Tencent’s Honor of Kings mobile game drew a record 33,000 fans to watch a final competition in Beijing on Nov. 16, 2024. CNBC | Evelyn Cheng BEIJING — Chinese gaming giant Tencent is betting on a rise in female players worldwide for its mobile game Honor of Kings, which rolled out to the U.S. and other countries in June. Already a hit in China, the game drew a record 33,000

Trump Media & Technology Group (DJT) stock closed over 16% higher on Monday following a report from the Financial Times that said the company, which operates the social network Truth Social, is in advanced talks to acquire crypto exchange Bakkt (BKKT). Bakkt stock gained over 162% on Monday following the report. The company is majority-owned by NYSE parent company Intercontinental Exchange (ICE). President-elect Donald Trump maintains a roughly 60% interest

Article content A northern Ontario First Nation has decided it is willing to continue with the process to potentially become host to a deep geological repository for Canada’s nuclear waste. The Nuclear Waste Management Organization plans to select a site this year where millions of bundles of used nuclear fuel will be placed in a network of underground rooms connected by cavernous tunnels. Article content The process for the $26-billion

Netflix (NFLX) shares recovered from earlier losses on Monday after the streaming giant’s highly anticipated boxing event between heavyweight champion Mike Tyson and YouTube personality Jake Paul experienced technical glitches throughout the live broadcast. The issues have sparked concerns about the company’s ability to deliver other types of live programs, especially with the upcoming NFL Christmas Day games in just over a month. Customers complained about buffering disruptions and streaming

Shares of Super Micro Computer (NASDAQ: SMCI) were surging today as investors awaited a plan from the company to stay in compliance with the Nasdaq and maintain its listing. Following a delay in its 10-K filing, the Nasdaq told Supermicro in September that it was out of compliance with its standards and that it had two months to file the annual report or submit a plan to get back in

Canada’s Bestar has agreed to a more than $16 million civil penalty for failing to report a defect in its wall beds until after one person was killed and more than a dozen others injured, some seriously, federal officials say. Starting in September of 2014 and continuing through 2022, Bestar received numbers of reports that the products had detached from the wall. By 2016, the company was told of two cases

After two years of annual gains north of 20% for the S&P 500 (^GSPC), Wall Street strategists think 2025 will see a more measured year for stocks. On Monday, BMO Capital Markets chief investment strategist Brian Belski initiated a 2025 year-end target of 6,700 for the S&P 500. On Sunday, Morgan Stanley chief investment officer Mike Wilson issued a 12-month target of 6,500 for the S&P 500. Belski’s target reflects

Check out the companies making headlines in midday trading: Spirit Airlines — Trading in shares of the discount airline was halted on Monday after Spirit filed for bankruptcy . Trump Media & Technology Group — Shares in President-elect Donald Trump’s media company pulled back roughly 5%. Although the stock has been increasingly volatile in the wake of Trump’s election, it has gained more than 52% in 2024. Liberty Energy ,

Super Micro Computer (NASDAQ: SMCI) stock has been in free fall for the last six months. A myriad of issues related to its accounting practices have spooked investors. After the company announced it would have to delay the release of its 10-K annual report for its fiscal 2024 ended June 30, it also faced the possibility of its stock being delisted from the Nasdaq Stock Exchange. It has now hit

Breadcrumb Trail Links Finance Banking News Regulators must remain vigilant to prevent repeat of Silicon Valley Bank crisis, Financial Stability Board cautions G20 Get the latest from Barbara Shecter straight to your inbox Sign Up Published Nov 18, 2024  •  3 minute read You can save this article by registering for free here. Or sign-in if you have an account. The head of the global agency for banking stability called