(CNBC) Activist investor Nelson Peltz has sold his entire stake in Disney. Peltz sold all of his Disney stock at roughly $120 a share, making about $1 billion on the position. The stock currently trades for about $100 per share. To […]

(CNBC) American Airlines will slash its capacity growth in the second half of the year and consider a host of other changes to a sales strategy that backfired, CEO Robert Isom said Wednesday. The comments come a day after the carrier cut […]

(CNBC) Stock futures were little changed Tuesday night after the Nasdaq Composite rose to a fresh record. Futures tied to the Dow Jones Industrial Average inched lower by 54 points, or 0.1%. S&P 500 futures ticked down 0.07%, while Nasdaq […]

(CNBC) The International Monetary Fund on Wednesday raised its forecast for China’s growth this year to 5%, from 4.6% previously, due to “strong” first quarter figures and recent policy measures. The upgrade followed an IMF visit to China for a regular assessment. […]

(CNBC) Ryan Salame, a former top lieutenant of FTX founder Sam Bankman-Fried, has been sentenced to 90 months, or seven and a half years, in prison, followed by three years of supervised release. Salame has also been ordered to pay more than $6 […]

(CNBC) Hess Corporation shareholders on Tuesday approved the New York-headquartered oil company’s pending acquisition by Chevron for $53 billion, even as the timeline for when the deal may close has become increasingly murky with the companies locked in a dispute with Exxon Mobil. To […]

(CNBC) HubSpot shares rallied 8% on Tuesday after CNBC reported that Alphabet is looking at an all-stock offer for the software company. Reports of a potential deal first surfaced in early April, when Reuters published a story saying Alphabet was talking to advisors about […]

(CNBC) Semler Scientific, a little-known medical technology company, saw its shares surge Tuesday after it said it has adopted bitcoin as its primary treasury reserve asset, taking a page out of MicroStrategy’s playbook. The company, which develops products used in the detection […]

(CNBC) Jan Leike, one of the lead safety researchers at OpenAI who resigned from the artificial intelligence company earlier this month, said on Tuesday that he has joined rival AI startup Anthropic. Leike announced his resignation from OpenAI early on May 15, […]

(CNBC) Stock futures advanced Monday night as investors await inflation data due at the end of the shortened trading week for a better picture of the market’s outlook. Futures tied to the Dow Jones Industrial Average added 38 points, or […]

(CNBC) Five years ago, Nvidia CEO Jensen Huang owned a stake in his chipmaker worth roughly $3 billion. After Thursday’s rally, which pushed the stock to a record, his holdings now stand at more than $90 billion. Nvidia last week reported first-quarter earnings that […]

(CNBC) Elon Musk’s artificial intelligence startup xAI raised $6 billion in series B funding, reaching a post-money valuation of $24 billion as investors bet big on challengers to companies like OpenAI in the intensifying AI race. The funding round was backed by investors […]