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Cerebras Systems Stock Jumps 15.67% as AI Chipmaker’s Wild Trading Swings Continue Since May IPO Debut

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Shares of Cerebras Systems Inc. surged 15.67%, or $34.31, to $253.29 as of 12:08 p.m. EDT Monday, extending a pattern of dramatic price swings that has defined the artificial intelligence chipmaker’s stock since its blockbuster public debut earlier this year.

Monday’s rally adds to what has already been one of the most volatile trading histories among recent major technology listings. Cerebras stock has moved through an extraordinarily wide range over the past several weeks alone, climbing from roughly $176.88 on July 20 to as high as $262.06 by Aug. 12, before pulling back sharply amid concerns tied to the company’s most recent earnings report and competitive pressures within the AI chip sector.

Cerebras made its Nasdaq debut on May 14 in what became the largest U.S. technology initial public offering since Snowflake’s 2020 listing. The company, which designs specialized wafer-scale semiconductors for AI training and inference, priced its shares at $185 apiece, above an already-raised range, raising approximately $5.55 billion by selling 30 million shares. Demand for the offering proved extraordinary: shares opened at $350 on their first day of trading, nearly double the IPO price, before touching an intraday high of $385 and ultimately closing that first session at $311.07, a gain of 68.2%. The debut valued the company at nearly $70 billion on a standard basis, or as much as $86 billion on a fully diluted basis that accounted for restricted shares, stock options and warrants, according to Bloomberg data at the time.

Since that dramatic opening, Cerebras shares have continued to whipsaw sharply in both directions, reflecting the market’s ongoing effort to price a company that combines rapid revenue growth with substantial ongoing losses. The company’s most recent quarterly report showed record second-quarter revenue of $209.9 million, exceeding consensus analyst expectations of roughly $193.6 million. Despite that revenue beat, shares fell as much as 12% to 17% in the sessions following the report, as investors focused instead on a narrowing but still substantial operating loss, heavy customer concentration risk, and broader questions about the durability of demand for the company’s specialized AI hardware relative to established competitors.

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Cerebras’ most significant rival remains Nvidia, the world’s most valuable publicly traded company and the dominant supplier of graphics processing units used across the AI industry. Cerebras has positioned its wafer-scale engine technology, which places an entire silicon wafer’s worth of computing power onto a single chip rather than relying on clusters of smaller GPUs, as offering meaningful speed and cost advantages over traditional GPU-based architectures, though the approach also carries tradeoffs, including significant power consumption and a cost of up to $3 million per computing node, according to technical descriptions of the company’s systems.

Despite the stock’s volatility, Cerebras has continued to expand its commercial partnerships within the broader AI industry. The company announced last week that its chips are now powering a new “Ultrafast” service tier within OpenAI’s application programming interface for GPT-5.6 Sol, with Cerebras saying its hardware helps the model run up to 14 times faster than standard configurations. Cerebras has also maintained a partnership with Amazon, and OpenAI previously launched one of its AI models running specifically on Cerebras’ chip infrastructure earlier this year, underscoring the company’s efforts to establish itself as a credible alternative supplier within the rapidly expanding AI infrastructure market.

Wall Street analyst sentiment toward Cerebras has remained largely positive despite the stock’s sharp swings. Citi has maintained a buy rating on the shares, while Craig-Hallum has similarly reaffirmed its own buy recommendation on the stock following the company’s recent earnings report. Investment firm Wedbush also remained bullish following the second-quarter results and raised its price target on the stock even as shares fell in the immediate aftermath of the earnings release, according to coverage of the report. Notable institutional investors have also continued showing interest in the stock; Cathie Wood’s ARK Invest reportedly purchased approximately $25 million worth of Cerebras shares in a single trading session while simultaneously trimming its position in Palantir Technologies, according to reporting on the fund’s portfolio activity.

Cerebras’ underlying financial profile continues to reflect a company in an aggressive, early-stage growth phase. The company reported total quarterly revenue of $180.11 million in an earlier period this summer, alongside a net loss of approximately $450.53 million and a basic loss per share of $2.98, figures that illustrate the substantial gap that remains between the company’s current revenue base and profitability. Cerebras has maintained a substantial cash position exceeding $6.7 billion, providing what analysts have described as significant financial runway to continue funding its aggressive expansion within the AI infrastructure market despite ongoing losses.

