Pictured here is Moonshot AI’s Kimi chatbot displayed on a smartphone. Bloomberg | Bloomberg | Getty Images BEIJING — An Alibaba-backed AI startup is currently being valued at $4.8 billion in a fresh funding round, two people with knowledge of the deal said, just weeks after it was valued at $4.3 billion. Moonshot AI is the…
The Tether (USDT) stablecoin logo. Costfoto | Nurphoto | Getty Images Amid the U.S. military intervention in Venezuela, locals rushed to secure their savings by converting their bolívares to dollar-pegged digital tokens called USDT. The timing of the attack may have been surprising to some, but Venezuelans subsequent embrace of stablecoins wasn’t. From the Middle…
The poster child for China’s electric car boom is also an underappreciated leader in batteries. That’s the latest call from Bernstein, whose analysts this week reiterated an outperform rating on Hong Kong-traded shares of Chinese automaker BYD . BYD is the second-largest battery manufacturer in the world measured by electric vehicle installations — shipping 70%…
Jamie Dimon, Chairman and CEO, JPMorganChase, speaks during the Reagan National Defense Forum at the Ronald Reagan Presidential Library in Simi Valley, California, U.S. December 6, 2025. Jonathan Alcorn | Reuters President Donald Trump on Saturday threatened to sue JPMorgan Chase over allegedly “debanking” him following the Jan. 6, 2021, riot at the U.S. Capitol….
Artificial intelligence is no longer a narrow technology trade. It is reshaping energy markets, infrastructure spending, and portfolio construction. Investors who focus only on chips and software risk missing where the next phase of value is occurring, according to investing experts on this week’s episode of CNBC’s “ETF Edge.” Some of the trends and innovations…
Check out some of the companies making headlines in midday trading: Novo Nordisk — The maker of the Wegovy obesity treatment jumped more than 4% as sales of its oral weight loss treatment got off to a strong start. In the first week of its launch, about 1.3% of Wegovy prescriptions were for the oral…
Check out the companies making headlines before the bell. ImmunityBio — The biotech company jumped 13%, adding to a 30% rally in the previous session sparked by strong guidance for its bladder cancer drug Anktiva. ImmunityBio expects full-year revenue for the drug to jump 700%. Worthington Steel — The Columbus, Ohio-based maker of hot- and…
Kevin Hassett, director of the National Economic Council, speaks to members of the media outside the White House in Washington, DC, US, on Friday, Oct. 24, 2025. Francis Chung | Bloomberg | Getty Images White House economic advisor Kevin Hassett said Friday that large U.S. banks could voluntarily provide credit cards to underserved Americans as…
Check out the companies making headlines before the bell. Trip.com — The company’s stock plunged 16% after Reuters reported that Chinese market regulators are investigating the travel website. Netflix — Shares rose more than 1%. Netflix is preparing an all-cash $72 billion bid for Warner Bros. Discovery’s studios and HBO Max, CNBC’s David Farber confirmed…
President Donald Trump called Sen. Elizabeth Warren, D-Mass., on Monday to work together on capping interest rates on credit cards. “He said he wanted to work on that, I said, ‘Great, let’s get something done,’” Warren, the Senate Banking Committee ranking member, said on Wednesday in an interview on CNBC’s “Squawk Box.” Trump called Warren…
