Month: October 2024
FDA eyes McDonald’s supplier Taylor Farms as source of E. Coli outbreak
A McDonald’s Quarter Pounder hamburger is shown in this photograph, in New York’s Times Square, Wednesday, Oct. 23, 2024. An E. coli outbreak has been traced to McDonald’s Quarter Pound hamburgers served with raw slivered onions. Richard Drew | AP The Food and Drug Administration said Thursday that it’s investigating whether Taylor Farms, a supplier […]
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OpenAI disbands another safety team, head advisor for ‘AGI Readiness’ resigns
OpenAI is disbanding its “AGI Readiness” team, which advised the company on OpenAI’s own capacity to handle increasingly powerful AI and the world’s readiness to manage that technology, according to the head of the team. On Wednesday, Miles Brundage, senior advisor for AGI Readiness, announced his departure from the company via a Substack post. He […]
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The art market is in a correction as big spenders fade
A gallery staff member looks at a painting by Andy Warhol & Jean-Michel Basquiat, Collaboration, 1982-1985, estimate £1,000,000 1,500,000 during a photo call at Christie’s auction house showcasing the highlights of 20th/21st Century Evening Sale in London, United Kingdom on October 06, 2023. Wiktor Szymanowicz | Future Publishing | Getty Images A version of this […]
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Presidential election is a dead heat though Trump leads Harris big on economy, says CNBC survey
With less than two weeks remaining before the election, the CNBC All-America Economic Survey shows the presidential contest remains a statistical dead heat both nationally and in the battleground states, unchanged from the August survey though there have been some notable movements among key groups. Nationally, former President Donald Trump holds a 48%-46% lead over […]
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Air taxi firm Lilium plunges 45% after saying main subsidiaries will file for insolvency
German company Lilium produces flying electric passenger drones. Lilium Shares of Lilium tanked Thursday after the air taxi firm said in a filing that its two main subsidiaries will file for insolvency in the coming days. The German aerospace startup’s shares plunged more than 60% before paring losses to 45% following the news. In a U.S. regulatory filing, […]
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Britain announces major change to fiscal rules to free up billions in spending
Britain’s Finance Minister Rachel Reeves has pledged to make the “necessary”, “urgent” and “incredibly tough” choices to restore the country’s economic stability. Pool | Getty Images News | Getty Images U.K. Finance Minister Rachel Reeves on Thursday confirmed she intends to change the country’s fiscal rules in the October budget, a move designed to free […]
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Another European Central Bank member says a jumbo cut is on the table
Mārtiņš Kazāks, governor of the Bank of Latvia and a member of the European Central Bank’s Governing Council, on Thursday weighed in on the possibility of a jumbo half-point interest rate cut for December. When asked for his views on a 50-basis rate cut by the ECB at its next meeting, he said that “everything […]
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TKO Group to acquire IMG, Professional Bull Riders and On Location from Endeavor for $3.25 billion
TKO Group, the company that owns WWE and UFC, is expanding into sports-adjacent properties by acquiring three businesses for $3.25 billion from its controlling owner, Endeavor Group. The businesses are Professional Bull Riders, On Location and IMG, the companies announced Thursday. The deal is all stock, and Endeavor’s ownership in TKO will increase from 53% to […]
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Jeff Vinik sells stake in NHL’s Tampa Bay Lightning to investor group
Jeffrey Vinik, owner of the Tampa Bay Lightning. Adam Jeffery | CNBC The Tampa Bay Lightning’s ownership group is expanding. Vinik Sports Group, run by titan investor Jeff Vinik, is selling a portion of the National Hockey League team to a group of investors led by Doug Ostrover and Marc Lipschultz. Terms of the deal […]
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Stocks making the biggest moves premarket: Tesla, UPS, Lam Research, IBM and more
Check out the companies making headlines before the bell. Tesla – Shares of the electric vehicle maker soared nearly 13% thanks to the company’s better-than-expected profit for the third quarter. The company also expects to see vehicle growth of 20% to 30% next year, according to CEO Elon Musk. United Parcel Service – The parcel […]
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