Tag: business news
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Lego posts record first-half revenue, CEO touts strong sales at high-end and value pricing
Lego CEO Niels Christiansen told CNBC the company is seeing strong sales at both ends of the pricing spectrum.
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Xpeng shares sink as weak delivery forecast overshadows $6.3 billion robot unit valuation
Xpeng shares slid after weak delivery guidance, even as its nascent robotics business secured a valuation nearly matching that of its core EV business.
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Bitcoin jumps 3%, closing in on $80,000 as rally gathers pace
Bitcoin closed in on the $80,000 mark, as renewed inflows into spot bitcoin ETFs and improving risk appetite extended the cryptocurrency’s recent rally.
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Porsche inks $1.5 billion deal for AI deployment with India’s largest IT services firm Tata Consultancy
Indian IT services giant TCS has secured a $1.5 billion contract to deploy AI for German sports carmaker Porsche.
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CNBC’s The China Connection newsletter: Robots need help learning human skills. These AI companies are rushing to meet the demand
Humanoid robots still take a long time to complete human tasks. Several startups in China are trying different ways to collect and use training data better.
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Los Angeles Lakers worth ‘every bit’ of $12.5 billion price tag: 76ers and Commanders owner Josh Harris
The Los Angeles Lakers set a new record for a professional team sale price at $12.5 billion, and sports investor Josh Harris said the team is worth “every bit.”
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Main Street Sports sues Comcast, Charter for underpaid licensing fees
Main Street has been in the process of winding down its portfolio of regional sports networks since the the NHL and NBA seasons ended earlier this year.
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Mark Walter’s TWG Global hires Goldman veteran Markowitz as top lawyer amid probe of insurers
Federal authorities are investigating how two insurers that are part of Mark Walter’s business empire classified more than $20 billion in loans to his companies.
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Supreme Court allows some Trump vote-by-mail limits ahead of midterm election
The unsigned order lifted an injunction covering 23 states and Washington, D.C.; the court’s three liberal justices dissented.
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Buy gold on the Treasury bond market intervention, says Deutsche Bank
Treasury Secretary Bessent’s plan to more than double bond buybacks can boost the price of gold, the Wall Street bank argues.
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