Month: November 2025
Amazon-backed eVTOL company Beta Technologies closes up nearly 6% in NYSE debut
Kyle Clark, Founder & CEO of Beta Technologies rings the Opening Bell at the New York Stock Exchange on Nov. 4, 2025. NYSE Beta Technologies, an electric aircraft company, closed up nearly 6% at $36 a share in its New York Stock Exchange debut on Tuesday. On Monday, the company priced shares in its IPO […]
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IBM cutting thousands of jobs in the fourth quarter
Arvind Krishna, CEO of IBM, arrives for the Inaugural AI Insight Forum in Russell Building on Capitol Hill, on Wednesday, September 13, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images IBM said Tuesday that it will lay off a small percentage of its employees in the current quarter. “In the fourth quarter we […]
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Appeals court dubious of FTX founder Bankman-Fried’s conviction challenge
Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court as lawyers push to persuade the judge overseeing his fraud case not to jail him ahead of trial, at a courthouse in New York, August 11, 2023. Eduardo Munoz | Reuters The judges in a federal appeals court in New York on Tuesday […]
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Papa John’s sinks nearly 20% on report Apollo withdrew its offer to take chain private
Shares of Papa John’s sank nearly 20% on Tuesday following a report that Apollo Global has withdrawn its offer to take the pizza chain private. Reuters reported that the private equity firm backtracked on its bid, valued at $64 a share, about a week ago. The firm previously submitted an offer for Papa John’s alongside […]
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OpenAI launches Sora for Android devices
OpenAI on Tuesday launched its Sora app of AI-generated videos for Android devices. The artificial intelligence company first launched Sora for Apple devices in September. The announcement on Tuesday brings the popular AI app to the Google Play app store for users in the U.S., Canada, Japan, South Korea, Taiwan, Thailand and Vietnam. Sora reportedly […]
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Perplexity AI accuses Amazon of bullying with legal threat over Comet browser
Aravind Srinivas, chief executive officer of Perplexity AI Inc., during the Bloomberg Tech conference in San Francisco, California, US, on Thursday, June 5, 2025. David Paul Morris | Bloomberg | Getty Images Perplexity AI accused Amazon of “bullying” on Tuesday after it received a letter from the e-commerce giant demanding it prevent people from using […]
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Aramco CEO says Saudi Arabia’s cheap energy will turn kingdom into a global AI data center leader
Saudi Arabia will capitalize on its abundant supply of cheap natural gas and renewables to transform the kingdom into a global leader in artificial intelligence, Aramco CEO Amin Nasser told CNBC in an interview. Aramco, the world’s largest oil company, disclosed in late October that it plans acquire a significant minority stake in the new […]
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Pure EV automakers Rivian, Lucid face growing challenges amid Q3 results
Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images DETROIT — Challenges are mounting for all-electric vehicle manufacturers Rivian Automotive and Lucid Group as the companies try to sell investors on a brighter, more profitable future to come. […]
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Norwegian shares fall on earnings despite third quarter record revenue
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Money Movers CNBC’s Contessa Brewer joins ‘Money Movers’ with details on Norwegian’s third quarters earnings, comments from its CEO, and much more. 04:22 an hour ago Source
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Government shutdown set to become longest ever after latest Senate vote fails
U.S. Senate Majority Leader John Thune (R-SD) holds a copy of the Continuing Appropriations and Extensions Act as he speaks next to House Speaker Mike Johnson (R-LA) during a press conference on the third day of a partial shutdown of the federal government at the U.S. Capitol in Washington, D.C., U.S. October 3, 2025. Jonathan […]
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