Kameleon007 | Istock | Getty Images A California prison inmate locked up on a gang-related murder conviction led a scheme that defrauded the U.S. government out of more than $550 million in Covid-era federal tax credits, prosecutors said. The inmate, Kristopher Thomas, was also charged with running a drug trafficking […]
CNBC News
FAA closes Starship investigation as SpaceX seeks license for next launch
SpaceX’s next-generation Starship spacecraft atop its powerful Super Heavy rocket is launched from the company’s Boca Chica launchpad on an uncrewed test flight, near Brownsville, Texas, on Nov. 18, 2023. Joe Skipper | Reuters The Federal Aviation Administration on Monday announced the close of its investigation alongside SpaceX into the […]
Cramer names contenders for the next company to hit $1 trillion market cap
In the wake of Nvidia‘s rapid ascension, CNBC’s Jim Cramer on Monday picked companies he thinks could have a chance at breaking $1 trillion in market capitalization. “There is no next Nvidia — it’s what we call at law school sui generis — and you might not see another story […]
Motorola shows off a concept smartphone that can wrap around your wrist
Motorola’s “adapative display concept” smartphone can wrap around a user’s wrist. The phone can generative a background to match what a user is wearing. Arjun Kharpal | CNBC BARCELONA, Spain — Motorola thinks we may be wearing our phones on our wrist in future. The company, which is owned by […]
Zoom shares jump as quarterly results beat on top and bottom lines
Eric Yuan, founder and CEO of Zoom Video Communications, stands before the opening bell during the company’s initial public offering at the Nasdaq MarketSite in New York on April 18, 2019. Victor J. Blue | Bloomberg | Getty Images Zoom shares rose as much as 13% in extended trading on […]
Google to relaunch Gemini AI picture generator in a ‘few weeks’ following mounting criticism of inaccurate images
After pulling its artificial intelligence image generation tool on Thursday due to a string of controversies, Google plans to relaunch the product soon, according to Google DeepMind CEO Demis Hassabis. Google introduced the image generator earlier this month through Gemini, the company’s main suite of AI models. The tool allows […]
Commerce Secretary Raimondo: U.S. set to become a major hub of leading-edge logic chip manufacturing
U.S. Secretary of Commerce Gina Raimondo testifies during the House Science, Space and Technology Committee hearing titled “Chips on the Table: A one year review of the CHIPS and Science Act,” in the Rayburn Building in Washington, D.C., on Sept. 19, 2023. Tom Williams | Cq-roll Call, Inc. | Getty […]
Aspiring homeowners say they face two major obstacles to buying. Here’s why 20% say it’ll ‘never’ happen
Milos Dimic | E+ | Getty Images With various factors keeping homeownership out of reach for Americans, many aspiring homeowners are pessimistic, doubting they will ever achieve that goal. Would-be buyers point to two major obstacles holding them back, according to a new Bankrate report. About half, 51%, point to […]
Altice USA shares spike 36% on report Charter is considering acquisition
Igor Golovniov | Lightrocket | Getty Images Altice USA shares spiked 36% on Monday following a report that Charter Communications is considering buying the broadband company. Charter is working with financial advisors as it considers whether it would make sense to buy Altice USA, Bloomberg reported Monday, citing people with […]
Bitcoin resumes its rally, ripping through $54,000 for the first time since December 2021
Bitcoin. Nurphoto | Getty Images The price of bitcoin shot above the $54,000 level on Monday after waking up from a week of tepid trading. The flagship cryptocurrency was last higher by 5% at $54,460.00, according to Coin Metrics. At its session high, bitcoin hit $54,965.26 and reached its highest […]