Author: i2wtc
Upgrade CEO Renaud Laplanche speaks at a conference in Brooklyn, New York, in 2018.Alex Flynn | Bloomberg via Getty ImagesUpgrade, the online lender started by LendingClub founder Renaud Laplanche, has raised a new round of funding that values the startup at $7.3 billion.The company said in a press release on Thursday that it raised $165 million in a round led by Neuberger Berman, with participation from LuminArx Capital Management. Laplanche, who created Upgrade in 2016, said it’s the first time the company has raised money since 2021. “We’ve been cash flow positive over the past three years, so we didn’t…
Key PointsApple is about to announce a $140 million per year media rights deal with F1 for its U.S. rights, according to people familiar with the matter.Apple’s Eddy Cue said his company would like to buy more sports rights and would seek to change how broadcasts are done.”We’re not going to compromise,” said Cue. “We don’t have to do sports the way that they are. There’s plenty of people doing that. So the world doesn’t need us to do that.”A version of this article first appeared in the CNBC Sport newsletter with Alex Sherman, which brings you the biggest news and exclusive interviews from…
K-P Governor Faisal Karim Kundi. Photo: File LAHORE: Senior PPP leaders expressed deep disappointment over Governor K-P Faisal Kareem Kundi’s attempt to obstruct the resignation process of outgoing Chief Minister Ali Amin Gandapur, warning that such undemocratic manoeuvres – in pursuit of “establishment-driven objectives” – were damaging the party’s credibility. “We were once seen as flag bearers of democracy in Pakistan, but today we are seen as just another pawn on the establishment’s chessboard,” a senior party figure said, speaking on the condition of anonymity. He pointed out that Governor Kundi initially stalled the process by objecting to a “computer-typed…
Chinese e-commerce giant Alibaba has pledged to spend more than $50 billion on artificial intelligence over the next three years.CNBC | Evelyn ChengSHANGHAI — Chinese tech giant Alibaba is already recouping its investment on artificial intelligence in the company’s e-commerce business, vice president Kaifu Zhang told reporters on Thursday.The Chinese tech giant has bet big that AI will generate returns despite market concerns that companies are spending too much on the technology with little to show for it. Alibaba last month announced it will increase its spending on AI and cloud infrastructure, after pledging in February it would spend 380…
Microsoft Executive Vice President and Consumer Chief Marketing Officer Yusuf Mehdi speaks at company headquarters in Redmond, Wash., on May 20, 2024. Microsoft unveiled a new category of PC that features generative artificial intelligence tools built into the Windows operating system. Microsoft estimates that over 50 million AI PCs will be sold over the next 12 months, given the appetite for devices powered by ChatGPT-style technology.Jason Redmond | AFP | Getty ImagesOn Tuesday, Microsoft stopped supporting Windows 10, the operating system it introduced 10 years earlier. The software company is enticing people to upgrade their PCs with a slate of…
* In China, scientific field management and modern agricultural infrastructure have helped to inject new vitality into farming and soil protection.* The country’s self-reliance in food supply for its 1.4 billion people serves as its commitment to stabilizing global food markets.* Nationwide, there are more than 66.7 million hectares of high-standard farmland.HARBIN, Oct. 16 (Xinhua) — As China marked World Food Day on Thursday, fleets of crawler harvesters cut through fields in the country’s major grain-producing areas, racing to gather a bountiful harvest as growers battled weather challenges that threatened to spoil crops.Powered drying facilities for harvested corns are seen…
ISPR warns any aggression will be dealt with swift, resolute and intense responsePakistan Rangers (R) and Indian Border Security Force personnel take part in the daily flag lowering ceremony at their joint border post of Wagah near Lahore PHOTO:REUTERS RAWALPINDI: Expressing grave concern over Indian military leadership’s irresponsible statements under immense political pressure, Pakistan Army has warned that “every act of aggression will be dealt with a swift, resolute and intense response” that will be remembered by posterity. The ISPR said in a statement that the Indian armed forces and its political masters must realise that Pakistani people and their…
Treasury Secretary Scott Bessent speaking at the CNBC Invest In America Forum in Washington, D.C. on Oct. 15, 2025.Aaron Clamage | CNBCThis is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. Tariff troublesAs the U.S.-China rare earth dispute reignites fears of a trade war, tariffs are back in the spotlight for both investors and policymakers. Stocks have oscillated in recent days as traders make bets on whether President Donald Trump will back off his threats — following the “TACO” playbook, as some have called…
Pakistan would defend its national sovereignty, territorial integrity at all costs ISLAMABAD: Chief of Army Staff Field Marshal Syed Asim Munir on Wednesday called on President Asif Ali Zardari at Aiwan-e-Sadr and briefed him on the evolving security situation, including Pakistan’s “measured and befitting response” to the Taliban’s aggression. The president expressed full confidence in the armed forces, praising their “vigilance and professionalism” in defending Pakistan’s borders. “The nation stands united with its military in safeguarding the country’s sovereignty at all costs,” he said. “President Zardari expressed full confidence in the strength, valour, capacity, and preparedness of Pakistan’s armed forces,”…
Drazen_ | E+ | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Over the next 25 years, more than $120 trillion in wealth will be passed down to inheritors, according to Cerulli Associates.Only 27% of these future beneficiaries — primarily widows and children — plan to keep their benefactor’s wealth advisor, per Cerulli’s survey of investors with at least $250,000 in financial assets. The share drops to 20% for those who have already inherited their riches,…