Los Angeles Mayor Karen Bass (L) and Los Angeles mayoral candidate Spencer Pratt. Los Angeles Times | Getty Images Los Angeles voters are heading to the polls Tuesday to elect their next mayor, a race that has put all eyes on the nation’s second-largest city. But if no one reaches more than 50% of the…
A few months after taking over from Warren Buffett , Greg Abel is making it clear he intends to put Berkshire Hathaway ‘s cash hoard to work. In the span of just a few days, Berkshire committed nearly $17 billion across two major transactions, agreeing to acquire homebuilder Taylor Morrison Home for $6.8 billion, excluding…
Goldman Sachs CEO David Solomon said Tuesday that investors have shifted decisively into “greed” mode as markets are poised to test an unprecedented fundraising wave for giant artificial intelligence firms. Asked by CNBC’s Leslie Picker whether markets could support a string of massive equity offerings from the upcoming IPOs of OpenAI, Anthropic and SpaceX, Solomon…
A Polymarket advertisement in a subway station in New York, US, on Thursday, Feb. 5, 2026. Michael Nagle | Bloomberg | Getty Images Prediction market platform Polymarket has completed its first block trade on an artificial intelligence compute infrastructure-related contract, the company shared exclusively with CNBC. The six-figure transaction was between FalconX, a digital asset…
Check out the companies making headlines before the bell: Marvell Technology — Shares surged 25% after Nvidia CEO Jensen Huang said Marvell could be the next trillion dollar company . Hewlett Packard Enterprise — The information technology stock surged 25% after Hewlett Packard posted current-quarter earnings and revenue guidance that topped analysts’ estimates. The company…
Greg Abel, CEO of Berkshire Hathaway, meets with shareholders at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 1, 2026. David A. Grogan | CNBC Greg Abel‘s first major acquisition as Berkshire Hathaway CEO looks a lot like the kind of deal Warren Buffett would have made himself. Berkshire’s $6.8 billion purchase…
These are the stocks posting the largest moves midday. Source link
A Kalshi sign reading “Trade on what will JD Vance say at his speech?” the Bitcoin 2025 conference in Las Vegas, Nevada, US, on Tuesday, May 27, 2025. Bridget Bennett | Bloomberg | Getty Images Prediction market platform Kalshi processed more than $17 billion in various trading contracts in May, a record amount up more…
U.S. President Donald Trump speaks in the Oval Office, with Vice President JD Vance and Secretary of State Marco Rubio standing behind him, at the White House in Washington, D.C., U.S., April 23, 2026. Kylie Cooper | Reuters Secretary of State Marco Rubio is seen as increasingly likely to be the GOP nominee in 2028,…
Check out the companies making the biggest moves premarket: Nvidia , Microsoft — The hyperscalers were rising after Nvidia, in a collaboration with Microsoft, revealed a new processor for personal computers . Nvidia was up 2%, while Microsoft was rising nearly 4% in premarket trading. Dell , HP , Arm — Derivatives of Nvidia’s computer…
