SoftBank CEO Masayoshi Son announced a $100 billion investment in the U.S. over the next four years during a Monday visit to President-elect Donald Trump's residence Mar-a-Lago in Palm Beach, Florida.The billionaire investor and founder of the Japanese tech-investing firm promised in the joint announcement with Trump to create 100,000...
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Chinese self-driving trucking company pivots to generative AI for video games
Workers setting up the TuSimple booth for CES 2022 at the Las Vegas Convention Center on Jan. 3, 2022.Alex Wong | Getty Images News | Getty ImagesEmbattled Chinese autonomous trucking company TuSimple has rebranded to CreateAI, focusing on video games and animation, the company announced Thursday.The news comes as GM...
Drone stocks are surging on Wall Street, led by Red Cat Holdings
Anton Petrus | Moment | Getty ImagesDrone stocks rallied Monday as retail interest ramped up in the sector following a Palantir partnership with Red Cat Holdings and amid a flurry of mysterious sightings in New Jersey and other Northeast states that Wall Street believes could boost funding for the industry.Red...
After taking morning profits, we’re afternoon buyers of 2 stocks in an oversold market
We're buying 25 shares of Home Depot at roughly $407 each and 15 shares of Blackrock at roughly $1,041. Following Tuesday's trades, Jim Cramer's Charitable Trust will own 200 shares of HD, increasing its weighting to 2.25% from about 2%. The Trust portfolio, used by the CNBC Investing Club, will...
Iran faces dual crisis amid currency drop and loss of major regional ally
A briefcase filled with Iranian rial banknotes sits on display at a currency exchange market on Ferdowsi street in Tehran, Iran, on Saturday, Jan. 6, 2018.Ali Mohammadi | Bloomberg | Getty ImagesIran is confronting its worst set of crises in years, facing a spiraling economy along with a series of...