Month: May 2025
Trump administration’s next wave of China AI chip export rules are yet another obstacle for Nvidia
Nvidia announced an agreement with Saudi Arabia on Tuesday to develop the kingdom’s artificial intelligence capabilities, a sign of its expanding global strategy. The partnership goes beyond the AI chip leader’s conventional Western collaborations and may serve as a litmus test for future U.S. export policies with nations that keep close ties with both Washington […]
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Healthy Returns: Trump provides a glimpse of the third round of Medicare drug price negotiations
In a photo illustration, prescription drugs are seen next to a pill bottle on July 23, 2024 in New York City. Spencer Platt | Getty Images News | Getty Images A version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to […]
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Klarna CEO says AI helped company shrink workforce by 40%
Pedestrians walk by an advertisement for Klarna. Daniel Harvey Gonzalez | In Pictures via Getty Images Klarna CEO Sebastian Siemiatkowski said the company has managed to shrink its headcount by about 40%, in part due to investments in artificial intelligence and natural attrition in its workforce. “The truth is, the company has shrunk from about […]
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Elon Musk’s pro-Trump PAC failed to pay swing state petition signers, new suit alleges
Elon Musk speaks during a campaign rally for Republican presidential nominee and former U.S. President Donald Trump at Madison Square Garden in New York City on Oct. 27, 2024. Anna Moneymaker | Getty Images Elon Musk’s America PAC didn’t keep its promise to pay swing state voters who signed a pro-Trump petition ahead of the […]
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Nvidia turns positive for 2025, third ‘Magnificent 7’ member to do so as favored group regains groove
Jakub Porzycki | Nurphoto | Getty Images Nvidia on Wednesday climbed into positive territory for the year, becoming the latest “Magnificent 7” member stock to flip into the green amid the broader market’s recovery. The artificial intelligence darling surged more than 4% in the session, bringing its gain for this week above 15%. That rally […]
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New York AG sues Capital One after Trump-led CFPB drops similar case
Key Points New York Attorney General Letitia James sued Capital One on Wednesday, accusing the bank of “cheating” customers out of millions of dollars in interest payments. The suit mimics litigation by the CFPB, which was dropped in February under the Trump administration. “Big banks are not allowed to cheat their customers with false advertising […]
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Netflix says its ad tier now has 94 million monthly active users
Netflix said Wednesday its cheaper, ad-supported tier now has 94 million monthly active users — an increase of more than 20 million since its last public tally in November. The company and its peers have been increasingly leaning on advertising to boost the profitability of their streaming products. Netflix first introduced the ad-supported plan in […]
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Rising hedge fund stars at Sohn give their top investment ideas, including one that can rally nearly 50%
A handful of hedge fund founders took the stage Wednesday at the 2024 Sohn Investment Conference in New York to share their best investment ideas. The conference — one of the most anticipated hedge fund events of the year — kicked off with “Next Wave Sohn,” a session that features ideas from leaders in the […]
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Not really any alternatives to cutting capacity at Newark Airport, says former acting FAA admin. Billy Nolen
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Billy Nolen, former acting FAA administrator, joins CNBC’s ‘Money Movers’ to discuss expectations for Newark Airport in the wake of outages, whether investigations into airports may increase, and more. Source
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Stocks making the biggest moves midday: Oklo, eToro, Super Micro Computer, Nvidia, JD.com and more
Check out the companies making headlines in midday trading: Oklo — Shares soared more than 16% on the heels of the nuclear startup’s narrower-than-anticipated loss for the first quarter. Oklo posted a loss of 7 cents per share for the period compared to the loss of 11 cents per share analysts polled by FactSet had […]
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