Solstice Advanced Materials CEO David Sewell said Monday that Wall Street has the wrong read on its planned acquisition of Element Solutions after a bruising sell-off. “We’re at a generational growth opportunity in semiconductors and advanced electronics,” Sewell said on CNBC’s “Mad Money” on Monday. “The combination of our two companies … gives us a…
Alibaba will ban employees from using Anthropic‘s artificial intelligence tools for work purposes as of July 10, citing concerns that the U.S. company has back-door security risks, CNBC confirmed on Monday. The Chinese e-commerce giant has put Anthropic’s Claude Code on a high-risk software list, according to people familiar with the matter, who asked not…
SpaceX President Gwynne Shotwell announced she would donate to the Trump Accounts program on Monday, joining a growing list of companies and billionaires pledging to support the investment accounts for American children under 18. The gift, which includes shares of Shotwell’s and her husband’s SpaceX stock, will go to around 2 million Trump accounts, with…
Semiconductor stocks are staging a “revenge” trade after last week’s sharp sell-off, CNBC’s Jim Cramer said on Monday. “What I think is really happening today is revenge,” Cramer said on CNBC. “We’re seeing a lot of people who are saying, ‘Look, it’s time to go back in the group. The group has been hit.’” The…
Sebastian Siemiatkowski, CEO and Co-Founder of Swedish fintech Klarna, gives an interview with CNBC during the company’s IPO at the New York Stock Exchange (NYSE) in New York City, U.S., September 10, 2025. Brendan Mcdermid | Reuters Klarna, the Swedish fintech firm best known for its buy now, pay later offerings, said Monday it applied…
Microsoft CEO Satya Nadella talks with Indonesia’s Minister of Communication and Information Technology Budi Arie Setiadi, on the day of their meeting with Indonesian President Joko WIdodo in Jakarta, Indonesia, on April 30, 2024. Willy Kurniawan | Reuters Microsoft is eliminating 4,800 jobs, representing 2.1% of its workforce, with the company’s Xbox division losing about…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Monday. I spent part of the weekend catsitting for a friend, which meant I could run their AC instead of mine during the heat wave. Stock futures are mixed this morning. Wall Street is coming off a winning week. Here are…
A Chinese smart-glasses maker founded by an Apple veteran has become a unicorn after a funding round with investors including Meituan and Tencent. Even Realities Technology raised $150 million in the pre-Series B round, giving it a valuation of $1 billion. Company’s founder and CEO Will Wang, who worked at Apple from 2016 to 2018…
The Indian government has warned of action against two of Meta’s three major platforms, WhatsApp and Instagram, within a week, underscoring the growing regulatory risks the U.S. social media giant faces in a key market. On Saturday, India’s Ministry of Electronics and Information Technology issued a “stern notice to Meta over the presence of Child…
Jensen Huang, chief executive officer of Nvidia Corp., speaks next to a Vera Rubin Ultra Kyber Compute Tray and a Vera Rubin Ultra Kyber NVLink MidPlane during a keynote address at the Nvidia GTC conference in San Jose, California, US, on Monday, March 16, 2026. Bloomberg | Bloomberg | Getty Images NVIDIA’s next marquee product…