Month: February 2026
Pinterest CEO rebukes, fires ‘obstructionist’ employees who created tool to track layoffs
Bill Ready, CEO of Pinterest, speaks at the 28th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California, on May 5, 2025. Patrick T. Fallon | AFP | Getty Images Pinterest CEO Bill Ready rebuked staffers who created an internal tool to track layoffs at the company, and fired those involved. […]
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CNBC Daily Open: Nvidia denies rift with OpenAI, while software and asset management stocks plunge
Jensen Huang, chief executive officer of Nvidia Corp., speaks during the 2026 CES event in Las Vegas, Nevada, US, on Tuesday, Jan. 6, 2026. Bridget Bennett | Bloomberg | Getty Images Advanced Micro Devices reported fourth-quarter earnings on Tuesday after the bell. The chipmaker beat Wall Street’s revenue and profit estimates, but shares plunged more […]
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Fed’s Stephen Miran resigns from White House post
Federal Reserve Board Governor Stephen Miran speaks on “Regulations, the Supply Side, and Monetary Policy” during the Delphi Economic Forum Lecture event, at the National Gallery in Athens, Greece, January 14, 2026. Louisa Gouliamaki | Reuters Federal Reserve Governor Stephen Miran has stepped down from his position as chair of the Council of Economic Advisers, […]
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Senate Banking Democrats demand delay on Warsh nomination until Powell and Cook investigations end
Senator Elizabeth Warren, a Democrat from Massachusetts, during a Senate Armed Services Committee confirmation hearing in Washington, DC, US, on Thursday, Jan. 15, 2026. Aaron Schwartz | Bloomberg | Getty Images Democrats on the Senate Banking Committee demanded that Chair Tim Scott delay the nomination of Kevin Warsh to lead the Federal Reserve until a […]
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Oil giants brace for a bruising earnings season — with shareholder returns at risk
The BP refinery in Lingen, Germany (aerial view with a drone). Picture Alliance | Picture Alliance | Getty Images European energy giants face some tough choices this earnings season, with shareholder payouts seen at risk as they look to cut costs amid lower crude prices. Western oil and gas majors have long sought to keep […]
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Microsoft promotes sales leaders as company pursues AI growth
Judson Althoff, CEO of Microsoft’s commercial business, appears during an interview in San Francisco on Jan. 27, 2017. David Paul Morris | Bloomberg | Getty Images Microsoft on Tuesday told employees it was promoting four sales executives, months after the software company made sales leader Judson Althoff CEO of its commercial business. Investors have been […]
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S&P 500 futures are little changed after tech sell-off drags down major averages: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Jan. 28, 2026. Michael Nagle | Bloomberg | Getty Images Futures tied to the S&P 500 were near the flatline Tuesday night after traders’ rotation out of tech names dragged the broad market index to a losing […]
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How one country is engineering its way out of a construction cost crisis
A rendering shows Singapore’s new $8 billion Las Vegas Sands development, on the right. Source: Safdie Architects Construction in Singapore has boomed since the pandemic. Several mega projects are underway, with the $8 billion Las Vegas Sands development and a new terminal at Changi Airport both breaking ground in 2025. Another major public sector project […]
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Trump: If states can’t run elections ‘honestly,’ then ‘somebody else should take over’
U.S. President Donald Trump sits at his desk, behind a hat that reads “America is back” at the White House in Washington, D.C., U.S., Feb. 3, 2026. Evelyn Hockstein | Reuters President Donald Trump on Tuesday said “the federal government should get involved” in elections in states that are unable to “legally and honestly” administer […]
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Nvidia, OpenAI appear stalled on their mega deal. But the AI giants still need each other
Sam Altman, CEO of OpenAI (L), and Jensen Huang CEO of Nvidia. Reuters Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman appeared together on CNBC in September to announce a mammoth $100 billion deal that was poised to usher in a new chapter for the booming artificial intelligence industry. Five months later, no contract […]
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