Signage ahead of the Nvidia Live event at CES 2026 in Las Vegas, Nevada, US, on Monday, Jan. 5, 2026. Bridget Bennett | Bloomberg | Getty Images Nvidia director Persis Drell, an engineering professor at Stanford, resigned on Wednesday after just over a decade on the chipmaker’s board of directors, the company said in a…
The sudden collapse last fall of a string of American companies backed by private credit has thrust a fast-growing and opaque corner of Wall Street lending into the spotlight. Private credit, also known as direct lending, is a catch-all term for lending done by nonbank institutions. The practice has been around for decades but surged…
The World Economic Forum, each year, becomes the center of the universe for one week in January in Davos, Switzerland. This year, six CEOs of portfolio companies were interviewed on CNBC throughout the week. They discussed topics ranging from artificial intelligence to America’s housing affordability crisis. Here is what they had to say. 1. Amazon…
Databricks co-founder and CEO Ali Ghodsi. Databricks Data analytics software company Databricks has landed $1.8 billion in fresh debt, a person familiar with the matter told CNBC. Databricks now sits on over $7 billion in debt, the person added. The company declined to comment. Databricks is among the highly valued technology companies that are primed…
U.S. Senator Elizabeth Warren (D-MA) and Director of the United States Office of Management and Budget, Russell Vought. Kevin Mohatt | Kevin Lamarque | | Reuters Sen. Elizabeth Warren on Friday accused the acting head of the Consumer Financial Protection Bureau of undermining President Donald Trump’s stated push to make credit cards more affordable, according…
Alphabet ‘s Google has moved beyond the search bar, positioning itself as the lead architect of “agentic commerce.” In this new world, AI not only suggests what you buy but executes the purchase for you. For years, online retail has operated under a predictable platform: Shoppers search, click through the results, and complete checkout on…
Binance founder Changpeng “CZ” Zhao said his business relationship with President Donald Trump‘s family has been “misconstrued” in the wake of his pardon. “There’s no business relationships whatsoever,” Zhao told CNBC’s Andrew Ross Sorkin on Thursday in an interview at the World Economic Forum in Davos, Switzerland. The former Binance CEO served four months in…
A former official of U.S. President Donald Trump’s first administration is planning a multi-billion-dollar data center project in a remote corner of Greenland, as hyperscalers scramble to build out capacity across the globe to keep up with the AI rollout. The data center is aiming to be operational at 300 megawatts (MW) by mid-2027, before…
By some measures, Generation Z is the hardest hit by the affordability crisis. Even though young adults are more likely to have a college degree and work full time compared with their parents at this age, that combo also comes larger student loan balances, which have proved to be a significant obstacle for those starting out. At…
A flag with the CSG NV logo during the listing of their company at Euronext Amsterdam in Amsterdam, Netherlands, on Friday, Jan. 23, 2026. Bloomberg | Bloomberg | Getty Images Shares of Czech-based defense firm Czechoslovak Group (CSG) soared over 30% on its stock market debut on Friday, underscoring sustained investor interest in defense companies…
