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Thursday, January 2, 2025

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Chinese IPOs in the U.S. and Hong Kong are set to increase next year, analysts say

Chinese autonomous driving company WeRide listed on the Nasdaq on Friday, Oct. 25, 2024.China News Service | China News Service | Getty ImagesBEIJING...

JPMorgan begins suing customers who allegedly stole thousands of dollars in ‘infinite money glitch’

JPMorgan Chase has begun suing customers who allegedly stole thousands of dollars from ATMs by taking advantage of a technical glitch that allowed...

Bret Taylor’s AI startup Sierra raises funding at $4.5 billion valuation

Artificial intelligence startup Sierra, co-founded by ex-Salesforce co-CEO Bret Taylor, is more than quadrupling its valuation to $4.5 billion in a fresh funding...

Immersive entertainment company Cosm lands rights to broadcast NFL games

Cosm currently has two locations in Los Angeles and Dallas, Texas but plans but is planning on expanding to additional locations in the...

Abercrombie ex-CEO Mike Jeffries pleads not guilty in sex crimes case

Former CEO of Abercrombie and Fitch, Mike Jeffries, walks out of federal court after his arraignment on charges with the trafficking of male...

This is why David Einhorn thinks Peloton could be worth five times what it is now

David Enhorn pitches Peloton at the Robin Hood Investors Conference.Getty Images (L) | CNBC (R)Greenlight Capital's David Einhorn thinks Peloton could trade as...

Chart analyst Carter Worth breaks down his most important technical indicator

There are many technical indicators for traders to choose from. For Carter Worth, there is one that stands out above all others: volume."A...

Judge blocks Coach owner Tapestry’s proposed acquisition of Michael Kors parent Capri

Coach and Michael Kors.Michael M. Santiago | Eduardo Parra | Europa Press | Getty ImagesA federal judge blocked Tapestry's acquisition of Capri on...

Behind the scenes with the team of ex-prosecutors fighting Amazon’s counterfeit problem

In 2018, police showed up at a nondescript industrial warehouse in New York's Brooklyn Navy Yard to investigate reported counterfeits. Federal agents were looking...

Yum Brands and Burger King pull onions from select restaurants after McDonald’s E. coli outbreak

A sign is posted in front of a Taco Bell restaurant in Richmond, California, on May 1, 2024.Justin Sullivan | Getty ImagesBurger King...

Chinese smartphone maker Oppo doubles down on AI, says in regular talks with Google and Microsoft

Chinese smartphone company Oppo ranks second in mainland China, and fourth worldwide, according to Canalys.Nurphoto | Nurphoto | Getty ImagesBEIJING — Chinese smartphone...

Mattel, Hasbro lower guidance ahead of holiday season

Shoppers at a Walmart store on Black Friday in Secaucus, New Jersey, on Nov. 24, 2023.Victor J. Blue | Bloomberg | Getty ImagesMattel...

Apple and Goldman Sachs ordered to pay more than $89 million for Apple Card failures

Apple CEO Tim Cook introduces the Apple Card during a launch event at the Apple headquarters in Cupertino, California, on March 25, 2019.Noah...

AI on the trading floor: Morgan Stanley expands OpenAI-powered chatbot tools to Wall Street division

Morgan Stanley is expanding the use of OpenAI-powered, generative artificial intelligence tools to its vaunted investment banking and trading division, CNBC has learned.The...

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