Former Milwaukee Bucks co-owner Marc Lasry said he doesn’t believe L.A. Clippers owner Steve Ballmer attempted to circumvent the NBA’s salary cap by working with a third-party company to surreptitiously pay superstar Kawhi Leonard in 2021 “It’s not something I would ever believe,” Lasry told CNBC in an exclusive interview. “I’ve known Steve a long…
Sebastian Siemiatkowski, chief executive officer and co-founder of Klarna Holding AB, center, and Michael Moritz, chairman of Klarna Bank AB, center right, during the company’s initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Sept. 10, 2025. Michael Nagle | Bloomberg | Getty Images Shares of Klarna…
Oracle CEO Safra Catz, center, speaks during a dinner at the White House in Washington on Sept. 4, 2025. Alex Wong | Getty Images Oracle shares spiked 27% in extended trading on Tuesday after the database software maker indicated hefty growth prospects due to new cloud contracts, even as earnings and revenue missed estimates. Here’s…
iPhone prices in focus Wall Street Journal tech columnist Joanna Stern said Apple’s launch event has to deliver for investors and consumers, but price stability will be a key point of focus. “In a world of tariffs, in this world of the economy, that’s pretty amazing for Tim Cook,” Stern told CNBC’s “Worldwide Exchange.” “So…
Nebius, which was spun out from Russian internet giant Yandex, provides graphics processing units or GPUs for training artificial intelligence models. Sopa Images | Lightrocket | Getty Images Artificial intelligence infrastructure firm Nebius Group soared in U.S. premarket trading on Tuesday, following the company’s announcement of a multi-billion-dollar deal with Microsoft. Nebius’ stock was up…
Mistral AI logo is displayed on a mobile phone screen. Anadolu | Getty Images Nvidia-backed Mistral AI clinched a 11.7 billion-euro ($13.8 billion) valuation in a in a Series C funding round that saw Dutch chip equipment maker ASML secure a major stake in the French firm. ASML pumped 1.3 billion euros in Mistral AI’s…
Rupert Murdoch’s son Lachlan Murdoch walks on the day of the hearing on the contentious matter of succession of Rupert Murdoch’s global television and publishing empire, in Reno, Nevada, U.S. Sept. 23, 2024. Fred Greaves | Reuters The Murdoch family reached a deal that will see Rupert Murdoch’s politically conservative son Lachlan Murdoch cement control…
The StubHub logo is seen at its headquarters in San Francisco. Andrej Sokolow | Picture Alliance | Getty Images StubHub is aiming to raise as much as $851 million in its initial public offering, giving it a valuation of up to $9.2 billion, the company revealed in a new filing on Monday. The ticket reselling…
The Sizewell A and B nuclear power stations, operated by Electricite de France SA (EDF), in Sizewell, UK, on Friday, Jan. 26, 2024. Photographer: Chris Ratcliffe/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images LONDON — Surging power demand has reignited interest in nuclear energy, but vast capital requirements and an uncertain political and…
As Klarna gears up for its highly-anticipated initial public offering, investors will be closely scrutinizing the fintech firm’s bid to rebrand itself as an all-encompassing digital bank. The Swedish payments group has become synonymous with the buy now, pay later (BNPL) model, which allows people to split purchases into interest-free installments. However, in recent months…
