Month: June 2024
OpenAI walks back controversial stock sale policies, will treat current and former employees the same
OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Jason Redmond | AFP | Getty Images OpenAI has reversed its policies toward secondary share sales, and will now allow current and former employees to participate equally in annual tender offers, CNBC has learned. The […]
Read More
Stock futures are little changed after Nasdaq Composite registers worst day since April: Live updates
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 24, 2024. Brendan McDermid | Reuters Stock futures were flat in overnight trading after a selloff in favored technology names brought the Nasdaq Composite to its worst day since April. Futures tied to the Dow Jones Industrial […]
Read More
Oracle warns that a TikTok ban would hurt business
Oracle CEO Safra Catz, center, departs following a meeting on Capitol Hill in Washington on June 18, 2024. Chief executives from major companies including Palantir Technologies and Oracle Corp. met with senators at the Capitol Tuesday to press for US support of Israel amid its invasion of Gaza, while seeking a way to release hostages […]
Read More
Nvidia slides 13% in three days after briefly becoming most valuable company
Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024. Ann Wang | Reuters Since briefly becoming the world’s most valuable company last week, Nvidia has dropped for three consecutive trading days and is now down 13% from its peak. Monday’s slide was the chipmaker’s second-steepest […]
Read More
Here’s how Wall Street is playing fixed income in the second half of the year
Fixed-income investors may want to consider making a few tweaks to their portfolio as the second half of the year gets underway. Despite earlier predictions of multiple interest rate cuts this year, the Federal Reserve has held the federal funds rate steady at the range of 5.25% to 5.50%. But the central bank is expected […]
Read More
Bitcoin drops to $60,000 stage to start the week: CNBC Crypto Earth
ShareShare Report by way of FbShare Posting by using TwitterShare Posting via LinkedInShare Report via E mail CNBC Crypto Environment capabilities the most current news and each day investing updates from the digital currency marketplaces and offers viewers with a glance at what is forward with superior-profile interviews, explainers, and exceptional stories from the ever-changing […]
Read More
Novo Nordisk to build $4.1 billion North Carolina facility to boost output of Wegovy, Ozempic
Novo Nordisk’s new manufacturing facility in Clayton, North Carolina. Courtesy: Novo Nordisk Novo Nordisk on Monday said it will spend $4.1 billion to build a new manufacturing plant in Clayton, North Carolina, in a bid to boost the supply of its blockbuster weight loss drug Wegovy, diabetes treatment Ozempic and other injectable therapies. Demand for […]
Read More
Disney’s ‘Inside Out 2’ could be the first billion-dollar movie of 2024
In Disney and Pixar’s “Inside Out 2,” Riley’s Sense of Self is made up of all of her beliefs, each of which can be heard with the pluck of a string. Sadness (voice of Phyllis Smith) and Joy (voice of Amy Poehler) deliver key memories to this formative land. Disney | Pixar Disney and Pixar’s […]
Read More
How AI is transforming the travel sector
ShareShare Article through FbShare Short article by means of TwitterShare Write-up through LinkedInShare Report via Email CNBC’s Julia Boorstin makes use of AI tools to plan her family vacation to Hawaii and shares particulars on how big tech organizations are entering the AI travel scheduling space. Supply
Read More
34-year-old making $400,000 at TikTok: Being let go from Meta in 2022 was ‘perfect timing’
This story is part of CNBC Make It’s Millennial Money series, which details how people around the world earn, spend and save their money. When Sora Lee was an undergraduate student at the University of California, Berkeley, she got what she considers to be pretty bad career advice. “‘Pursue a major that you’re passionate about,’” […]
Read More