Anthropic is in talks to raise between $3 billion and $5 billion in a funding round led by Iconiq Capital that would value the artificial intelligence startup at $170 billion, CNBC has confirmed.The OpenAI competitor has been reeling in billions of dollars at a rapidly increasing valuation reflecting investors’ thirst for a piece in the fastest growing AI companies. In March, Anthropic closed a $3.5 billion round at a $61.5 billion, led by Lightspeed Venture Partners. Bloomberg was first to report on the latest talks, which CNBC confirmed with a person familiar with the matter who asked not to be…
Author: usaeverydaylife
Royal Caribbean raised its full-year guidance Tuesday on the back of strong cruise bookings.The company now expects 2025 earnings of between of $15.41 and $15.55 per share on an adjusted basis, up from prior EPS guidance of $14.55 to $15.55.CEO Jason Liberty noted traveler preferences are evolving, saying more people are choosing to vacation more frequently and are opting for experience-driven travel. Royal Caribbean said 75% of consumers report they plan to spend the same amount or more on leisure travel over the next 12 months.”Our experiences are designed to meet these evolving expectations,” Liberty said.Royal Caribbean reported growth in…
Apple could be set to release an entirely new iPhone design as part of its lineup in the second half of next year, according to JPMorgan. “With the upgrades to the iPhone 17 series to be released this fall expected to be fairly limited, investor focus has already turned to the 2026 fall launches with Apple expected to launch its first foldable iPhone as part of the iPhone 18 lineup in September 2026, featuring a book-style fold similar to Samsung’s Galaxy Z Fold series,” analyst Samik Chatterjee wrote on Tuesday. The new foldable iPhone is expected to feature a 7.8-inch…
Citi is an advertising partner.There’s a new premium credit card on the market and CNBC Select has everything you need to know.Recently, Citi announced the all-new Citi Strata Elite℠ Card, focused on travel and dining benefits. We think the $595 Strata Elite stands out most for its handful of statement credits and high 12X rewards rate on hotels, car rentals and attractions booked on cititravel.com. A big plus, cardholders can also transfer their points to American Airlines.In its recent announcement, Citi has also rebranded the Citi Rewards+ Card (no longer available) to the Citi Strata℠ Card. This no-annual-fee credit card…
A potential extension of a tariff pause between the United States and China will not be agreed to until President Donald Trump signs off on the plan, U.S. negotiators said Tuesday.Trump “has final say on all the trade deals” and the pending tariff truce, Treasury Secretary Scott Bessent told CNBC’s Eamon Javers.The remarks came after top trade officials for the two countries concluded talks in Stockholm, Sweden, their third round of high-level discussions since May.”We’re going to head back to Washington, D.C. We’re going to talk to the president about whether that’s something that he wants so do,” U.S. Trade…
United Airline flight attendants picketed outside Terminal B at Logan Airport Thursday morning seeking a new contract.John Tlumacki | Boston Globe | Getty ImagesUnited Airlines flight attendants voted down a new labor contract that called for immediate raises of at least 26% and other quality-of-life improvements, their union said Tuesday.The flight attendants’ last raise was in 2020. Their union, the Association of Flight Attendants-CWA, and the airline had reached a tentative agreement in May.U.S. flight attendants have pushed for wage increases for years. Flight attendants at other airlines, pilots and and other work groups secured new labor deals in the wake…
Starbucks is slated to release fiscal third-quarter results after the stock market’s closing bell Tuesday, and most analysts are adopting a sentiment somewhere between apprehension and cautious optimism as the coffee giant tries to right the ship. An LSEG survey shows analysts, on average, anticipate that the coffee chain will earn 65 cents per share, or a slump of 30% from a year ago. On the other hand, Starbucks’ expected revenue of $9.31 billion could mark year-over-year growth of 2.1%. Starbucks disappointed investors in its fiscal second quarter as adjusted earnings of 41 cents per share on revenue of $8.76…
Even with home sales at a historic low, prices continue to rise — adding hundreds of dollars to monthly payments so far in 2025.In June, the median price for an existing home in the U.S. reached a record high of $435,300, according to the National Association of Realtors. That’s up 2% from a year ago and marks the 24th straight month of annual price growth.While more homes are being built, “multiple years of undersupply are driving the record high home price,” says Lawrence Yun, NAR’s chief economist, in a blog post about the data. “Home construction continues to lag population…
Nikesh Arora, CEO of Palo Alto Networks, looks on during the closing bell at the Nasdaq Market in New York City, U.S., March 25, 2025. Jeenah Moon | ReutersCyberArk shares soared as much as 18% on Tuesday after The Wall Street Journal reported that cybersecurity provider Palo Alto Networks has held discussions to buy the identity management software maker for over $20 billion.Cloud security is becoming an increasingly critical piece of the enterprise tech stack, especially as rapid advancements in artificial intelligence bring with them a whole new set of threats, and as ransomware attacks become more commonplace.Founded in 2005,…
A Gucci logo is displayed at their store on May 30, 2025 in Washington, DC.Kevin Carter | Getty Images News | Getty ImagesGucci-owner Kering on Tuesday posted worse-than-feared second-quarter results and flagged ongoing geopolitical uncertainty as woes persist at the beleaguered luxury group.Sales at the high-end fashion house dropped 15% year-on-year on a comparable basis to 3.7 billion euros ($4.27 billion), compared to the the 3.96 billion euros forecast by LSEG analysts.Gucci sales, which typically make up nearly half of total group revenues, plunged 25% over the quarter to 1.46 billion euros.Chairman and CEO François-Henri Pinault acknowledged the results as disappointing,…
