A Pony.ai robotaxi drives on a public road in a suburb in southern Beijing on July 11, 2024. China News Service | China News Service | Getty Images BEIJING — In the latest step toward building a revenue-generating robotaxi business, Chinese start-up Pony.ai said it has obtained China’s first permit to charge fares for fully…
Michael Intrator, co-founder and CEO of CoreWeave, speaks at Web Summit in Lisbon, Portugal, on Nov. 13, 2024. Carlos Rodrigues | Sportsfile | Web Summit | Getty Images CoreWeave on Thursday priced shares at $40 in the company’s IPO, raising $1.5 billion in the biggest U.S. tech offering since 2021, CNBC has confirmed. The company,…
Traders work at the post where GameStop is traded on the floor at the New York Stock Exchange on June 12, 2024. Brendan McDermid | Reuters GameStop shares tumbled Thursday, suffering its biggest loss since June, after the video game retailer announced plans to raise debt to buy bitcoin. The meme stock plunged 22.1%, following…
Lululemon store in Manhattan, New York City, U.S., on July 15, 2024. Beata Zawrzel | Nurphoto | Getty Images Lululemon beat Wall Street expectations for fiscal fourth-quarter earnings and revenue, but issued 2025 guidance that disappointed analysts. Shares of the apparel company fell about 6% in extended trading. Here’s how the company did compared with…
US Representative Elise Stefanik, Republican from New York, testifies before the Senate Foreign Relations Committee on her nomination to be Ambassador to the United Nations, on Capitol Hill in Washington, DC, January 21, 2025. Saul Loeb | Afp | Getty Images President Donald Trump on Thursday withdrew his nomination of Rep. Elise Stefanik as U.S….
Robinhood CEO and co-founder Vlad Tenev. CNBC Robinhood CEO Vlad Tenev is betting that by rolling out a large enough portfolio of digital investment products, more consumers will be willing to pay a monthly subscription for its product suite. Subscribers to Robinhood Gold pay $5 a month or $50 a year for perks like 4%…
View of Citi Field with Mets Home Run Big Apple, Queens, New York. Lindsey Nicholson | Universal Images Group | Getty Images The New York Mets generated revenue of $261 million, a record high, and net income of $125 million at Citi Field in 2024, according to unaudited financial statements viewed by CNBC. The revenue…
The border wall is shown in a background as a semi-truck carrying Toyota trucks crosses a bridge after clearing U.S. Customs while entering the United States from Mexico along the border in San Diego, California, on March 4, 2025. Mike Blake | Reuters Auto stocks are digesting President Donald Trump’s announcement that he would place…
Dollar Tree said Wednesday that it’s gaining market share with higher-income consumers and could raise prices on some products to offset President Donald Trump’s tariffs. The discount retailer’s CEO, Michael Creedon, said the company is seeing “value-seeking behavior across all income groups.” While Dollar Tree has always relied on lower-income shoppers and gets about 50%…
Paychex CEO John Gibson told CNBC’s Jim Cramer on Wednesday he doesn’t think a recession is imminent. Small businesses are optimistic, he said, even though they are concerned about the macroeconomy and the political sphere. “I’m not seeing any signs of a recession in our data. The underlying labor market remains fundamentally healthy,” Gibson said….
