Month: April 2026
Meta will cut 10% of workforce as company pushes deeper into AI
Meta CEO Mark Zuckerberg leaves the Federal Courthouse in downtown Los Angeles after defending the company in a landmark social media addiction trial in Los Angeles, United States, on February 19, 2026. Jon Putman | Anadolu | Getty Images Meta plans to lay off 10% of its workforce, equaling about 8,000 jobs, as it continues […]
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OpenAI announces GPT-5.5, its latest artificial intelligence model
OpenAI CEO Sam Altman during a media tour of a Stargate AI data center in Abilene, Texas, Sept. 23, 2025. Bloomberg | Bloomberg | Getty Images OpenAI on Thursday announced its latest artificial intelligence model, GPT-5.5, which the company says is better at coding, using computers and pursuing deeper research capabilities. The launch comes less […]
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Texas Instruments’ stock jumps 18%, heads for best day since 2000 as AI demand soars
Haviv Ilan, president and chief executive officer of Texas Instruments (TI), speaks during a ribbon-cutting ceremony for the grand opening of Texas Instruments’ (TI) new semiconductor wafer plant in Sherman, Texas, US, on Wednesday, Dec. 17, 2025. Desiree Rios | Bloomberg | Getty Images Texas Instruments headed for its best day on Wall Street since […]
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Traders are betting on big moves in Intel on earnings
Options Action Traders are betting on big moves in Intel on earnings Published Thu, Apr 23 20261:59 PM EDT Oliver Renick@OJRenick WATCH LIVE Source
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Point to point leisure airline model has not made money since 2020, says Barclays’ Brandon Oglenski
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Brandon Oglenski, Barclays senior airlines analyst, joins ‘The Exchange’ to discuss a potential bailout of Spirit Airlines, mergers and acquisitions in the industry and much more. Source
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Jim Cramer: Tesla is a buy after hearing what Elon Musk said on the earnings call
CNBC’s Jim Cramer on Thursday called Tesla a buy following its latest earnings and what Elon Musk said on the call. “As someone who is looking at all the other technologies, I would be a buyer of Tesla today,” Cramer said on ” Squawk on the Street .” He argued that investors focused on near-term […]
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White House warns of ‘industrial-scale’ efforts in China to rip off U.S. AI tech
The Trump administration on Thursday accused Chinese entities of waging “industrial-scale campaigns” to rip off U.S. artificial intelligence systems, and said it will explore ways to hold the foreign actors accountable. “There is nothing innovative about systematically extracting and copying the innovations of American industry,” Michael Kratsios, the top science and technology advisor to President […]
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Risky meme trading is back. A trading rule change may have lit the fuse
Key Points April’s rally in risk assets, fueled in part by an Iran ceasefire, has emboldened individual investors to pile back into volatile trades. A key catalyst may be a recent rule change by the U.S. Securities and Exchange Commission. The regulator approved a proposal to eliminate the so-called pattern day trader rule. Source
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Spirit Airlines lawyer says cash ‘not going to last for very much longer,’ but government rescue on the table
A Spirit Airlines plane at New York’s LaGuardia Airport. Leslie Josephs/CNBC Spirit Airlines’ accessible cash to keep operating won’t last long and a government rescue package is on the table, a lawyer for the struggling budget carrier said at a hearing Thursday. The company needs access to existing cash or new funding in the next […]
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Software stocks plunge on ServiceNow, IBM results as AI fears escalate
Signage outside the ServiceNow headquarters in Santa Clara, California, US, on Thursday, Sept. 4, 2025. David Paul Morris | Bloomberg | Getty Images Software stocks plummeted on Thursday as disappointing results from ServiceNow and IBM added to fears that artificial intelligence tools and services will disrupt their businesses. Shares of ServiceNow sank 17% Thursday, on […]
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