Month: May 2025
OpenAI CFO says AI hardware will boost ChatGPT subscriptions in ‘new era of computing’
OpenAI is betting a new “era” of computing will justify the company’s decision to spend billions of dollars on bespoke hardware to go with it, Chief Financial Officer Sarah Friar said. The artificial intelligence startup, best known for the ChatGPT chatbot, announced plans on Wednesday to buy iPhone designer Jony Ive’s devices startup io for […]
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Transport stock charts aren’t saying the economy is fine
Markets stabilized on Thursday after the dual sell-off in stocks and bonds, but a key corner of the equity market is blinking a caution light on the economy. The Dow Jones Transportation Average is headed for a losing week and has fallen back below its pre-April 2 Liberation Day levels. JB Hunt Transport Services and […]
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Intuit tops Wall Street estimates after tax season, issues strong guidance
Tiffany Hagler-Geard | Bloomberg | Getty Images Intuit on Thursday reported quarterly results that beat analysts’ estimates and issued stronger-than -expected guidance for the full year. The stock rose about 4% in extended trading. Here’s how the company did compared to analysts’ estimates compiled by LSEG: Earnings per share: $11.65 adjusted vs. $10.91 expected Revenue: $7.8 billion vs. […]
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This wholesaler is still ripe for gains even after a 30% move, global strategist says
Despite a weak day for stock in BJ’s Wholesale Club Holdings on Thursday, Freedom Capital Markets chief global strategist Jay Woods is sticking by the company after a better-than-expected first-quarter print. Woods discussed the wholesaler and his bullish views on Uber and Palo Alto Networks on CNBC’s ” Power Lunch ” on Thursday. BJ’s Wholesale […]
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American Airlines CFO says some travelers are avoiding Newark airport
The FAA Air Traffic Control tower at Newark Liberty International Airport in Newark, New Jersey on May 7, 2025. Kena Betancur | AFP | Getty Images American Airlines chief financial officer said Thursday that some travelers are avoiding Newark Liberty International Airport for other options in the area after a spate of recent disruptions, but […]
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Ray Dalio says to fear the bond market as deficit becomes critical
Ray Dalio, founder of Bridgewater Associates LP, speaks during the Greenwich Economic Forum in Greenwich, Connecticut, US, on Tuesday, Oct. 3, 2023. Bloomberg | Bloomberg | Getty Images Billionaire investor Ray Dalio on Thursday sounded another alarm on soaring U.S. debt and deficits, saying it should make investors fearful of the government bond market. “I think […]
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Anthropic launches Claude 4, its most powerful AI model yet
In this photo illustration, Claude AI logo is seen on a smartphone and Anthropic logo on a pc screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Anthropic, the Amazon-backed OpenAI rival, on Thursday launched its most powerful group of artificial intelligence models yet: Claude 4. The […]
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Trump administration blocks Harvard from enrolling international students: NYT report
A general view of the Baker Library/Bloomberg Center on February 17, 2024, at Harvard Business School in Allston, MA. Erica Denhoff | Icon Sportswire | Icon Sportswire | Getty Images The Trump administration has blocked the ability of Harvard University to enroll international students, The New York Times reported Thursday. CNBC has requested comment from […]
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Founders of Amazon’s PillPack launch health-care marketplace startup General Medicine
General Medicine founders TJ Parker, Ashwin Muralidharan and Elliot Cohen. General Medicine After selling online pharmacy PillPack to Amazon seven years ago, the founding team is launching a new company that aims to make the experience of getting medical care “as easy as shopping online.” PillPack founders TJ Parker and Elliot Cohen on Thursday launched a […]
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Hinge Health opens at $39.25 per share after pricing IPO at top end of range
Hinge Health signage outside the New York Stock Exchange (NYSE) during the company’s initial public offering (IPO) in New York, US, on Thursday, May 21, 2025. Michael Nagle | Bloomberg | Getty Images Shares of Hinge Health popped in their debut on the New York Stock Exchange on Thursday after the digital physical therapy company raised […]
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