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Today News

09

CNBC Daily Open: Nasdaq record, Tesla future value?

www.cnbc.com

Elon Musk made yet another bold prediction: Tesla, he claimed, could eventually be worth half the value of the S&P 500 — a staggering $25 trillion.

06

Sources: activist fund Starboard Value has taken a ~$500M stake in Autodesk and spoken to its board over concerns regarding a probe that led to its CFO's ouster (Rohan Goswami/CNBC)

www.techmeme.com

Sources: activist fund Starboard Value has taken a ~$500M stake in Autodesk and spoken to its board over concerns regarding a probe that led to its CFO's ouster — Starboard Value, the activist fund run by Jeff Smith, has taken a sizable…

04

CNBC Daily Open: Nasdaq record, $25 trillion Tesla?

www.cnbc.com

Nasdaq extends winning streak, Microsoft delays AI tracker after backlash and G7 confronts China's economic clout and Russia aid.

Sunday, Jun 16

23

GOTCHA! Authorities Nab Accused Assailant, Police Rescue Stabbing Victim At CNBC HQ Lot

dailyvoice.com

UPDATE: Authorities captured a man who stabbed a woman in the parking lot of CNBC corporate headquarters in Englewood Cliffs, Bergen County Prosecutor Mark Musella announced.

Friday, Jun 14

00

Tempus AI's shares closed up 8.8% at $40.25 in the company's Nasdaq debut, giving it a market value of about $6.6B, after raising $410.7M in its IPO (Riley de León/CNBC)

www.techmeme.com

Tempus AI's shares closed up 8.8% at $40.25 in the company's Nasdaq debut, giving it a market value of about $6.6B, after raising $410.7M in its IPO — WATCH NOW — Tempus AI, a health-care diagnostics company that uses AI to interpret…

17

CEOs Tell CNBC Trump Was ‘Meandering, Could Not Keep A Straight Thought’

www.forbes.com

Executives who went into the meeting leaning toward Trump “walked out of the room less predisposed to him.”

15

Qualcomm, Caterpillar, Starbucks And A Basic Materials Stock: CNBC's 'Final Trades'

www.benzinga.com

Jim Lebenthal of Cerity Partners picked QUALCOMM Incorporated (NASDAQ:QCOM) on CNBC's “Halftime Report Final Trades.”

09

CNBC Daily Open: Mega money Musk, Kitty's stake grows

www.cnbc.com

Tesla shareholders voted to ratify CEO Elon Musk's 2018 pay plan at the annual meeting, despite a Delaware judge ordering its rescission five months earlier.

Thursday, Jun 13

23

Adobe Q2: revenue up 10% YoY to $5.31B, vs. $5.29B est., Digital Media revenue up 11% to $3.91B, Digital Experience revenue up 9%; ADBE jumps 14%+ after hours (Jordan Novet/CNBC)

www.techmeme.com

Adobe Q2: revenue up 10% YoY to $5.31B, vs. $5.29B est., Digital Media revenue up 11% to $3.91B, Digital Experience revenue up 9%; ADBE jumps 14%+ after hours — Adobe shares jumped 17% in extended trading on Thursday after the design…

19

CNBC's Inside India newsletter: IPO boom looks to break new records

www.cnbc.com

India had a flood of listings in 2023, which hit a nine-year high of 238 with $7.35 billion raised. Could 2024 set a new record?

18

Donald Trump met ~12 bitcoin mining executives, and posted that he wants "all the remaining Bitcoin to be made in the USA" to help the US be "energy dominant" (MacKenzie Sigalos/CNBC)

www.techmeme.com

Donald Trump met ~12 bitcoin mining executives, and posted that he wants “all the remaining Bitcoin to be made in the USA” to help the US be “energy dominant” — This past Tuesday night in Palm Beach, Florida, about a dozen bitcoin mining…

15

Datadog, Uber, S&P Global And More: CNBC's 'Final Trades'

www.benzinga.com

Joseph M. Terranova of Virtus Investment Partners picked Datadog, Inc. (NASDAQ:DDOG) as his final trade on the Thursday edition of CNBC's “Halftime Report Final Trades.”

09

CNBC Daily Open: Fed signals just one rate cut

www.cnbc.com

The Fed expects to cut rates only once this year, down from the three quarter-point reductions projected after slow progress towards its inflation target.

05

Databricks tells investors its annualized revenue is expected to reach $2.4B through July 2024, or the first half of its FY 2025, up 60% from a year earlier (Jordan Novet/CNBC)

www.techmeme.com

Databricks tells investors its annualized revenue is expected to reach $2.4B through July 2024, or the first half of its FY 2025, up 60% from a year earlier — Databricks, the data analytics software vendor that's among the most richly…

Wednesday, Jun 12

16

Uber, Apple, Meta And More: CNBC's 'Final Trades'

www.benzinga.com

Uber Technologies, Inc. (NYSE:UBER) is Altimeter CEO Brad Gerstner‘s stock pick on the latest edition of CNBC's “Halftime Report Final Trades.”

09

CNBC Daily Open: Apple shares pop, Musk drops OpenAI lawsuit

www.cnbc.com

Apple's shares rose to a record high a day after it announced its push into artificial intelligence after partnering up with OpenAI.

Tuesday, Jun 11

00

Elon Musk withdraws his lawsuit against OpenAI, Sam Altman, and Greg Brockman, filed in California in February 2024 over breach of contract and fiduciary duty (Hayden Field/CNBC)

www.techmeme.com

Elon Musk withdraws his lawsuit against OpenAI, Sam Altman, and Greg Brockman, filed in California in February 2024 over breach of contract and fiduciary duty — Elon Musk on Tuesday withdrew his lawsuit against OpenAI and two of the…

23

Oracle reports Q4 revenue up 3% YoY to $14.29B, vs. $14.55B est., net income down 5% to $3.14B, announces deals with Google and OpenAI; ORCL jumps 7%+ (Jordan Novet/CNBC)

www.techmeme.com

Oracle reports Q4 revenue up 3% YoY to $14.29B, vs. $14.55B est., net income down 5% to $3.14B, announces deals with Google and OpenAI; ORCL jumps 7%+ — Oracle shares jumped as much as 9% in extended trading on Tuesday after the software…

22

Current and former OpenAI staff are increasingly worried about the company's power over their equity, with no IPO in sight, restrictive company policies, more (Hayden Field/CNBC)

www.techmeme.com

Current and former OpenAI staff are increasingly worried about the company's power over their equity, with no IPO in sight, restrictive company policies, more — OpenAI plans to allow stakeholders to sell a portion of their shares every…

16

Amazon, Natera And A Financial Stock: CNBC's 'Final Trades'

www.benzinga.com

On CNBC's “Halftime Report Final Trades,” Joshua Brown of Ritholtz Wealth Management expects Amazon.com, Inc. (NASDAQ:AMZN) to go higher.