Month: August 2024
Life Time is creating its own pickleball as the sport booms
Life Time has filed a patent to create The Ultimate Pickleball. Courtesy: Life Time Tired of playing with pickleballs he found inconsistent in bounce and durability, Life Time‘s founder and CEO Bahram Akradi decided to take matters into his own hands. On Friday, the upscale fitness and lifestyle company announced it has created what it […]
Read More
Tesla’s board faces questions from Elizabeth Warren about Musk’s corporate ‘entanglements’
Elon Musk and Robyn Denholm Tim Rue | Bloomberg | Getty Images; Telstra Sen. Elizabeth Warren, D-Mass., is asking the Tesla board if it’s looked into CEO Elon Musk’s use of company resources to benefit his other ventures, including SpaceX and xAI. “Tesla’s Board of Directors appears to be failing to meet its fiduciary duties to […]
Read More
Online disinformation sparked a wave of far-right violence in the UK — here’s how
Riot police officers push back anti-migration protesters outside the Holiday Inn Express Hotel which is housing asylum seekers on August 4, 2024 in Rotherham, United Kingdom. Christopher Furlong | Getty Images News | Getty Images It didn’t take long for false claims to appear on social media after three young girls were killed in the British town […]
Read More
JPMorgan Chase is giving its employees an AI assistant powered by ChatGPT maker OpenAI
Key Points JPMorgan Chase has rolled out a generative AI assistant to tens of thousands of its employees, the initial phase of a broader plan to inject the technology throughout the bank. The program, called LLM Suite, is already helping more than 60,000 employees with tasks like writing emails and reports. The software is expected […]
Read More
Stocks making the biggest moves premarket: Taiwan Semiconductor, Insulet, Paramount Global and more
Check out the companies making headlines in premarket trading. Taiwan Semiconductor — Stock in the chipmaker rose about 1% before the opening bell after the company reported strong July revenue, which showed an increase of nearly 45% year-over-year, according to a StreetAccount report. The Trade Desk — Shares gained nearly 4% after the ad-buying company […]
Read More
European markets climb as U.S., Asia-Pacific stocks bounce back
Commercial office buildings in the City of London, UK, on Monday, Aug. 5, 2024. Betty Laura Zapata | Bloomberg | Getty Images LONDON — European markets were higher on Friday as they looked to shake off recent choppiness and follow Wall Street and Asia-Pacific stocks higher. The pan-European Stoxx 600 was last 0.53% higher at […]
Read More
Wealthy investors find opportunities in stock market sell-offs
Stock market information displayed at the Nasdaq MarketSite in New York, US, on Monday, Aug. 5, 2024. Michael Nagle | Bloomberg | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your […]
Read More
SoftBank-backed Indian EV startup Ola Electric pops 20% on debut valuing firm at $4.8 billion
Bhavish Aggarwal, Chief Executive Officer (CEO) of Ola Cabs and founder of Ola Electric speaks during a press conference ahead of the Initial Public Offer (IPO). Ashish Vaishnav | Sopa Images | Lightrocket | Getty Images Shares of Ola Electric surged 20% on their market debut on Friday, valuing the Indian electric vehicle startup at […]
Read More
China’s Ningbo port reports explosion on container ship, state news agency says
An aerial photo is showing containers at Beilun Port in Ningbo, Zhejiang province, China, on April 11, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — One of China’s highest-traffic ports, Ningbo-Zhoushan in Zhejiang province, reported an explosion on board a container ship on Friday afternoon, according to state news agency Xinhua. No casualties or […]
Read More
CVC consortium to buy UK investment firm Hargreaves Lansdown for $6.9 billion
A logo on the headquarters of Hargreaves Lansdown Plc in Bristol, UK, on Thursday, Aug. 8, 2024. Bloomberg | Bloomberg | Getty Images British investment firm Hargreaves Lansdown said on Friday it had agreed to a takeover offer equivalent to £5.4 billion ($6.9 billion) by a consortium including CVC Capital Partners. This is a breaking […]
Read More