A Honda sedan moves down the assembly line on Jan. 28, 2025 at the automaker’s assembly plant in Marysville, Ohio. Michael Wayland / CNBCGlobal automakers are once again bracing for production disruptions due to a potential shortage of automotive semiconductor chips, this time sparked by the Dutch government amid geopolitical tensions between the U.S. and China.Honda Motor became the first known automaker this week to reduce production due to the problem that involves chips from Netherlands supplier Nexperia, which is owned by Chinese company Wingtech Technology Co.The industry was hopeful that a meeting this week between President Donald Trump and Chinese…
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Corporate travel and expense management platform Navan fell by as much as 15% in its first trading day on the Nasdaq under the ticker symbol “NAVN” after its successful initial public offering.The Navan IPO, which priced on Wednesday night, valued the business-to-business software vendor at $6.2 billion, raising $923 million and with shares settling at the midpoint of its deal range, $25 per share. The valuation was roughly $3 billion less than where private investors last valued Navan in 2022 in a $300 million round.Launched by CEO Ariel Cohen and co-founder Ilan Twig in 2015, Navan set out to disrupt…
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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…
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…
