Month: October 2024
OpenAI launches ChatGPT search, competing with Google and Microsoft
In this photo illustration, the OpenAI logo is displayed on a mobile phone screen with a photo of Sam Altman, CEO of OpenAI. Didem Mente | Anadolu | Getty Images OpenAI on Thursday launched a search feature within ChatGPT, its viral chatbot, that positions the high-powered artificial intelligence startup to better compete with search engines […]
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Meta’s Threads micro-blogging app now has 275 million monthly users, Zuckerberg says
Meta CEO Mark Zuckerberg holds a smartphone, as he makes a keynote speech at the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, U.S. September 25, 2024. Manuel Orbegozo | Reuters Threads, Meta‘s rival to Elon Musk’s X app, now has nearly 275 million monthly users, CEO Mark Zuckerberg said Wednesday. […]
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CNBC’s Inside India newsletter: India’s deepening ties with natural gas
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. The big story India is hungry for energy, and it’s doing something about it. As the country’s […]
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Peloton raises its full-year profit guidance, but expects the holiday quarter to be softer than expected
Peloton is back to generating free cash flow and is edging within reach of profitability as the connected fitness company reins in costs and looks to improve the unit economics behind its hardware, it said Thursday. Despite the progress, Peloton is expecting to lose more members and sell fewer bikes and treadmills than Wall Street […]
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Stocks making the biggest moves midday: Peloton, Super Micro Computer, Robinhood, Estee Lauder and more
Check out the companies making headlines in midday trading. Peloton — Shares soared 28% after the exercise equipment company posted better-than-expected results for its fiscal first quarter and raised its full-year profit outlook. Peloton also announced that Ford executive Peter Stern will serve as its next CEO starting January. Carvana — The used car platform […]
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Ford to halt production of electric F-150 Lightning next month until 2025
Ford workers produce the electric F-150 Lightning pickup at the automaker’s Ford Rouge Electric Vehicle Center on Dec. 13, 2022. Michael Wayland | CNBC DETROIT — Ford Motor plans to halt production of its all-electric F-150 Lightning from mid-November until early next year to address bloated inventories and narrow losses on the pickup trucks. The […]
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UK borrowing costs soar day after Labour government unveiled tax-raising budget
LONDON — U.K. bond yields spiked sharply Thursday after the ruling Labour Party unveiled a sweeping package of tax hikes and increased borrowing. The 2-year gilt yield had jumped 20 basis points by 2:33 p.m. in London, breaching 4.5% for the first time since Labour took office in early July. The 10-year yield was 15 […]
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Booking Holdings beats earnings estimates amid resilient demand for international travel
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Booking Holdings CEO Glenn Fogel joins CNBC’s ‘Squawk on the Street’ to discuss the company’s earnings beat, expectations for the upcoming year, and more. Source
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Peloton announces Ford exec, founder of Apple Fitness+ Peter Stern as its next CEO
Peter Stern, CEO of Peloton Interactive. Courtesy: Peloton Interactive Peloton on Thursday said it has appointed Peter Stern, a Ford executive and the co-founder of Apple Fitness+ to be its next CEO and president. Stern, the president of Ford Integrated Services, primarily oversees the automotive company’s subscription services, such as BlueCruise, Pro Intelligence, connectivity and […]
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UK businesses warn Labour government’s tax-raising budget will hurt hiring and boost inflation
Rachel Reeves, UK chancellor of the exchequer, outside 11 Downing Street ahead of presenting her budget to parliament in London, UK, on Wednesday, Oct. 30, 2024. Bloomberg | Bloomberg | Getty Images LONDON — British businesses are smarting after Finance Minister Rachel Reeves’ bumper tax-rising budget, with analysts warning that the measures could slow hiring […]
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