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November 19, 2025, Shanghai, China: A boat passes through downtown Shanghai along the Huangpu River. The tallest building on the skyline is the Shanghai Tower (back). Bernd von Utrzenka | Picture Alliance | Getty ImagesAsia-Pacific markets were mostly higher on Wednesday, continuing their gains even as concerns about AI and weak economic data spooked U.S. investors. The December U.S. retail sales report showed flat consumer spending, falling short of the 0.4% month-on-month increase expected by economists surveyed by Dow Jones. In Asia, investors are evaluating the latest data coming out of China. The country’s consumer price index rose 0.2% year-on-year…
When Sam Blond left his job as a VC at Founders Fund a year ago, just 18 months after joining the company, he told the world that being a VC wasn’t for him and he was “going back to management.” On Wednesday, he officially brought his new startup, Monaco, out of stealth. The company was co-founded by his brother, Brian Blond, also a former sales professional turned VC. (Brian is a partner at Human Capital and previously worked at Sutter Hill.) The brothers were joined by two other co-founders, Abhishek Viswanathan (formerly CPO at Apollo and Qualtrics) and Murray Desai…
lift CEO David Risher defended the company’s fourth-quarter results Wednesday, telling CNBC that consumer demand remains strong. “We achieved record profits and generated more than $1 billion in cash, which is the result of a customer-focused strategy that continues to work and continue to grow the company,” he told CNBC’s “Squawk Box.” “So please like what we see. We don’t pander to the consumer side at all.”Shares fell 15% Wednesday after passenger numbers missed Wall Street expectations.The ride-sharing company reported 29.2 million active passengers in the quarter, lower than the 29.5 million expected by analysts. A total of 243.5 million…
Stellan Skarsgard, Sentimental ValueThe veteran Swedish star, known for Good Will Hunting, Mamma Mia!, Thor, The Girl with the Dragon Tattoo, Dune, Chernobyl, Andor, and a brooding indie film with Lars von Trier, has never had “Oscar nominee” on his resume. Skarsgard, 74, said the praise he’s been getting for his supporting role in Joaquin Trier’s Sentimental Value as Gustav Borg, a respected director who wants to make a film about his family after the death of his ex-wife, was happily unexpected, much to the dismay of his estranged daughters. In particular, the father of eight thought he would never…
Stocks @ Night is a daily newsletter delivered after hours, giving you the first information about tomorrow and the last information about today. Sign up for free to receive it straight to your inbox. As concerns about artificial intelligence weigh on the S&P 500 index, here’s what CNBC television producers have been watching and what they’re eyeing to trade next. Employment statistics for January will be released later on Wednesday morning. A survey of economists conducted by Dow Jones estimates that 55,000 jobs will be created. The Squawk Box displays numbers and market reaction as of 8:30 a.m. ET. Nick…
At least nine engineers, including two co-founders, have publicly announced their departure from xAI in the past week. However, two of them appear to have left the company a few weeks ago. Neither xAI nor Elon Musk have publicly commented on their departure. Attrition is common in startups, but co-founders leaving are not that common. The fact that more than half of xAI’s founding team left and was replaced by several employees within days has increased scrutiny of the company’s stability. Three of the departing staff members say they will start something new with other former xAI engineers, but details…
Two men are scheduled to appear in court following a dramatic armed robbery involving an armored security truck on a motorway in Italy on Monday. Masked gangsters attacked vehicles with Kalashnikov rifles and stole the cars of students as they tried to flee, ending in a shootout with Italian police Carabinieri. The group, made up of at least six people, fired several shots at the Carabinieri, wounding one police officer. Italy’s Defense Minister Guido Crocet described the incident as a “bloody incident with a gunfight, and the absolute priority is to protect the communities endangered by the madness of the…
La Liga leaders Barcelona will clash with Atletico Madrid in the Copa del Rey semi-final first leg, everything you need to know.listen to this article | 5 minutesinformationWho: Atletico Madrid vs BarcelonaContent: Copa del Rey semi-finalsLocation: Metropolitano Stadium, Madrid, SpainWhen: Thursday 9pm (20:00 GMT)How to follow: Al Jazeera Sports has live text and photo coverage of the Copa del Rey semi-finals.Spanish soccer giants Atlético and Barcelona will clash in Madrid on Thursday for a place in the Copa del Rey final.This match is the opening semi-final of the tournament. The return match will take place on March 4th at Barcelona’s…
Traders at work at the New York Stock Exchange on February 10, 2026. new york stock exchange What can’t artificial intelligence claim to do today? Technology platform Altruist on Tuesday unveiled a tool that helps users perform tax planning (an act more complex than quantum physics, as we all know) within “minutes.” Financial stocks were spooked by the claims, as investors worried that AI tools could displace, or at least devalue, existing advisory firms and banking names. LPL Financial lost 8.3%; charles schwab down 7.4%, morgan stanley It fell 2.4%.Investor sentiment worsened due to weak US economic data. Seasonally adjusted…
Hangzhou, China – June 14, 2024 – A guest walks past the logo of the 2024 Dassault Systèmes Automotive and Transportation Industry Summit Forum in Hangzhou, Zhejiang Province, China on June 14, 2024. (Photo credit: CFOTO/Future Publishing via Getty Images)Photo | Future Publishing | Getty ImagesStock price of French software giant Dassault Systèmes Shares plunged as much as 21% in early trading Wednesday, on track for their worst trading day on record. By 9:30 a.m., Paris-listed shares were trading about 18% lower, escaping deep losses after trading in London was suspended due to the crisis. Stock chart iconStock chart iconDassault…