Steph Curry’s Gentleman’s Cut bourbon.Courtesy: Gentleman’s CutSteph Curry is one of the greatest basketball players ever, and judging by his company’s financials, he’s off to a pretty good start in the business world.Curry is the CEO of Thirty Ink, a house-of-brands conglomerate that owns companies including Unanimous Media, Gentleman’s Cut bourbon and Underrated Golf and Basketball. CNBC Sport profiled the company in “Curry Inc.: The Business of Stephen Curry,” a production centered on Curry’s career and business ambitions.Thirty Ink generated $173.5 million in revenue in 2024, the company told CNBC Sport. The highest percentage of that revenue comes from its partnership…
Author: usaeverydaylife
Dev Ittycheria, CEO of MongoDBAdam Jeffery | CNBCMongoDB shares surged 15% after the software company surpassed fiscal first-quarter earnings expectations and raised its outlook, citing growing confidence in its cloud-based database service.Revenues hit $549 million during the period, jumping 22% from more than $450 million in the year-ago period. That topped a $528 million estimate from analysts polled by LSEG. Adjusted earnings per share reached $1.00, surpassing the 66 cents per share projected by analysts.”We are confident in our position to drive profitable growth as we benefit from this next wave of application development,” said CEO and president Dev Ittycheria…
It’s been more than 25 years since Nintendo held a console launch where Edwin Flores wasn’t among the first in line. The avid gamer was at the Times Square Toys”R”Us for the launch of the GameCube in 2001, and has been there at midnight to be among the first in the world to get his hands on the Wii in 2006, Wii U in 2012, Nintendo Switch in 2017 and its OLED upgrade in 2021. “You have to live this,” the 50-year-old told CNBC Make It outside Nintendo’s global flagship store in New York City on Wednesday morning.”When you’re in a place…
In a cautionary tale about exceeding one’s limits (and ignoring the cautionary warnings of one’s father), in Greek mythology, Icarus, son of Daedalus, perished after flying too close to the sun, melting the wax that held the feathers on the wings his father had made him. Of course the authors of the story would not have known that in real life the temperature hazards Icarus would have faced are sub-freezing temperatures, not heat as the air is considerably colder at altitude; minus 40 to minus 70 degrees Fahrenheit at the cruising altitude of a commercial jet let alone the harsh…
What is the true cost of tariffs? It’s debatable — not only because of political biases, but also because it’s far from straightforward to calculate just how much of the levies consumers end up paying.Even so, it’s possible to estimate how much the price of common items could increase under President Donald Trump’s various tariff proposals. For products like clothing imported from China and Vietnam, U.S. shoppers could have to pay a lot more.To illustrate, retail consultancy group AlixPartners created pricing models exclusively for CNBC, looking at the price of a men’s sweater and men’s shoes made in both China and…
President Donald Trump held a phone call with China President Xi Jinping, Chinese media outlet Xinhua reported Thursday.The call was initiated by Trump, Beijing’s Ministry of Foreign Affairs said in a subsequent statement.The White House did not immediately respond to CNBC’s request for comment on the report.U.S. stock futures rose on news of the call.Trump has reportedly been eager to speak with Xi, as strained trade relations between the two countries frayed further in the past week.Chinese President Xi Jinping and U.S. President Donald Trump.Dan Kitwoodnicholas Kamm | Afp | Getty ImagesWhile Washington and Beijing temporarily lowered tariffs on each…
Shoppers carry bags on Market Street in San Francisco, California, US, on Wednesday, Nov. 13, 2024.David Paul Morris | Bloomberg | Getty Images Based on payrolls processing firm ADP’s jobs report and the U.S. Federal Reserve “Beige Book,” the United States economy appears to be slowing. The number of private sector jobs created in May rose by a mere 37,000, almost three times lower than the Dow Jones forecast. And the Fed report noted that “economic activity has declined slightly since the previous report” released April 23.The ADP report, however, isn’t always aligned with the Labor Department’s jobs report, which…
Two graduate students research chemical products in a laboratory in Xiwangzhuang Town, Zaozhuang City, Shandong province of China, on Dec. 26, 2023.Nurphoto | Nurphoto | Getty ImagesBEIJING — For all the attention on U.S.-China competition in artificial intelligence, new studies point to China’s rapid rise in biotechnology, especially for drug and agricultural development.Out of five critical tech sectors, “China has the most immediate opportunity to overtake the United States in biotechnology,” the Harvard Belfer Center for Science and International Affairs said Thursday in its release of a “Critical and Emerging Technologies Index,” covering AI, biotech, semiconductors, space and quantum.While the…
Here are the biggest calls on Wall Street on Thursday: Daiwa reiterates Nvidia as outperform Daiwa raised its price target on the stock to $165 per share from $115. “Since the Nvidia moment when they raised DC [data center] guidance to $10b from $4b in May 2023, we have seen many big rallies and then pauses. We are back in a rally phase given good quarterly growth and the same expectation for 2025.” Read more here. Bank of America reiterates Nvidia as a top pick Bank of America said the stock remains a top pick following a meeting with company…
Check out the companies making headlines in premarket trading. Circle Internet Group — The stablecoin issuer priced its upsized, $1 billion initial public offering at $31 a share, above an expected range of $27-$28 and an initial range last week of $24 to $26, giving Circle a total market value of some $7 billion. Five Below — The budget retailer climbed 7% on strong first-quarter earnings and upbeat guidance for current-quarter revenue. Five Below earned 86 cents per share, excluding items, on $971 million in revenue in the latest quarter, higher than analysts’ estimate of 82 cents a share and…
