This AI stock is surging after an ex-OpenAI employee’s fund disclosed a stake. Here’s why
Dutch cloud provider Nebius rose after an ex-OpenAI employee’s fund took a sizeable stake in the firm.
European stocks slide, but defense sector rallies after Ukraine ratifies $105 billion EU loan deal
European stocks finished Thursday lower as investors assessed news related to the Iran war and developments in Ukraine.
Mistral to explore designing own chips, CEO says, as it ramps up infrastructure build
Mistral’s semiconductor ambitions underscore the French startup’s bid to control more of its infrastructure as it competes with OpenAI and Anthropic.
Gold prices pare losses after U.S. inflation data
Gold trimmed losses Thursday after the release of U.S. April inflation data, but prices were still down for a third straight session.
Ousted BP chair Albert Manifold rejects ‘lies’ over his conduct
BP’s board on Tuesday announced the removal of Manifold due to “serious concerns” relating to governance standards, oversight and conduct.
Why the business of orbit is entering a new phase
Space is becoming a bigger part of everyday business, from communications and Earth observation to defense and predictive analytics. Voyager Technologies CEO Dylan Taylor and Muon Space President Gregory Smirin explain how cheaper launches, more satell…
CNBC Daily Open: Hostilities heat up, market rally cools
Stocks in Asia sink and oil prices rally as the U.S. and Iran trade fresh strikes and intercept drone attacks.
Silver could fall further after latest slump, analysts say as they warn of demand destruction
Silver’s rally of over 140% last year is deterring buyers in various industries and its elevated price levels are beginning to weigh on demand, UBS said.
‘King of Cashmere’ CEO on outperforming the luxury slowdown: Don’t be greedy
Brunello Cucinelli’s success is tied to its ethos of choosing long-term integrity over short-term margin chasing, CEO Riccardo Stefanelli told CNBC.
LG Energy Solution’s shares surge as much as 16% after landing major U.S. battery storage deal
The deal comes as the South Korean battery company expands its energy storage systems business in the U.S.
