Finance News Archives | Page 27 Of 196

AI startup Cursor raises .3 billion funding round at .3 billion valuation

AI startup Cursor raises $2.3 billion funding round at $29.3 billion valuation

Emilija Manevska | Moment | Getty Images Artificial intelligence startup Cursor on Thursday announced it has closed a $2.3 billion funding round at a $29.3 billion post-money valuation, nearly triple what it was worth as of its last raise in June. Cursor built a popular AI coding tool that helps software developers generate, edit and […]

AI startup Cursor raises $2.3 billion funding round at $29.3 billion valuation Read More »

Verizon chairman Mark Bertolini says the board ‘needed to act’ to revive company

Finance News

Verizon chairman Mark Bertolini said Thursday that the company’s new CEO, former PayPal boss Dan Schulman, is working to revive Verizon from its period of share losses under former CEO Hans Vestberg. Bertolini, who is also the Oscar Health CEO and who was named Verizon chairman last month, told CNBC’s Becky Quick on “Squawk Box”

Verizon chairman Mark Bertolini says the board ‘needed to act’ to revive company Read More »

Government shutdown ends, Disney earnings, Anthropic’s billion AI investment and more in Morning Squawk

Government shutdown ends, Disney earnings, Anthropic’s $50 billion AI investment and more in Morning Squawk

Finance News

U.S. President Donald Trump signs the funding bill to end the U.S. government shutdown, at the White House in Washington, D.C., U.S., Nov. 12, 2025. Kevin Lamarque | Reuters This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading

Government shutdown ends, Disney earnings, Anthropic’s $50 billion AI investment and more in Morning Squawk Read More »

Chinese tech giant Tencent’s quarterly revenue rises 15%, fueled by AI

Finance News

Tencent on Thursday posted 15% year-on-year revenue growth, with AI boosting the Chinese tech giant’s performance in advertising targeting and gaming. Here’s how Tencent performed in the third quarter of 2025, per earnings released on Thursday: Revenue: 192.9 billion Chinese yuan ($27.12 billion), surpassing the 189.2 billion Chinese yuan expected analysts, according to data compiled by

Chinese tech giant Tencent’s quarterly revenue rises 15%, fueled by AI Read More »

CNBC Daily Open: There’s the AI market, and then there’s ‘everything else’

Finance News

Traders work on the floor of the New York Stock Exchange (NYSE) on Nov. 12, 2025 in New York City. Spencer Platt | Getty Images The divergence between the performance of the Dow Jones Industrial Average and Nasdaq Composite on Wednesday stateside reinforces the suggestion that there are two markets operating in the U.S.: one

CNBC Daily Open: There’s the AI market, and then there’s ‘everything else’ Read More »

Firefly Aerospace shares jump 15% on strong revenues, boosted guidance

Finance News

Jason Kim, chief executive officer of Firefly Aerospace, center, during the company’s initial public offering at the Nasdaq MarketSite in New York, US, on Thursday, Aug. 7, 2025. Michael Nagle | Bloomberg | Getty Images Firefly Aerospace‘s stock surged 15% on Wednesday after the space technology company issued better-than-expected third-quarter results and lifted its guidance.

Firefly Aerospace shares jump 15% on strong revenues, boosted guidance Read More »

Cisco beats on earnings and guidance, lifting stock

Finance News

Chuck Robbins, Cisco CEO, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025. Gerry Miller | CNBC Cisco reported better-than-expected profit and revenue for its fiscal first quarter on Wednesday. The stock rose about 5% in extended trading. Here’s how the company did in comparison with consensus

Cisco beats on earnings and guidance, lifting stock Read More »

Defense startup Govini founder Eric Gillespie charged in child sex sting

Finance News

Mug shot of Eric Gillespie, Govini Founder and Chairman. Courtesy: Pennsylvania Attorney General The founder of Virginia-based defense startup Govini was arrested on charges of attempting to solicit a pre-teen girl for sexual contact in Pennsylvania, authorities said Monday. The founder, Eric Gillespie, 57, was charged with four felonies, including multiple counts of unlawful contact

Defense startup Govini founder Eric Gillespie charged in child sex sting Read More »

What Anthropic’s billion AI infrastructure investment means for these 3 portfolio stocks

What Anthropic’s $50 billion AI infrastructure investment means for these 3 portfolio stocks

Finance News

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks were mixed Wednesday as Wall Street hoped for an end to the government’s record-breaking shutdown. The House is set for a final vote in

What Anthropic’s $50 billion AI infrastructure investment means for these 3 portfolio stocks Read More »

AI startup Code Metal is going beyond vibe coding with the help of million in fresh capital

AI startup Code Metal is going beyond vibe coding with the help of $36 million in fresh capital

Finance News

Code Metal co-founders (L-R): SVP of technology Alex Showalter-Bucher, and CEO Peter Morales Courtesy Code Metal Inc. Peter Morales started Code Metal two years ago, jumping into the market for artificial intelligence coding tools at a time when AI companies were rapidly changing the market for software development. Now he’s got $36.5 million in the

AI startup Code Metal is going beyond vibe coding with the help of $36 million in fresh capital Read More »

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