UK BNPL fintech Zilch raises $125 million, sees IPO within 2 years

Zilch CEO Phil Belamant. Zilch LONDON — British fintech firm Zilch said Wednesday it’s raised $125 million in debt financing from German banking giant Deutsche Bank in a deal that will help the company triple sales in the next couple of years and move closer toward an initial public offering. The company, which offers shoppers … Read more

Stock market news for June 18, 2024

The S&P 500 rose to a fresh record as artificial intelligence darling Nvidia continued its march to new highs, topping Microsoft as the most valuable public company. The broad market index added 0.25% to close at 5,487.03, while the Nasdaq Composite inched up 0.03% to end at 17,862.23. The tech-heavy index also closed at a … Read more

Nvidia swipes the crown from Microsoft — plus, the fuel for Best Buy’s latest move higher

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Nvidia takes the lead: Stocks are mostly higher Tuesday, but the action has been more muted compared to Monday’s rally. There was a well-received auction of … Read more

How the once-promising EV maker went bottom-up

Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, 2021 in Manhattan Beach, California. Patrick T. Fallon | AFP | Getty Images Fisker on Monday became the latest all-electric vehicle startup to file for … Read more

Nvidia passes Microsoft in market cap, is most valuable public company

Nvidia CEO Jensen Huang attends an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024.  Ann Wang | Reuters Nvidia, long known in the niche gaming community for its graphics chips, is now the most valuable public company in the world. Shares of the chipmaker climbed 3.2% in mid-day trading on Tuesday, lifting the … Read more

Google Android apps launch via Xreal AR glasses vs Apple’s Vision Pro

Xreal, an augmented reality glasses maker, has launched a connected Beam Pro mobile device that allows users to capture spatial video and 3D images. Xreal BEIJING — Games and movies on Google Play Store apps can now be viewed in three dimensions via a new Android mobile device from augmented reality glasses maker Xreal, the … Read more

Apple issues ‘very serious’ under landmark EU rules: Vestager

Apple has a number of “very serious” issues under the European Union’s sweeping rules aimed at reining in Big Tech, the bloc’s competition chief Margrethe Vestager told CNBC on Tuesday, following reports that regulators are preparing charges against the iPhone maker. In March, the European Commission, the EU’s executive arm, opened a probe into Apple, … Read more

Apple stops offering buy now, pay later loans in U.S.

Apple CEO Tim Cook gestures during the annual developer conference event at the company’s headquarters in Cupertino, California, U.S., June 10, 2024.  Carlos Barria | Reuters Apple said on Monday that it has stopped issuing loans through Apple Pay Later, its buy-now-pay-later program that launched last year. The move comes after Apple said it would … Read more

Nvidia to get 20% weighting and billions in investor demand, while Apple demoted in major tech fund

The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan, May 30, 2017. Tyrone Siu | Reuters Nvidia‘s blistering rally will force a major technology exchange-traded fund to acquire more than $10 billion worth of shares of the chip giant while cutting dramatically back on Apple. The index that … Read more

Apple Watch 10 to include larger screen, thinner design: Kuo

Apple Watch Series 9 Source: Apple Inc. Apple Analyst Ming-Chi Kuo said in a blog post on Monday that the next Apple Watch will be thinner and have a larger screen. The Apple Watch Series 10 is expected to be released in September when the company typically introduces its next batch of wearables and new … Read more