Elon Musk announced his new company xAI, which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty Images Elon Musk‘s artificial intelligence company xAI has raised $15 billion from investors, sources familiar with the matter told CNBC’s David Faber. Musk later called the report “False”…
Omar Marques | Lightrocket | Getty Images With ski season approaching, Uber wants to take you to the slopes. The ride-hailing company on Thursday announced Uber Ski, which will allow users to book a ride to and from nearly 40 mountains in the U.S., Canada, Switzerland and France, according to a release. The services is…
Row of single-family detached houses in Alexandria, Virginia. Grace Cary | Moment | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors…
Kilts and sporrans of Clan Wallace, part of the Lonach Highlanders, marching on the Road to the Lonach Gathering and Highland Games at Strathdon in Scotland. Gannet77 | Istock | Getty Images The Scottish government announced plans on Thursday to issue its first sovereign bonds in 2026/27, as it looks to raise funds for infrastructure…
Disney reported fiscal fourth-quarter earnings on Thursday that topped analyst expectations for earnings but missed on revenue as the company’s entertainment business was weighed down by its TV networks and a lackluster theatrical film slate. Disney stock fell more than 3% in premarket trading. Here is what Disney reported for the period ended Sept. 27,…
Workers picket in front of a Starbucks outlet in New York City, U.S., Oct. 1, 2025. Brendan McDermid | Reuters Starbucks Workers United launched an open-ended strike in at least 40 cities Thursday on Red Cup Day, one of the chain’s biggest sales days of the year. The protest, which the union says involves more than…
Mug shot of Eric Gillespie, Govini Founder and Chairman. Courtesy: Pennsylvania Attorney General The founder of Virginia-based defense startup Govini was arrested on charges of attempting to solicit a pre-teen girl for sexual contact in Pennsylvania, authorities said Monday. The founder, Eric Gillespie, 57, was charged with four felonies, including multiple counts of unlawful contact…
Tencent on Thursday posted 15% year-on-year revenue growth, with AI boosting the Chinese tech giant’s performance in advertising targeting and gaming. Here’s how Tencent performed in the third quarter of 2025, per earnings released on Thursday: Revenue: 192.9 billion Chinese yuan ($27.12 billion), surpassing the 189.2 billion Chinese yuan expected analysts, according to data compiled by…
Lisa Cook, governor of the US Federal Reserve, at The Brookings Institute in Washington, DC, US, on Monday, Nov. 3, 2025. Aaron Schwartz | Bloomberg | Getty Images The Supreme Court said Wednesday that it will hear oral arguments in the case challenging President Donald Trump‘s authority to fire Federal Reserve Gov. Lisa Cook on…
Shoppers and visitors on London’s Oxford Street brave the bad weather using Union Flag umbrellas on 6th May 2024. Mike Kemp | In Pictures | Getty Images The U.K. economy grew a meager 0.1% in the third quarter, according to preliminary figures from the Office for National Statistics. Economists polled by Reuters expected the economy…
