Two traders have been extradited to Denmark to stand trial in the latest crackdown on a Cum-Ex scheme that cost the state billions of kroner. The pair were handed over by the United Arab Emirates to face charges that they defrauded the Danish treasury of more than 300 million kroner ($47 million), police said in a statement . The two were named as Rajen Ranmal Shah and Anupe Dhorajiwala, news wire...
Two traders have been extradited to Denmark to stand trial in the latest crackdown on a Cum-Ex scheme that cost the state billions of kroner. The pair were handed over by the United Arab Emirates to face charges that they defrauded the Danish treasury of more than 300 million kroner ($47 million), police said in a statement . The two were named as Rajen Ranmal Shah and Anupe Dhorajiwala, news wire Ritzau reported, citing the indictment. They are charged with serious fraud for allegedly filing 71 unlawful applications for dividend tax refunds in 2013 and 2014. Both have denied the charges, Ritzau reported, citing the pair’s lawyers. They were brought before a preliminary hearing on Friday and held in custody while the case proceeds. The trial is scheduled to begin in June. The fraud allegedly involved accounts at a small German lender North Channel Bank, which were used to record fictitious trades, broadcaster DR reported . Four other individuals are charged with dividend tax fraud that totals more than one billion kroner in the same case. Shah and Dhorajiwala had held senior roles at Solo Capital before starting their own operation, according to DR. Solo was founded by Sanjay Shah , who in 2024 was sentenced by Danish judges to 12 years in prison for orchestrating a dividend tax scheme that stripped over 9 billion kroner from Denmark’s coffers.
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Jari Stehn, Goldman Sachs, Chief European Economist; Phillips O’Brien, University of St Andrews, Strategic Studies Prof...
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Jari Stehn, Goldman Sachs, Chief European Economist; Phillips O’Brien, University of St Andrews, Strategic Studies Professor; Timothy Richards, Vue Founder and CEO. (Source: Bloomberg)
US stock futures were little changed Friday after a record-breaking session, as investors continued to evaluate corporate results into the end of earnings season’s busiest week. Contracts for the S&P 500 Index rose 0.2% ahead of the bell, while those for the Nasdaq 100 were slightly lower. Both indexes closed at new highs on Thursday , helped by Alphabet Inc. ’s post-earnings jump . Most global ma...
US stock futures were little changed Friday after a record-breaking session, as investors continued to evaluate corporate results into the end of earnings season’s busiest week. Contracts for the S&P 500 Index rose 0.2% ahead of the bell, while those for the Nasdaq 100 were slightly lower. Both indexes closed at new highs on Thursday , helped by Alphabet Inc. ’s post-earnings jump . Most global markets were closed for the Labor Day holiday Friday. West Texas Intermediate crude oil fell about 0.8% to around $104 a barrel. “It is the first day of the month, the weekly option expiry and investors are digesting some huge earnings, so I expect we will see some fireworks before market close,” Vikram Rai , portfolio manager and macro trader at First New York, said. Apple Inc. advanced 3.6% in premarket trading after the iPhone maker gave a better-than-expected revenue outlook after Thursday’s market close. Memory stocks Sandisk Corp. and Western Digital Corp. slid as estimate-topping earnings failed to clear high bars. Roblox Corp. tumbled around 25% after reporting fewer-than-anticipated users as it implemented safety features restricting how kids, who make up a majority of its audience, can use the platform. In the energy sector, Exxon Mobil Corp. and Chevron Corp. inched higher after beating expectations as crude prices surged. For Exxon, oil-production increases in Guyana and the Permian Basin helped offset supply losses due to the Middle East war. Both had earlier warned about diminished production due to the war, spurring some analysts to slash estimates . “Part of the challenge with giving guidance is, as you would imagine, we really don’t know how long the Strait of Hormuz will remain closed,” Exxon Chief Financial Officer Neil Hansen said in an interview. President Donald Trump on Thursday said he was sticking with a naval blockade of Iranian ports and was briefed by commanders on further military options, according to a report, underscoring the fragility of the c...
