This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Tuesday. Breaking news this morning: Netflix submitted an all-cash offer for Warner Bros. Discovery‘s assets, the latest twist in the fight for the media giant’s studio and streaming businesses. CNBC reported last week that Netflix was likely to adjust its bid….
(These are the market notes on today’s action by Mike Santoli, CNBC’s Senior Markets Commentator.) They say bull markets peak on good news, but not today. OpenAI’s latest gargantuan commitment for computing capacity via AMD chips – one that will be largely financed through a 10% equity position in AMD that was granted to Open…
Worries over how artificial intelligence may disrupt software companies have shaken up those stocks, and Citi says some of them may be ripe for a rebound. Software stocks have struggled this year as investors fear AI will make “software as a service” business models obsolete. The iShares Expanded Tech-Software Sector ETF (IGV) is down more…
Live Coverage for this has ended 10:47p ET Chargers respond with another TD 10:29p ET Vikings turn interception into points 9:39p ET Justin Herbert throws second TD 9:01p ET Chargers punch in another TD 8:41p ET Chargers Strike First 8:31p ET Pick-Six Overturned Live Coverage for this began on 11:30p ET <
There’s no better time to stick with Costco than right now, Jim Cramer says, on the back of the company’s solid June sales report late Wednesday. “You’re going to want to stay with Costco because that’s going to be the way you fight inflation,” Jim said Thursday on “Squawk on the Street,” a day after…
Pavlo Gonchar | Lightrocket | Getty Images Space startup Varda announced on Thursday that it has raised $187 million in Series C funding, led by venture capital firms Natural Capital and Shrug Capital, to continue advancing drug manufacturing in space. The latest round included participation from Peter Thiel, Lux Capital, Khosla Ventures and Caffeinated Capital….
Becoming an entrepreneur doesn’t necessarily mean starting a new business from scratch. You can also acquire existing businesses, for which there is no shortage. According to a CNBC analysis of a 2023 report from the Exit Planning Institute, 58% of boomers who are business owners say they planned to sell their businesses within the next…
Is Josef Newgarden perfect? Or at least the perfect neighbor? We’ll let you decide. Newgarden is among the star INDYCAR drivers who spent part of their offseason displaying their acting skills, as they participated in an ad campaign ahead of the season, which starts March 1 on the streets of St. Petersburg. The first ad…
There’s an area of the market that many investors are overlooking: foreign government bonds, according to BlackRock’s Tom Becker. While they may venture into global equities, most investors stay focused within the United States when it comes to fixed income, he said. As portfolio manager on the iShares Global Government Bond USD Hedged Active ETF…
Roughly 1 in 7 people are leaving unclaimed property on the table, according to the National Association of Unclaimed Property Administrators. While the recent heavy selling in bitcoin and ether is rightly getting all the short-term attention, this estate planning issue is a longer-term one that’s likely to be exacerbated as crypto adoption and ownership…
