On Running shoes at On’s headquarters in in Zurich, Switzerland. CNBC On sales rose 32% in the Swiss sportswear company’s second quarter, leading it to raise its full-year revenue guidance even as it contends with new tariffs on imports from Vietnam. The buzzy sneaker brand, which has been credited with taking market share from Nike,…
Artificial intelligence startup Perplexity AI has made an unsolicited $34.5 billion bid for Google’s Chrome browser, CNBC confirmed on Tuesday. That figure is higher than Perplexity’s current valuation, but the company said several investors have agreed to back the deal. In July, Perplexity was valued at $18 billion as part of an extension that valued…
Spencer Platt | Getty Images Inflation held steady in July as price declines for staples like groceries and gasoline helped offset price increases for consumers. However, there were worrying signs under the surface, including evidence that Trump administration policies are stoking inflation for certain goods and services, economists said. Those effects will likely become more…
U.S. President Donald Trump speaks next to Federal Reserve Chair Jerome Powell during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C., U.S., July 24, 2025. Kent Nishimura | Reuters President Donald Trump on Tuesday threatened to allow a “major lawsuit” against Federal Reserve Chairman Jerome Powell to…
Dario Amodei, co-founder and CEO of artificial intelligence startup Anthropic. Chesnot | Getty Images Anthropic on Tuesday announced it will offer Claude for Enterprise and Claude for Government to all three branches of the U.S. government for $1 per agency for a year. It’s the latest example of how major artificial intelligence companies have been looking…
In its first fiscal quarter since President Donald Trump’s tariffs were announced, cosmetics company E.l.f. Beauty reported a 30% decline in net income, causing its shares to fall nearly 11% the day after its earnings report. E.l.f. is sourcing 75% of its products from China. Yet the company’s CEO, Tarang Amin, said he’s focused on E.l.f.’s…
A banner for Circle Internet Group, the issuer of one of the world’s biggest stablecoins, hangs on the front of the New York Stock Exchange (NYSE) to celebrate the company’s IPO in New York City, U.S., June 5, 2025. Brendan McDermid | Reuters Circle Internet Group shares jumped Tuesday after reporting its first quarterly earnings…
Nvidia CEO Jensen Huang, right, speaks alongside President Donald Trump about investing in America, at the White House in Washington, on April 30, 2025. Jim Watson | AFP | Getty Images U.S. President Donald Trump has signaled that he’d be open to allowing Nvidia to sell a downgraded version of its most advanced artificial intelligence…
Spanish Prime Minister Pedro Sanchez gives a press conference after a meeting with King Felipe VI at the Marivent Palace, on July 29, 2025, in Palma de Mallorca, Balearic Islands, Spain. Europa Press News | Europa Press | Getty Images Spain’s somewhat unique approach to defense and foreign policy is fueling tensions with the Trump…
US President Donald Trump and Ukraine’s President Volodymyr Zelenskyy meet in the Oval Office of the White House in Washington, DC, Feb. 28, 2025. Saul Loeb | AFP | Getty Images Sidelined from forthcoming talks between Russian President Vladimir Putin and U.S. President Donald Trump to negotiate an end to the war, Ukraine has warned…
