Financial news

Anthropic’s potential $2 trillion IPO comes with the following fine print

Anthropic’s revenue grew over 10-fold in 2025, but the cost of training and serving its models is also climbing.

NEAR Intents says it blocked $50M tied to Bitget hackers

The cross-chain protocol said it actively prevents stolen funds from being laundered, drawing a contrast with THORChain’s position that it does not selectively censor transactions.

OpenAI abandons plan to release upcoming model as safety concerns escalate

The heads of OpenAI and rival Anthropic have both indicated recently that top AI labs should slow the pace of model development.

LeBron James is already boosting ticket and merchandise demand for Philadelphia 76ers

NBA star LeBron James is having a major financial impact on the Philadelphia 76ers and Philadelphia, boosting sponsorships, ticket sales and economic activity

AMD briefly joined the $1 trillion club. Cramer says its monster run isn’t over

CNBC’s Jim Cramer said AMD’s run isn’t over, arguing the rise of agentic AI will drive significant demand for the company’s high-end CPUs.

• AMD

AMD acquiring Fei-Fei Li's World Labs AI firm in deal worth $8.2 billion

AMD previously invested in World Labs before the acquisition, which is the chipmaker's second biggest on record.

• AMD

Jim Cramer says these stocks can win even as oil and bond yields squeeze the market

Here's the stocks Jim Cramer said will be less impacted by interest rates and the Iran war.

Feds can't withhold counterterrorism funds from states to force election admin changes, judge rules

The judge said FEMA never explained how the election changes it wanted were "tied to the goal of shoring up vulnerabilities to terrorist attacks."

OpenAI Halts Model Training as Rogue Agents Target US Government Sites

OpenAI says its agents keep landing on government websites because they treat them as reliable sources, but it's pausing training while it adds safeguards.

Khanna to introduce AI safety bill with ban on 'recursive' technology until safeguards exist

The proposal joins a chorus of other measures being put forward in Congress as the body mulls how to regulate AI.

Trump announces plan for $15 billion steel plant, would be largest in U.S. history

Trump's announcement with Mesabi Metallics comes as Americans' souring views of the economy are poised to shape the upcoming midterm election.

A Clever RSA Attack Fooled a Hardware Vault—Here's What It Means for Crypto

A UC San Diego-led team impersonated a hardware security module without extracting its key.

Elon Musk, SpaceXAI subpoenaed by NYC in AI safety investigation

The New York City Council issued a subpoena to Musk, requiring that he or another representative of SpaceXAI testify in an investigation concerning AI safety.

Michael Burry believes the AI bubble 'may burst' sooner than he first believed

The famed short seller is switching to puts with expiries in June for his major tech short bets.

OpenAI sparked Hugging Face bids with early investment offer ahead of Nvidia's $13 billion deal

Hugging Face saw a flurry of deal interest before Nvidia agreed to buy the open-source platform for roughly $13 billion, CNBC has learned.

• NVDA

Citi Clients Can Now Take Stablecoin Payments Through Coinbase—Without Touching Crypto

Coinbase and Citi expanded an existing deal so Citi's institutional clients can accept stablecoin payments, while Coinbase business accounts run on Citi's banking rails.

• COIN

Blockchain.com eyes $500M IPO as crypto capital markets thaw: Report

The crypto company is seeking a valuation of up to $6 billion, well below its 2022 peak, as recently listed crypto stocks struggle to hold their gains.

Meta hires MongoDB CEO CJ Desai to lead enterprise unit. MongoDB shares crater

Desai will lead the new Meta Enterprise Platform unit and report to CEO Mark Zuckerberg.

• META

Boeing 737 Max 10 certification delayed by software issue, FAA says

The FAA administrator said the Max 10 will be delayed until the agency can assess a software issue on the aircraft.

• BA

Supreme Court Justice Alito will not participate in big climate change case next week

Environmental groups had called for Supreme Court Justice Samuel Alito to recuse himself from the case involving ExxonMobil and Suncor Energy.

• XOM