Year: 2025
After DeepSeek, the AI version of a global trade war is one the U.S. won’t win easily
Products at the showroom of the Nvidia Corp. offices in Taipei, Taiwan, June 2, 2023. I-Hwa Cheng | Bloomberg | Getty Images The U.S. government’s effort to curtail AI development in China through tightened controls of chip exports, including restrictions on the most advanced offerings from Nvidia, didn’t stop DeepSeek from creating its generative AI […]
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Coca-Cola sales easily top estimates as global demand rises
Coca-Cola on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations, as global demand for its drinks rose. Shares of the company climbed more than 3% in premarket trading. Here’s what Coca-Cola reported for the quarter ended Dec. 31 compared with what Wall Street was expecting, based on a survey of analysts by LSEG: […]
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A $4 million Bugatti and Michael Jordan’s BMW brought car auction company a record year
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Bring a Trailer, the online classic car marketplace, sold a record $1.5 billion worth of cars last year despite […]
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Affirm plans to bring Buy Now, Pay Later debit cards to more users through deal with FIS
PayPal Inc. co-founder and Affirm’s CEO Max Levchin on center stage during day one of Collision 2019 at Enercare Center in Toronto, Canada. Vaughn Ridley | Sportsfile | Getty Images Affirm, the online lender founded by Max Levchin, expanded beyond credit and entered the debit market four years ago with a card that let users […]
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EU says AI race ‘far from over’ as bloc pledges 50-billion-euro investment boost
Ursula von der Leyen, president of the European Commission, speaks at the AI Action Summit in Paris, France, on Tuesday, Feb. 11, 2025. Bloomberg | Bloomberg | Getty Images European Commission President Ursula von der Leyen on Tuesday said the EU would mobilize a total of 200 billion euros ($206.5 billion) for artificial intelligence investments […]
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Sam Altman says Musk aims to ‘slow down a competitor’ with his $97.4-billion bid for OpenAI
PARIS — Elon Musk aims to “slow down a competitor” when the investor group he led put forward a $97.4 billion proposal for control of OpenAI, the company’s CEO Sam Altman told CNBC on Tuesday. Asked how seriously he is taking Musk’s bid, which Altman previously declined in a X social media post, the OpenAI chief said: “Not particularly.” […]
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JD Vance says U.S. will defend American AI and block efforts to weaponize the tech
US Senator and Republican vice presidential candidate J.D. Vance speaks to a Fox News reporter in the spin room after participating in the Vice Presidential debate with Minnesota Governor and Democratic vice presidential candidate Tim Walz hosted by CBS News at the CBS Broadcast Center in New York on October 1, 2024. Charly Triballeau | […]
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European stocks head for mixed open as global markets react to Trump’s latest tariffs
UniCredit sets profit goal of around 10 billion euros by 2027 UniCredit said it aims to increase net profit to around 10 billion euros by 2027, with the “ambition” to distribute more to shareholders than it did 2024. Italy’s second-largest lender posted fourth-quarter net profit that beat expectations amid market focus on the bank’s M&A overtures. […]
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Kering shares pop 6% on fourth-quarter beat even as sales at embattled Gucci brand lag
A Gucci store, operated by Kering SA, in the Sanlitun area of Beijing, China, on Saturday, Oct. 12, 2024. Bloomberg | Bloomberg | Getty Images Shares of Kering popped on Tuesday after the French luxury goods firm reported better-than-expected fourth-quarter sales that were nevertheless down year-on-year amid lagging demand for its main Gucci label. The […]
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British oil major BP reports sharp drop in fourth-quarter profit, vows strategy reset
The BP logo is displayed outside a petrol station near Warminster in Wiltshire, England, on Aug. 15, 2022. Matt Cardy | Getty Images News | Getty Images British oil major BP on Tuesday posted a sharp drop in fourth-quarter profit, pledging to “fundamentally” reset the embattled energy company’s strategy. The energy firm posted underlying replacement […]
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