Buyout firm L Catterton approaches Mattel with acquisition offer, Reuters sources say
Mattel shares jumped 20% to $19.49 following the Reuters report of the approach, giving the toy maker a market value of $6.5 billion.
UK planned to spend 10 billion pounds on Rwanda asylum scheme, minister says
Britain’s previous government had planned to spend $12.9 billion on deporting asylum seekers to Rwanda, Home Secretary Yvette Cooper said on Monday.
CrowdStrike shares tumble as fallout from global tech outage continues
A faulty CrowdStrike software update was still impacting computers on Monday. The incident could hurt signings, Guggenheim Securities analysts warned.
Nvidia preparing version of new flagship AI chip for Chinese market, Reuters reports
Nvidia will work with Inspur, one of its major distributor partners in China, on the launch and distribution of the chip which is tentatively named the “B20.”
CNBC takes a tour of Ferrari’s new e-building
CNBC gained exclusive access to Ferrari’s HQ in Maranello, Italy, to explore the company’s new ventures into electrification. — Charlotte Reed, Vivi Vitalone, Ed Matthews and Itunu Olowookere contributed to this report.
Ryanair shares tumble 17.2% as budget airline reports 46% fall in quarterly profit, sees lower fares
Ryanair shares slid after the company said its quarterly profit after tax had fallen 46% and fares will be lower than expected in the summer months.
Here’s why China was largely unaffected by Friday’s IT outage
While businesses in the U.S. and Europe woke up Friday to a global IT outage that disrupted airports and hotels, China went into its weekend largely unaffected.
Majority of pledged Democratic delegates endorse Harris after massive fundraising day
Kamala Harris is raising hundreds of millions and scoring key endorsements since Joe Biden dropped out.
CNBC Daily Open: Biden drops out, endorses Harris
Biden ends reelection bid and backs Harris. S&P 500 and Nasdaq post biggest weekly loss. CrowdStrike failure.
Delta cancels hundreds more flights in struggle to recover from Microsoft outage
Delta is struggling to recover from a global IT outage even as its competitors have largely returned to normal operations.