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The stock’s 52-week trading range illustrates just how dramatic Cerebras’ volatility has been since its public debut, with shares having traded as low as $160.81 and as high as $386.34 over the past year, according to trading data. That range reflects a stock that has, at various points, traded both well above and well below its already elevated first-day closing price, underscoring the market’s continued uncertainty about how to value a company combining rapid top-line growth, significant ongoing losses, and a business model built around challenging one of the world’s most dominant technology companies in Nvidia.

Cerebras was founded in 2015 by Sean Lie, Andrew Feldman, Gary Lauterbach, Michael James and Jean Philippe Fricker, and is headquartered in Sunnyvale, California. Feldman, the company’s co-founder and chief executive, has continued to publicly defend the company’s long-term growth trajectory following the stock’s post-earnings decline, with at least one Wall Street analyst characterizing recent investor skepticism as “missing the forest for the trees” relative to the company’s broader positioning within the AI infrastructure buildout, according to commentary on the stock following its second-quarter results.

As Cerebras continues navigating its first several months as a public company, Monday’s sharp rally adds another chapter to what has already become one of the more closely watched and volatile trading stories among this year’s crop of high-profile AI-related public listings, with investors continuing to weigh the company’s rapid revenue growth and expanding partnership base against its substantial ongoing losses and intensifying competition within the broader AI semiconductor market.

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LARRY KUDLOW: Trump and the GOP Actually Have a Strong Election Message as Long as They Make It

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LARRY KUDLOW: No sock puppet — Kevin Warsh will bring a gust of fresh air to the Federal Reserve

So one of the political lessons of the primary election season is how badly polls have been wrong. Comrade Abdul El-Sayed in Michigan was supposed to win by more than 20 percentage points, but instead barely escaped by a thin cat’s whisker.

And the extremist Francesca Hong in Wisconsin was also supposed to win by 20 points or so. But she lost by an even thinner cat’s whisker.

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And there are plenty of other examples. Where am I going with all this? Well, all these polls show President Trump’s supposed unpopularity on Iran or the economy or the much-abused term affordability may turn out to be very wrong in the midterm elections. 

Now, true enough, Mr. Trump’s not on the ballot, but I think when he really gets revved up on the campaign trail, and the GOP House and Senate people nationalize the election, we’re gonna find out that actual voters will reject big-government socialism and un-American values, as Newt Gingrich calls them.

Most of the recent polls don’t get likely voters. Instead they ask adults or registered voters and they’re frequently asking loaded questions. Now, one exception is my pal John McLaughlin, whose likely voter polls show that actually, people want Mr. Trump to finish Iran off. And additionally, a large majority prefers free market capitalism to socialism.

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What’s more, the economy is doing far better than the mainstream press is telling us. Mr. Trump has always scored well with working class voters of all shapes and sizes. We are in a manufacturing boom. It is the strongest in years, probably decades.

Treasury Secretary Scott Bessent keeps telling people about the 105,000 hard goods producing jobs added this year alone. And since Mr. Trump came into office, the economy has produced 93,400 factory construction jobs. Think hard hats, think working folks.

Meanwhile, financial journalist John Carney reports that manufacturing wages have increased by nearly 5 percent so far this year. And that’s twice the inflation rate. 

On top of that, we’ve seen almost 400,000 federal jobs drop, and almost 900,000 private sector jobs created, which shows the Trumpian reconstruction of Biden’s big-government socialism.

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Now, speaking of affordability and inflation, the democratic socialists love to talk about it. But it was under President Biden’s big-government socialism that the consumer price index cumulatively rose 21.4 percent during his four years.

Now, recently, even with the temporary bump up in energy prices from the Iran War, Mr. Trump’s new Federal Reserve chief, Kevin Warsh, has brought the inflation rate down to near zero in the last couple of months. And frankly, just over the past six months only 2.4 percent at an annual rate, which is nearly akin to the Fed’s 2 percent target.

