Nominate a fintech or insurtech company

Online banking businessman using smartphone with Icon Fintech and Blockchain concept Sarinyapinngam | Istock | Getty Images For a second year, CNBC and independent research firm Statista are working together to identify the world’s top fintech companies, to be named in a published CNBC report this July. Nominations are now open for the top global … Read more

Taiwan shares hit record highs on AI boom with more room to rally

High-rise buildings sprawl out across the Taiwanese capital Taipei. Ratima Sritangwong | EyeEm | Getty Images Taiwan shares notched fresh all-time highs on Friday as a booming demand for artificial intelligence and semiconductor technology boosts investor optimism for the country’s tech firms. Market watchers expect the rally in Taiwan stocks to strengthen further. The Taiwan … Read more

Anthropic lining up a new slate of investors, ruled out Saudi Arabia

Deep-pocketed, sovereign wealth funds are among the investors clamoring to get a stake in Anthropic, the red-hot artificial intelligence startup that’s taking on OpenAI. One country that’s being left out: Saudi Arabia. As bankers line up a group of potential new Anthropic backers, the company has ruled out taking money from the Saudis, according to … Read more

UK gives Vodafone and Three five working days for solutions to avoid in-depth merger probe

Vodafone announced plans to cut 11,000 jobs as part of a turnaround plan from the company’s newly-appointed CEO Margherita Della Valle. Paul Hanna | Bloomberg | Getty Images The U.K.’s Competition and Markets Authority on Friday said Vodafone’s proposed merger with rival CK Hutchison will face an in-depth probe, unless the two mobile operators provide … Read more

Kevin O’Leary on why he wants to buy TikTok

A view shows the office of TikTok after the U.S. House of Representatives overwhelmingly passed a bill that would give TikTok’s Chinese owner ByteDance about six months to divest the U.S. assets of the short-video app or face a ban, in Culver City, California, March 13, 2024.  Mike Blake | Reuters Kevin O’Leary is putting … Read more

Climate startups face ‘valley of death’. This VC just raised $325 million to help

Death Valley National Park on July 15, 2023, near Furnace Creek, California. David Mcnew | Getty Images Venture capital firm World Fund said Friday it’s closed a 300 million euro ($325 million) fund to back startups tackling climate change.   World Fund, a European climate technology investor incubated by the environment-conscious search engine Ecosia, said … Read more

Sam Altman’s Reddit stake worth over $600 million after NYSE debut

OpenAI CEO Sam Altman says he has no equity in the $80 billion artificial intelligence startup he co-founded in 2015. His Reddit ownership is another matter altogether. Following Reddit’s stock market debut on Thursday, Altman’s stake in the social media site ballooned by $200 million to over $613 million. Shares of the 19-year-old company jumped … Read more

(RDDT) starts trading on NYSE

Reddit shares jumped as much as 70% in their debut on Thursday in the first initial public offering for a major social media company since Pinterest hit the market in 2019. The 19-year-old website that hosts millions of online forums priced its IPO on Wednesday at $34 a share, the top of the expected range. … Read more

DOJ sues Apple over iPhone monopoly in landmark antitrust case

The Department of Justice sued Apple on Thursday, saying its iPhone ecosystem is a monopoly that drove its “astronomical valuation” at the expense of consumers, developers and rival phone makers. The lawsuit claims that Apple’s anti-competitive practices extend beyond the iPhone and Apple Watch businesses, citing Apple’s advertising, browser, FaceTime and news offerings. “Each step … Read more

Reddit prices IPO at $34 per share, valuing company at $6.5 billion

In this photo illustration a Reddit logo is seen displayed on a smartphone. Mateusz Slodkowski | Sopa Images | Lightrocket | Getty Images Reddit, the 19-year-old website that hosts millions of online forums, priced its IPO on Wednesday at $34 a share, the top of the expected range. The offering brought in $519 million, according … Read more