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Microsoft’s stock hits fresh record, rallying despite drop in broader market

Microsoft’s stock hits fresh record, rallying despite drop in broader market

Microsoft Chairman and Chief Executive Officer Satya Nadella speaks during the Microsoft Build 2025, conference in Seattle, Washington, on May 19, 2025. Jason Redmond | AFP | Getty Images On a down day for the market, Microsoft reached a record high for the first time in 11 months. Shares of the software giant rose 0.8%

Microsoft’s stock hits fresh record, rallying despite drop in broader market Read More »

Anduril raises funding at .5 billion valuation in round led by Founders Fund, chairman says

Anduril raises funding at $30.5 billion valuation in round led by Founders Fund, chairman says

The Anduril Industries headquarters in Costa Mesa, California, US, on Thursday, Dec. 14, 2023.  Kyle Grillot | Bloomberg | Getty Images Defense tech startup Anduril Industries has raised $2.5 billion at a $30.5 billion valuation, including the new capital, Chairman Trae Stephens said on Thursday. “As we continue working on building a company that has

Anduril raises funding at $30.5 billion valuation in round led by Founders Fund, chairman says Read More »

Palantir CEO Karp says AI is dangerous and ‘either we win or China will win’

Palantir CEO Karp says AI is dangerous and ‘either we win or China will win’

Alex Karp, Palantir CEO, and Chris Johnson, Teletracking co-CEO, joins CNBC’s ‘Squawk on the Street’ on June 5, 2025. CNBC Palantir CEO Alex Karp said the artificial intelligence arms race between the U.S. and China will culminate in one country coming out on top. “My general bias on AI is it is dangerous,” Karp told

Palantir CEO Karp says AI is dangerous and ‘either we win or China will win’ Read More »

MongoDB jumps 15% after company boosts guidance, cites confidence in cloud-based database service

MongoDB jumps 15% after company boosts guidance, cites confidence in cloud-based database service

Dev Ittycheria, CEO of MongoDB Adam Jeffery | CNBC MongoDB shares surged 15% after the software company surpassed fiscal first-quarter earnings expectations and raised its outlook, citing growing confidence in its cloud-based database service. Revenues hit $549 million during the period, jumping 22% from more than $450 million in the year-ago period. That topped a

MongoDB jumps 15% after company boosts guidance, cites confidence in cloud-based database service Read More »

Involution or evolution? China wants to stop the EV price war, but analysts are doubtful

Involution or evolution? China wants to stop the EV price war, but analysts are doubtful

A worker checks a finished vehicle on the production line for electric vehicle maker Zeekr at its factory on May 29, 2025 in Ningbo, China. Kevin Frayer | Getty Images News | Getty Images BEIJING — Chinese regulators aren’t pleased about the price war brewing in its automotive sector, but industry players and analysts only

Involution or evolution? China wants to stop the EV price war, but analysts are doubtful Read More »

British fintech Wise to move primary listing to the U.S. in blow to London stock exchange

British fintech Wise to move primary listing to the U.S. in blow to London stock exchange

The Wise logo displayed on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket via Getty Images British money transfer firm Wise on Thursday said that it plans to move its primary listing location to the U.S., dealing a fresh blow to the London stock exchange. Wise said in its full-year earnings statement that

British fintech Wise to move primary listing to the U.S. in blow to London stock exchange Read More »

After Trump pulled NASA nomination, Musk ally Jared Isaacman says stint in politics was ‘thrilling’

After Trump pulled NASA nomination, Musk ally Jared Isaacman says stint in politics was ‘thrilling’

Inspiration4 mission commander Jared Isaacman, founder and chief executive officer of Shift4 Payments, stands for a portrait in front of the recovered first stage of a Falcon 9 rocket at Space Exploration Technologies Corp. (SpaceX) on February 2, 2021 in Hawthorne, California.  Patrick T. Fallon | Afp | Getty Images Days after his nomination for

After Trump pulled NASA nomination, Musk ally Jared Isaacman says stint in politics was ‘thrilling’ Read More »

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