Natural gas exporter Venture Global will begin trading Friday in the first major initial public offering under the Trump administration, testing investor appetite for energy stocks as the White House looks to implement a sweeping agenda aimed at boosting oil and gas production. "The Trump administration has made very clear they support growing LNG exports," Venture CEO Mike Sable told CNBC in an interview Friday. Venture Global is currently the second-largest largest LNG exporter in the U.S. behind Cheniere. Venture priced its initial public offering of 70 million shares at $25 to raise $1.75 billion for a total valuation of $60.5 billion.
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Welcome to CNBC's home on LinkedIn! Follow us for regular updates about financial news, top CNBC.com stories, behind-the-scenes moments and more. CNBC, Inc. provides business news in the United States and Canada. It provides real-time financial market coverage and business information. The company, through its Web site, cnbc.com, provides real-time market analysis; video programming daily; industry and topic-specific blogs; cnbc.com live stream, a long-form scheduled programming of events; charts; and investing tools. The company was founded in 1989 and is headquartered in Englewood Cliffs, New Jersey. CNBC, Inc. operates as a subsidiary of NBC Universal, Inc.
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Putin described Trump, who this week threatened to hit Russia with new sanctions and tariffs if it did not negotiate an end to the war, as smart and pragmatic.
Russia's Putin says he and Trump should meet to talk about Ukraine war, energy prices
cnbc.com
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Meta CEO Mark Zuckerberg on Friday announced the company plans to invest around $60 to $65 billion in capital expenditure in 2025 as it continues to build out its artificial intelligence infrastructure. Zuckerberg said 2025 will be "a defining year for AI" and that Meta is building a large datacenter that "would cover a significant part of Manhattan" to power its AI offerings. Additionally, Meta will bring on around 1 gigawatt in compute and end the year with more than 1.3 million graphics processing units, he said. "This is a massive effort, and over the coming years it will drive our core products and business, unlock historic innovation, and extend American technology leadership," Zuckerberg wrote in a post on Facebook.
Zuckerberg sets Meta's AI targets for the year, expects to spend $60 billion on growth
cnbc.com
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After years of lobbying by the crypto industry, the U.S. Securities and Exchange Commission has rescinded an accounting rule that forced banks to treat bitcoin and other tokens as a liability on their balance sheets. The guidance was a major deterrent to Wall Street banks owning bitcoin — and was the latest in a string of actions taken by the new Trump administration to make it easier for U.S. companies and financial firms to deal in virtual, decentralized currencies. The guidance, known as Staff Accounting Bulletin 121, or SAB 121, was introduced in 2022 and subjected digital assets to strict capital requirements. The measure, which significantly raised the financial and regulatory risks of offering crypto custody services, boosted operational costs for financial institutions and ultimately discouraged broader participation by Wall Street in crypto markets.
SEC revokes unpopular banking rule that blocked Wall Street banks from adopting crypto
cnbc.com
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Sabina Nawaz knows what turns her off in job interviews. She is an executive coach with over two decades of experience, and prior to starting her own firm, Nawaz worked at Microsoft for 15 years, including as a senior director of human resources. Some of her top job interview red flags are not showing up on time, not having the camera positioned correctly if you're doing a virtual interview and not following up with a "thank you" message.
How to nail your job interview according to an ex-Microsoft HR executive: Don't say ‘I'm smart, I work hard’
cnbc.com
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People often tell me they're searching for their purpose, as if it's some elusive treasure hidden just out of reach. They imagine that if they could just find it, life would fall into place. Without it, they fear everything will be lost. As a hospice doctor, I spend a lot of time with people facing the end of their lives. I've seen firsthand why this belief can lead to anxiety in up to 91% of people at some point in their lives. My response is always the same: You don't find purpose — you create it.
The No. 1 mistake people make when trying to live a meaningful life with zero regrets, from a hospice doctor
cnbc.com
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Three buzz words this year among politicians and business leaders at the World Economic Forum's annual meeting in Davos Switzerland: diversity, equity and inclusion. It's no surprise DEI is on corporate leaders' minds since it's been front and center at the White House as well. "My administration has taken action to abolish all discriminatory diversity, equity and inclusion nonsense," President Donald Trump said Thursday during a virtual appearance in Davos. "America will once again become a merit-based country."
Here's what CEOs are saying about DEI at Davos
cnbc.com
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Just days into President Donald Trump’s second administration, Wall Street is singing a different tune on crypto. “For us, the equation is really around whether we, as a highly regulated financial institution, can act as transactors,” Morgan Stanley CEO Ted Pick told CNBC on Thursday at the World Economic Forum in Davos, Switzerland. Read more: cnb.cx/40ulgSL
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A little-known AI lab out of China has ignited panic throughout Silicon Valley after releasing AI models that can outperform America's best despite being built more cheaply and with less-powerful chips. DeepSeek, as the lab is called, unveiled a free, open-source large-language model in late December that it says took only two months and less than $6 million to build, using reduced-capability chips from Nvidia called H800s. The new developments have raised alarms on whether America's global lead in artificial intelligence is shrinking and called into question big tech's massive spend on building AI models and data centers.
How China’s new AI model DeepSeek is threatening U.S. dominance
cnbc.com
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Wealthy leaders share the financial advice they gave their kids, including invest early, budget —and think carefully about inheritance.
Wealthy leaders share financial advice they gave their kids: Invest early, learn from failure — and think carefully about inheritance
cnbc.com