People walk by a Claire’s store on December 11, 2024 in San Rafael, California.Justin Sullivan | Getty ImagesClaire’s is headed for a major makeover.The tween retailer, known for its ear piercing stations, jewelry and purple carpeting, declared bankruptcy in early August, the second time in seven years, citing nearly $500 million in debt and an increasingly competitive environment.Weeks later, private holding company Ames Watson announced it was buying up roughly 1,000 Claire’s stores across North America in a $140 million deal to rebuild the brand. The announcement paused the liquidation process at most Claire’s stores.”We went and started to do…
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Google CEO Sundar Pichai waves as he arrives to attend the Artificial Intelligence (AI) Action Summit at the Grand Palais in Paris, France, February 11, 2025. Benoit Tessier | ReutersGoogle long touted the need for factually accurate information on its platforms, but a letter submitted to Congress this week demonstrates how the tech company is shifting to prioritize “free expression.”The company’s YouTube division on Tuesday said it will soon allow accounts that were previously banned for spreading misinformation related to Covid-19 and the 2020 U.S. election to apply for reinstatement. The company made the announcement through the letter, which was…
In this photo illustration, the logo of Xiaomi’s XRing O1 chipset is seen on May 19, 2025 in Beijing, China. Xiaomi CEO Lei Jun announced on the evening of May 15 that the company’s self-developed smartphone SoC, XRING 01, will be officially launched in late May.Vcg | Visual China Group | Getty ImagesChinese technology giant Xiaomi is planning a new high-end chip for its smartphones, a top executive at the company told CNBC, but won’t release one on a yearly basis like rival Apple.Xu Fei, the vice president of Xiaomi, discussed the firm’s semiconductor ambitions, giving details about its roadmap…
Zohran Mamdani grabbed the national spotlight midyear when he won New York City’s Democratic mayoral primary, defeating former Gov. Andrew Cuomo. As the city prepares for the mayoral election in November, voters are closely watching the promises Mamdani is making to win support.One of Mamdani’s key campaign promises is the creation of city-owned grocery stores. “As Mayor, Zohran will create a network of city-owned grocery stores focused on keeping prices low, not making a profit,” his campaign website says. “Without having to pay rent or property taxes, they will reduce overhead and pass on savings to shoppers.”Mamdani’s proposal appears to be…
Following U.S. President Donald Trump’s approval of a deal that could keep TikTok alive in the U.S. on Thursday, China has remained conspicuously quiet — a notable silence as Beijing still can ultimately decide the app’s fate.Chinese state media remained silent about the deal, while social media discussion was limited. One state-affiliated Weibo account cited a Fudan University professor, who described the agreement as a “win-win” for both countries.During the signing of an executive order on the deal, Trump said that he had “gotten the go ahead” from Chinese President Xi Jinping.No representatives from ByteDance were present at the signing,…
Stocks listed in Europe were broadly higher on Friday, as investors assessed the latest trade policy announcements out of the White House.The pan-European Stoxx 600 index was up by 0.2% by around 10:00 a.m. London time (5 a.m. ET), with most sectors in positive territory.The Stoxx Europe 600 Healthcare index saw rocky trade in the morning, oscillating above and below the flatline. It was last seen trading 0.2% lower.Overnight, President Donald Trump announced that pharmaceutical imports to the U.S. would be hit with 100% tariffs from Oct. 1. Companies who built manufacturing facilities in America would be exempt, Trump said,…
Guillaume Pousaz, CEO and founder of payment platform Checkout.com, speaking at the annual Web Summit technology conference in Lisbon, Portugal, in 2022.Horacio Villalobos | Getty ImagesLONDON — Fintech unicorn Checkout.com is giving staff a way of cashing in their shares: buying them out.The London-headquartered payments platform said Friday that it plans to launch a share buyback initiative for employees to “provide them with a path to liquidity.”The share buyback program is based on a new internal valuation of $12 billion, Checkout.com said. Although internal, the valuation marks a significant drop from its last fundraising round.Checkout.com was valued at $40 billion…
A website is practically an essential part of running a business these days. You need a website to establish identity and credibility, to tell people exactly what you offer and how to contact you for services. The good news is that nowadays, you don’t need to hire a professional and pay thousands to build a business website; platforms like Squarespace make the process easier for people who don’t know how to code.Below, we review Squarespace as a website builder for small business owners. Read on to find out if Squarespace is right for you.SquarespaceInformation about Squarespace has been collected independently…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets : Stocks are moving lower on Wednesday, with the S & P 500 on pace of its third straight session of declines. Unprofitable speculative plays are facing the most selling pressure, in a sign that some frothiness is coming out of the market. Additionally, stocks linked to the artificial intelligence infrastructure buildout are mostly lower as the market begins to question how some of these ambitious data center projects will…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s “Fast Money” team discusses President Trump’s executive order approving a proposed deal that would keep TikTok alive in the U.S. with Brent Thill, senior technology analyst at Jefferies.02:50Thu, Sep 25 20255:32 PM EDT Source link
