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Super Micro Computer CEO Charles Liang speaks at the Raise summit in Paris on July 8, 2025. Nathan Laine | Bloomberg | Getty ImagesShares of Super Micro Computer jumped 15% after the server maker said Tuesday it now sees higher margins than previously projected for the June quarter, with a surge in new orders.The company said its gross margin and adjusted gross margin should come in between 15% and 17%, a step up from the range of 8.2% to 8.4% that management provided in May.The revision is “primarily due to a favorable customer and product mix,” Super Micro said in…
Investing.com — Dyne Therapeutics Inc () shares dropped 16.1% on Tuesday after the company announced an underwritten public offering of $300 million in common stock. The clinical-stage biotechnology company said it commenced the offering and intends to grant underwriters a 30-day option to purchase up to an additional $45 million of shares. All shares in the proposed offering will be sold by Dyne. Morgan Stanley, Jefferies and Evercore ISI are acting as joint book-running managers for the offering, with LifeSci Capital and Raymond James also serving as joint book-running managers. Jones is acting as lead manager. The company stated that…
The legal theory behind the lawsuits is not specific to any industry. “Plaintiffs have filed class actions against companies across varying industries and points in the supply chain from food manufacturers to logistics providers. The specific allegations in each case differ, but the primary legal theory is the same: companies cannot pass tariff costs to consumers and retain government refunds for the same tariffs,” Foley & Lardner lawyers Erik Swanholt and Kelsey Boehm wrote. Holland & Knight lawyers wrote in a legal alert that “any business that both passed tariff costs through to customers and is pursuing government refunds could…
A visitor watches an AI sign on an animated screen at the Mobile World Congress, the telecom industry’s biggest annual gathering, in Barcelona, Spain.Josep Lago | Afp | Getty ImagesTogether, the two leading AI developers spent $3.17 million during the quarter, up 23% from the first three months of the year, according to federal lobbying disclosures.Anthropic spent $1.97 million from April through June, up 26% from the first quarter. OpenAI spent $1.2 million, an increase of nearly 18%. The companies reported lobbying on issues including cybersecurity, copyright, cloud computing and defense procurement.Monitoring lobbying spending, which companies must report quarterly to…
Tesla Inc. charging stations behind the Conoco Tower Station and U-Drop Inn Cafe along the historic Route 66 on June 7, 2026 in Shamrock, Texas. Al Drago | Getty ImagesOptions traders are betting Tesla could see its biggest post-earnings move in a year when the electric auto giant reports on Wednesday after the bell.Current prices for at-the-money puts and calls are implying a 5.76% move, which is the largest implied move since traders priced in a 6% swing back in October 2025. It would be the largest realized move since last July. On Tuesday, options flow leaned bullish, with traders…
Colonel General Oleksandr Syrskyi, commander-in-chief of Ukraine’s armed forces.Valentyn Ogirenko | ReutersPresident Volodymyr Zelenskyy on Tuesday fired Gen. Oleksandr Syrskyi as commander-in-chief of Ukraine’s armed forces, following days of mass protests in Kyiv and other cities nationwide demanding his removal.Zelenskyy appointed Mykhailo Drapatyi as the new army chief, according to a statement on social media.Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news. Source link
Samsung launches first US credit card with Barclays, signals ambitions for deeper financial services push Source link
A Spacex Flacon 9 rocket lifts off from Space Launch Complex 40 on June 08, 2026 in Cape Canaveral Space Force Station, Florida.Joe Raedle | Getty ImagesGoldman Sachs has created a new platform to expand its offerings for wealthy clients and family offices who increasingly want direct stakes in fast-growing private companies, CNBC has learned.The new group, called the alternative investments platform, combines Goldman’s existing alternatives business with two newly established teams, according to a memo seen first by CNBC.The new teams focus on direct investments in individual private companies, rather than broader private equity funds, and on helping clients…
John Healey’s elevation to the second most important job in government has delighted senior figures in the Ministry of Defence, who are relieved to have someone in the Treasury who is committed to increasing military spending. “It’s brilliant for us,” said an insider.Yet the same MOD source is also relieved Healey is not returning. “We were dreading him coming back”, they said. “He’s a difficult person”.Even some senior Conservatives think Healey’s appointment as chancellor was clever. “For a number of reasons”, explains one former Tory cabinet minister. “He’s not Ed Miliband, he’s hard to attack, and he’s Treasury-literate.” Healey served…
Joe Raedle | Getty ImagesThe S&P 500 has barely moved in five days, but crypto assets are gaining some momentum in the background. Bitcoin jumped on Tuesday to hit its highest level since mid-June.Could this be the comeback crypto bulls have been waiting almost a year for? Options traders in stocks tied to the digital asset class seem to think so, piling into calls in the iShares Bitcoin Trust ETF (IBIT), Michael Saylor’s Strategy, and most of all – trading platform operator Coinbase Global.Stock Chart IconStock chart iconCoinbase shares in the past dayShares of Coinbase rallied roughly 11% to trade…