Also, talking about affordability, Here’s one: Prescription drug prices have been plunging. Over the past year, they have declined 3.4 percent. And during Mr. Trump’s second term, they have not increased in any single month.

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Now, these are just snippets of potential national messaging. Clearly, though, Mr. Trump’s free enterprise capitalism is powering a prosperous economy. And, hopefully, it will be buttressed with some middle class tax reform as part of the midterm election package.

Now, just as clearly, Democrats favor Medicare for All and huge tax increases and a state-run economy and open borders and defunding the police and defunding ICE and packing the Supreme Court and ending the Senate and other crazy notions that I think are gonna be very unpopular with real likely voters.

So don’t pay much attention to these early polls.

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Earnings call transcript: BHP posts record FY 2026 output, stock edges higher

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Vector FY26 slides: profit jumps 55% on regulatory reset

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(VIDEO) Australian Researchers Film Dolphins Using Seashells to Trap Fish, Revealing Rare Tool-Use Behavior

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Scientists in Australia have captured the first published footage of dolphins on the country’s east coast using large empty seashells to trap and catch fish, a discovery that suggests this rare tool-using behavior may have emerged independently in two dolphin populations separated by thousands of kilometers.

Researchers from the University of the Sunshine Coast recorded two separate sightings of the behavior, known as “shelling,” among Indo-Pacific bottlenose dolphins in the Great Sandy Marine Park off Hervey Bay, Queensland, between July and October 2025. The findings, published in the peer-reviewed journal Marine Mammal Science, mark the first scientifically documented instances of the behavior anywhere on Australia’s east coast. Until now, the only published evidence of shelling had come from a distinct dolphin population in Shark Bay, Western Australia, located more than 3,000 kilometers away, according to some measurements, or as much as 6,000 kilometers by other calculations of the distance between the two locations.

Shelling involves a dolphin chasing a fish into a large, empty gastropod shell — often a bailer shell, which can grow to roughly the size of a football — before lifting the shell to the water’s surface and tipping it to drain the trapped fish into its mouth. Researchers describe the behavior as a genuine form of tool use, a trait considered rare among animals and one that has drawn significant scientific interest for what it may reveal about cognition and cultural transmission in non-human species.

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Dr. Alexis Levengood, an animal behaviorist at the University of the Sunshine Coast and the study’s lead author, described the moment her research team first spotted the behavior in the wild. “We were on a research boat off Hervey Bay when we spotted a dolphin raising something large out of the water. I started screaming because I know what shelling looks like,” Levengood said.

Levengood further detailed the mechanics of the observed hunting technique. “It’s a hunting behavior where dolphins chase fish into large empty shells, bring the shell to the surface and then shake it to drain the fish into their mouths,” she said. “We were able to record footage and take photographs of dolphins shelling in the Great Sandy Marine Park, which is the first published record of it on the east coast of Australia.”

Perhaps the most striking aspect of the discovery involved a second observation in which researchers captured what may be the first documented evidence of a young dolphin learning the shelling technique directly from its mother, a process known as maternal social transmission. According to the researchers, they observed an adult female dolphin surface with a shell, after which the trapped fish escaped and the dolphin dropped the shell to continue the chase. Minutes later, the dolphin’s calf picked up the same discarded shell and held it in a manner similar to how its mother had handled it moments earlier.

Levengood explained the significance of that observation for scientific understanding of how dolphins acquire complex hunting behaviors. “Our footage provides the first potential evidence of maternal social transmission – a process by which offspring learn behaviour by observing the actions of its mother,” she said. “It challenges the belief that dolphins learn this tool use from their peers.” Previously, scientists had generally believed dolphins acquired shelling primarily through observing other dolphins within their broader social network, rather than through direct learning from a parent.

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The research team also uncovered evidence that the behavior had likely been occurring in the Hervey Bay dolphin population for far longer than previously recognized, despite going scientifically undocumented. According to the researchers, conversations with local whale-watching tour operators revealed that shelling had actually been observed and photographed in the Great Sandy Marine Park as far back as 2013, with additional sightings recorded in 2019. Those earlier, informal observations had gone unreported in scientific literature due to limited dedicated research activity in the region, the team said.