On the Lightning Round of Mad Money on April 29, 2026, a caller named Kimo from California, whose fiancée Michelle had gifted him Jim Cramer’s book the prior December, told the host he had “done quite well between December and now” on his rare earths bet. Cramer’s verdict on the name in question was unambiguous: ... Jim Cramer on MP Materials: “They’ve Got the Government’s Backing”
On the Lightning Round of Mad Money on April 29, 2026, a caller named Kimo from California, whose fiancée Michelle had gifted him Jim Cramer’s book the prior December, told the host he had “done quite well between December and now” on his rare earths bet. Cramer’s verdict on the name in question was unambiguous: ... Jim Cramer on MP Materials: “They’ve Got the Government’s Backing”
The hosts of The Best One Yet (TBOY) podcast have been arguing that the macro baton is changing hands. After interest rates dominated the economy for the past four years following the 2022 inflation spike, oil is now becoming the primary economic lever. The framing is straightforward. High interest rates “froze” housing markets, “closed” construction ... Oil Is Replacing Interest Rates as the Glob...
The hosts of The Best One Yet (TBOY) podcast have been arguing that the macro baton is changing hands. After interest rates dominated the economy for the past four years following the 2022 inflation spike, oil is now becoming the primary economic lever. The framing is straightforward. High interest rates “froze” housing markets, “closed” construction ... Oil Is Replacing Interest Rates as the Global Economy’s Dominant Force
watch now VIDEO 9:37 09:37 Pentagon CTO Emil Michael: Anthropic is still blacklisted, but Mythos is a separate issue Squawk Box Defense Department CTO Emil Michael on Friday said Anthropic is still a supply chain risk, but that Mythos, the company's artificial intelligence model with advanced cyber capabilities, is a "separate national security moment." "I think the Mythos issue that's being dealt...
watch now VIDEO 9:37 09:37 Pentagon CTO Emil Michael: Anthropic is still blacklisted, but Mythos is a separate issue Squawk Box Defense Department CTO Emil Michael on Friday said Anthropic is still a supply chain risk, but that Mythos, the company's artificial intelligence model with advanced cyber capabilities, is a "separate national security moment." "I think the Mythos issue that's being dealt with government wide, not just at Department War, is a separate national security moment where we have to make sure that our networks our hardened up, because that model has capabilities that are particular to finding cyber vulnerabilities and patching them," Michael told CNBC's "Squawk Box" on Friday. Michael's comments come after a heated clash between the DOD and Anthropic spilled into public view earlier this year. The DOD declared Anthropic a supply chain risk, which means its technology purportedly threatens U.S. national security, after the two sides failed to agree on how Anthropic's models could be used by the agency. Because of the supply chain risk designation, defense contractors have to certify that they do not use Anthropic's Claude models in their work with the military. Anthropic sued the Trump administration in March to try to reverse the Pentagon's blacklisting. Michael said Friday the DOD still wants guardrails, and that those "are negotiable based on what they are with all the companies, and they have different views on that." This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Joe Raedle Cathie Wood’s ARK Invest added to Meta Platforms ( META ) and Alphabet ( GOOG ) across multiple funds on April 30, while trimming Advanced Micro Devices ( AMD ). Transactions by Funds: ARK Innovation ETF ( ARKK ): Bought GOOG (43,953 shares), META (26,753); sold AMD (93,698) ARK Autonomous Technology & Robotics ETF ( ARKQ ): Bought GOOG (28,180); sold AMD (30,031) ARK Next-Generation In...
