President Donald Trump challenged NATO’s united front on Wednesday, slamming several allies for not spending enough on defense, spotlighting internal divisions within the alliance. NATO leaders’ gathering in Turkey comes at a time when the alliance is facing mounting challenges both externally and internally, and questions are mounting on how to best support Ukraine in…
Rivian’s stock falls 18% as Wall Street frets about the EV maker’s cash troubles.
CANADA – 2026/05/23: In this photo illustration, the CXMT (ChangXin Memory Technologies) logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Apple has begun testing DRAM chips from China’s state-backed ChangXin Memory Technologies for devices sold within China and is…
Despite soaring housing costs, younger buyers are finding a way in.
Four out of five CPAs attending a recent AICPA ENGAGE session said they’ve had clients victimized by a financial scam — and one attendee admitted she also was defrauded. “I am a CPA. I’ve been in business for over 50 years,” she said. “And I was fooled by it because I love my grandchildren.” The…
Picking the right crypto presale can be a turning point for early investors. Most of the big gains people talk about in crypto do not come from large-cap coins. They usually happen much earlier, before a token is listed anywhere, when prices are still low and the project is just getting started. That early stage…
Scott Vontobel serves as CEO of GENLED GENLED was founded in 2003 Principal Industries, a portfolio company of Wynnchurch Capital, has acquired GENLED Brands, an East Rutherford, New Jersey-based maker of LED lighting products, systems and solutions. No financial terms were disclosed. Headquartered in San Angelo, Texas, Principal Industries is a provider of LED components…
The UK Office of Financial Sanctions Implementation (OFSI) has imposed a £1M+ penalty against travel technology provider Sabre Global Technologies Limited (SGTL). The enforcement action represents the largest monetary penalty levied for a breach of Russian financial sanctions since the 2022 invasion of Ukraine, signalling an aggressive regulatory shift toward policing active circumvention. The case…
Justice Elena Kagan and Justice Amy Coney Barrett. Reuters Supreme Court Justices Elena Kagan and Amy Coney Barrett are scheduled to testify next week to a House Appropriations subcommittee about the high court’s fiscal 2027 budget request, according to an agenda released Tuesday. Their testimony on July 14 will be the first time Supreme Court…
A motherboard from one of Rivian’s all-electric vehicles. Michael Wayland / CNBC Rivian Automotive stock plunged nearly 15% during midday trading on Tuesday after the electric vehicle maker announced a public offering of 75 million shares of its Class A common stock. The capital raise occurred during extended hours trading after Rivian shares rose 8.1%…