Meta CEO, Mark Zuckerberg and Tesla and SpaceX CEO, Elon Musk Manuel Orbegozo | Chip Somodevilla | Reuters When SpaceX finally debuts on the Nasdaq, under the ticker symbol SPCX, it will almost certainly set a record for the largest offering ever. By a long shot. Elon Musk’s reusable rocket maker filed its long-awaited IPO…
Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of “Inside India“ — your one-stop destination for stories and developments from the world’s fastest-growing large economy. As global capital races toward America on AI boom and industrial revival, India’s once-compelling investment story is facing uncomfortable questions. This week, I unpack how…
Mayor Zohran Mamdani, left, and Amazon founder Jeff Bezos. Getty Images (L) | CNBC (R) New York City Mayor Zohran Mamdani fired back on Wednesday at Jeff Bezos after the Amazon founder and executive chairman questioned whether raising taxes on billionaires would do anything to help working-class New Yorkers. “You could double the taxes I pay, and it’s…
Containers at a shipping terminal in Yokohama, Japan on Oct. 18, 2021. Japan’s trade deficit surged in September as imports overwhelmed export growth. Kiyoshi Ota | Bloomberg | Getty Images Japan’s exports climbed 14.8% in April, the fastest pace since January and solidly beating expectations on a surge in semiconductor shipments. The figure was sharply…
CANADA – 2025/08/07: In this photo illustration, the SoftBank Group (Soft Bank) logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Shares of SoftBank Group jumped on Thursday as blockbuster earnings from Nvidia overnight signal strong momentum in the artificial…
President Donald Trump speaks to members of the media as he arrives at Joint Base Andrews in Maryland, May 20, 2026. Evelyn Hockstein | Reuters Congress will have the best chance in the courts to block a controversial $1.8 billion “lawfare” compensation fund set up by the Department of Justice to settle a lawsuit by…
CNBC’s Jim Cramer said that semiconductor stocks have become the market’s new center of gravity because they are the drivers of the artificial intelligence boom. “It’s a new era,” the “Mad Money” host said. “Semis are now in charge. Software is taking a back seat.” The comments came after Nvidia reported quarterly earnings Wednesday evening…
Two police officers who defended the U.S. Capitol during the Jan. 6, 2021, riot sued President Donald Trump on Wednesday, seeking to block the new $1.8 billion “lawfare” fund set up by the Department of Justice to compensate Trump allies who claim they were victims of prosecutorial overreach. “In the most brazen act of presidential…
E.l.f. Beauty is planning to walk back some of the tariff-fueled price increases it implemented less than a year ago after the retailer has seen a slide in demand that’s ramped up in recent months as consumers contend with higher gas prices. “Whenever you take a price increase that’s that big, you’re going to see…
Ultrabillionaire Jeff Bezos on Wednesday hyped artificial intelligence, blamed government meddling for economic woes and broadly defended himself and his mega-rich peers in an exclusive interview with CNBC. But the Amazon and Blue Origin founder, in a wide-ranging interview with Andrew Ross Sorkin, initially struck a populist tone, at times sounding more like some progressive…