The wide geographic separation between the two documented dolphin populations — one in Shark Bay on Australia’s west coast and the other in Hervey Bay on the east coast — has led researchers to a striking interpretation: that both populations may have arrived at the same specialized hunting technique independently, rather than the behavior having spread through direct contact between the two groups, which are not known to interact given the vast distance and different oceanic regions separating them. Researchers cautioned, however, that while the documented behavior in both locations matches closely, their observations did not include a test capable of definitively reconstructing the exact original moment either population first developed the technique.

Levengood noted that shelling requires considerably more cognitive and physical sophistication than simply manipulating an object. A dolphin attempting the behavior must locate a suitable empty shell, understand that fish often seek shelter inside such shells, successfully position and maintain the shell’s opening during its ascent to the surface, and then drain the shell’s contents without allowing the trapped fish to escape, a sequence of coordinated steps that researchers say justifies classifying the shell as a genuine tool rather than an incidental object.

The discovery adds to a broader and growing body of research documenting tool use across the animal kingdom, a phenomenon once believed to be unique to humans. Some of the earliest documented evidence of tool use among non-human animals dates back to the 1960s, when primatologist Jane Goodall famously observed wild chimpanzees using sticks to extract termites from hollow logs, a finding that fundamentally challenged prevailing assumptions about the uniqueness of human tool use. Since then, researchers have documented numerous other examples across the animal kingdom, including primates using stones as hammers to crack open nuts and fruit, and separate populations of Shark Bay dolphins that have been observed covering their beaks with basket sponges torn from the seafloor, a technique that helps them forage for fish hidden in the sand while protecting their sensitive snouts from injury.

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Reflecting on the broader implications of the new findings, Levengood emphasized how much remains unknown about the origins and spread of such behaviors among wild dolphin populations, while underscoring what the discovery reveals about dolphin intelligence more broadly. “There’s still a lot we don’t know and many questions we will hopefully ask and answer with time,” she said. “But better understanding of shelling, and other tool use in non-human animals, will continue to teach us more about ourselves and how and why we evolved the way we did. These findings highlight how smart, clever and innovative dolphins are.”

The research team plans to continue monitoring the Hervey Bay dolphin population through ongoing boat surveys, an effort researchers say could help clarify how widespread the shelling behavior actually is within the group and whether additional evidence of mother-to-calf learning can be documented in future sightings.

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Jeanie Buss opposes Lakers stake sale to Bob Iger, Joshua Kushner

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Lakers' Jeanie Buss says dad would have supported sale to Mark Walter

Minority owner Jeanie Buss of the Los Angeles Lakers and her husband, Jay Mohr, prior a first round NBA playoffs game between the Lakers and the Minnesota Timberwolves at Crypto.com Arena in Los Angeles, April 19, 2025.

Keith Birmingham | MediaNews Group | Pasadena Star-News | Getty Images

Los Angeles Lakers governor Jeanie Buss is opposing the potential sale of her family’s stake in the NBA team, contradicting an earlier ESPN report about the family’s decision to sell to Bob Iger and Joshua Kushner.

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In a letter obtained by CNBC addressed to law firms representing Jeanie Buss’s siblings — Jim, Johnny, Janie, Joey and Jesse — her lawyer Adam Streisand says Jeanie Buss has not agreed to sell the team and that any vote suggesting the Buss family is selling “would be and is void.”

Streisand argues in the letter that Jeanie Buss remains the controlling shareholder of the Lakers, pursuant to a 2017 court order, and that no sale can take place without her consent.

“No sale of the JAB Trust’s 17.8% ownership interest in the Los Angeles Lakers, Inc. can be effectuated without approval by the current co-trustees, i.e., Jeanie, Janie and Joey Buss. Pursuant to the JAB Trust and the attached Court Order, the co-trustees are bound to vote the Los Angeles Lakers, Inc. shares to ensure that the minimum 15% ownership requirement is maintained in order to ensure that Jeanie Buss may remain Controlling Owner,” Streisand says in the letter.

