A shopper pays with a credit card at the farmer’s market in San Francisco on March 27, 2025. Bloomberg | Bloomberg | Getty Images The deterioration in consumer sentiment was even worse than anticipated in March as worries over inflation intensified, according to a University of Michigan survey released Friday. The final version of the…
Thomas Fuller | SOPA Images | Lightrocket | Getty Images AppLovin CEO Adam Foroughi hit back at new short-selling allegations from Muddy Waters Research after the ad-tech company’s stock suffered its steepest drop on record on Thursday. Foroughi penned a new blog post that asked investors to “dig deeper” on the allegations, saying the report’s…
A sign is posted in front of Intel headquarters in Santa Clara, California, on Aug. 1, 2024. Justin Sullivan | Getty Images News | Getty Images Three members of Intel’s board of directors will not stand for reelection in May, the company said in a filing on Thursday. Omar Ishrak, former CEO of Medtronic; Risa Lavizzo-Mourey,…
Dr. Peter Marks, Director of the Center for Biologics Evaluation and Research within the Food and Drug Administration answers a question during a Senate Health, Education, Labor and Pensions Committee hearing to discuss the on-going federal response to COVID-19, at the U.S. Capitol in Washington, D.C., May 11, 2021. Greg Nash | Pool | Reuters…
CoreWeave CEO Michael Intrator unpacked the cloud computing company’s first day on the market in a Friday interview with CNBC’s Jim Cramer, defending its decision to raise a hefty debt load. “The debt is the engine, it’s the fuel for this company,” Intrator said. “We go out, we find great contracts with great counterparties that…
The main gate at The Walt Disney Studios in Burbank, California, on Sept. 25, 2023. Mario Anzuoni | Reuters The Federal Communications Commission has alerted the Walt Disney Company and its ABC unit that it will begin an investigation into the diversity, equity and inclusion efforts at the media giant. The FCC, the agency that regulates…
Charlie Javice, who is charged with defrauding JPMorgan Chase & Co into buying her now-shuttered college financial aid startup Frank for $175 million in 2021, arrives at United States Court in Manhattan in New York City, June 6, 2023. Mike Segar | Reuters Charlie Javice, founder of a startup purchased by JPMorgan Chase in 2021,…
Arthur Hayes, chief executive officer of BitMEX, speaks during the Consensus: Invest event in New York, U.S., on Tuesday, Nov. 28, 2017. Michael Nagle | Bloomberg | Getty Images President Donald Trump has granted pardons to three co-founders of the BitMEX global cryptocurrency exchange, CNBC has learned. The co-founders, former BitMEX CEO Arthur Hayes, Benjamin…
President Donald Trump said Friday that the large law firm Skadden, Arps, Slate, Meagher & Flom has agreed to provide at least $100 million in pro bono legal services to the federal government during the Trump administration. The agreement, which Trump called “essentially a settlement,” calls for other actions and allows Skadden, Arps to avoid…
CoreWeave CEO Mike Intrator said Friday that the company’s IPO pricing, which came in below expectations, has to be placed in the larger context of the macroenvironment. “There’s a lot of headwinds in the macro,” Intrator said on CNBC’s Squawk Box. “And we definitely had to scale or rightsize the transaction for where the buying…
