Month: October 2024
Chinese smartphone maker Oppo doubles down on AI, says in regular talks with Google and Microsoft
Chinese smartphone company Oppo ranks second in mainland China, and fourth worldwide, according to Canalys. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese smartphone company Oppo is doubling down on artificial intelligence as it holds weekly talks about AI with senior management at Google and Microsoft in the run-up to the launch of its […]
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Southwest Airlines profit tops estimates, expects higher revenue in fourth quarter
Southwest Airlines‘ third-quarter profit fell from a year ago but topped Wall Street estimates as the carrier worked to drum up revenue and fend off activist investor Elliott Investment Management. Elliott and Southwest struck a deal, announced Thursday, that averts a proxy fight and adds six of the activist’s candidates to the board. CEO Bob […]
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Nvidia doubles down on India with Hindi language model and major partnerships
Nvidia CEO Jensen Huang speaks during Computex 2024 in Taipei on June 4, 2024. I-hwa Cheng | AFP | Getty Images Nvidia on Thursday announced a slew of partnerships with major Indian firms and launched a Hindi language model, as the American chip company looks to ramp up business in one of the world’s biggest […]
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Consumers choose their favorite retailers ahead of the holidays: Nike, Kohl’s top the list
An exterior view of the Kohl’s store at the Paxton Town Centre near Harrisburg. A customer walks with a Nike shopping bag. Paul Weaver | SOPA Images | Emily Elconin | Bloomberg | Getty Images Nike and Kohl’s may not be winning on Wall Street, but a wide set of consumers still consider them to […]
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Why Meta and Snap are spending billions on AR glasses
After a decade of development and billions of dollars, Meta CEO Mark Zuckerberg in September pulled back the curtain on one of the company’s most ambitious projects: an augmented reality prototype called Orion. A week earlier, Snap CEO Evan Spiegel took the stage at its annual Snap Partner Summit to introduce its AR capable, 5th-generation […]
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American Airlines’ fourth-quarter forecast tops estimates
An American Airlines aircraft departs from Ronald Reagan Washington National Airport on August 28, 2024 in Arlington, Virginia. Kevin Carter | Getty Images American Airlines third-quarter earnings and forecast for the last three months of the year topped analysts’ estimates. Here is how American performed in the third quarter compared with Wall Street estimates compiled by LSEG: Earnings […]
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Novo Nordisk’s diabetes drug Ozempic may reduce the risk of Alzheimer’s disease, study says
Steve Christo – Corbis | Corbis News | Getty Images Novo Nordisk‘s blockbuster diabetes drug Ozempic may reduce the risk of developing Alzheimer’s disease, suggesting its potential to delay or prevent the memory-robbing condition, according to a study released Thursday. Semaglutide, the active ingredient in Ozempic, was associated with a 40% to 70% lower risk […]
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European markets move higher; Renault shares up 6% after quarterly revenue jump
European stocks were slightly higher on Thursday, as investors reviewed another batch of earnings reports, and as U.S. market declines weighed on global sentiment. The pan-European Stoxx 600 was up 0.53% by 10:05 a.m. London time, with the majority of major bourses and sectors trading in positive territory. Travel and leisure stocks added 2.85% while […]
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Why is the Japanese yen hovering near three-month lows against the dollar
A queue of people forms outside a money changer (L) as people wait to buy and sell the Japanese yen against foreign currency, along a street in central Tokyo on April 29, 2024. Richard A. Brooks | Afp | Getty Images The Japanese yen is hovering near three-month lows against the U.S. dollar, after hitting […]
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CNBC Daily Open: Treasury yields are making a return, like an uninvited ex
Specialist traders work inside a post on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 23, 2024. Brendan McDermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no […]
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