Month: October 2024
U.S., China trade tariffs escalating would be ‘costly for everybody,’ IMF deputy director says
An escalation of trade and tariffs tensions between the U.S. and China would have “costly” economic consequences around the world, Gita Gopinath, deputy managing director of the International Monetary Fund told CNBC on Wednesday. “We are seeing geopolitically driven trade around the world, which is why when you look at overall trade to GDP that’s […]
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Apple and Goldman Sachs ordered to pay over $89 million for Apple card failures
Apple CEO Tim Cook introduces the Apple Card during a launch event at Apple headquarters in Cupertino, California, on March 25, 2019. Noah Berger | AFP | Getty Images The Consumer Financial Protection Bureau ordered Apple and Goldman Sachs on Wednesday to pay more than $89 million for mishandling consumer disputes related to Apple Card […]
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Watch CFPB Director Rohit Chopra speak at DC Fintech Week
[The stream is slated to start at 11 a.m. ET. Please refresh the page if you do not see a player above at that time.] Rohit Chopra, director of the Consumer Financial Protection Bureau, will speak Wednesday at DC Fintech Week in Washington, D.C. The bureau finalized its personal financial data rights rule on Tuesday, […]
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Attack at Turkey aviation site leaves some dead, injured
ANKARA, TURKIYE – OCTOBER 23: Security forces, firefighters, and paramedics are dispatched to Turkish Aerospace Industries’ (TAI) facilities after explosions and gunshots were reported following a terrorist attack in the Kahramankazan district of Ankara, Turkiye on October 23, 2024. (Photo by Ismail Kaplan/Anadolu via Getty Images) Anadolu | Anadolu | Getty Images A deadly attack […]
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Boeing CEO Kelly Ortberg on $500 billion backlog: This is a story about us getting our act together
Boeing CEO Kelly Ortberg joins ‘Squawk on the Street’ to discuss the company’s quarterly earnings results, the challenges facing the company, how he plans to change the company culture, impact of the ongoing machinists strike, and more. Source
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Coca-Cola CEO says McDonald’s E. coli outbreak won’t hurt beverage company’s sales
Coca-Cola President and CEO James Quincey attends a press conference with International Olympic Committee (IOC) president and China Mengniu Dairy CEO and Executive Director, as part of the 134th Session of the International Olympic Committee (IOC) at the SwissTech Convention Centre in Lausanne, on June 24, 2019. Fabrice Coffrini | AFP | Getty Images Coca-Cola […]
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September home sales drop to lowest level since 2010
Sales of previously owned homes fell 1% in September compared with August, to a seasonally adjusted, annualized rate of 3.84 million units, the slowest pace since October 2010, according to the National Association of Realtors. Sales were 3.5% lower than in September 2023. Sales fell in three out of four U.S. regions, with just the […]
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Novo Nordisk asks FDA to ban compounding pharmacies from making Ozempic, Wegovy copies
Boxes of Ozempic and Wegovy made by Novo Nordisk are seen at a pharmacy. Hollie Adams | Reuters Novo Nordisk on Tuesday asked the Food and Drug Administration to prevent compounding pharmacies from making unapproved and often cheaper versions of its popular weight loss injection Wegovy and diabetes treatment Ozempic, arguing that the medications are […]
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Russia says it has no intention of abandoning Iran as it faces Israel’s wrath
In this pool photograph distributed by the Russian state agency Sputnik, Russia’s President Vladimir Putin meets with Iran’s President Masoud Pezeshkian on the sidelines of an international forum “Interrelation of times and civilizations – basis of peace and development” dedicated to the 300th anniversary of poet Magtymguly Fragi’s birthday in Ashgabat on October 11, 2024. […]
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AI on the trading floor: Morgan Stanley expands OpenAI-powered chatbot tools to Wall Street division
Key Points Morgan Stanley is expanding the use of OpenAI-powered generative AI tools to its vaunted investment banking and trading division, CNBC has learned. The firm began testing a version of an AI assistant based on OpenAI’s ChatGPT, called AskResearchGPT, this summer in its institutional securities group, according to Katy Huberty, Morgan Stanley’s global director […]
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