Mastercard is acquiring stablecoin infrastructure firm BVNK for $1.8 billion — a long-term play that could transform the one-time casualty of the so-called artificial intelligence and stablecoin disruption trades into a beneficiary of both emerging tech trends. The acquisition will enable Mastercard to process stablecoin-denominated transactions, the payments company said Tuesday in a statement. Over…
Salesforce CEO Marc Benioff attends the 55th annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 23, 2025. Halil Sagirkaya | Anadolu | Getty Images A bad year just got worse for Salesforce. Following a disappointing revenue forecast in its quarterly earnings report late Wednesday, Salesforce’s stock slumped 8%, bringing its decline…
NEW YORK — Lawyers for hip-hop mogul Sean “Diddy” Combs urged a federal appeals court in New York late Tuesday to order his immediate release from prison and reverse his conviction on prostitution-related charges or direct his trial judge to lighten his four-year sentence. The lawyers said in a filing with the 2nd U.S. Circuit…
UConn is ranked No. 4 in the preseason Associated Press Top 25 college basketball poll, but that isn’t impressing Huskies coach Dan Hurley. “There’s nothing more useless than preseason polls and picks,” Hurley said during Big East media day. “Preseason polls are pretty meaningless. I don’t even do mine. I think I told (assistant coach)…
Jaque Silva | Nurphoto | Getty Images Jeff Wang got a big promotion last month. There were lots of tears, but not the happy kind. The 39-year-old was unexpectedly named interim CEO of artificial intelligence coding startup Windsurf. The company had been in discussions with OpenAI about a potential acquisition that would have resulted in…
Ukrainian President Volodymyr Zelenskyy attends a press conference with German Chancellor Friedrich Merz (not pictured), on the day they attend a virtual meeting with U.S. President Donald Trump and European leaders on the upcoming Trump-Putin summit on Ukraine, in Berlin, Germany, August 13, 2025. Liesa Johannssen | Reuters Ukrainian President Volodymyr Zelenskyy said he will…
The Strait of Hormuz is facing a blockade. These countries will be most impacted The closure of the Strait of Hormuz by Iran is sending shockwaves across global energy markets, with Asia expected to face the maximum pain. A prolonged closure of the Strait would likely lead to a further surge in oil prices, with…
Los Angeles Dodgers two-way superstar Shohei Ohtani left the mound accompanied by a trainer during the fourth inning against the Cincinnati Reds on Wednesday night. Ohtani threw six straight balls — including two consecutive wild pitches — and, after a conference on the mound, departed with a 2-0 count against Spencer Steer. It was Ohtani’s…
Antonio Neri, President and CEO of Hewlett Packard Enterprise. Anjali Sundaram | CNBC Hewlett Packard Enterprise reported fourth-quarter revenue that missed analyst expectations, initially sending shares down as much as 9%. The stock rebounded Friday and were largely flat. The company reported earnings after the bell on Thursday, posting revenue of $9.68 billion, which was…
Here are the opening calls for the day Asia-Pacific markets started the day mixed Wednesday. As of 8.11 a.m. Singapore time, Japan’s Nikkei 225 benchmark added 0.33% while the broader Topix index ticked up 0.17%. In South Korea, the Kospi index was flat while the small-cap Kosdaq moved up 0.29%. Over in Australia, the S&P/ASX 200 benchmark fell…
