Month: September 2024
If GPS goes dark, Mesa Quantum has a backup plan
Flight delays in Sao Paolo, Brazil. Truckers led down unsafe routes in Richmond, Vermont. And power grid disruptions throughout Ukraine. These troubles stem from a global communication system highly reliant on GPS satellites and the signals they transmit for essential functions. To ensure that U.S. infrastructure won’t fall apart — even if the nation’s GPS […]
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S&P 500 futures slide for a third day after weak ADP jobs data, tech shares lead decline: Live updates
S&P 500 futures declined Thursday and investors dumped risk assets as concerns mounted over the health of the U.S. economy. Futures for the S&P 500 dipped 0.1%, while Nasdaq 100 futures dropped 0.2%. Futures tied to the Dow Jones Industrial Average hovered near the flatline. Investors ditched popular technology and chipmaker stocks as economic worries […]
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Stocks making the biggest moves premarket: C3.ai, Tesla, JetBlue and more
Check out the companies making headlines in premarket trading. C3.ai — The technology stock tumbled 19.2% after on weaker-than-expected subscription revenue during the company’s fiscal first quarter. C3.ai posted $73.5 million for the top line, while analysts polled by FactSet had penciled in $79.2 million. Verizon , Frontier Communications — Verizon announced it will purchase […]
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CNBC’s Official 2024 NFL Team Valuations: Here’s how the 32 franchises stack up
CNBC Official 2024 NFL Team Valuations Join us on Sept. 10 in Los Angeles for CNBC x Boardroom’s Game Plan. This high-powered event brings together industry leaders, visionaries and influencers, along with executives and investors to explore the dynamic intersection of business, sports, music and entertainment. For more information and to request an invitation, click […]
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AstraZeneca says staff detained in China amid reports of a drug-import investigation
The office building of biopharmaceutical company AstraZeneca is being seen in Shanghai, China, on May 23, 2024. Nurphoto | Getty Images Some employees of British pharmaceutical giant AstraZeneca have been detained by police in China as part of an investigation, the company confirmed Thursday. “We are aware a small number of our employees in China […]
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AI gadgets have been a bust so far. Apple aims to change that
Jaque Silva | SOPA Images | Lightrocket | Getty Images In late 2022, OpenAI’s launch of ChatGPT spurred an explosion of interest in the possibilities for artificial intelligence. Within months, some of the biggest tech companies in the world, including Microsoft, Meta and Google, joined the party, launching their own AI chatbots and generative AI […]
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Former EU Brexit negotiator Michel Barnier named new French prime minister
BRUSSELS, BELGIUM – MARCH 05: European Union Chief Brexit negotiator Michel Barnier speaks during a conference after the first round of UK-EU negotiations in Brussels, Belgium on March 05, 2020. Anadolu Agency French President Emmanuel Macron has named Michel Barnier, the European Union’s former Brexit negotiator, as prime minister in a bid to end a […]
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Tesla says it will launch Full Self Driving product in Europe and China early next year
A Tesla Model S car equipped with Autopilot. David Paul Morris | Bloomberg | Getty Images Tesla said it will launch its “Full Self Driving” driver assistance product in Europe and China early next year. In a post on the X social media platform, Elon Musk’s electric vehicle company on Thursday said that the service […]
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A supersized Fed rate cut this month could be ‘very dangerous’ for markets, economist warns
Federal Reserve Chair Jerome Powell announces interest rates will remain unchanged during a news conference at the Federal Reserves’ William McChesney Martin Building in Washington, D.C., on June 12, 2024. Kevin Dietsch | Getty Images A deeper interest rate cut from the Federal Reserve this month could spook financial markets and send the wrong message […]
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Visa debuts a new product designed to protect consumers making bank transfers
Key Points Visa said it plans to launch a dedicated service for account-to-account (A2A) payments, skipping the traditional — and often inflexible — direct debit process. Visa said consumers will be able to monitor these payments more easily and raise any issues by clicking a button in their banking app. The product will initially launch […]
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