U.S. President Donald Trump sits next to Crypto czar David Sacks at the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025.Evelyn Hockstein | ReutersPresident Donald Trump’s top crypto and AI advisor David Sacks said Wednesday that the administration expects the stablecoin legislation moving through the Senate to pass with “significant bipartisan support,” and claimed it could unlock demand for U.S. Treasuries.”We already have over $200 billion in stablecoins — it’s just unregulated,” Sacks told CNBC’s “Closing Bell Overtime.” “If we provide the legal clarity and legal framework for this, I think we could…
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Nike shoes are seen in the King of Prussia Mall, as global markets brace for a hit to trade and growth caused by U.S. President Donald Trump’s decision to impose import tariffs on dozens of countries, in King of Prussia, Pennsylvania, U.S., April 3, 2025. Rachel Wisniewski | ReutersNike will resume selling its products directly to Amazon in the U.S. for the first time since 2019, CNBC has confirmed.The sneaker giant stopped selling its goods wholesale on Amazon six years ago as part of a push to distribute more directly to customers and have greater control over the shopping experience. At…
A few attractive tech plays are ripe for the picking according to Eva Ados, chief investment strategist at ERShares. Ados joined CNBC’s ” Power Lunch ” on Wednesday to give her bullish take on a handful of stocks, including Tesla and Robinhood . Tesla Ados remains optimistic on Tesla’s growth story. Tesla shares have surged nearly 47% over the past month amid a comeback in tech stocks and revived enthusiasm for driverless technology and robotics. CEO Elon Musk on Tuesday also promised to lead the company for the next five years as questions swirled around the amount of time he’s…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Hinge Health’s TrueMotion feature.Courtesy: Hinge HealthHinge Health priced its IPO at $32 per share on Wednesday, at the top end of the expected range.The digital physical therapy startup sold 8.52 million shares in the offering, raising about $273 million. The total offering was for 13.7 million shares, with the balance being sold by existing shareholders.Hinge, founded in 2014, will trade on the New York Stock Exchange under the ticker symbol “HNGE.” The company filed its initial prospectus in March and updated the document earlier this month with an expected pricing range of $28 to $32.The company uses software to help patients treat…
Apple CEO Tim Cook (L) and Apple chief design officer Jony Ive (R) look at the new Mac Pro during the 2019 Apple Worldwide Developer Conference (WWDC) at the San Jose Convention Center on June 03, 2019 in San Jose, California.Justin Sullivan | Getty ImagesBefore Jony Ive left Apple in 2019, no major Apple hardware launch was complete without a video highlighting the product’s physical design, narrated by Ive’s gentle British accent. He became a touchstone in Silicon Valley for great hardware because of his role in the creation of the iPhone and Apple Watch.On Wednesday, Ive returned to the…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, Bitcoin sets a new record price. Plus, the SEC files charges against the crypto firm Unicoin and its top executives for alleged fraud. And, Eric Chen, co-founder of Injective, reacts to bitcoin’s new record and provides his outlook for the cryptocurrency. Source link
Check out the companies making headlines after the bell : Zoom Communications — The video conferencing company saw shares rising about 1% in extended trading after the firm shared its annual revenue forecast. The company now sees fiscal 2026 revenue between $4.80 billion and $4.81 billion, compared to analyst expectation of $4.79 billion, according to FactSet. Zoom also posted higher-than-expected adjusted earnings for the last quarter. Snowflake — The cloud-based data storage company’s stock surged more than 6% in after-hours trading after the company reported a solid first quarter. Adjusted earnings of 24 cents per share beat an LSEG estimate…
Elon Musk listens as reporters ask U.S. President Donald Trump and South Africa President Cyril Ramaphosa questions during a press availability in the Oval Office at the White House on May 21, 2025 in Washington, DC. Chip Somodevilla | Getty ImagesSen. Jeanne Shaheen urged President Donald Trump on Wednesday to require billionaire Elon Musk and special government employees of his DOGE project to certify before leaving government service that they cannot use for personal benefit any non-public government data they gained access to.Shaheen, D-N.H., in a letter to Trump, noted that the Tesla CEO Musk and DOGE employees have “unprecedented”…
The artificial intelligence boom has sent energy demand soaring. Some of the supercomputers sucking up all that power are helping to find new energy sources.Fusion energy is the process of forcing two hydrogen atoms to combine and form one helium atom, which releases huge amounts of power. It uses a stellarator, a type of fusion reactor invented in the 1950’s that produces heat. Until now, the technology was too difficult to deploy commercially.But this old concept has brand new potential. Type One Energy, a startup based in Tennessee, claims to have proven that fusion energy will be able to produce electricity…
