Search results for CNBC
AI & Enterprise
Robinhood CEO says crypto future depends on tokenising real-world assets
Robinhood CEO Vlad Tenev said growth in the cryptocurrency industry depends on putting real-world assets on-chain. In a CNBC interview, he said the future of crypto lies in real-world assets and that assets not tied to underlying utility are not productive. Robinhood launched its Stock Token service, letting eligible users trade tokenised stocks 24 hours a day, and plans to use them as collateral across DeFi.
Telecommunications & Media
Amazon steps up challenge to Starlink after Leo satellite fleet passes 390 ahead of year-end service
Amazon has increased the number of low-Earth orbit satellites for its Leo internet network to more than 390 after launching 29 additional satellites. The company said the current fleet is sufficient to support continuous service across initial latitude bands and plans to start initial service by the end of this year. Amazon aims to build a constellation of about 7,700 satellites, but launch-vehicle shortages and delays have slowed progress.
AI & Enterprise
Trump bought Apple, Nvidia and other big tech stocks after tariff-driven market drop, disclosure shows
U.S. President Donald Trump bought large amounts of major tech stocks including Apple, Nvidia and Microsoft after a tariff-driven market selloff in April 2025, CNBC reported after reviewing his annual financial disclosure. The filing shows 327 stock purchases on April 8. The White House said his assets are held in a fully discretionary account managed by an independent third-party institution. The disclosure also lists 2025 revenue of $2.24 billion from various sources.
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AI & Enterprise
Amazon hardware chief says app and screen era will fade, outlines on-device AI chip strategy
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AI & Enterprise
Dan Ives to leave Wedbush after 8 years to set up new financial firm
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AI & Enterprise
Palantir CEO says firms should shift to open-weight models instead of wasting tokens
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AI & Enterprise
Magnificent 7 market value down $2.3 trillion in June as AI investment doubts grow
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AI & Enterprise
Anthropic launches in-house AI drug discovery program to target neglected diseases
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Crypto
UAE exchange MidChains CEO says sovereign wealth funds accumulating spot bitcoin
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Industry
GE Vernova gas turbines sold out through 2029 amid surging AI power demand
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Crypto
Bitcoin $40,000 and XRP $0.55 warning lights as altcoin slide risk grows
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Crypto
Legendary investor Jeremy Grantham says bitcoin will fade away
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AI & Enterprise
OpenAI limits initial release of new AI models to trusted partners at U.S. government\'s request
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Finance
SoftBank shares tumble more than 12 percent on Apple shock; Samsung, SK Hynix slide
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Industry
Micron shares surge 700 percent in a year; memory rally not over, shortage to last beyond 2027
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AI & Enterprise
Qualcomm unveils AI data centre CPU, secures Meta as first major customer
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Finance
SpaceX shares down more than 30 percent from peak
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Finance
SpaceX IPO creates billionaires beyond Elon Musk