Elon Musk’s pay package of up to $1 trillion highlights the continued escalation in CEO compensation, even as worker pay slows and rewards to shareholders remain mixed, according to several studies. Already, Musk is the richest person on the planet with a net worth that tops $660 billion, according to Bloomberg. Musk saw his…
Sen. Kirsten Gillibrand, D-N.Y., is “very optimistic” the Senate Agriculture Committee’s updated legislation to regulate cryptocurrencies will advance, even though Republicans have yet to reach a deal with Democrats. “Senators have been working on a bipartisan basis for the last six months pretty intensely, and we have two different bills,” Gillibrand told CNBC in an exclusive interview. One piece of legislation is in the Agriculture Committee,…
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…
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 that 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 Thursday in an interview at the World Economic Forum in Davos, Switzerland. The former Binance CEO served four months in…
The Intel logo is visible at the India Mobile Congress 2025 in Delhi, India, on October 11, 2025. Kabir Jhangiani | Nurphoto | Getty Images Intel shares plunged 14% Friday after the chipmaker issued lackluster guidance and warned of a supply shortage. During a fourth-quarter earnings call with analysts on Thursday, CEO Lip-Bu Tan said…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. With TikTok guaranteeing its presence in the U.S. (which we cover below), it looks like my screen time will remain far higher than it should be. Stock futures ticked lower this morning. The market is coming off another winning day….
TikTok discussions overshadowed U.S.-China tariff negotiations during the latest round of talks. Anna Barclay | Getty Images News | Getty Images TikTok has just announced a new U.S. venture that will keep it operating there after years of concerns about its links to China. But even as it was nearly banned and faced scrutiny from…
Key Points Investor scrutiny is set to increase this year as AI foundation model developers chart their way to becoming public companies, analysts said. It will be a “make or break” year for such companies, and OpenAI looks particularly “extended,” according to a Deutsche Bank note. “The key question is whether enterprise monetization, pricing power,…
Xiaomi logo at an exhibition in Hangzhou, Zhejiang Province, China on November 1, 2025. Cfoto | Future Publishing | Getty Images Chinese tech giant Xiaomi saw its shares pop over 2% in trading on Friday after it announced a stock buyback program worth up to HK$2.5 billion ($321 million). The repurchase plan comes as the…
