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Shares of Samsung Electronics rose as much as 4.8% on Tuesday after the South Korean technology giant forecast record quarterly profit amid strong demand for artificial intelligence chips. Shares later pared gains to trade up 0.52%. In its preliminary earnings guidance, Samsung projected its operating profit for the January-March quarter to reach 57.2 trillion won […]
A version of this article first appeared in the CNBC Sport newsletter with Alex Sherman, which brings you the biggest news and exclusive interviews from the worlds of sports business and media. Sign up to receive future editions, straight to your inbox. As prediction market trading volume booms, Truist analysts say there could be an unlikely source […]
Will an AI bubble turn this bull market into rubble? The growing chorus of doomsayers predicting death and destruction is giving “artificial intelligence” a whole new meaning. Many believe AI stocks climbed too far, too fast – setting the stage for an imminent 2000-style collapse. But take a closer look: While market sentiment has clearly […]
Women’s soccer is becoming hugely popular, with fans breaking records in viewership and attendance, but unlike sponsors and investors, sportsbooks have yet to fully follow. As the industry continues to prove of interest to many, it’s providing sportsbook operators with the opportunity to thrive in a growing market, but are they slowly turning their attention to […]
Carly Xie looks over facial mask items at the Face Shop, which specializes in Korean cosmetics, in San Francisco, April 15, 2015. Avila Gonzalez | San Francisco Chronicle | Hearst Newspapers | Getty Images On a recent Saturday at an Ulta Beauty store in midtown Manhattan, Denise McCarthy, a mother in her 40s, stood in […]
Navan, the business travel, payments, and expense management startup, filed on Friday afternoon to go public. Its S-1 filing with the Securities and Exchange Commission indicates that the company plans to list on the Nasdaq Global Select Market under the symbol “NAVN.” Navan reported trailing 12-month revenue of $613 million (up 32%) across over 10,000 […]
With sports betting now legal and more accessible in many states across the U.S., we’re looking at how college towns are dealing with the growing industry. For some they have signed partnerships with sportsbook operators, while others are facing a ban on gambling advertisements around campus. As the industry has grown rapidly over the last […]
The artificial intelligence boom has turbocharged demand for electricity, and everyone who is anyone in the U.S. energy industry wants a piece of the action. The latest entrant is Chevron, the country’s second-largest oil and gas company, which sees opportunity in building natural gas-fueled power plants that will feed energy directly to data centers. Chevron […]
The number of Americans receiving psychotherapy increased by 30 percent during the pandemic, as virtual sessions replaced in-person appointments — but new research dampens the hope that technology will make mental health care more available to the neediest populations. In fact, the researchers found, the shift to teletherapy has exacerbated existing disparities. The increase in […]
Larry Ellison and Monica Seles and Bill Gates (back row) watch Carlos Alcaraz of Spain play against Alexander Zverev of Germany in their Quarterfinal match during the BNP Paribas Open in Indian Wells, California, on March 14, 2024. Clive Brunskill | Getty Images It’s been a good year for Larry Ellison. Oracle’s co-founder has gained […]
