AMC completes $250 million stock sale during meme rally, shares jump 30%
AMC shares soared following news of the sale and was paused for volatility at one point.
European stocks close slightly higher as investors digest U.S. inflation data; Delivery Hero up 26%
European stocks closed slightly higher on Tuesday as global investors reacted to the latest U.S. inflation data.
Alibaba shares fall 6% after the Chinese tech giant posts 86% drop in profit
Alibaba posted a beat on revenue in its fiscal fourth quarter ended in March, but the Chinese e-commerce giant’s net profit plunged.
These are the 2024 CNBC Disruptor 50 companies: See the full list of startups riding the AI wave
CNBC reveals the 2024 Disruptor 50 list, AI-driven startups moving beyond the ‘better, faster, cheaper’ mantra that defined Silicon Valley’s past.
‘Frankly stupid’: Fund manager weighs in on reignited meme stock frenzy as GameStop soars
Cole Smead, CEO of Smead Capital Management, told CNBC that it was “frankly stupid” that day traders were piling once again into GameStop and other meme stocks.
Fintech firm Klarna says 90% of its employees are using generative AI daily
“Buy now, pay later” firm Klarna says generative AI has seen substantially high adoption among its 5,000-strong workforce.
Diamond giant De Beers faces spin-off amid wider restructuring as Anglo American takeover pressure mounts
Anglo American shares fell over 3% early Tuesday after it announced plans to spin off its highly prized De Beers diamond business.
Tencent posts fastest profit growth in 3 years as online ads, business services offset slower gaming
Tencent saw slightly better performance in its core gaming business as well as improved profitability in its advertising and business services division.
U.S. orders Chinese-backed crypto miner to sell land near nuclear missile base
The White House has issued an order forcing a Chinese-backed cryptocurrency mining company to sell land near a Wyoming-based nuclear missile base.
Apple supplier Foxconn’s first-quarter profit jumps 72% but misses forecasts
Apple supplier Foxconn reported a 72% rise in first-quarter profit, boosted by strong demand for AI servers and coming off a low base from a year earlier.
