Michael Intrator, co-founder and CEO of CoreWeave, speaks at Web Summit in Lisbon, Portugal, on Nov. 13, 2024.Carlos Rodrigues | Sportsfile | Web Summit | Getty ImagesCoreWeave on Thursday priced shares at $40 in the company’s IPO, raising $1.5 billion in the biggest U.S. tech offering since 2021, CNBC has confirmed.The company, which provides access to Nvidia graphics processing units for artificial intelligence training and workloads, had planned to sell shares for between $47 and $55 each. At the top end of the range, that would’ve valued CoreWeave at about $26.5 billion, based on Class A and Class B shares…
Author: usaeverydaylife
Australia, New South Wales, Sydney Scott E Barbour | The Image Bank | Getty ImagesAsia-Pacific markets were set to open lower Friday, tracking losses on Wall Street as U.S. President Donald Trump’s tariffs kept investors on edge.Australia’s S&P/ASX 200 slipped 0.19% as Prime Minister Anthony Albanese announced a national election on May 3, kicking off a five-week campaign.Japan’s Nikkei 225 futures pointed to a lower open for the market. The futures contract in Chicago was at 37,480 and its counterpart in Osaka last traded at 37,420 compared to the index’s previous close of 37,799.97.Hong Kong’s Hang Seng index futures were…
CNBC’s Kate Rooney joins ‘Closing Bell Overtime’ to talk Robinhood’s new product lineup. Source link
Business, India, Factory – Young Businessman with his factory floor supervisor inspecting the newly installed heavy machinery at a textile factory.Gcshutter | E+ | Getty ImagesThis report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here.The big storyIndia has long harbored ambitions to become a manufacturing powerhouse. A flagship scheme launched five years ago to help the country realize that aim, however, has fallen short of achieving key goals.In 2020, the Indian government…
King Charles III was briefly hospitalized on Thursday after suffering side effects from his cancer treatment, Buckingham Palace said in a statement. The palace said Charles, 76, had since returned to his London residence, Clarence House, and that his public schedule for Friday would be canceled as a precaution.The king announced in February last year that he had been diagnosed with an undisclosed form of cancer, and he has been undergoing treatment since then. The palace did not specify the nature of the side effects, beyond saying they were temporary and “required a short period of observation in hospital.”Charles has…
Liberty Energy could emerge as a winner as data center power demand grows, according to Morgan Stanley. The bank upgraded the stock to overweight from equal weight. Its new price target of $25, up from $20, implies shares could gain 68% from Wednesday’s close. “LBRT is a way to play the data center/power demand growth theme at an undemanding price,” wrote analyst Daniel Katz. “Our colleagues have recently flagged expectations for a ~40GW power shortfall in meeting US data center demand alone by 2028, where LBRT’s [power generation services] biz could be part of the ‘time to power’ solution.” Katz said he…
The final trades of the day with the Fast Money traders. Source link
For economists, harbingers of a recession can include a slowdown in consumer spending and rising unemployment.For the chronically online, indicators can range from the perceived fall of fake eyelashes to more commercials for online colleges. Or, maybe, it’s a skin care company selling eggs.And for Sydney Brams, a Miami-based influencer and realtor, it’s a decline in prices on clothing resale platform Depop.”I was literally running to my parents and my boyfriend, and I’m like, ‘Look at this. Look, something is very wrong,'” Brams told CNBC after seeing some Depop sellers “come back to Earth,” as she described it. “I feel…
Investigators look over the scene at a Tesla Collision Center after an individual used incendiary devices to set several vehicles on fire on March 18, 2025 in Las Vegas, Nevada. Ethan Miller | Getty ImagesA Las Vegas man has been arrested on charges related to the Molotov cocktail arson attack on Tesla vehicles in that city on March 18, authorities said.The incident was one of the highest-profile acts of vandalism in a series of attacks on Tesla locations around the country related to company CEO Elon Musk’s role in the Trump administration heading DOGE, the effort to slash federal spending and…
A baseball season consists of 30 different soap operas, each lasting six months. Twelve of the clubs get to extend their runs for as long as another month. Only one ends in true happiness.The twists and turns for each team hinge on injuries, trades and fluctuations in performance, making the sport impossible to predict. Which is the beauty of it, the reason every season is so compelling. Baseball is many things. Rarely is it boring.Here are my top 12 storylines for 2025, concluding with my 39th Annual Dumb World Series Prediction™. Yes, I’ve been doing this that long. You’d think…
