Month: August 2024
Kamala Harris to accept Democratic nomination on Day 4 of DNC. Here’s who else is speaking
Vice President Kamala Harris will formally accept the Democratic Party’s nomination for president in a speech on the final night of the Democratic National Convention on Thursday in Chicago. Harris’ running mate, Minnesota Gov. Tim Walz, accepted the party’s nomination for vice president on Wednesday. Here’s who else is expected to speak — and perform […]
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Josh Shapiro blasts Trump for calling him ‘overrated Jewish Governor’
Pennsylvania Governor Josh Shapiro speaks on Day 3 of the Democratic National Convention (DNC) at the United Center, in Chicago, Illinois, U.S., August 21, 2024. Mike Segar | Reuters Pennsylvania Gov. Josh Shapiro on Thursday accused Donald Trump of peddling antisemitism after the Republican presidential nominee called him a “highly overrated Jewish Governor.” “I think […]
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Perplexity AI plans to start running ads in fourth quarter as AI-assisted search gains popularity
Perplexity AI logo is seen in this illustration taken January 4, 2024. Dado Ruvic | Reuters Perplexity AI, the artificial intelligence startup that’s been embroiled in controversy due to accusations of plagiarizing content from media outlets, plans to start running ads on its search app in the fourth quarter, CNBC has learned. The company, which […]
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Snowflake shares sink 13% on decelerating product revenue growth
Sridhar Ramaswamy, CEO of Snowflake and formerly co-founder and CEO of startup Neeva, speaks at the Collision conference in Toronto on June 21, 2022. Eóin Noonan | Sportsfile | Collision | Getty Images Shares of Snowflake fell 13% on Thursday after the data cloud analytics company released fiscal second-quarter 2025 earnings that beat Wall Street’s […]
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Stocks making the biggest moves midday: Urban Outfitters, Peloton, Advance Auto Parts and more
Check out the companies making headlines in midday trading. Crocs — Shares of the footwear company gained nearly 2% following an upgrade to buy at Williams Trading. The investment firm said Crocs’ addition of actress Sydney Sweeney as a spokesperson for its Heydude brand could reverse previously negative sales trends. Nordson — The adhesives stock […]
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Philadelphia Fed President Harker advocates for interest rate cut in September
Key Points Philadelphia Federal Reserve President Patrick Harker provided a strong endorsement to an interest rate cut on the way. “I think it means this September we need to start a process of moving rates down,” Harker told CNBC. Kansas City Fed President Jeffrey Schmid also spoke to CNBC, offering a less direct take on […]
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Mike Lynch, man once dubbed ‘Britain’s Bill Gates,’ dies at age 59
Mike Lynch, 59, is the founder of enterprise software firm Autonomy. He was acquitted of fraud charges in June after defending himself in a trial over allegations that he artificially inflated Autonomy’s value in an $11.7 billion sale to tech giant Hewlett Packard. Chris Ratcliffe | Bloomberg | Getty Images LONDON — British technology entrepreneur […]
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CNBC’s Inside India newsletter: The search for a stock market alternative
A bronze bull statue outside the Bombay Stock Exchange (BSE) building in Mumbai, India, on Monday, June 3, 2024. India’s stock futures jumped after exit polls indicated a resounding victory for Prime Minister Narendra Modi’s ruling party in general elections that concluded Saturday. Photographer: Dhiraj Singh/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images […]
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Peloton to start charging subscribers with used equipment $95 activation fee
Peloton on Thursday said it will start charging new subscribers a one-time $95 activation fee if they bought their hardware on the secondary market as more consumers snag lightly used equipment for a fraction of the typical retail price. The used equipment activation fee for subscribers in the U.S. and Canada comes as Peloton starts […]
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Stocks making the biggest moves premarket: Crocs, Paramount Global, Deutsche Bank, Snowflake and more
Check out the companies making headlines in premarket trading: Crocs — The footwear stock ticked up more than 1% after an upgrade to buy from hold at Williams Trading. The investment firm said Crocs’ move to sign actress Sydney Sweeney as a spokesperson for its Heydude brand could help reverse negative sales trends. Agilent Technologies […]
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