Author: potus

Hinge Health signage outside the New York Stock Exchange (NYSE) during the company’s initial public offering (IPO) in New York, US, on Thursday, May 21, 2025. Michael Nagle | Bloomberg | Getty ImagesShares of Hinge Health popped in their debut on the New York Stock Exchange on Thursday after the digital physical therapy company raised about $273 million in its IPO.The stock opened at $39.25, rising 23% from its $32 IPO price. It closed up 17% at $37.56 a share, bringing its market capitalization to more than $3 billion. Hinge sold 8.52 million shares in the offering, while the total offering was…

(The Center Square) — Global trade in liquefied natural gas continued its upward climb in 2024, growing 2.4% to reach a record 411.2 million tons, according to the International Gas Union’s annual report. North America solidified its position as the third-largest exporting region, increasing its exports by 4.11 million tons to reach 88.64 million tons. The United States accounted for the lion’s share of that growth, buoyed by increased production and the launch of new liquefaction units at the Plaquemines LNG facility in Louisiana.Currently, U.S. liquefaction capacity sits at 97.5 million tons per year.”Plaquemines LNG’s first four blocks (4.5 million tons…

(The Center Square) – A recent report from Avalere Health shows West Virginia’s state and local governments pay more per capita for opioid use disorder, or OUD, than any other state.That figure tops $500 per person. It also topped the nation as a percentage of GDP, coming in at more than 6% of the state total.The study looked at past figures to project estimated costs for 2024 for federal, state and local governments, private businesses, society as a whole via lost property and crime, individuals and households.The total national costs were in excess of $3.9 trillion. West Virginia accounted for…

Snowflake Inc. signage on the floor of the New York Stock Exchange in New York, US, on Jan. 2, 2025.Michael Nagle | Bloomberg | Getty ImagesSnowflake shares jumped 12% on Thursday, climbing to their highest level since early last year after the data analytics company reported better-than-expected quarterly results.Revenue in the fiscal first quarter of 2026 jumped 26% to $1.04 billion from $828.7 million a year earlier, and topped the $1.01 billion average LSEG estimate. It’s the first time the company, which went public in 2020, has recorded more than $1 billion in sales in a quarter.Adjusted earnings per share…

Kraken is one of the world’s largest crypto exchanges.Tiffany Hagler-Geard | Bloomberg via Getty ImagesKraken, a crypto exchange that has spent years in court battling charges brought by the U.S. Securities and Exchange Commission over its digital asset offerings, is preparing to offer tokenized securities, including shares of Apple, Tesla, and Nvidia, to customers outside the U.S, according to a release Thursday.The exchange is partnering with Backed—a firm specializing in blockchain-based financial assets — to offer more than 50 U.S. stocks and ETFs as tokens on the Solana blockchain, the release said.The product, called xStocks, will be available only to…

WASHINGTON (AP) — The multitrillion-dollar tax breaks package passed by House Republicans early Thursday would gut clean energy tax credits that Democrats approved three years ago while supporting increased mining, drilling and other traditional energy production.A marathon session that began Wednesday resulted in 1,100-plus page legislation that curbs billions of dollars in spending across food assistance, student loans, Medicaid and action to address climate change. The bill, which now heads to the Senate, repeals or phases out more quickly clean energy tax credits passed in the 2022 Inflation Reduction Act during former President Joe Biden’s term. Biden’s climate law has…

Technology giants OpenAI, Oracle, Nvidia and Cisco are joining forces to help build a sweeping Stargate artificial intelligence campus in the United Arab Emirates.”AI is the most transformative force of our time,” said Nvidia CEO Jensen Huang in a release Thursday. “With Stargate UAE, we are building the AI infrastructure to power the country’s bold vision – to empower its people, grow its economy, and shape its future.”The announcement confirms previous CNBC reporting on the project.During his Middle East tour last week, President Donald Trump and the U.S. Commerce Department announced a slew of new AI deals, including the UAE…

A customer carries an Apple MacBook Pro laptop outside an Apple store in Walnut Creek, California, US, on Wednesday, April 30, 2025. David Paul Morris | Bloomberg | Getty ImagesApple devices will power a hospital in Georgia, a first for the company as it continues its push into the health-care sector. Emory Healthcare on Thursday announced that its Emory Hillandale Hospital will be the first U.S. hospital that runs on Apple products, including the iPad, iPhone, Apple Watch, iMac and Mac mini. The devices will also integrate with software from Epic, the leading electronic health record vendor in the nation.  Hillandale is…

File: The Central Intelligence Agency (CIA) headquarters in Langley, Virginia, US., on Friday, July 8, 2022. Chris Kleponis | Bloomberg | Getty ImagesGuards at CIA headquarters shot an individual early Thursday morning in what the agency called a “security incident,” a person familiar with the matter told NBC News’ Andrea Mitchell.The non-fatal shooting on CIA property in Langley, Virginia, occurred hours after officials said two Israeli Embassy staff members, Yaron Lischinsky and Sarah Milgrim, were shot and killed outside D.C.’s Capital Jewish Museum.There is no evidence that the two incidents are linked. The CIA did not immediately respond to CNBC’s…

Behind highly secured doors in a giant lab in the Netherlands, there’s a machine that’s transforming how microchips are made. ASML spent nearly a decade developing High NA, which stands for high numerical aperture. With a price tag of more than $400 million, it’s the world’s most advanced and expensive chipmaking machine. CNBC went to the Netherlands for a tour of the lab in April. Before that, High NA had never been filmed, even by ASML’s own team.Inside the lab, High NA qualification team lead Assia Haddou gave CNBC an exclusive, up-close look at the High NA machines, which she said…