“Any attempt by the co-trustees to do otherwise, and any attempt to aid or abet the co-trustees as such, would constitute a breach of trust, breach of fiduciary duty and be in contempt of court,” he says.

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Last week, Iger and Kushner agreed to buy Mark Walter’s majority stake in the Lakers. That deal valued the team at $12.5 billion, CNBC reported at the time. The Buss family stake would have meant an overall team ownership share of approximately 83% for the former Disney CEO and Thrive Capital founder, ESPN reported.

But Jeanie Buss doesn’t want to sell the family’s stake in the team at this time, according to a person familiar with the matter, who spoke on the condition of anonymity about confidential matters. She wants to hold onto the team stake for value reasons as well as to maintain her role as governor, the person said.

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Read the full letter from Jeanie Buss’s attorney:

This story is developing. Please check back for updates.

Correction: A previous headline on this article misidentified one of the potential buyers of the Buss family stake in the Los Angeles Lakers.

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Users Report Problems With New York State’s Official Website as Monitors Show Site Mostly Operational

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Users Report Problems With New York State's Official Website as

Some users reported difficulty accessing New York State’s official government website, ny.gov, though independent monitoring services largely showed the site functioning normally as of Monday, illustrating the kind of discrepancy that often accompanies isolated or intermittent online service disruptions.

Ny.gov serves as the central portal for New York State government, providing residents with access to a wide range of services, including applications for the Supplemental Nutrition Assistance Program, log-in access to NY.Gov ID accounts used across various state services, information on the Summer EBT food assistance program, and updates from statewide officials including Gov. Kathy Hochul, Comptroller Thomas P. DiNapoli and Attorney General Letitia James.

Independent status-checking services offered largely reassuring readings on the site’s operational status around the time reports emerged. IsItDownChecker, a third-party monitoring service, reported that ny.gov was “UP and responding normally” as of a check timestamped 11:02 a.m. GMT Monday, recording a response time of 179 milliseconds, an indicator generally consistent with normal server performance. The service noted that user reports of the site’s status were “at normal levels” at the time of the check, showing no clear evidence of a broader outage.

A separate check specifically targeting the New York State Department of Motor Vehicles website, a frequently used subdomain of the broader state government system, similarly showed normal operation. According to data compiled by outage-tracking service IsDownUS, automated checks conducted early Monday morning recorded consistent 200 HTTP status codes, the standard signal indicating a webpage loaded successfully, with response times ranging between roughly 1.8 and 1.9 milliseconds across multiple checks conducted between Aug. 15 and Aug. 17.

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Despite those largely normal readings from automated monitoring tools, isolated user reports of access problems are not uncommon for large, heavily trafficked government websites, and such reports do not always indicate a site-wide outage. According to guidance published by IsItDownChecker, real disruptions affecting a website like ny.gov do not always present identically to every user, and can include several distinct patterns: server-side errors such as “502 Bad Gateway” or “503 Service Unavailable” messages, domain name system resolution failures that prevent a browser from locating the site at all, security certificate errors that cause a browser to block access even when the underlying site is functioning, or problems affecting only specific subsystems, such as a login portal failing while the rest of the site continues to operate normally.

The monitoring service also noted that when its own automated checks, which run from a centralized data center, are able to successfully reach a site, that generally indicates the disruption — if a user is experiencing one — may be limited to a specific internet service provider, geographic region or individual device rather than affecting the site broadly. In such cases, the service suggests potential fixes including switching to a different network connection, such as toggling between cellular data and Wi-Fi, changing a device’s DNS resolver settings, or testing access through a virtual private network connected to a different geographic region. If a problem persists only for an individual user despite the site functioning normally elsewhere, the guidance suggests the issue is more likely tied to a corrupted local DNS cache, an interfering browser extension, an outdated cached security certificate, or restrictions imposed by a corporate or institutional firewall.

