Dayu Dara Permata, 36, is the co-founder and CEO of Indonesian property transaction platform Pinhome.Courtesy of PinhomeIt’s no secret that building a successful startup often involves risk, iteration and failure. Dayu Dara Permata knows this well.The 36-year-old is the co-founder and CEO of Indonesian property transaction platform Pinhome. Over the course of about five years, she went from bootstrapping the business out of her own garage to raising over $75 million to date, according to a company representative and data from PitchBook.”Entrepreneurship is really hard. There’s no instant success … You just have to be ready to fail,” Permata told…
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The ‘Fast Money’ traders react to Tesla CEO Elon Musk’s interview with CNBC’s David Faber. Source link
Deported migrants arrive from the U.S. in a military plane at Ramon Villeda Morales airport in Cortes, Honduras on January 31, 2025, the first flight of migrants returned to Honduras under the Donald Trump administration.Emilio Flores | Anadolu | Getty ImagesFor the second time in less than two weeks, immigration lawyers have gone to federal court to try and stop the Trump administration from deporting a small group of immigrants from the United States to a war-torn country not their own.Immigration attorneys told the court that at least two of their clients, from Myanmar and Vietnam, were deported Tuesday morning to…
Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesApple approved the Epic Games title Fortnite on Tuesday, returning the first-person shooter game to the App Store in the U.S., five years after its removal.Fortnite was kicked off the App Store in 2020 after Epic updated its game over the web to take payments directly, instead of through Apple’s in-app payment mechanism, which takes fees up to 30%. The move angered Apple and kicked off a years-long legal battle.Last month, Epic scored a victory in court, when a judge ruled that Apple wasn’t allowed to charge a commission when apps…
Vehicles produced by South Korean automaker Kia Motors are lined up ready to be shipped at the company’s shipping yard at the Port of Pyeongtaek on April 03, 2025 in Pyeongtaek, South Korea.Chung Sung-Jun/Getty ImagesSouth Korea’s government pledged on Wednesday more support measures for key export industries, including the biopharmaceutical and auto sectors, which are expected to be hit by U.S. President Donald Trump’s sweeping tariffs.The government will prepare new measures to support its biopharmaceutical companies, as soon as details of Trump’s tariffs on the sector become available, it said in a statement.Earlier this month, Trump signed an executive order aimed at reducing the time it takes to approve pharmaceutical plants in the country. The move…
CNBC’s Steve Liesman joins ‘Fast Money’ to talk the latest CNBC Flash Fed Survey. Source link
Vehicles awaiting shipment are parked at a port on March 27, 2025 in Yokohama, Japan. U.S. Tomohiro Ohsumi | Getty ImagesJapan exports slowed for a second straight month, government data showed Wednesday, as the country reels under U.S. President Donald Trump’s sweeping tariffs.Exports growth of 2% was in line with Reuters-polled analysts’ estimates, its slowest since October last year and the worst showing since September when exports contracted 1.7%.The country’s imports shrank 2.2% from a year ago, less than estimates of a 4.5% decline.Japan’s real gross domestic product contracted an annualized 0.7% in the first quarter this year, preliminary government data…
The Amazon Prime logo is displayed on Amazon delivery trucks in Richmond, California, June 21, 2023.Justin Sullivan | Getty ImagesDepartment of Justice officials on Tuesday charged members or associates of an Armenian organized crime ring with stealing more than $83 million worth of cargo from Amazon by posing as legitimate truck drivers and siphoning off goods destined for the company’s warehouses.Since at least 2021, at least four people linked to the crime ring carried out a scheme across California to steal truckloads of merchandise, ranging from smart TVs and GE icemakers to SharkNinja vacuums and air fryers, the DOJ alleged.”At…
Elon Musk interviews on CNBC from the Tesla Headquarters in Texas.CNBCElon Musk said Tuesday that artificial intelligence development could run into power generation problems by the middle of next year, as the technology industry builds increasingly large data centers.Musk told CNBC in an interview that his artificial intelligence startup xAI is planning a gigawatt-size facility outside Memphis, Tenn. He said the facility would be complete in six to nine months. A gigawatt is equivalent to the power capacity of the average nuclear plant in the U.S., according to the Department of Energy.Musk said AI faces three major limitations as it…
Palo Alto Networks shares fell Tuesday evening despite reporting better-than-expected earnings and revenue for its April quarter. We’ve seen the stock drop on earnings reports before due to lofty investor expectations, before ultimately recovering. This time may not be any different. Revenue in the cybersecurity company’s fiscal 2025 third quarter increased 15% year over year to $2.29 billion, exceeding the Wall Street consensus estimate of $2.28 billion, according to LSEG. Adjusted earnings per share (EPS) increased 21% to 80 cents in the quarter, ahead of the 77-cent LSEG consensus estimate. PANW YTD mountain Palo Alto’s year-to-date stock performance. Bottom line…