Joe Raedle Cathie Wood’s ARK Invest added to Meta Platforms ( META ) and Alphabet ( GOOG ) across multiple funds on April 30, while trimming Advanced Micro Devices ( AMD ). Transactions by Funds: ARK Innovation ETF ( ARKK ): Bought GOOG (43,953 shares), META (26,753); sold AMD (93,698) ARK Autonomous Technology & Robotics ETF ( ARKQ ): Bought GOOG (28,180); sold AMD (30,031) ARK Next-Generation Internet ETF ( ARKW ): Bought META (13,653); sold AMD (23,897) ARK Fintech Innovation ETF ( ARKF ): Bought META (6,795); sold AMD (11,895) ARK Space Exploration & Innovation ETF ( ARKX ): Bought GOOG (11,996); sold AMD (12,784) The moves came right after diverging post-earnings reactions. Meta ( META ) shares dropped 8.5% Thursday despite beating Q1 estimates, as investors focused on a higher 2026 capital expenditure outlook of $125B–$145B. In contrast, Alphabet ( GOOG ) jumped 9.9% after strong results and signaled even larger AI-driven spending ahead, raising its 2026 CapEx outlook to $180B–$190B and flagging further increases in 2027. Advanced Micro Devices ( AMD ), meanwhile, pulled back Tuesday as CEO Lisa Su met with U.S. Commerce Secretary Howard Lutnick to discuss artificial intelligence and U.S. technological leadership. The decline comes after a sharp run, with AMD stock up more than 68% over the past month, fueled in part by growing demand for agentic AI workloads. Recent reports indicate that AMD and rival Intel have been able to raise CPU prices as data center demand tied to agentic AI accelerates. More on ARK Innovation ETF, AMD, etc. Meta Platforms: What You Buy For AI Technology Growth Alphabet's TPU Move Changes The Entire Narrative Meta Q1 2026 Earnings: Nothing To Complain About Sell in May? Hard to make the case with this kind of AI momentum Meta layoffs: Zuckerberg blames higher AI spending, won't rule out further cuts
Joe Raedle Cathie Wood’s ARK Invest added to Meta Platforms ( META ) and Alphabet ( GOOG ) across multiple funds on April 30, while trimming Advanced Micro Devices ( AMD ). Transactions by Funds: ARK Innovation ETF ( ARKK ): Bought GOOG (43,953 shares), META (26,753); sold AMD (93,698) ARK Autonomous Technology & Robotics ETF ( ARKQ ): Bought GOOG (28,180); sold AMD (30,031) ARK Next-Generation In...
Joe Raedle Cathie Wood’s ARK Invest added to Meta Platforms ( META ) and Alphabet ( GOOG ) across multiple funds on April 30, while trimming Advanced Micro Devices ( AMD ). Transactions by Funds: ARK Innovation ETF ( ARKK ): Bought GOOG (43,953 shares), META (26,753); sold AMD (93,698) ARK Autonomous Technology & Robotics ETF ( ARKQ ): Bought GOOG (28,180); sold AMD (30,031) ARK Next-Generation Internet ETF ( ARKW ): Bought META (13,653); sold AMD (23,897) ARK Fintech Innovation ETF ( ARKF ): Bought META (6,795); sold AMD (11,895) ARK Space Exploration & Innovation ETF ( ARKX ): Bought GOOG (11,996); sold AMD (12,784) The moves came right after diverging post-earnings reactions. Meta ( META ) shares dropped 8.5% Thursday despite beating Q1 estimates, as investors focused on a higher 2026 capital expenditure outlook of $125B–$145B. In contrast, Alphabet ( GOOG ) jumped 9.9% after strong results and signaled even larger AI-driven spending ahead, raising its 2026 CapEx outlook to $180B–$190B and flagging further increases in 2027. Advanced Micro Devices ( AMD ), meanwhile, pulled back Tuesday as CEO Lisa Su met with U.S. Commerce Secretary Howard Lutnick to discuss artificial intelligence and U.S. technological leadership. The decline comes after a sharp run, with AMD stock up more than 68% over the past month, fueled in part by growing demand for agentic AI workloads. Recent reports indicate that AMD and rival Intel have been able to raise CPU prices as data center demand tied to agentic AI accelerates. More on ARK Innovation ETF, AMD, etc. Meta Platforms: What You Buy For AI Technology Growth Alphabet's TPU Move Changes The Entire Narrative Meta Q1 2026 Earnings: Nothing To Complain About Sell in May? Hard to make the case with this kind of AI momentum Meta layoffs: Zuckerberg blames higher AI spending, won't rule out further cuts
Imperial Oil ( IMO ) declares CAD 0.87/share quarterly dividend , in line with previous. Forward yield 1.91% Payable July 1; for shareholders of record June 4; ex-div June 4. See IMO Dividend Scorecard, Yield Chart, & Dividend Growth. More on Imperial Oil Limited Imperial Oil: Fundamentals Improving, Returns Compounding (Rating Upgrade) Imperial Oil: Evaluation After Its Earnings Report Imperial O...
Imperial Oil ( IMO ) declares CAD 0.87/share quarterly dividend , in line with previous. Forward yield 1.91% Payable July 1; for shareholders of record June 4; ex-div June 4. See IMO Dividend Scorecard, Yield Chart, & Dividend Growth. More on Imperial Oil Limited Imperial Oil: Fundamentals Improving, Returns Compounding (Rating Upgrade) Imperial Oil: Evaluation After Its Earnings Report Imperial Oil GAAP EPS of C$1.94, revenue of C$12.45B Imperial Oil Q1 2026 Earnings Preview Historical earnings data for Imperial Oil Limited