New York State government systems have experienced significant, confirmed disruptions in the past, though none of comparable scale has been reported in connection with Monday’s user complaints. In July 2024, a widespread global technology outage tied to a faulty software update from cybersecurity firm CrowdStrike affected numerous systems both within New York State government and among private businesses across the state. Gov. Hochul addressed the incident directly at the time, seeking to reassure residents that the disruption did not stem from malicious activity. “The outage is having impacts here in New York for private sector businesses that rely on CrowdStrike, and for systems even within the New York State Government. I want to be very clear, at this time, we have no indication that this is a hack or a cyber security threat. It is more of a technical issue,” Hochul said at the time.

During that 2024 incident, state officials emphasized that emergency services, including 911 call centers, remained operational statewide despite the broader disruption, though several counties reported their internal computer systems had been affected. Hochul noted that backup systems allowed those affected jurisdictions to continue functioning despite the outage. “Our top priority is emergency services. We’re working with localities to ensure that 911 systems are operational. Multiple counties have notified our Office of Emergency Management that their internal computer systems have been impacted, and thankfully, all of them have backup systems for situations like this. New Yorkers in all 62 counties are able to call 911 at this time,” Hochul said.

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Separately, the state’s DMV system has previously undergone planned service interruptions unrelated to any technical malfunction. In February, the department temporarily took all DMV applications offline for several days to implement a modernized technology system, according to a memo distributed to law enforcement agencies at the time. That planned outage, which ran from Friday afternoon through the following Wednesday, was designed to allow the department to test and launch new infrastructure rather than respond to an unplanned service failure.

As of this report, New York State officials had not issued any public statement acknowledging a confirmed, ongoing technical issue affecting ny.gov specifically in connection with Monday’s user reports, and the state’s official website continued to display standard service listings and public information, including recent press releases regarding electric vehicle charging infrastructure funding and upcoming state program deadlines, without any visible indication of a service disruption banner or maintenance notice.

Given the discrepancy between scattered individual user reports and the largely normal readings recorded by independent monitoring services, it remains possible that any issues experienced Monday were limited to specific users, regions or internet service providers rather than reflecting a broader outage affecting the site as a whole. Residents experiencing persistent difficulty accessing New York State’s official website or its associated services, such as the DMV portal or NY.Gov ID login system, were generally advised by monitoring services to attempt a full browser refresh, clear cached data and cookies, or try accessing the site from an alternative device or network before assuming a wider outage was underway.

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Avax One Technology amends investor agreement, increases note principal amounts

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Fifa: Kevin Lamour sacked after criticising president Gianni Infantino

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General view outside Fifa global headquarters in Zurich, Switzerland.

Fifa’s chief operating officer Kevin Lamour has been sacked by the governing body, less than three weeks after he strongly criticised its president Gianni Infantino’s aborted plan to sell stakes in competitions to private investors, BBC Sport has been told.

In a statement, a Fifa spokesperson would only confirm that “the working relationship between Fifa and Kevin Lamour as Chief Operating Officer has ended on 17 August 2026.

“Fifa thanks Kevin for his two years of service and wishes him the best of luck for the future.”

Fifa’s staff were informed of the news in an email by its secretary general Mattias Grafstrom on Monday evening, who told them the organisation and Lamour had “agreed to part ways”.

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Last month, Lamour described the controversial Fifa Forward Enterprise (FFE) plans as “the project of one person”, and said “the time has now come for football political leaders to ask themselves the right questions and make the right decisions”.

He added Fifa’s own administration was “deceived” about the now abandoned project.

“Our mission – the mission of the hundreds of passionate, dedicated, and exemplary Fifa employees – is to serve football”, he added.

“A president must bring people together, unite them, and inspire them. Today, we are experiencing the opposite.”

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Lamour acknowledged he had a duty of loyalty to his employer but also to “certain values” and supporting his colleagues.

“If that means I lose my job, then so be it,” he added. “I will understand and respect that decision. At least I’ll sleep well tonight.”

Lamour joined Fifa in November 2024, having previously served as deputy general secretary at Uefa, and was two layers of management below Infantino.

Earlier this month, Infantino received the backing of senior executives in a meeting in Morocco, but BBC Sport was told Lamour was not invited.

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Lamour has been approached for comment.

In a letter sent to members of Fifa’s Council, and seen by BBC Sport, Grafstrom wrote: “I would like to provide you with an important update regarding a change within the Fifa Administration.

