The Microsoft Teams app on a laptop arranged in New York, US, on Tuesday, June 25, 2024. Gabby Jones | Bloomberg | Getty Images Microsoft offered to unbundle its Office 365 and Microsoft 365 software suites from its Teams workplace communication app to address competition concerns from European regulators. The European Commission, which is the…
Ron Baron, founder of Baron Capital. Anjali Sundaram | CNBC Billionaire investor Ron Baron is standing by Elon Musk’s Tesla even in the face of its dramatic sell-off. The stock plunged 15% on Monday, its biggest one-day loss since September 2020. “I can’t believe how cheap they are, things that we look at,” Baron said…
A Hong Kong-based company has agreed to sell most of its stake in two key ports on the Panama Canal to a group led by US investment company BlackRock. The sale comes after weeks of complaining by President Donald Trump that the canal is under Chinese control and that the US should take control of…
Verily headquarters in San Bruno, California. Courtesy: Verily Verily is selling its stop-loss insurance subsidiary, Granular Insurance Company, to the insurance provider Elevance Health, the Alphabet health tech company confirmed to CNBC on Thursday. Verily is one of Google’s sister companies and operates within Alphabet’s “Other Bets” category. The Granular sale is the latest in…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. Stocks tanked Monday as Chinese startup DeepSeek’s lower-cost AI model sent shockwaves through the tech sector. Semiconductor stocks led the decline with Nvidia and Broadcom both dropping 13%. Investors…
“Growth, growth, fast growth,” Strey says of what investors were after. “You burn money to grow.” Before its introduction to venture capital, the Plantix team had imagined success as simply making a profitable business. But a modest goal “hasn’t always been that sexy for investors,” who prefer to rapidly build toward a single giant payout,…
