Deloitte U.S. CEO Jason Girzadas reflects on what he says is America’s superpower: powerful capital markets. He explains how continued investment and innovation in business will ensure a future where America continues to be an economic world leader. Find more from "America: 250 Years Bold" here: cnb.cx/4zo9o5m
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Welcome to CNBC's home on LinkedIn! Follow us for regular updates about financial news, top CNBC.com stories, behind-the-scenes moments and more. CNBC, Inc. provides business news in the United States and Canada. It provides real-time financial market coverage and business information. The company, through its Web site, cnbc.com, provides real-time market analysis; video programming daily; industry and topic-specific blogs; cnbc.com live stream, a long-form scheduled programming of events; charts; and investing tools. The company was founded in 1989 and is headquartered in Englewood Cliffs, New Jersey. CNBC, Inc. operates as a subsidiary of NBC Universal, Inc.
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Updates
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A wave of South Korean investors is flocking to U.S. markets to avoid a correction at home, even as global investors pile in. Korean retail investors net sold domestic stocks for most of last week, even as the benchmark index entered bull market territory, according to Korea Exchange data. Overseas investors reversed course to become net buyers. Here are five things related to those investors:
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Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a snapshot of what I'm seeing and hearing from local businesses. Is the AI race about who can spend the most (the U.S.), or whose price is cheaper (China) thanks in part to state-controlled power costs? It may be neither.
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CNBC reposted this
New: Anthropic's annualized revenue run rate hit $65 billion at the end of July, the company told investors over the weekend. The update comes as Anthropic gears up for what’s expected to be a blockbuster IPO. The company confidentially filed its prospectus with the Securities and Exchange Commission in June, and has been holding preliminary meetings with potential investors, though it hasn’t officially provided a timeline for a debut. Anthropic also shared a preliminary revenue figure of $11.5 billion for the second quarter, a 14-fold jump from a year ago, a source said. The company declined to comment. More here w/ Kate Rooney: https://lnkd.in/et723GtN
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CNBC asked media executives, including Jimmy Pitaro, Chris Winfrey, Anjali Sud and Jeff Zucker, for their predictions about what the TV market will look like in three years. Here's what they said. Find the full report: cnb.cx/3SCdbeU
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Los Angeles Lakers governor Jeanie Buss is opposing the potential sale of her family’s stake in the NBA team to Bob Iger and Joshua Kushner, contradicting an earlier ESPN report about the family’s decision. CNBC's Alex Sherman reports. cnb.cx/4zmEsTd
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Anthropic’s annualized revenue run rate hit $65 billion at the end of July, CNBC confirmed on Monday, a sevenfold increase from a year ago. CNBC's Kate Rooney reports. cnb.cx/3TSfXgx
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Los Angeles Lakers governor Jeanie Buss is opposing the potential sale of her family's stake in the NBA team to Bob Iger and Joshua Kushner, contradicting an earlier ESPN report about the family's decision. In a letter obtained by CNBC addressed to law firms representing Jeanie Buss's siblings — Jim, Johnny, Janie, Joey and Jesse — lawyer Adam Streisand says Jeanie Buss has not agreed to sell the team and that any vote suggesting the Buss family is selling "would be and is void." Streisand argues in the letter that Jeanie Buss remains the controlling shareholder of the Lakers, pursuant to a 2017 court order, and that no sale can take place without her consent.
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The S&P 500 is up more than 6% in 12 trading days to record levels. CNBC's Mike Santoli explains why the booming profits just reported could turn out to be a case of companies “over-earning.” Sign up now for the Market Memo newsletter if you're looking for deeper market context and actionable insights: cnb.cx/45x5BFo