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World’s largest sovereign wealth fund posts $110 billion in first-quarter profit as tech stocks surge
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Amazon Reports $143.3 Billion in Revenue for First Quarter of 2024
The company also reported that profit more than tripled, to $10.4 billion, topping Wall Street expectations.The New York Times - Tech -
Founder of Binance, World's Largest Crypto Firm, Sentenced to Four Months
Changpeng Zhao’s sentence was lighter than prosecutors had requested and the culmination of a multiyear U.S. investigation into crypto exchange Binance.The Wall Street Journal - World - Crypto -
Founder of Binance, World's Largest Crypto Firm, Sentenced to Four Months
Changpeng Zhao’s sentence was lighter than prosecutors had requested and the culmination of a multiyear U.S. investigation into crypto exchange Binance.The Wall Street Journal - World - Crypto -
Amazon Prime ads help tech giant drive profits
The tech giant did better than expected in many areas of its business.BBC News - Top stories - Amazon -
Cannabis stocks surge as Biden administration moves to reclassify marijuana
Stocks linked to cannabis surged on an otherwise down day for the market.CNBC - Business - Joe Biden -
Mercedes-Benz Posts Profit Beat Despite Lower Car Sales
Mercedes-Benz reported lower profit and revenue for the first quarter fell on fewer cars sales and supply-chain bottlenecks but confirmed its guidance for the year.The Wall Street Journal - Business -
China signaled a new campaign to rekindle flagging growth, a fresh sign of rising angst at the top of China's government over the prospects for the world's second-largest economy.
China signaled a new campaign to rekindle flagging growth, a fresh sign of rising angst at the top of China’s government over the prospects for the world’s second-largest economy.The Wall Street Journal - World - China -
AMD says it will sell $4 billion in AI chips this year; stock drops on in-line forecast
AMD sells AI chips that compete with Nvidia, but it makes most of its money from PC chips.CNBC - Business -
Donald Trump is $1.8 billion richer after getting DJT stock bonus
Trump's ownership stake in Trump Media & Technology group now stands at $5.7 billion, buoyed by a rise in the stock's price.CBS News - Top stories - Donald Trump -
NFL Power Rankings: Bengals, Jets rise with Joe Burrow, Aaron Rodgers back; stagnant Cowboys drop from top 10
Pete Prisco leans into the healthy return of two star QBs in his post-draft rankingsCBS Sports - Sports - NFL
More from CNBC
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Amazon cost cuts drive operating margin into double digits for first time
Amazon's operating margin jumped past 10%, topping a prior high of 8.2% in 2021.CNBC - Business -
AMD says it will sell $4 billion in AI chips this year; stock drops on in-line forecast
AMD sells AI chips that compete with Nvidia, but it makes most of its money from PC chips.CNBC - Business -
Trump Media insider trading trial begins with co-founder testifying, 'I've never been paid at all'
Trump Media announced plans to merge with a shell company in late 2021. The legal fallout from the deal is playing out in multiple courtrooms.CNBC - Business - Donald Trump -
Starbucks shares sink 12% as coffee chain slashes 2024 forecast amid same-store sales drag
Across all regions, Starbucks reported shrinking same-store sales and falling traffic.CNBC - Business -
Binance co-founder Zhao set to keep on growing his $33 billion fortune even as he heads to prison for four months
Binance founder Changpeng Zhao expected to see his $33 billion personal fortune continue to climb while he's in prison.CNBC - Business