Venture capitalist Chamath Palihapitiya.Mark Kauzlarich/Bloomberg via Getty ImagesChamath Palihapitiya, once dubbed Wall Street’s “SPAC King,” is back with a new blank-check vehicle and a promise to do better after a bruising track record.Palihapitiya on Monday launched the American Exceptionalism Acquisition Corp. A (AEXA), a $345 million SPAC that he said was more than five times oversubscribed, drawing $1.4 billion in demand. The vehicle, which will trade on the New York Stock Exchange, is designed to target companies in AI, energy, defense and decentralized finance.”These are areas where I believe American entrepreneurship can still lead the world, and where a disciplined,…
Author: usaeverydaylife
Rental company Hertz said Tuesday it is updating its online shopping website to allow customers to secure financing, get a trade-in offer and do just about everything else a buyer would need to purchase a vehicle.The move is a significant step for Hertz’s online retail presence. Previously, the company’s HertzCarSales.com website had only offered listings of vehicles. Most of the purchasing process happened at Hertz’s retail locations, of which there are 45 in the United States.”Our new e-commerce platform marks a major step forward in modernizing how we serve our customers with a seamless journey from browsing to ownership,” said…
Michael Intrator, Chief Executive Officer of CoreWeave Inc., speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Sept. 22, 2025. Jeenah Moon | ReutersShares of CoreWeave popped more than 8% in premarket trading on Tuesday after that the company announced it has agreed to provide Meta with $14.2 billion of artificial intelligence computing infrastructure. A representative for CoreWeave confirmed the deal on Tuesday. Meta did not immediately respond to CNBC’s request for comment.”They loved our infrastructure in earlier contracts and came back for more,” CoreWeave CEO Michael Intrator…
House Speaker Mike Johnson (R-LA) accompanied by Vice President J.D. Vance, Senate Majority Leader John Thune (R-SD), and Office of Management and Budget Director Russ Vought, speaks during a press conference following a meeting between President Trump and Congressional Democratic leaders on funding the government, in Washington, DC on September 29, 2025.Nathan Posner | Anadolu | Getty ImagesHouse Speaker Mike Johnson on Tuesday blasted Democrats for holding out against passing a stopgap funding bill that would avoid a shutdown of the U.S. government at the end of the day.”They “need to come to their senses here, and do the right…
Check out the companies making the biggest moves in premarket trading: Firefly Aerospace — The space technology company’s stock fell 10% after one of its rocket boosters exploded during preflight testing at its Texas facility. Firefly Aerospace said no other facilities were affected and it is assessing the impact of the explosion. Wolfspeed — The semiconductor components maker’s stock jumped 18%, one day after surging almost 1,700%. Wolfspeed said Monday it successfully completed a financial restructuring and emerged from Chapter 11 protection. Progress Software — The maker of AI-powered infrastructure software earned third quarter adjusted earnings of $1.50 a share…
Celsius is likely to see more upside as its original and acquired beverage lines gain traction across markets, according to Morgan Stanley. The investment bank upgraded Celsius to overweight from equal weight. It raised its price target to $70 from $61 per share, implying 23% upside from Monday’s close. “We see another leg up in CELH driven by a greater than expected reacceleration in topline growth with Alani’s transition to PEP and improving Celsius growth,” analyst Eric Serotta said Tuesday in a note to clients. CELH YTD mountain Celsius year to date Serotta noted that the energy drink company’s original…
CNBC is now accepting nominations for the 2026 Changemakers list that features women transforming business and philanthropy, who have accomplished a meaningful achievement in 2025. With a community of 100 women who we’ve named to our 2024 and 2025 lists thriving and innovating across industries, it’s more important than ever to highlight the women defying odds. Just like the women on our first two Changemakers lists, for this upcoming list we’re looking for women who are taking novel approaches to old business problems and identifying new business opportunities. Our Changemakers community has continued to reach new milestones, with a number of…
An Amazon device is displayed at an Amazon Devices launch event in New York City on Feb. 26, 2025.Brendan McDermid | ReutersAmazon is hosting a launch event on Tuesday where it’s expected to unveil significant updates to its devices lineup.The event is slated to kick off at 10 a.m. ET and will feature announcements from Panos Panay, who oversees Amazon’s sprawling devices and services business.Invites sent to the media and analysts earlier this month showed what appeared to be an Echo smart speaker, Fire TV, Ring doorbell button and a Kindle e-reader, suggesting what could be in store at the…
Deep within the bowels of JPMorgan Chase’s data centers and cloud providers, an artificial intelligence program crucial to the bank’s aspirations grows more powerful by the week.The program, called LLM Suite, is a portal created by the bank to harness large language models from the world’s leading AI startups. It currently uses models from OpenAI and Anthropic.Every eight weeks, LLM Suite is updated as the bank feeds it more from the vast databases and software applications of its major businesses, giving the platform more abilities, Derek Waldron, JPMorgan chief data analytics officer, told CNBC in an exclusive interview.”The broad vision…
Nvidia is poised for further upside as it ramps up initiatives to improve AI infrastructure, including new products and partnerships, according to Citi. The investment bank, which has a buy rating on shares, raised its price target for Nvidia to $210 from $200, implying 15.5% upside from Monday’s close. “While we await further details on the recent $100B OpenAI investment, we walked away incrementally positive on the company’s roadmap and competitive positioning post Rubin CPX GPU launch,” Citi analyst Atif Malik said Tuesday in a note to clients. “We model Oct/Jan[1]Qs sales $54B/$62B and adjust CY26/27 estimates +1%/+10% to align…
