World
Sam Altman on OpenAI’s $850 billion in planned buildouts: ‘People are worried. I totally get that’
Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty Images ABILENE, Texas — Sam Altman stood on a patch of hot Texas dirt, the kind that turns to dust storms on […]
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CNBC Daily Open: Raining on OpenAI’s parade
The steel frame of data centers under construction during a tour of the OpenAI data center in Abilene, Texas, U.S., Sept. 23, 2025. Shelby Tauber | Reuters Talk about bad timing. OpenAI’s first Stargate development to come online — a data center in Texas that’s stuffed to the brims with Oracle and Nvidia infrastructure — […]
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Asia markets track Wall Street declines after U.S. Fed chair suggests stocks are overvalued
People crossing the street in Shibuya, Tokyo. Maydays | Moment | Getty Images Asia-Pacific markets fell Wednesday, tracking Wall Street declines after U.S. Federal Reserve Chair Jerome Powell said that “equity prices are fairly highly valued.” Powell also signaled that the rate-cutting path wasn’t clear and that the central bank faces a “challenging situation.” Australia’s […]
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Japan shares keep breaking records as reforms, foreign inflows outweigh political risks
Japanese equities are extending record highs, fueled by steady inflows from foreign investors and governance reforms. However, risks remain — from political instability to a potential yen spike or U.S. market downturn — but analysts say such shocks are more likely to trigger buying opportunities than end the rally. The Nikkei 225 and broader Topix […]
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Stock futures are little changed after S&P 500 pulls back from record highs: Live updates
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures were little changed Tuesday night after the S&P 500 pulled back from record levels. Futures tied to the Dow Jones Industrial Average edged up 15 points, or 0.03%. S&P futures were 0.04% higher, while Nasdaq 100 futures rose 0.07%. In after-hours […]
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Nvidia’s and OpenAI’s ‘monumental’ data center plan has an equally massive problem: Where to find the power
Nvidia CEO Jensen Huang told CNBC this week that the chipmaker’s AI infrastructure plan with OpenAI is “monumental in size.” Their plan is so big that it will push the boundaries of what is possible. The chipmaker and the AI lab are aiming to build at least 10 gigawatts of data centers. This will sap […]
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In major shift, Trump says he now thinks Ukraine can win back all of its territory taken by Russia
U.S. President Donald Trump meets with Ukrainian President Volodymyr Zelenskyy during the 80th United Nations General Assembly, in New York City, New York, U.S., Sept. 23, 2025. Alexander Drago | Reuters President Donald Trump said Tuesday afternoon that he thinks Ukraine, with help from the European Union, could win back its territory from Russia and return the country […]
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Fed Chief Powell says stock prices appear ‘fairly highly valued’
U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following the issuance of the Federal Open Market Committee’s statement on interest rate policy, in Washington, D.C., U.S., Sept. 17, 2025. Elizabeth Frantz | Reuters Federal Reserve Chair Jerome Powell on Tuesday noted that asset prices, a category that typically includes stocks and other […]
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This Nvidia derivative is on the verge of a sharp move higher, according to the charts
I think after yesterday’s blockbuster announcement of Nvidia’s $100 billion investment into OpenAI, our heads are still spinning a bit trying to make sense of it all. Is AI really going to change our lives as the thought leaders claim such as curing cancer, solving climate change, fixing the education system, mining asteroids and making […]
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Young adults embrace ‘financial nihilism’ with risky crypto, stock bets as American dream feels unattainable
Technology concept with always connected students – Vivid filter Davide Zanin | Istock | Getty Images When Jacob Kaplan thinks about his path to financial security, he sees a need to take big risks. For years, Kaplan has been betting on major sporting events through online platforms, often dedicating 30 hours a week to the […]
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