Companies & Startups News

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Decoding the Middle East's late-stage venture capital gap

The Middle East's venture capital ecosystem faces a paradox: despite deep pools of capital, startups struggle to secure the funding needed to scale. Bloomberg's Laura Gardner Cuesta discusses the implications with Joumanna Bercetche on H...

Bloomberg

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Trump criticizes Musk's new 'America Party' as feud grows

President Donald Trump called Elon Musk's plans to form a new political party "ridiculous," launching new barbs at the tech billionaire.

Reuters

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All you need to know about Neuralink's Telepathy update

Elon Musk's brain chip company Neuralink hosted its 2025 summer update event in June, briefing the public on developments with two company products: Telepathy and Blindsight. Today, we look at the most important updates on Telepathy.

Mashable

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Kenya startup launches AI app to bridge sign language, hearing gap

A Kenyan tech startup is developing an innovative application called SignVrse, aimed at bridging the communication gap between sign language users and the hearing world. Using artificial intelligence, the platform interprets between spee...

Al Jazeera

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New polls shows Europeans want tougher enforcement on Big Tech

French, German and Spanish participants to a YouGov survey called for stricter EU enforcements of digital regulations and consider Big Tech more powerful than the EU.

Euronews

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Tesla stock falls after Trump feud reignites

Craig Irwin, Roth Capital Partners, joins 'Closing Bell Overtime' to talk Tesla's stock sliding as Elon Musk reignites his feud with President Trump.

CNBC

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Startup from Nepal deploying drones to help climbers on Everest

CNN’s Allison Chinchar reports on a Nepalese startup that utilizing drones to carry equipment up and down Mt. Everest for climbers. The drones also bring garbage back down.

CNN

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Driving Force: Uber CEO Dara Khosrowshahi

He's the son of an immigrant family who fled Tehran and the Iranian revolution. He's also the chief executive officer of Uber, who has worked to change the culture of the company he took over in 2017, helping make it a leading transporta...

CBS News

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FedEx skips full forecast due to uncertainties

FedEx Corp. warned that its profit would be worse than expected this quarter and declined to offer guidance for the rest of the year, underscoring the significant impact that President Donald Trump's trade war continues to have on its bu...

Bloomberg

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How AT&T found its focus

Since John Stankey became AT&T CEO in 2020, the company has streamlined its focus around connectivity and concentrated on developing fiber broadband and 5G wireless networks. Stankey and CFO Pascal Desroches tell Bloomberg why they're co...

Bloomberg

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China companies 'desensitized' to external threats: McKinsey

Joe Ngai, Chairman of McKinsey China, believes that corporates in China have shown resilience despite external threats including tariff uncertainties and geopolitical tensions in the Middle East.

CNBC

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Starbucks reportedly considering full sale of its China operations

Starbucks may be considering selling its China operations as it grapples with declining market share and pressure from low-cost domestic rivals, according to a Caixin report.

CNBC

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Israeli arms firm threatens to sue France over Paris Air Show shutdown

Rafael and other Israeli arms companies were blocked from exhibiting at the Paris Air Show for refusing to remove attack weapons from display. The firms say the move is discriminatory and are preparing legal action.

Euronews

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AWS announces new CPU chip: Here's what to know

Amazon Web Services is set to announce an update to its Graviton4 chip that includes 600 gigabits per second of network bandwidth, what the company calls the highest offering in the public cloud.

CNBC

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The startup exposing digitally-altered social media content

In a world of picture-perfect posts, it’s getting harder to tell whether the image you're looking at has been digitally enhanced. At VivaTech in Paris, a Canadian startup is using AI to uncover the hidden edits behind influencer content.

Africanews

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Warner Bros. Eyes Mid 2026 For Full Separation

Warner Bros. Discovery Inc. is splitting itself in half, unshackling its fast-growing streaming business from the struggling legacy media channels and setting up two independent companies that could pursue deals on their own. Bloomberg's...

Bloomberg

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Trump-Musk feud puts at risk billions in SpaceX contracts, jolts NASA

About $22 billion worth of SpaceX's government contracts is at risk and multiple U.S. space programs could face dramatic changes in the fallout of Elon Musk and President Donald Trump's explosive feud.

Reuters

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European stocks mixed as trade, U.S. economy remain in focus

The European Stoxx Automobiles and Parts index is 0.5% lower in early trade, after Tesla saw $152 billion wiped from its market cap in the wake of CEO Elon Musk’s public spat with U.S. President Donald Trump.

CNBC

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Walmart plans to expand deliveries by drone

Walmart is bringing drone deliveries to three more states. The big-box retailer said it plans to launch the speedier delivery option at 100 stores in Atlanta, Charlotte, Houston, Orlando and Tampa within the coming year.

CNBC

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Big companies pull back on Pride Month sponsorships

As Pride Month kicks off around the U.S., several big companies are reconsidering their sponsorships of LGBTQ+ events. A recent Forbes report looks at the impact of companies rolling back diversity, equity and inclusion policies and thei...

CBS America

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Trump reshapes DEI in corporate America

President Donald Trump is attempting to reshape corporate America by cracking down on DEI initiatives. The Verna Myers Company Diversity Pioneer Vernā Myers explains the implications on these cuts on "Bloomberg Markets.

Bloomberg

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Isar Valley: How Munich became Europe's preeminent startup capital

In the Bavarian capital, international talent meets an ecosystem built to help startups succeed. Here, founders gain access to capital, expertise, and networks that can turn ideas into thriving businesses.

DW News

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MyPillow guy faces jury in defamation trial

CNN’s Donie O’Sullivan talks to MyPillow CEO Mike Lindell as he prepares to take the stand in a defamation case brought against him by a former Dominion Voting Systems employee

CNN

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Warner Bros. Discovery shareholders reject CEO pay

Warner Bros. Discovery shareholders voted to reject the pay packages for several of the company's executives, including CEO David Zaslav's compensation package of more than $50 million.

CNBC

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TSMC denies Middle East fab plans

TSMC has denied reports that the company is considering setting up a semiconductor fabrication plant in the Middle East. CNBC's Emily Tan reports.

CNBC

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OpenAI announces Stargate UAE

CNBC's Kristina Partsinevelos joins 'Squawk on the Street' to discuss the latest details on OpenAI's new venture in the Middle East.

CNBC

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California startup cleans both air and water

CNBC's Diana Olick reports on startups combatting climate change. California startup Capture6 repurposes water treatment waste for clean water and carbon dioxide.

CNBC

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Legal loophole helping businesses mitigate tariffs

CNBC's Karen Gilchrist explains how businesses are utilizing a quirk in U.S. customs law, known as the 'first sale rule,' to mitigate the biggest impact of tariffs.

CNBC

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Trump seeks to take Fannie Mae, Freddie Mac public

President Trump reiterated that his administration is working to take mortgage giants Fannie Mae and Freddie Mac public, but still keep them under U.S. government oversight. CBS News business contributor Javier David breaks down what thi...

CBS America

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What's next for SpaceX's Starship after test flight mishap

The ninth test flight of SpaceX's Super Heavy-Starship rocket launched from Texas, but it wasn't all smooth flying. CBS News space consultant Bill Harwood has the details.

CBS News