News

GameStop shares jump 30% as 'Roaring Kitty' schedules YouTube livestream for Friday

Shares of GameStop shot to session highs Thursday after "Roaring Kitty" scheduled a livestream on YouTube, which would be his first one in almost four years.

Salesforce to open new AI center in London as part of $4 billion UK investment

Enterprise tech giant Salesforce is opening an artificial intelligence center in London, making a bullish bet on the U.K. as a global technology hub.

Payhawk, a $1 billion corporate card startup, plans M&A shopping spree to boost its U.S. footprint

Bulgarian-founded corporate card startup Payhawk said it is targeting acquisitions to help it grow its footprint in the U.S.

Hanesbrands to sell Champion brand to Authentic Brands in $1.2 billion deal

Hanesbrands has agreed to sell its Champion brand to Authentic Brands Group in a transaction valued at $1.2 billion, the company announced Wednesday.

Sternlicht defends gating Starwood REIT withdrawals, hopes it will be a 'six-month thing' as rates fall

Barry Sternlicht defended his decision to put a cap on how much money investors could pull from his real estate fund.

Alphabet taps Eli Lilly's Anat Ashkenazi as new CFO

Ashkenazi will replace Ruth Porat, who will become president and chief investment officer of the company after nearly a decade as chief financial officer.

Ron Baron, big Tesla shareholder, supports Elon Musk's $56 billion pay package

Billionaire investor Ron Baron, longtime Tesla bull and shareholder, wrote an open letter in support of CEO Elon Musk's controversial $56 billion pay package.

Goldman-backed Starling says no plans to pursue EU bank license, expansion to come from software

Starling will pursue international expansion via its software business Engine rather than via banking licenses, incoming CEO Raman Bhatia said.

Citadel and BlackRock back project to start a national stock exchange in Texas

BlackRock and Citadel Securities are among investors backing a group seeking to start a new national stock exchange in Texas.

Fintech firm Nium cuts valuation by 30% in new funding round, eyes 2025 IPO

Despite the lower valuation, Nium is confident it can go public in the next 18 months and is eyeing late 2025 for its stock market debut.

The best banks in the Asia-Pacific region, according to customers

The report is the first of its kind between CNBC and market research firm Statista, which surveyed 22,000 individuals with a checking or savings account in 14 major economies.

How Roaring Kitty's wealth went from $53,000 to nearly $300 million — and could one day top $1 billion

GameStop champion Keith Gill saw his position in GameStop balloon from $53,000 in 2019 to over $289 million.
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