Month: August 2024
Harris allies make a pitch to CEOs that she would be good for business
CHICAGO — Vice President Kamala Harris’ allies in the business community are privately making a pitch to CEOs about why they should back her over former President Donald Trump, according to people familiar with the matter. At private parties and meetings during the Democratic National Convention, corporate executives close to Harris told CNBC they are delivering […]
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U.S. job growth revised down by the most since 2009. Why this time is different
People line up as they wait for the JobNewsUSA.com South Florida Job Fair to open at the Amerant Bank Arena on June 26, 2024, in Sunrise, Florida. Joe Raedle | Getty Images There’s a lot of debate about how much signal to take from the 818,000 downward revisions to U.S. payrolls — the largest since […]
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Microsoft will release controversial Windows Recall AI search feature to testers in October
Microsoft Chair and CEO Satya Nadella speaks on the company’s campus in Redmond, Washington, on May 20, 2024. Jason Redmond | AFP | Getty Images Microsoft said Wednesday it will release its controversial Recall artificial intelligence search feature for Windows users to test beginning in October. Recall takes screenshots of activity on screen so people […]
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Morgan Stanley says these crypto miners could benefit by turning their sights to data centers
As tech companies consider how best to scale the buildout of data centers over the next few years, Morgan Stanley has identified what it views as an up-and-coming, underappreciated opportunity: converting bitcoin mining sites to data centers. “We believe we are at a very early stage in terms of investor recognition of the upside potential […]
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Fed minutes point to ‘likely’ rate cut coming in September
Federal Reserve officials at their July meeting moved closer to a long-awaited interest rate reduction, stopping short while indicating that a September cut had grown increasingly probable, minutes released Wednesday showed. “The vast majority” of participants at the July 30-31 meeting “observed that, if the data continued to come in about as expected, it would […]
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The Democratic playlist to nominate Harris: Lil Jon, Beyoncé, Taylor Swift, Springsteen
Lil Jon performs during the roll call on Day 2 of the Democratic National Convention (DNC) at the United Center, in Chicago, Illinois, U.S., August 20, 2024. Elizabeth Frantz | Reuters The Democratic National Convention changed its tune this election year, getting delegates joyfully dancing and singing as they nominated Vice President Kamala Harris to […]
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Stocks making the biggest moves midday: Target, JD.com, Macy’s and more
Check out the companies making headlines in midday trading: Target — Shares of the retailer surged 12% on second-quarter results that surpassed Wall Street’s expectations. The company maintained its cautious outlook but said sales grew roughly 3%. JD.com — The U.S.-traded shares of the Chinese e-commerce company fell more than 5% after Walmart confirmed it […]
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Watch CNBC’s full interview with Hyatt CEO Mark Hoplamazian
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Hyatt CEO Mark Hoplamazian joins ‘Money Movers’ to discuss their plans to acquire Standard International, the parent company of the Standard and Bunkhouse Hotels brands, and what this acquisition means for Hyatt. Source
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Epic Systems is building more than 100 new AI features for doctors and patients. Here’s what’s coming
Epic’s Deep Space auditorium during UGM 2024. Courtesy: Epic Systems In an underground auditorium packed with thousands of health-care executives this week, Epic Systems CEO Judy Faulkner stepped on stage to deliver a keynote dressed like a swan, feathers and all. Even by the tech industry’s more casual standards (take Nvidia CEO Jensen Huang’s trademark […]
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Europe markets close higher with Fed in focus; UK net borrowing higher than expected
LONDON — European stock markets closed higher Wednesday, rebounding after snapping a long winning streak on Tuesday. The pan-European Stoxx 600 index provisionally closed 0.32% higher on Wednesday as nearly all sectors traded positive. Autos climbed 1.45% and mining stocks added 1.02%, while telecoms dipped 0.24%. The regional benchmark closed in the red on Tuesday, snapping a strong […]
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