Michael Dell courted Trump early. His company has reaped rewards
The dynamic is emblematic of how business is seeking to sow favor with the president in his second term, and has departed from the norms of big business philanthropy.
CNBC Daily Open: Tech earnings defy Iran strikes and inflation concerns
Global markets rally on the strength of tech and AI despite continued uncertainty in Middle East.
Stock futures are little changed as traders eye developments in Middle East: Live updates
Boosted by a rally in the tech sector, all three major averages rose to fresh closing highs on Thursday.
South Korea’s Kospi, Japan’s Topix hit record highs as investors shrug off Iran tensions
Asia-Pacific markets rose as investors shrugged off renewed Iran tensions against ceasefire optimism.
Nokia doesn’t make phones anymore. So how does it make billions?
Once the world’s dominant mobile phone maker, Nokia has rebuilt itself as a behind-the-scenes provider of the infrastructure that powers global connectivity. Today, the Finnish company generates billions in revenue not just from the equipment it sells …
Okta jumps 8%, tops first-quarter results on agentic AI demand
CEO Todd McKinnon said Okta is “playing a long game” on AI and is allocating more resources to agentic tools.
Anthropic tops OpenAI as most valuable AI startup, nears $1 trillion valuation in latest round
Anthropic is now the most valuable AI company in Silicon Valley after a new $65 billion funding round.
CFTC sues Rhode Island over actions against prediction markets
It marks the seventh state the commission has sued in a dispute over who has the right to regulate event contract platforms.
Core inflation hit an annual rate of 3.3% in April, as expected, Fed’s preferred gauge shows
The PCE price index for April was expected to show an annual inflation rate of 3.8% for all items and 3.3% for core.
Ferrari CEO defends $640,000 price tag for its first fully electric car
Ferrari CEO Benedetto Vigna on Thursday said the cost of the manufacturer’s new Luce model was a fair price to pay for innovation.
