UBS CEO on private credit: 'The vast majority is of good quality'
Sergio Ermotti, CEO of UBS, discusses high market valuations and the resilience of private credit with CNBC’s Carolin Roth. <
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Exec shared unauthorized guidance in Instagram video
The Snowflake Inc logo, which represents the American cloud computing-based data company that offers cloud-based storage and analytics services, is being displayed on their pavilion at the Mobile World Congress 2024 in Barcelona, Spain, on February 28, 2024. Joan Cros | Nurphoto | Getty Images Snowflake had to make a Securities and Exchange Commission filing…
Lamar Jackson Asked Ravens Owner to Remove Games From Locker Room
Every game may not literally be “do-or-die” for the 2-5 Baltimore Ravens, but don’t tell that to two-time NFL MVP Lamar Jackson. “Coach [John Harbaugh] touched on that with us in a team meeting: Each and every game is going to be like a win-or-go-home game,” Jackson said on Tuesday, according to ESPN. “It’s do-or-die…
New Target CEO Michael Fiddelke aims to boost clothing, home goods
Target’s merchants and designers have drawn inspiration from traveling to rodeos, ski lodges and college campuses. Some of the retailer’s fall accessories have western accents, such as purses with fringe and cowgirl-inspired hats. Melissa Repko | CNBC MINNEAPOLIS — When shoppers browse Target‘s aisles this fall, they will see purses with fringe accents, dresses made of…
Norway $2 trillion sovereign wealth fund Q3 earnings
Norges Bank Kristian Helgesen/Bloomberg | Bloomberg | Getty Images Norway’s $2 trillion sovereign wealth fund — the largest of its kind in the world — on Wednesday reported a 5.8% return during the third quarter, powered by strong stock market gains and AI optimism. Norges Bank Investment Management (NBIM) manages the fund on behalf of the Norwegian…
Character.AI to block romantic AI chats for minors
Cfoto | Future Publishing | Getty Images Character.AI on Wednesday announced that it will soon shut off the ability for minors to have free-ranging chats, including romantic and therapeutic conversations, with the startup’s artificial intelligence chatbots. The Silicon Valley startup, which allows users to create and interact with character-based chatbots, announced the move as part of…
2025 NFL Week 9 Buzz: Bears Add DB Who Had 6 INTs Last Season; Vikings Add QB
Who’s starting, who’s hurt, and who’s on the move? NFL news is nonstop, and we’re breaking it all down week by week this season. Here’s the latest on what’s happening around the league entering Week 9: Vikings add to QB room Minnesota signed quarterback John Wolford to its practice squad, per NFL Media. This move…
Fiserv stock craters 44% after company slashes guidance
Cheng Xin | Getty Images News | Getty Images Fiserv‘s stock plummeted 44% Wednesday and headed for its worst day ever after the fintech company cut its earnings outlook and shook up some of its leadership team. “Our current performance is not where we want it to be nor where our stakeholders expect it to…
From NEOM to AI and tourism, Saudi Arabia’s priorities are shifting
Digital render of NEOM’s The Line project in Saudi Arabia The Line, NEOM When Saudi Arabia first announced plans to reinvent its oil-based economy, huge infrastructure projects like the futuristic region NEOM and smart city The Line were championed as central to the transformation. Almost a decade on from the launch of its “Vision 2030”…
Stocks making the biggest moves premarket: NVDA, CAT, GNRC, CZR
Check out the companies making headlines in premarket trading. Nvidia — Shares climbed 3.5% in Wednesday’s premarket trading, building on the rally of around 5% seen in the prior session. The chipmaker is now closing in on the $5 trillion market cap milestone , which no other company has hit before. Boeing — The aerospace…