Video gaming is big business. The global market is expected to reach $187.7 billion in 2024, according to data firm Newzoo.And in the industry, there has been a big effort to boost esports, which is competitive gaming, and turn it into a professional sport on part with soccer or football.Esports involves teams or individuals competing against each other in different video games. These players train and have coaches like regular athletes in a bid to be the best in their game category.In August, the first ever Esports World Cup concluded. It featured more than 1,500 players and a prize pool…
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Distance Technologies develops a product that it says can turn any transparent surface into an augmented-reality display.Distance TechnologiesDistance Technologies, a Finnish startup that aims to bring mixed-reality technology to any car windshield or plane cockpit, has raised 10 million euros ($11.1 million) of funding from GV, the venture capital arm of Alphabet and other investors.Distance raised the cash injection in a seed round led by GV, with existing investors FOV Ventures and Maki.vc also stumping up more cash for the startup, the company told CNBC on Thursday.Helsinki-headquartered Distance develops technology that it says can turn any transparent surface into an…
Election polling continues to forecast a tight race between Vice President Kamala Harris and former President Donald Trump, but within corporate America, top executives are preparing for Harris to become the next president of the United States, according to a new CNBC survey of C-suite executives across the economy. A majority of chief financial officers (55%) say Harris will win the election, according to the Q3 CNBC CFO Council Survey. That’s a reversal from the prior CFO survey in Q2 (when President Joe Biden was still the candidate) and a majority of CFOs (58%) believed Trump would win. About a…
A Southwest Airlines plane takes off from Hollywood Burbank Airport as another Southwest plane taxis on July 25, 2024 in Burbank, California. Mario Tama | Getty ImagesSouthwest Airlines raised its third-quarter revenue forecast on Thursday, announced its board authorized $2.5 billion in share buybacks and detailed a host of changes to its business model as it seeks to fend off activist Elliott Investment Management.The airline said it expects unit revenue to rise as much as 3% in the third quarter over the same period last year, up from a previous forecast of a decline of as much as 2%.The carrier also…
A Just Eat sign displayed at the front of a pizza takeaway shop on May 19, 2020 in Fleet, England.Alex Burstow | Getty ImagesGrubhub-owner Just Eat Takeaway.com said Thursday it had partnered with sex toy retailer Lovehoney Group, in an unexpected expansion into the so-called sexual wellness sector.The Anglo-Dutch online takeaway delivery firm said it would sell some of Lovehoney’s best-selling products, including sex toys from its popular Womanizer, We-Vibe- ROMP and Fifty Shades of Grey products lines.The offering will be available via the company’s Just Eat brand in the U.K. and Denmark, and it’s Liferando food ordering service in…
Checking accounts are an everyday financial tool for many people, but maintaining one can be expensive. Major banks often charge account maintenance fees that can cost you up to $35 per month.CNBC Select compared dozens of checking accounts from online and brick-and-mortar banks, as well as credit unions, to find the ones charging zero monthly maintenance fees. We favored those that also have low (or no) minimum balance and deposit requirements. (See our methodology for more information on how we choose the best no-fee checking accounts.)Best no-fee checking accountsCompare checking accountsBest for rewardsDiscover® Cashback Debit CheckingDiscover® Bank is a Member…
(This is CNBC Pro’s live coverage of Thursday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A tech giant and a major coffee chain are among the stocks being talked about on Thursday. Bank of America raised its price target to $630 from $563, implying more than 10% upside. Meanwhile, Bernstein upgraded Starbucks to outperform from market perform. Check out the latest calls and chatter below. All times ET. 5:55 a.m.: Goldman upgrades Bilibili Goldman Sachs moved off the sidelines on Bilibili , saying the Chinese internet stock is starting a profitable…
Builders step up construction in Yuexi County, Anqing city, Anhui province, China, on Sept 25, 2024.Cfoto | Future Publishing | Getty ImagesBEIJING — China aims to stop the property slump, top leaders said Thursday in a readout of a high-level meeting published by state media.Authorities “must work to halt the real estate market decline and spur a stable recovery,” the readout said in Chinese, translated by CNBC. It also called for “responding to concerns of the masses.”Chinese President Xi Jinping led Thursday’s meeting of the Politburo, the second-highest circle of power in the ruling Chinese Communist Party, state media said.The…
People bag sand in preparation for possible flooding as Tropical Storm Helene heads toward the state’s Gulf Coast on September 25, 2024 in Tallahassee, Florida. Sean Rayford | Getty ImagesAn enormous Hurricane Helene swamped parts of Mexico on Wednesday as it churned on a path forecasters said would take it to Florida as a major storm with a surge that could swallow entire homes, a chilling warning that sent residents scrambling for higher ground, closed schools, and led to states of emergency throughout the Southeast.The storm’s center was about 110 miles (175 kilometers) northeast of Cozumel, Mexico, on Wednesday, the U.S.…
A sign on the exterior of a BNP Paribas SA bank branch in Paris, France, on Friday, Aug. 2, 2024.Bloomberg | Bloomberg | Getty ImagesFrance’s BNP Paribas on Thursday said there are simply too many European lenders for the region to be able to compete with rivals from the U.S. and Asia, calling for the creation of more homegrown heavyweight banking champions.Speaking to CNBC’s Charlotte Reed at the Bank of America Financials CEO Conference, BNP Paribas Chief Financial Officer Lars Machenil voiced his support for greater integration in Europe’s banking sector.His comments come as Italy’s UniCredit ups the ante on…