“Following recent discussions, Fifa and our Chief Operating Officer, Kevin Lamour have agreed to part ways. This decision was made after careful consideration and with great respect for Kevin, both personally and professionally… I felt it was important that I personally provide you this update and I would like to express my gratitude to Kevin for these contributions and for his work and commitment on behalf of Fifa on a daily basis. I wish Kevin all the best for the future.”

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The Thai government is ramping up efforts to crack down on illegal businesses and suspected nominee arrangements

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The Thai government is ramping up efforts to crack down on illegal businesses and suspected nominee arrangements
  • Thailand’s government has intensified enforcement against illegal business operations and suspected nominee shareholding arrangements in Bangkok’s Huai Khwang District. Joint inspections led by the Deputy Minister of Interior uncovered unlicensed hotels, fire safety violations, unauthorized foreign workers, and possible cases of Thai nationals holding shares on behalf of foreign investors.
  • An attempt to bribe officials during the operation prompted further investigation into potential misconduct by public servants. Authorities also plan to trace financial activities linked to illegal gambling and foreign platforms. The government intends to expand inspections nationwide and pursue legal action against corrupt officials, nominees, and foreign investors operating outside Thai law.

The Thai government is intensifying efforts against illegal businesses and nominee shareholding through inspections in Bangkok, revealing licensing issues, potential unauthorized employment, and investigating corruption among officials.


Key Points

  • The Thai government intensified efforts against illegal business networks and nominee shareholding in Bangkok’s Huai Khwang District, led by Deputy Minister of Interior Polapee Suwunchwee. Joint inspections revealed some hotels operating without licenses and potential violations related to foreign investment.
  • Inspections also highlighted issues with fire safety, unauthorized foreign workers, and construction irregularities. An operator attempted to bribe officials to evade legal action, prompting further investigation and possible disciplinary measures for involved public officials.
  • The government plans to expand inspections nationwide, focusing on public information, online reviews, and financial tracing. The commitment to legal action against corrupt practices aims to protect local entrepreneurs and restore public trust.

Thai Government Steps Up Action Against Illegal Businesses and Suspected Nominee Arrangements

The government has increased enforcement against illegal business networks and suspected nominee shareholding by conducting joint inspections of hotels and establishments in Bangkok’s Huai Khwang District.

Deputy Government Spokesperson Lalida Persvivatana stated that Deputy Minister of Interior Polapee Suwunchwee led the Integrated Huai Khwang operation on August 9, 2026, in response to public complaints and information.

​The operation involved the Department of Provincial Administration, the Immigration Bureau, the Department of Business Development, the Department of Employment, and the Department of Special Investigation.

​Preliminary inspections revealed that some hotels and establishments may have operated without licenses. Authorities also identified construction or modification issues requiring legal review, as well as possible cases of Thai nationals holding shares for foreign investors. Investigations and evidence collection are ongoing.

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​Officials also identified concerns with fire escapes, emergency exits, and fire-prevention systems. Labor inspections found foreign nationals potentially working without proper authorization or in roles reserved for Thai citizens.

​During the operation, a business operator allegedly attempted to offer benefits to officials in exchange for avoiding legal action and referenced local agency officials. The Interior Ministry has ordered further investigation, and disciplinary or criminal proceedings will follow if any public official is found to be involved.

​The Land Department will review property ownership, while investigators will trace financial activities, including QR codes potentially linked to illegal gambling sites, payments outside Thai bank accounts, and transactions on foreign platforms.

The Deputy Spokesperson stated that the government plans to expand inspections nationwide using public information, online platform reviews, and financial tracing. The government remains committed to taking decisive legal action against foreign capitalists, nominees, legal and accounting facilitators, and corrupt officials to protect Thai entrepreneurs and restore public trust.

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Source : Thai Government Steps Up Action Against Illegal Businesses and Suspected Nominee Arrangements

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'I used food banks while my ex owed thousands in child maintenance'

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Parents have told BBC Panorama the agency tasked with helping to secure financial support for children after separation or divorce is driving them to breaking point.

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