World
CNBC Daily Open: Is the AI industry in a bubble, as OpenAI CEO says?
Sam Altman, CEO of OpenAI, and Lisa Su, CEO of Advanced Micro Devices, testify during the Senate Commerce, Science and Transportation Committee hearing titled “Winning the AI Race: Strengthening U.S. Capabilities in Computing and Innovation,” in Hart building on Thursday, May 8, 2025. Tom Williams | CQ-Roll Call, Inc. | Getty Images There’s a bubble […]
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Asia markets set to open mostly higher as investors await outcome of Trump-Zelenskyy meeting
Ulsan city skyline from the Hamwolru Pavilion. People can enjoy beautiful cityscape for free. Ulsan, South Korea. Insung Jeon | Moment | Getty Images Asia-Pacific markets were poised to open mostly higher Tuesday as investors awaited the outcome of the talks led by U.S. President Donald Trump with Ukraine’s President Volodymyr Zelenskyy and European leaders at the […]
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Stock futures are flat as the market awaits Fed’s Jackson Hole summit, retail earnings: Live updates
SoftBank will invest $2 billion into Intel, chipmaker’s shares rise Japanese conglomerate SoftBank will invest $2 billion into Intel, according to an announcement from the two companies. SoftBank will pay $23 per share of Intel’s common stock. The chipmaker’s shares ended Monday’s regular session at $23.66. Intel jumped more than 5% in extended trading. Stock […]
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India’s social media stars are turning to business—and the industry is booming
Preeti Sarkar is a content creator and owner of the clothing brand, Peetizen. Courtesy of Preeti Sarkar Preeti Sarkar started posting on YouTube at the age of 18. Today, the 24-year-old has amassed a following of about 1.6 million on both Instagram and YouTube, and has launched her own clothing brand. She’s part of the […]
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Gemini taps Ripple for credit line ahead of IPO: CNBC Crypto World
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email On today’s episode of CNBC Crypto World, bitcoin, ether and XRP tumble to kick off the week as heightened macro concerns triggered more than $500 million in forced selling of long positions. And, Caitlin Long, founder and CEO of Custodia Bank, which […]
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OpenAI’s Altman warns the U.S. is underestimating China’s next-gen AI threat
OpenAI CEO Sam Altman warned that the U.S. may be underestimating the complexity and seriousness of China’s progress in artificial intelligence, and said export controls alone likely aren’t a reliable solution. “I’m worried about China,” he said. Over Mediterranean tapas in San Francisco’s Presidio — just five miles north of OpenAI’s original office in the […]
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Soho House to go private in $2.7 billion deal, Ashton Kutcher to join board
Pavlo Gonchar | SOPA Images | Getty Images Soho House is going private in a $2.7 billion deal led by New York-based MCR Hotels, capping a turbulent market run and financial struggles that erased nearly half of the high-end members club operator’s value since its 2021 debut. Its shareholders will get $9 per share, a […]
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Investors looking beyond the U.S. see opportunities in one small pocket of Europe
European markets have seen a resurgence this year, with multiple regional indexes outperforming their Wall Street rivals. Amid a broad push to diversify portfolios away from the U.S., some traders see an “unmatched advantage” and “really good investment opportunities” in particular area of Europe. Earlier this year, volatility arising from U.S. President Donald Trump’s unpredictable […]
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Eli Lilly’s 170% UK price hike for Mounjaro is just the start as pharma firms bow to Trump’s pricing pressures
Key Points Pharma giants are navigating U.S. President Donald Trump’s demands to bring U.S. drug prices in line with other developed nations. Eli Lilly’s decision to hike Mounjaro prices in the U.K. could spark similar moves from other firms, analysts say. The U.S. consistently pays the most in the world for many prescription drugs. Eli Lilly ‘s […]
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Here are the UK’s top-paid FTSE 100 CEOs — as report finds exec salaries at record high
The City of London skyline at sunset. Gary Yeowell | Digitalvision | Getty Images The bosses of Britain’s biggest listed companies took home record salaries in the latest financial year, according to a new report. Median pay among FTSE 100 chief executive officers was £4.58 million ($6.2 million) in the year to March 31, the […]
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