Day: January 22, 2025
Microsoft’s business development chief Chris Young resigns
Christopher Young, executive vice president of business development at Microsoft Corp., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. The GeekWire Summit brings together business, tech and community leaders for discussions about the future. David Ryder | Bloomberg | Getty Images Microsoft‘s head of business development Chris Young, who […]
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CNN to lay off hundreds of employees as post-inauguration transformation begins, sources say
The stage is set for the first 2024 presidential debate between U.S. President Joe Biden and former U.S. President Donald Trump, in Atlanta on June 26, 2024. John Nowak | CNN | Via Reuters Warner Bros. Discovery’s CNN plans to lay off hundreds of employees Thursday as it refocuses the business around a global digital […]
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EA shares drop 7% after company lowers guidance due to weakness in soccer, other games
Visitors play the ‘EA Sports FC 25’ game in front of a placard with England’s midfielder Jude Bellingham at the Electronic Arts booth during the media day at the Gamescom video games trade fair in Cologne, western Germany on Aug. 21, 2024. Ina Fassbender | AFP | Getty Images Electronic Arts slashed its full-year bookings […]
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Investors poured nearly $26 billion into this high-yielding corner of the fixed income market in 2024, State Street says
The chase for hot yields spurred investors to pour billions into a relatively risky corner of the fixed income market in 2024. Bank loan and collateralized loan obligation (CLO) exchange-traded funds scooped up about $25.6 billion in new money last year, according to State Street. That level marked a record, and contributed to the $87 […]
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Crypto community celebrates Trump’s pardon of Silk Road creator Ross Ulbricht: CNBC Crypto World
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Franklin Bi […]
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Billionaire Frank McCourt is open to a 50% share of TikTok after Trump comments
Frank McCourt, civic entrepreneur, executive chairman of McCourt Global and founder of Project Liberty, speaks at The Wall Street Journal’s Future of Everything Festival in New York City on May 22, 2024. Andrew Kelly | Reuters Frank McCourt said his Project Liberty consortium, which has bid to buy TikTok, would be comfortable sharing ownership of […]
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Here’s why you’re suddenly following President Trump on Instagram
(L-R) Priscilla Chan, CEO of Meta and Facebook Mark Zuckerberg, and Lauren Sanchez attend the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on January 20, 2025. Saul Loeb | Afp | Getty Images Instagram users are complaining this week that they’re […]
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Trump had phone call with OpenAI’s Sam Altman last week about AI infrastructure
US President Trump gestures as CEO of Open AI Sam Altman speaks in the Roosevelt Room at the White House on January 21, 2025, in Washington, DC. Jim Watson | Afp | Getty Images Prior to officially becoming president, Donald Trump held a lengthy conversation with OpenAI CEO Sam Altman on Friday to discuss the […]
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These names reporting next week could see big earnings blow-ups, Wolfe Research says
Some companies reporting earnings next week could be major disappointments, according to Wolfe Research. About 90 S & P 500 companies, including eight Dow Jones Industrial Average members, are slated to post their latest quarterly figures. Headliners include four stocks out of the “Magnificent Seven” — including Meta Platforms — alongside others such as Intel […]
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Google agrees to new $1 billion investment in Anthropic
Dario Amodei, Anthropic CEO, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 21st, 2025. Gerry Miller | CNBC Google has agreed to a new investment of more than $1 billion in generative AI startup Anthropic, a source familiar with the situation confirmed to CNBC. The fresh funding builds on […]
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