Month: September 2024
Top 10 people most likely to reach trillionaire status
Combination showing Elon Musk (L), Gautam Adani (C), and Jensen Huang (R) Reuters 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 inbox. On Sept. 29, 1916, newspapers across the country announced a wealth […]
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Stocks making the biggest moves midday: Intel, Nio, Super Micro Computer and more
Check out the companies making headlines in midday trading: Nio — U.S. shares of the Chinese electric vehicle maker popped 2% after a JPMorgan upgrade to overweight from neutral. The firm said Nio could be in for a recovery rally after a tough year so far. Super Micro Computer — Shares shed 6% after JPMorgan […]
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Home listings are up more than 60% in some cities. Here’s where
A for sale sign is displayed outside of a home for sale on August 16, 2024 in Los Angeles, California. United States real estate industry rules governing agent commissions will change on August 17 as part of a legal settlement between the National Association of Realtors and home sellers. (Photo by Patrick T. Fallon / […]
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European stocks end week down 2.5%, worst since early August slump
LONDON — European stocks closed lower Friday afternoon, paring earlier gains after a weaker than expected U.S. jobs report clouded global sentiment. The pan-European Stoxx 600 closed down 1.15%, with all major bourses and almost all sectors ending in the red. Tech and mining stocks saw the biggest losses, shedding 2.39% and 2.41%, respectively. Health […]
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Millionaires are moving to these 5 European cities — and London doesn’t make the list
Pascale Gueret | Istock | Getty Images Millionaires are eyeing up European cities as they look to relocate — but London doesn’t make the top five, according to a new report. Some 83% of high-net-worth individuals — defined as those earning $1 million or more — who are considering moving countries favor city living for […]
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S&P 500 slips, heads for worst week since April: Live updates
Traders work on the floor of the New York Stock Exchange during afternoon trading on Sept. 5, 2024. Michael M. Santiago | Getty Images The S&P 500 fell slightly Friday, and headed for its worst week since April, as investors assessed a weaker-than-expected August jobs report and its implication on U.S. monetary policy. The broad […]
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U.S. airlines cool hiring after adding 194,000 employees in post-Covid spree
A pilot performs a walkaround before a United Airlines flight Leslie Josephs/CNBC U.S. passenger airlines have added nearly 194,000 jobs since 2021 as companies went on a hiring spree after spending months in a pandemic slump, according to the U.S. Department of Transportation. Now the industry is cooling its hiring. Airlines are close to their […]
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OpenAI gives artists access to unreleased tools like Sora for New York gallery exhibit
OpenAI announced Friday a New York City art gallery collaboration that gives artists access to unreleased artificial intelligence tools. The exhibit, a series called “Strada Nuova: New Road” on view at Strada Gallery will run for three weeks and centers on a “diverse group of artists [that] is curated to consist of brilliant researchers, academics, […]
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The Kansas City Chiefs are the NFL’s current dynasty — here’s why they are worth less than teams that regularly miss the playoffs
Patrick Mahomes and Travis Kelce of the Kansas City Chiefs celebrate a victory in 2022. David Eulitt | Getty The NFL team that has won three of the last five Super Bowls is worth less than the organizations with the two longest playoff droughts in the league. The Kansas City Chiefs, the NFL’s current dynasty, […]
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Honor looks to get ahead of Apple in China with its own AI assistant
Huawei spin off Honor had one of the most prominent booths at Mobile World Congress in February 2023. It was right next to Samsung’s stand in a sign that Honor is targeting the South Korean firm in the premium end of the smartphone market. Arjun Kharpal | CNBC Honor announced its first artificial intelligence assistant […]
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