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Michael Intrator, Founder & CEO of CoreWeave, Inc., Nvidia-backed cloud services provider, gestures during the company’s IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025. Brendan Mcdermid | ReutersCoreWeave shares popped 19% after announcing a $2 billion debt offering.The renter of artificial intelligence data centers powered by Nvidia chips said it had priced the notes at 9.25%, with a June 2030 maturity date. The deal represents a $500 million increase from its initial announcement.CoreWeave said it plans to use the capital to pay off outstanding debt. The company confirmed to CNBC that the debt offering was five…

Zoom In IconArrows pointing outwardsMicrosoft Build session on best security practices on Tuesday, May 20, 2025, shows internal communication about AI plans for Walmart.Source: MicrosoftMicrosoft AI security chief Neta Haiby showed a confidential Teams chat to a room full of people on Tuesday, revealing details from the company’s artificial intelligence plan for Walmart, according to materials viewed by CNBC.Protesters interrupted the Microsoft Build session on best security practices and Haiby switched her screen share amid the ruckus, showing that Walmart, one of Microsoft’s most significant customers, was “ready to ROCK AND ROLL with [Microsoft’s] Entra Web and Al Gateway.”The message,…

KUWAIT: Governor of the Central Bank of Kuwait Basel Ahmad Al-Haroon announced that the bank’s innovation hub “Wolooj” developed an innovative technology for generating cryptographic keys, marking a major leap in data protection and information security. This technology reflects the bank’s commitment to creating a secure digital environment that supports advanced technologies, a Central Bank statement noted on Wednesday.It relies on generating randomness from unconventional data sources that are highly complex and difficult to predict. This data is then processed and transformed into digital streams used to extract randomness, which is subsequently combined with other secure randomness sources generated by…

CNN  —  Oklahoma City Thunder star guard Shai Gilgeous-Alexander was named NBA Most Valuable Player for the 2024-25 regular season for the first time in his career on Wednesday. Gilgeous-Alexander said he tried “so hard to not think about” winning the MVP award throughout the season but gave credit to his teammates for the honor. “Just worry about playing basketball and getting better and trying to win games,” he told the NBA on TNT crew with his Thunder teammates sitting all around him. “But as a competitor, and as a kid dreaming of the game, it’s always in the back…

CNN  —  Moments before President Donald Trump escorted his South African counterpart into the Oval Office on Wednesday, White House aides could be seen wheeling two large-screen televisions down the driveway and into the West Wing. Little could have prepared President Cyril Ramaphosa for what he was about to see. Trump ordered the lights dimmed and launched into what amounted to an ambush of his visitor, screening a video he claimed was evidence for his false suggestion that White South Africans are being subjected to persecution and “genocide.” A shocked Ramaphosa, who had just been exchanging pleasantries with Trump about…

By B Izzak & KUNAKUWAIT: Ten people were injured in an explosion at a commercial center in Fahaheel on Wednesday, resulting from a gas leakage, the fire department said. Fire brigades from Fahaheel and Ahmadi put out the resultant fire, the fire department said in a statement. The 10 injured people were handed to health authorities for treatment, it added. The leakage took place at a restaurant in the commercial center and some of those injured were workers at the restaurant.Meanwhile, power cuts on Wednesday hit about 40 residential areas and about 10 agricultural and industrial areas as temperatures rose…

Brennan Johnson’s scrappy first-half goal fired Tottenham to their first trophy in 17 years with a 1-0 Europa League final win over Manchester United.It was a game – and goal – that was befitting of a clash between the Premier League’s 16th and 17th-placed teams, but it was Spurs who finally broke their silverware drought, winning their first title since 2008. Ange Postecoglou’s claim earlier in the campaign that he always wins trophies in his second season has also been proven correct. Whether it is enough for him to remain as Spurs manager remains to be seen but the club…

MADRID — Real Madrid forward Endrick will be out for two months and miss the Club World Cup due to a hamstring injury, sources confirmed to ESPN.Meanwhile, sources confirmed that Endrick’s Madrid teammate Jude Bellingham plans on undergoing surgery on his troublesome left shoulder after the tournament.Editor’s Picks2 RelatedThe club released a statement on Wednesday that their medical staff had diagnosed Endrick with an injury to the hamstring tendon in his right leg, the latest in a rash of injuries for Madrid in recent months. While Madrid did not give a timeline for his recovery, sources said he is set…

Earlier this month, Jackie Han, an audience member at the Berkshire Hathaway annual shareholder meeting, stood to ask a question of company chairman and CEO Warren Buffett. “As you might guess, coming from a Chinese family, we always had a soft spot for real estate,” Han said.Plenty of Americans feel the same way. Each year, Gallup asks U.S. adults their preferred investment for long-term returns, and for 12 consecutive years, real estate has been the most popular answer. This year, 37% of those surveyed identified real estate as their top choice, compared to just 16% who chose stocks.What does the…

The market’s remarkable one-month turnaround from the tariff-induced rout may have many investors wondering how to position themselves for what lies ahead. The S & P 500 is above the level it traded on April 2, when President Donald Trump detailed his sweeping tariff policy. Stocks tumbled in the wake of that announcement and remained rocky as the president walked back many of those levies and announced a pause for negotiations. The broad-based index is now up 1% year to date, as of Tuesday’s close — when it ended lower and snapped a six-day win streak. Stocks were down again…