Immad Akhund, CEO and co-founder of the startup Mercury. Courtesy: Mercury Technologies Mercury, a fintech firm that provides banking services to startups, has raised $200 million in funding at a $5.2 billion valuation, CNBC has learned exclusively. That valuation is 49% higher than the San Francisco-based company’s previous funding round just 14 months ago, bucking…
CHONGQING, China — China’s Commerce Ministry on Wednesday confirmed an agreement to purchase 200 Boeing aircraft, as well as engines and spare parts. A Commerce Ministry official said aviation was key to deepening cooperation between China and the U.S. “In accordance with the important consensus reached by the Chinese and U.S. leaders, China’s aviation industry…
Check out the companies making the biggest moves premarket: Lowe’s — Shares slipped almost 2% after despite the company slightly beating estimates for earnings and revenue in its first-quarter financial report. While the company reaffirmed its full-year guidance, it acknowledged a challenging macro housing market backdrop. Toll Brothers — The homebuilder added 3% after reporting…
An Alibaba logo is displayed at the company’s booth at China International Fair for Trade in Services (CIFTIS) in Beijing, China, Sept. 10, 2025. Maxim Shemetov | Reuters CHONGQING, China — Alibaba announced Wednesday its new artificial intelligence chip would be three times as powerful as its predecessor, as rival Nvidia struggles to get its…
The Federal Reserve logo is seen on the William McChesney Martin Jr. Building on Sept. 16, 2025 in Washington, DC. Kevin Dietsch | Getty Images While President Donald Trump made his pick for chair of the Federal Reserve with interest rate cuts in mind, his appointee may preside over the first rate hikes since 2023. …
22V Research sees levels for bond yields and oil prices that could throw cold water on the bull market — and the firm is warning that they’re not too far off. Dennis DeBusschere, chief market strategist at the firm, said investors he surveyed expect the 10-year U.S. Treasury yield rising to 5% or oil prices…
A contrarian signal just flashed and is warning traders that it could be time to get out of the stock market, or at least limit exposure. Investors are flooding out of cash to buy stocks, with collective cash levels dropping to 3.9% of portfolios, from 4.3%, according to a widely-followed survey of fund managers from…
Check out the companies making headlines before the bell: Home Depot — The home improvement retailer gained 0.6% after the company reported sales and profit beat expectations. Earnings of $3.43 per share, on an adjusted basis, exceeded the $3.41 per share analysts polled by LSEG were expecting. Revenue of $41.77 billion came in above the…
Standard Chartered on Tuesday announced it would cut more than 15% of its corporate functions roles by 2030, while setting higher medium-term profitability targets. The workforce reduction is part of the lender’s efforts to raise income per employee by aroun 20% by 2028, StanChart said. According to its 2025 annual report, corporate function roles include employees in human…
A netizen is using a computer and smartphone to view the NVIDIA logo and webpage in Suqian City, Jiangsu Province, China on April 29, 2026. Cfoto | Future Publishing | Getty Images All eyes are on Nvidia, the world’s most valuable company and artificial intelligence trade darling, as it is set to report fiscal first-quarter…
