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Donald Trump's crypto project, World Liberty Financial, published a 13-page document on Thursday, describing its mission, how tokens can be allocated, and indicating that the Republican presidential nominee and his family could take home 75% of net revenue. In what it calls the "World Liberty Gold Paper," WLF said the Trump family will receive 22.5 billion "$WLFI" tokens, currently valued at $337.5 million, based on the price of 1.5 cents per token at launch this week. Trump, who's in a virtual dead heat with Vice President Kamala Harris as the election reaches its closing stages, has spent months pumping his crypto project, previously branding it as "The DeFiant Ones," a play on DeFi, short for decentralized finance. On Tuesday, the project launched the WLFI token and said in a roadmap th...

Google is replacing Prabhakar Raghavan, the company's search and ads boss, with longtime Google executive Nick Fox.The move was announced by Alphabet CEO Sundar Pichai, who said in a blog post on Thursday that Raghavan will be moving into the role of chief technologist after 12 years of leading teams across the search company. Raghavan will continue to report to Pichai in the new role, the company told CNBC in a statement."Prabhakar has decided it's time to make a big leap in his own career," Pichai wrote in the post. "In this role, he'll partner closely with me and Google leads to provide technical direction and leadership and grow our culture of tech excellence."The move comes as Google continues to restructure its teams to move more quickly in the artificial intelligence arms race, wher...

Several companies are due to report earnings next week, including some potential standouts. Earnings season is ramping up, with 22% of S & P 500 members expected to post their quarterly results next week. So far, most of the constituents that have reported third-quarter earnings have exceeded earnings and revenue expectations, according to FactSet. Against this backdrop, CNBC Pro screened Bespoke Investment Group data to find names reporting next week that tend to positively surprise investors and boast strong postearnings performances. The companies below have exceeded the Street's earnings per share expectations 70% of the time and have risen 2% or more on earnings day. Here are the names that met this criteria: ServiceNow tends to make the biggest postearnings gain of the list at ab...

With a resurgence of travel demand driving strong earnings and analyst upgrades, the cruise line industry appears to be entering a new bullish regime. While charts like Carnival Corp. (CCL) have once again become overbought, the strength of the recent breakout suggests they may just be getting started. Starting with the weekly chart, we can see that over the last 18 months, Carnival had found consistent resistance around $19.50. Through the course of 2024, numerous tests of this price resistance led to a pullback down to around $14, as the stock settled into a fairly consistent price range. The longer a resistance level is tested, the more meaningful it becomes when the price finally breaks above this price ceiling. Or as legendary technical analyst Alan Shaw used to say, "The broader the ...

Avishek Das | Lightrocket | Getty ImagesFBI agents on Thursday morning arrested a 25-year-old Alabama man on charges related to the hack in January of the Securities and Exchange Commission's X account, which led to the price of bitcoin spiking by more than $1,000, the Department of Justice announced.The man, Eric Council Jr., is charged with conspiracy to commit aggravated identity theft and access device fraud, the DOJ said. The Athens resident is expected to appear later Thursday in U.S. District Court for the Northern District of Alabama.Council is accused of conspiring with others to hack the SEC's account and send a fake tweet in the name of the agency's chairman, Gary Gensler, on Jan. 9 that said, "Today the SEC grants approval for #Bitcoin ETFs for listing on all registered nationa...