Author: Editor-In-Chief

Canada – 2025/08/07: In this illustrated photo, the SoftBank Group (SoftBank) logo is displayed on the smartphone screen. (Photo illustration: Thomas Fuller/SOPA Images/LightRocket, Getty Images)Sopa Images | Light Rocket | Getty Imagesshares of Softbank Group It fell more than 11% after U.S. markets tumbled overnight on the back of increased profit-taking in the tech sector. Other Asian tech giants: TSMC and foxconnStock prices also fell.The Japanese investment giant recently overtook Toyota Motor Corp. to become the country’s most valuable company, but SoftBank’s high-risk bet on AI has market concerns, even as investor enthusiasm for the new technology has seen its…

Karl-Anthony Towns #32 of the New York Knicks celebrates during the third quarter of Game 4 of the NBA Eastern Conference Finals against the Cleveland Cavaliers at Rocket Arena on May 25, 2026 in Cleveland, Ohio. Jason Miller | Getty ImagesCarsi relies on Wednesday Knicks games and New York City bars to show off his hedging strategy for the masses.A local bar on New York City’s Upper East Side is promising customers they’ll pay everyone’s bill if the Knicks win their first game against the Spurs. Because of hedges, we are able to deliver on that bold promise. The bar,…

The BlueSky logo will appear on your phone’s screen and its icon will appear behind it.Anadolu | Anadolu | Getty ImagesBluesky, a social media platform born within Twitter, rose to prominence as a rival to the network after Elon Musk acquired the company and rebranded it to X.But now, two years after its launch, the site only has about 10% of X’s estimated global users. Rose Wang, Bluesky’s chief operating officer, told CNBC that the site’s future lies not in competing with X, but in drawing inspiration from online community forums. reddit.”The world is changing rapidly, and we’re not trying…

SCOTTSDALE, Ariz. — For Honeywell Aerospace CEO Jim Currier, it’s time to show investors what his company can do as a standalone business. “We have a dedicated management team that is focused on just one strategy, one mission, as opposed to the different missions of a conglomerate,” Currier told CNBC at his company’s investor day.When Honeywell Aerospace officially separates from its parent company later this month, it will aggressively advance its advantages in a host of technologies, including avionics, engine control systems, and the nose-to-tail of commercial aircraft, business jets, and military aircraft.It is expected to accelerate growth. As a…

This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Happy Thursday. It was a big night for the Knicks, and for a New York City bar that used prediction markets to hedge against customer taboos.S&P 500 futures are down this morning. Major indexes continue to have declining days.Here are five important things investors need to know to start their trading day.1. Continuous recording stoppedOn Monday, April 6, 2026, a television station broadcast a press conference by US President Donald Trump on the floor of the New York Stock Exchange (NYSE) in New York, USA. Michael…

Marjane Satrapi, a French-Iranian artist, author, women’s rights activist, and illustrator of the graphic novel memoir Persepolis, has died at the age of 56. A statement from the Elysée Palace announcing her death on Thursday praised Ms. Satrapi’s work as having “captivated audiences around the world.” The Elysée Palace said: “Her death marks the death of a leading figure in French culture and an artist deeply committed to freedom. Her works conveyed a universal message and received tremendous international acclaim.” Ms. Satrapi was born in Rasht, Iran, on November 22, 1969, and is best known for her 2000 best-selling graphic…

Broadcom CEO Hock Tan speaks at the Digital X event in Cologne, Germany on September 13, 2022.Ying Tan | Null Photo | Getty Imagesbroadcom reported lower-than-expected earnings in its second quarter earnings report. Shares fell in after-hours trading, falling further after CEO Hock Tan failed to raise the company’s full-year target for artificial intelligence chip sales of $100 billion. Here’s a comparison of chipmaker results and LSEG’s consensus estimates:Earnings per share: Adjusted $2.44 ($2.40 est.) Revenue: $22.19 billion ($22.27 billion est.)Broadcom said in a statement that revenue increased 48% from $15 billion in the same period last year. Sales have…

Printed circuit boards sit beneath nearly every chip and are required in nearly every electronic device. These are a quiet but important part of the burgeoning artificial intelligence market, and are increasingly problematic for the United States. Nvidia etc. are made in China. Circuit boards provide all sorts of opportunities for adversaries to slip past malicious components. The vulnerability has raised serious national security concerns, prompting the Pentagon to require most purchases to come from dwindling domestic factories. “Chips, boards and PCBs present multiple vectors of attack for potential malicious actors,” Mike Cadenazzi, the U.S. assistant secretary of the Army…

The U.S. House of Representatives has voted to uphold President Donald Trump’s measure to end the war against Iran, as the conflict enters its fourth month and the two sides remain at loggerheads in peace negotiations.Wednesday’s vote marks the first successful effort by lawmakers to force the United States to end a conflict whose devastating effects have grown from the deaths of thousands of civilians to the disruption of global trade.Recommended stories list of 4 itemsend of listIt also comes as opposition to the conflict has grown significantly within President Trump’s Republican base, both because of the impact on the…

cloud strike After the bell on Wednesday, the company narrowly beat Wall Street’s first-quarter financial estimates, but the stock fell 10% on the report.Here’s how the company performed against LSEG’s estimates:Earnings per share: $1.10 adjusted vs. $1.07 expected Revenue: $1.39 billion vs. $1.36 billion expectedThe cybersecurity company said its revenue was up 26% compared to a year ago. Net income was approximately $27.8 million, or 11 cents per share. This widened from last year’s net loss of $104.3 million, or a loss of 42 cents per share. CrowdStrike also announced a 4-for-1 stock split in July. The stock closed Wednesday…