A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Super PACs supporting Andrew Cuomo and opposing Zohran Mamdani in the New York City mayoral race have raised over $40 million, with millions coming from prominent billionaires and family dynasties, according to election filings.New York billionaires Bill Ackman, Ronald Lauder, William Lauder, Barry Diller and Dan Loeb have all made large donations to a special committee called Fix the City that supports independent candidate Andrew Cuomo, according to election…
Author: usaeverydaylife
Andy Jassy, CEO of Amazon, speaks during an unveiling event in New York on Feb. 26, 2025.Michael Nagle | Bloomberg | Getty ImagesAmazon is slated to post results for the third quarter after the closing bell Thursday.Here’s what analysts polled by LSEG are looking for:Earnings per share: $1.57Revenue: $177.8 billionWall Street is also looking at other key revenue numbers:Amazon Web Services: $32.42 billion expectedAdvertising: $17.34 billion expectedAWS growth will be a major focus for investors once again, as the company faces intensifying pressure from cloud competitors Google and Microsoft, which also reported quarterly results this week.Revenue at AWS is projected…
Key PointsDynamix Corporation III has raised an upsized $175 million in an initial public offering, people familiar with the matter told CNBC.The SPAC may also opt to issue additional shares, raising a total of $201.25 million that will be used to acquire a company in the AI, energy or digital asset class sector.Dynamix III’s launch comes as the SPAC market cautiously emerges from a sharp downturn in new deals.A Nasdaq-listed special purpose acquisition company focused on energy, digital assets and AI has raised an upsized $175 million in an initial public offering. Dynamix Corporation III may also opt to issue…
Sheldon Cooper | SOPA Images | Lightrocket | Getty ImagesRoblox shares sank 10% on Thursday as the company said it expects increased capital expenditures that could pressure margins.The gaming company said it expects capital expenditures of $468 million, an increase of $158 million from prior guidance.”Our operating margin could decline slightly year-over-year due to the combination of higher DevEx rates and the impact of infrastructure and safety related investments catching up with rapid bookings growth in the back half of 2025,” the company said in a letter to shareholders.The company’s Developer Exchange Program (DevEx) lets creators exchange Robux for real…
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — One stylized way of thinking about the stock market is that it’s a machine designed to baffle as many people as possible at all times, constantly shifting in response to surprises and in anticipation of things that may or may not take place. I have met thousands of investors over the years who have spent a lifetime trying to master it, only to be fooled at the next turn, or the turn after that. Just when…
A Social Security Administration office in Washington, D.C., March 26, 2025.Saul Loeb | Afp | Getty ImagesTo help Social Security and Veterans Affairs beneficiaries cope with higher prices, a group of Democratic senators are proposing to increase benefits by $200 per month for six months.The bill — called the Social Security Emergency Inflation Relief Act — is backed by Democratic Senators including Mark Kelly of Arizona, Alex Padilla of California, Tammy Duckworth of Illinois, Angela Alsobrooks and Chris Van Hollen of Maryland, Elizabeth Warren of Massachusetts, Tina Smith of Minnesota, Kirsten Gillibrand and Chuck Schumer of New York, Ron Wyden…
Joe Lonsdale, the founder of venture firm 8VC, says that top executives in artificial intelligence are underselling the resources they need to meet their ambitious goals.These companies are ” afraid to scare their investors, and so they are telling them they need a lot less capital, a lot less energy than they know they actually do,” Lonsdale, who previously co-founded Palantir, told CNBC’s “Squawk Box” on Thursday.This dynamic will create a continuous cycle where executives look for more capital and energy every three to six months to power their initiatives, Lonsdale said. Tech giants have ramped up spending on AI in…
LEAD PICTUREThis report is from this week’s CNBC’s “Inside India” newsletter, which brings you timely, insightful news and market commentary on the emerging powerhouse. Subscribe here.The big story31-year-old Aarushi Kilawat is a fashion entrepreneur from India’s Jaipur, a small city with less than 5 million residents — a far cry from Indian metropolises like Mumbai, Delhi and Bengaluru.Her brand, The Loom Art, works with over 500 artisans to make apparel from handwoven or hand-embroidered fabrics found across India’s small towns since 2018.These clothes end up in high-end stores of Mumbai, India’s financial capital, with a population of over 20 million, and…
A Chipotle logo is displayed on a sign at a shop on June 1, 2025 in Washington, DC.Kevin Carter | Getty ImagesShares of Chipotle Mexican Grill tumbled as much as 19% in morning trading on Thursday after the company cut its full-year same-store sales forecast for the third straight quarter.Including Thursday’s move, the stock has fallen 45% this year, dragging its market value down to roughly $43 billion. At least five Wall Street analysts have cut their price targets for the stock after the report, anticipating investors’ displeasure with the burrito chain’s shrinking traffic and gloomy outlook.”It’s difficult to call…
Zoom Video Communications is re-emerging as a modest-growth story at a cheap valuation, with a very strong balance sheet. When the company reported Q2 results in late August, revenue grew about 4.7% year over year — its strongest growth in over 11 quarters. Adjusted EPS of $1.53 exceeded consensus expectations, growing by almost 39% year over year. Free cash flow rose at a comparable rate to $508 million for the quarter, with a free cash flow margin of greater than 40%. Critically, Zoom is gaining traction in its enterprise segment, which rose to just over 60% of Q2 revenue, up…
