Citigroup, Bank of America, Berkshire Hathaway And A Cybersecurity Stock On CNBC’s ‘Final Trades’
Citigroup posted better-than-expected earnings for its first quarter. Cerity Partners' Jim Lebenthal picked the bank as his final trade.
Figma Sets $12.5B Valuation in New Equity Offering, Falling Short of Adobe’s Acquisition Offer
Figma announces tender offer for investors to sell shares at $12.5B valuation, marking 25% increase from 2021. Deal falls short of Adobe's $20B offer.
Nvidia Faces New Competition as Qualcomm and Ampere Launch AI-Focused Server
Arm-based chips from Qualcomm and Ampere are being used in a new AI server for efficient inferencing. This partnership aims to compete with Nvidia.
Thieves Are Stealing Copper Cables From Tesla Charging Stations Amid Sky-High Prices For Vital Metal
The latest incident reportedly occurred on Mother's Day when nine charging stations behind a Vallejo Target store were vandalized
Alibaba Boosts E-Commerce Edge with AI, Despite Shrinking Market Share
Alibaba Group uses AI to stay competitive in Chinese e-commerce market. Wenwen chatbot gives personalized recommendations. Net profit up, stock down.
Waste Management Mulls $3B Sale Of RNG Business: Report
Waste Management is seeking to sell its renewable natural gas business for about $3 billion. The company is working with JPMorgan to gauge interest from potential buyers.
Disney Following Netflix’s Footsteps Out Of App Stores? Bob Iger Demands Better Deals From Apple, Google
Iger expressed his dissatisfaction with the current revenue-sharing model at the MoffettNathanson-hosted conference. He pointed out that Disney is losing a significant portion of its earnings to the Big Tech app stores that distribute its streaming services, such as Disney+ and Hulu.
Tesla Eyes Chinese Data Center To Boost Autonomous Driving Tech: Report
Tesla, led by Elon Musk, is reportedly eyes a data center in China to enhance its self-driving technology. This move aligns with their strategy to locally process data for the Full Self-Driving (FSD) system, reflecting a shift to secure local processing capabilities and adapt to the competitive EV market. The initiative underscores Tesla's focus on leveraging Chinese data for AI development amid U.S. tech transfer restrictions.
Tesla’s German Factory Expansion Gets Local Council’s Nod Despite Protests
However, the company also needs approvals from local environmental authorities before it can start its expansion efforts.
Equinor Reportedly Scores Final Permit, Empire Wind 1 To Blast Off In 2026
Equinor received approval to build Empire Wind 1 offshore wind farm, expected to contribute to NY's goal of 9,000 MW of offshore wind power by 2035.