Year: 2025
Meta backs Databricks as the data analytics startup inches toward IPO
Databricks co-founder and CEO Ali Ghodsi. Databricks Data analytics software startup Databricks said Wednesday that Meta has signed on as an investor. As the company that trains the popular Llama open-source large language models, or LLMs, that Databricks builds on, Meta plays an important role in the artificial intelligence. Databricks works closely with Meta’s Llama […]
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Jamie Dimon says the U.S. stock market is ‘kind of inflated’
JPMorgan Chase CEO Jamie Dimon on Wednesday called the U.S. stock market inflated and said that he felt more cautious than others in the business world because of the risks from deficit spending, inflation and geopolitical upheaval. “Asset prices are kind of inflated, by any measure. They are in the top 10% or 15%” of […]
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Jamie Dimon says he’s patched relationship with Musk: ‘Elon and I hugged it out’
JPMorgan Chase CEO Jamie Dimon on Wednesday said that he and tech billionaire Elon Musk have smoothed over their previously contentious relationship. “Elon and I hugged it out,” Dimon told CNBC in a TV interview at the World Economic Forum’s annual event in Davos, Switzerland. “He came to one of our conferences, [and] he and […]
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Abnormal Security hires ex-ServiceNow exec as CFO as company starts prepping for IPO
Abnormal Security, a startup selling email security software to companies, said on Wednesday that it’s hired former ServiceNow finance executive Lisa Banks as chief financial officer as the company gears up to prepare for an IPO. Abnormal is going after a longstanding market, which includes incumbents Mimecast and Proofpoint, adding a layer of artificial intelligence […]
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Trade war is a ‘zero-sum game,’ Spain’s PM warns, as Trump threatens EU with tariffs
A trade war is not in the interest of the European Union or the U.S., Spain’s prime minister told CNBC Wednesday. “We share a strong transatlantic bond … our economies are very interlinked and I believe a trade war is not in the interest [of either party], neither for the U.S., neither for the European […]
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Jamie Dimon says Trump’s tariff policy is positive for national security so people should ‘get over it’
JPMorgan Chase CEO Jamie Dimon said Wednesday the looming tariffs that President Donald Trump is expected to slap on U.S. trading partners could be viewed positively. Despite fears that the duties could spark a global trade war and reignite inflation domestically, the head of the largest U.S. bank by assets said they could protect American […]
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Stocks making the biggest moves premarket: Netflix, United Airlines, Procter & Gamble, Oracle and more
Check out the companies making headlines before the bell. Netflix — Shares popped more than 15% after the company announced a top- and bottom-line beat on Tuesday night. The streaming service earned $4.27 per share on $10.25 billion in revenue for the fourth quarter. Analysts surveyed by LSEG had expected earnings of $4.20 per share […]
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How Bluesky, Twitter’s one-time side project, is challenging Elon Musk’s X
Billionaire Mark Cuban, New York Democratic Rep. Alexandria Ocasio-Cortez and author Stephen King are all now on Bluesky. The social media platform is the brainchild of Twitter co-founder Jack Dorsey, who conceived Bluesky as a side project inside Twitter in 2019. Bluesky, which is no longer affiliated with Dorsey, is now its own company, and […]
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Procter & Gamble earnings beat estimates as shoppers buy more household staples
Pepto Bismol made by Procter & Gamble is displayed on a grocery store shelf on July 28, 2023 in Greenbrae, California. Justin Sullivan | Getty Images Procter & Gamble on Wednesday reported quarterly earnings and revenue that beat analysts’ expectations, thanks to growing demand for household staples like toilet paper and laundry products. Shares of the company rose […]
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AI is the hot topic at Davos this year — here’s what the top CEOs are saying
Artificial intelligence is the topic du jour at this year’s World Economic Forum Annual Meeting — a major gathering of political and corporate leaders — in Davos, Switzerland. Fabrice Coffrini | AFP / Getty Images Of all the corporate buzzwords, artificial intelligence is by far the one that’s been on every major corporate leader’s lips […]
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