’s chief AI officer.

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