Anthropic is in talks to raise between $3 billion and $5 billion in a funding round led by Iconiq Capital that would value the artificial intelligence startup at $170 billion, CNBC has confirmed. The OpenAI competitor has been reeling in billions of dollars at a rapidly increasing valuation reflecting investors’ thirst for a piece in…
A Nike and Athleta store. Kylie Cooper | Reuters | Michael Brochstein | SOPA Images | LightRocket | Getty Images Gap’s Athleta has tapped the head of Nike’s women’s business in North America as its next CEO, delivering a blow to the sneaker company as it tries to win back more female shoppers. Maggie Gauger,…
A Union Pacific locomotive at a rail yard in Milpitas, California, US, on Wednesday, July 5, 2023. Union Pacific Corp. is scheduled to release earnings figures on July 26. David Paul Morris | Bloomberg | Getty Images The largest rail workers’ union in the U.S. is planning to oppose the $85 billion mega-merger between freight…
NFL Commissioner Roger Goodell told employees in an email early Tuesday morning that one of the league’s employees was seriously injured in a Monday shooting at a Midtown Manhattan office tower. “A gunman committed an unspeakable act of violence in our building at 345 Park Avenue,” Goodell said. “The employee is in stable condition and…
Tom Lee, managing partner and the head of research at Fundstrat Global Advisors, speaks on CNBC’s “The Exchange” on Oct. 31, 2023. Adam Jeffery | CNBC An ETF driven by Tom Lee, an unabashed bull on Wall Street with a big online fandom, just hit another milestone. His first exchange-traded fund Fundstrat Granny Shots US Large…
A Gucci logo is displayed at their store on May 30, 2025 in Washington, DC. Kevin Carter | Getty Images News | Getty Images Gucci-owner Kering on Tuesday posted worse-than-feared second-quarter results and flagged ongoing geopolitical uncertainty as woes persist at the beleaguered luxury group. Sales at the high-end fashion house dropped 15% year-on-year on…
These are some of the stocks posting the largest moves midday. <
Here are the biggest calls on Wall Street on Tuesday: Goldman Sachs reiterates Microsoft as buy Goldman Sachs says it is bullish heading into earnings on Wednesday. “Microsoft is well-positioned to capitalize on this shift with a more capital efficient and higher margin recurring revenue model, just as it did during the on-prem to cloud…
JPMorgan Chase, already the largest credit card issuer in the U.S., is nearing a deal to take over the Apple Card portfolio from Goldman Sachs, people familiar with the matter told CNBC. The banks declined to comment to CNBC. Apple didn’t immediately return request for comment. Negotiations between JPMorgan and Apple have progressed as earlier…
Almost every parent tells their kid little lies. Stories about Santa and the tooth fairy spark excitement and joy. But not all fibs have a positive effect. I’m a psychologist who’s spent over 20 years working with parents, and I’ve seen the lies that well-meaning parents occasionally tell. Sometimes, they’re meant to protect a child’s feelings or…
