Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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Polymarket annualized revenue surpasses $1 billion six weeks after its U.S. exchange launch
World Cup trading and the end of its U.S. waitlist are driving rapid growth for Polymarket’s prediction market platform.
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Imposter scams led fraud reports to the FTC for fifth straight year in 2025, causing $3.5 billion in losses
The amount lost to imposter scams is part of $15.9 billion in total fraud losses reported to the Federal Trade Commission in 2025
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OpenAI and Anthropic face new AI reality as companies shift from tokenmaxxing to efficiency
Companies are tightening their AI budgets to focus on getting a return on their investment, and that could dampen growth rates at OpenAI and Anthropic.
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Rise in memory chip costs puts pressure on retailers of laptops and smartphones
As the global race for AI moves forward, a shortage of memory chips has begun to drive up prices of consumer electronics and may lead to product shortages.
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Stocks making the biggest moves premarket: Sandisk, On Semiconductor, Rocket Lab & more
These are the stocks posting the largest moves premarket.
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Robinhood is expensive relative to peers. BTIG says the premium is ‘warranted’
Robinhood stock may look expensive, but it has room to run due to the trading platform’s new product rollouts and other bids to court young clients, per BTIG.
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Volkswagen plans to cut 15% of its workforce and close four German plants, report says
Auto giant Volkswagen is reportedly planning to cut 100,000 jobs and end production at four German plants over the coming years.
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Estrogen patches are hard to find, and it may not be resolved any time soon
Estrogen patches are in short supply as demand for menopause treatments skyrockets, and it could take at least a year for manufacturers to catch up.
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‘The cult of Elon’: SpaceX investors grapple with volatility amid big swings
SpaceX stock has seen big spikes and drop in its opening two weeks as a public company.
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Nike’s turnaround ‘not enough’ to remain bullish on the stock, KeyBanc says
Nike has made some progress under its “Win Now” strategy, but signs of opportunities to drive considerable upside to the stock are still missing, per KeyBanc.
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