OpenAI wraps $7 billion share sale ahead of potential IPO
OpenAI completed a secondary share sale totaling roughly $7 billion, allowing current and former employees to sell stock at the company's $852 billion valuation, CNBC confirmed on Monday.
Markets
Arabica Coffee Prices Undercut as Brazil Harvest Expected to Accelerate
September arabica coffee (KCU26) closed down -3.25 (-0.97%) on Monday, and September ICE robusta coffee (RMU26) closed up +19 (+0.50%).
CNBC's The China Connection newsletter: 'Spider-Man' and 'The Odyssey' come courting the massive filmgoer market
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.
Trump Media posts $238 million second-quarter loss as crypto declines
Trump Media & Technology Group on Monday reported a net loss of more than $238 million for its fiscal second quarter on revenue of less than $2 million.
Billionaire sues ex-employee over alleged theft
Russell Wilson is the billionaire founder of CoinSpot, one of Australia's largest cryptocurrency trading exchanges. Founded in 2013, CoinSpot reported a $270 million net profit in the 2025 financial year.
Stocks Finish Lower as Soaring Crude Prices Spur Inflation Fears
The S&P 500 Index ($SPX) (SPY) closed down -0.06% on Monday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.11%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.34%. September E-mini S&P futures (ES…
Cattle See Mixed Monday Trade, as Live Cattle Strengthen
Live cattle futures were higher on Monday, with contracts up 82 cents to $1.80 across most months. There were no deliveries issued on first notice day for August live cattle futures. Cash trade picked up last week at $2…
See Which Recent 13F Filers Hold Visa But Retiremitten Financial and Evoke Wealth Exited
At Holdings Channel, we have reviewed the latest batch of the 56 most recent 13F filings for the 06/30/2026 reporting period, and noticed that Visa Inc (Symbol: V) was held by 29 of these funds. When hedge fund managers…
Smartbird announces special dividend following sale of footwear business
Smartbird (NASDAQ:BIRD) appointed Nadia Carlsten as president, CEO and board member, succeeding Joe Vernachio, and named independent director Lily Yan Hughes as board chair.
EBay may dodge a GameStop takeover — but there’s a new twist in the Ryan Cohen saga
Bloomberg says GameStop could propose collaborating with eBay in some way other than a merger. Some analysts doubt whether eBay would benefit much from that sort of deal.
Cotton Extending Gains to Monday Morning
Cotton futures are trading with 60 to 66 point losses so far on Monday. Crude oil is up $3.44 per barrel, with the US dollar index $0.232 higher.
The Outlook for Smaller West African Cocoa Production Lifts Prices
Cocoa prices erased early losses on Monday and settled higher on fund buying amid the outlook for poor weather from this year’s El Niño weather system that could reduce cocoa production in West Africa. Gains in London c…
Trump says he spoke recently to Fed Chairman Warsh, denies regular calls
President Donald Trump spoke recently to Federal Reserve Chairman Kevin Warsh, the president said Monday.
Nvidia lines up $500 billion in financing as CEO Jensen Huang tells CNBC his chips are ‘investable asset’
Nvidia is attempting to turn its artificial intelligence chips into Wall Street's newest asset class, partnering with six large asset managers on a $500 billion financing push designed to treat compute infrastructure mu…
Wendy's has a massive problem: It's closing restaurants left and right
Wendy's (WEN) nearly two years of struggles competing with the likes of behemoths McDonald's (MCD) and Yum! Brands' (YUM) Taco Bell, plus upstarts such as Shake Shack, are creating one big problem.
California Resources Q2 2026 slides: midstream deals, CCS milestone
California Resources Corporation (NYSE: CRC) agreed to acquire Crimson Midstream Holdings from CorEnergy Infrastructure Trust for $63 million in cash, subject to customary adjustments. The planned deal adds about 2,000 …
Stocks Pressured as Higher Crude Price Boosts T-Note Yields
The S&P 500 Index ($SPX) (SPY) today is down -0.04%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.14%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.15%. September E-mini S&P futures (ESU26) are down -0…
Interest rates may stay higher for longer. What that means for consumers
Even as Federal Reserve Chairman Kevin Warsh implements measures to curtail so-called forward guidance — or how the Fed signals its future rate moves — investors are largely expecting an increase in interest rates in th…
Trump signs executive order calling for fewer childhood vaccines, falsely linking shots to autism
President Donald Trump on Monday signed an executive order backing fewer routine vaccines for kids, calling to whittle down the number of recommended childhood shots to 11 while falsely tying immunizations to autism.
Hypoport H1 2026 slides: EBIT jumps 20% as margins expand
Profitable growth in H1 2026 with revenue and gross profit up 5% year-over-year and EBIT up 20%, driven by margin improvements and market share gains in mortgage finance. Outlook for 2026 targets €40–55 million EBIT and…
Coffee Prices Turn Lower on Drier Brazil Weather
September arabica coffee (KCU26 ) is down -4.90 (-1.46%) today, and September ICE robusta coffee (RMU26 ) is down -1 (-0.03%). Coffee prices gave up an early advance today and turned lower on signs of drier weather in B…
Protect College Sports Act to be voted on next month: What it means for transfers and team spending
Here’s how the Protect College Sports Act could impact the economics of college sports.
OpenAI expands Daybreak cybersecurity initiative as AI agent threats evolve
OpenAI on Monday said it is expanding Daybreak, its exclusive cybersecurity initiative, to help give its participants access to the "right capabilities" that they need to help defend themselves from attackers.
Perma Fix Environmental Services’ (PESI) Strong Backlog Overshadows Weak Results
Long Cast Advisers, an independent registered investment adviser, released its Q2 2026 investor letter. A copy can be downloaded here. The firm reported strong earnings in the second quarter, with results improving 20%,…