Andrew Ross Sorkin, the co-host of CNBC’s business show “Squawk Box,” on Wednesday revealed that his Wall Street sources have told him they are “scared of the chaos” that former President Donald Trump will potentially create for them and their companies if he returns to the White House. “They’re scared of waking up in the … Read more
For the first time a luxury brand is an Olympic sponsor. And it’s not just one brand, it’s the empire of LVMH. “We tried to find a way with the Olympic Committee – to be able to show maybe something that has never been done before with the Olympics,” LVMH Chairman and CEO Bernard Arnault … Read more
It’s not too often Elon Musk walks back something he has said. Usually, he just hopes we all forget about the asinine claims and promises he makes, and we all go on with our lives. Well folks, not this time, because this mistake clearly is having an impact on Musk’s companies and their bottom lines. … Read more
CEOs seemingly weren’t too pleased with former President Donald Trump’s performance during their private meeting with him in Washington this week, according to a report by CNBC’s Andrew Ross Sorkin on Friday. The presumptive GOP presidential nominee addressed top business leaders and spoke of his hopes to further cut the corporate tax rate in a … Read more
WASHINGTON — Former President Donald Trump failed to impress everyone in a room full of top CEOs Thursday at the Business Roundtable’s quarterly meeting, multiple attendees told CNBC. “Trump doesn’t know what he’s talking about,” said one CEO who was in the room, according to a person who heard the executive speaking. The CEO also said Trump did not … Read more
Steve Cohen at Point 72 Asset Management. Adam Jeffery | CNBC You can count billionaire investor Steve Cohen among those who believes artificial intelligence is already making an impact on the business world. The Point72 founder told CNBC’s Andrew Ross Sorkin on “Squawk Box” that his financial firm has found ways for even the early … Read more
Fintech giant Stripe revealed in its annual letter published on Wednesday that it surpassed $1 trillion in total payment volume in 2023, up 25% from 2022. The milestone, which comes 15 years after the company was founded, offers a glimpse into the financials of one of the world’s largest private companies and how fast it’s … Read more
JPMorgan Chase CEO Jamie Dimon said he remains cautious on the U.S. economy over the next two years because of a combination of financial and geopolitical risks. “You have all these very powerful forces that are going to be affecting us in ’24 and ’25,” Dimon told Andrew Ross Sorkin Wednesday in a CNBC interview at … Read more
