Author: Editor-In-Chief
MicroStrategy Chairman and CEO Michael Saylor pauses during his speech at the Bitcoin 2022 Conference at the Miami Beach Convention Center on April 7, 2022 in Miami, Florida. Marco Bello | Getty Imagesmichael saylor’s strategy Last week, I sold my Bitcoin for the second time in history, as geopolitical uncertainty continues to weigh on Bitcoin prices and the overall cryptocurrency market.Strategy sold 32 coins for $2.5 million between May 26 and May 31, at an average price of $77,135 per coin, according to Monday’s filing. The company also sold 801,994 shares of its common stock during the period, raising $128.3…
President Donald Trump dismissed the possibility of peace talks with Iran collapsing on Monday, telling CNBC, “Honestly, I don’t care if they end.””I really don’t care. I can’t really care,” Trump told CNBC’s Eamon Javers in a phone interview at noon Monday, adding that he thought the drawn-out talks were “starting to get very boring.” President Trump was asked about reports that Iranian negotiators have suspended communications with the United States and that Iran is moving to “completely close” the Strait of Hormuz because of Israel’s military operation against the Iranian-backed militia Hezbollah in Lebanon.“When it’s over, it’s over… To…
Anthropic, the AI lab behind Claude, has confidentially filed for an initial public offering, the company said in a blog post on Monday. The company, which has a market capitalization of nearly $1 trillion, has filed a draft registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering. Anthropic has not yet listed any number of shares or set a price. Anthropic said the proposed initial public offering is subject to market conditions and other factors. The filing comes less than a week after Anthropic raised $65 billion in a Series H funding round, pushing…
Shoppers enter and exit Dior’s luxury boutique in Venice, Italy, on November 16, 2025.Michael Nguyen/NurPhoto via Getty ImagesThe retail industry emerged from a turbulent first quarter relatively unscathed, with larger-than-usual tax refunds and increased buy-now-pay-later usage likely contributing to the boost in spending.Wall Street is looking ahead to the second quarter, which could provide a clearer picture of the health of consumers and how high gas prices and persistent inflation are disrupting the economy and straining already strained household budgets. “Once we get through April and May, we don’t really see the impact of tax refunds anymore. That month was…
Magouik talks about SaaSpocalypse and says companies not using AI are at riskStock chart iconStock chart iconOracle’s year-to-date stock price chart.Software stocks have been sold off this year as concerns grow that artificial intelligence tools will significantly disrupt companies’ business models. Magwirk dismissed those concerns, telling CNBC’s Faber that while Oracle is leveraging AI for profit, companies that don’t adopt the technology are at great risk of disruption. “I think there is a risk if we don’t use technology to make our products better,” he said. “The good thing is that at Oracle, our customer base and existing technology is…
Drivers in Russian-controlled Crimea were struggling with gasoline rationing on Monday after Ukrainian drone strikes restricted road supplies across southeastern Ukraine, Reuters witnesses and officials said. More than four years after the 2022 invasion of Ukraine, Russia faces near-daily attacks on its oil infrastructure by Ukraine as Western sanctions drive up the cost of oil exports. Crimea’s Moscow-backed governor, Sergei Aksyonov, said restrictions have been imposed on the sale of the most commonly used gasoline, Ai-95, and fuel coupons must be used for purchases. In Sevastopol, Crimea’s largest city and the traditional base of Russia’s Black Sea Fleet, long lines…
Traders work on the floor of the New York Stock Exchange on July 8, 2025 in New York City. Michael M. Santiago | Getty ImagesTensions between the United States and Iran rose on Monday, with U.S. Treasury yields rising, further clouding the outlook for a deal to end the conflict.of 10 year treasury Yields, a key benchmark for mortgages, auto loans and credit card debt, rose more than 5 basis points to 4.504%.yield of 2 years treasury The note, which often moves in response to short-term Federal Reserve interest rate decisions, rose more than 6 basis points to 4.076%.of 30…
In this illustrated photo, the Anthropic logo is displayed on a smartphone, with the Claude mythological logo displayed in the background. Sopa Images | Light Rocket | Getty Imageshuman The company is sharing access to its cutting-edge AI model, Mythos, with the EU after the bloc sought access for months over cybersecurity concerns. The European Commission confirmed to CNBC on Monday that it had “several productive meetings” with U.S. AI companies.”We welcome the latest developments regarding possible future access,” Thomas Renier, the EU’s technology sovereignty spokesperson, said in an emailed statement, adding that the EU aims to gain a clearer…
An Iranian man drives past a billboard depicting US President Donald Trump and the Strait of Hormuz on May 28, 2026 in Tehran’s Variasr Square. – | AFP | Getty ImagesIranian state news agency Tasnim reported on Monday that Iranian negotiators had stopped exchanging messages with the United States through intermediaries and that Tehran would move to completely close the Strait of Hormuz in retaliation for continued ceasefire violations.The report, translated and posted on the social media site Telegram, focused on Israel’s military operations against the Iranian-backed militia Hezbollah in Lebanon.According to Tasnim news agency, “there will be no dialogue”…
Reuters — London police have announced that more than 20 officers responsible for protecting the royal family have been placed on restricted duty after some officers were accused of falling asleep and leaving their posts at Windsor Castle. London Police announced that a total of 23 officers from the Crown and Specialist Protection Forces had been issued misconduct notices, with 21 of them on restricted duty. This follows what the force described as an urgent investigation launched last month. A spokesperson for the force said: “This behavior falls short of the high standards expected of police officers, particularly in front-line…