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SpaceX rival AST SpaceMobile prepares to deploy nearly five dozen satellites

SpaceX rival AST SpaceMobile prepares to deploy nearly five dozen satellites

Business News

Jaque Silva | Lightrocket | Getty Images Satellite designer AST SpaceMobile said it’s preparing to deploy nearly five dozen satellites to power cellular-based broadband networks, a move that establishes the company as a rival to Elon Musk’s dominant SpaceX. The company, based in Texas, released its second-quarter earnings after the bell on Monday, reporting that […]

SpaceX rival AST SpaceMobile prepares to deploy nearly five dozen satellites Read More »

Quantum computing could be commercial real estate’s next big tailwind

Quantum computing could be commercial real estate’s next big tailwind

Business News

Parts of the IBM Quantum System Two are displayed at IBM Thomas J. Watson Research Center on June 6, 2025 in Yorktown Heights, New York. Angela Weiss | Afp | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities

Quantum computing could be commercial real estate’s next big tailwind Read More »

Perplexity offers to buy Google’s Chrome browser for .5 billion

Perplexity offers to buy Google’s Chrome browser for $34.5 billion

Finance News

Artificial intelligence startup Perplexity AI has made an unsolicited $34.5 billion bid for Google’s Chrome browser, CNBC confirmed on Tuesday. That figure is higher than Perplexity’s current valuation, but the company said several investors have agreed to back the deal. Google did not immediately respond to CNBC’s request for comment. The Wall Street Journal was

Perplexity offers to buy Google’s Chrome browser for $34.5 billion Read More »

Uber Freight CEO joins self-driving truck company Waabi, says era of autonomous big rigs on U.S. roads is here

Uber Freight CEO joins self-driving truck company Waabi, says era of autonomous big rigs on U.S. roads is here

Finance News

Raquel Urtasun (L), Waabi founder and CEO, and Lior Ron (R), who has joined Waabi as chief operating officer after growing Uber Freight to a $5 billion revenue company. Waabi Lior Ron, founder and CEO of Uber Freight, is joining self-driving truck startup Waabi as chief operating officer. The move, Ron says, is based on

Uber Freight CEO joins self-driving truck company Waabi, says era of autonomous big rigs on U.S. roads is here Read More »

Swiss sneaker company On beats sales estimates, raises guidance despite Vietnam tariffs

Swiss sneaker company On beats sales estimates, raises guidance despite Vietnam tariffs

Business News

On Running shoes at On’s headquarters in in Zurich, Switzerland. CNBC On sales rose 32% in the Swiss sportswear company’s second quarter, leading it to raise its full-year revenue guidance even as it contends with new tariffs on imports from Vietnam.  The buzzy sneaker brand, which has been credited with taking market share from Nike,

Swiss sneaker company On beats sales estimates, raises guidance despite Vietnam tariffs Read More »

Paramount buys UFC rights in .7 billion, 7-year deal in first major move post-Skydance merger

Paramount buys UFC rights in $7.7 billion, 7-year deal in first major move post-Skydance merger

Business News

Days after completing its merger with Skydance, Paramount has acquired the U.S. rights to TKO Group’s UFC for seven years, beginning in 2026. Paramount is paying an average of $1.1 billion per year, totaling $7.7 billion, for UFC’s full slate of 13 marquee events and 30 “Fight Nights,” the companies said in a statement. All

Paramount buys UFC rights in $7.7 billion, 7-year deal in first major move post-Skydance merger Read More »

Ford announces billion investment in Louisville assembly plant aimed at cheap EVs

Ford announces $2 billion investment in Louisville assembly plant aimed at cheap EVs

Business News

An aerial view as a Ford sign stands on the sales lot of the Metro Ford dealership on May 06, 2025 in Miami, Florida. Joe Raedle | Getty Images Ford on Monday announced it would invest $2 billion and create 2,200 new jobs at a Louisville, Kentucky, assembly plant aimed at rolling out more affordable

Ford announces $2 billion investment in Louisville assembly plant aimed at cheap EVs Read More »

Can Stitch Fix make a comeback? Inside the company’s return to growth

Can Stitch Fix make a comeback? Inside the company’s return to growth

Business News

The Stitch Fix logo on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Saturday, June 5, 2021. Stitch Fix Inc. is scheduled to release earning on June 7. Tiffany Hagler-Geard/ | Bloomberg | Getty Images Could Stitch Fix be on the path to a comeback?  The clothing subscription service, one of the many pandemic

Can Stitch Fix make a comeback? Inside the company’s return to growth Read More »

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