Powerful shopper spending in spite of increased curiosity costs and stubbornly large inflation buoyed the U.S. financial state in the third quarter. But will it last?
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CNBC Each day Open: Is difficulties on the horizon?
World
OpenAI completes restructure, solidifying Microsoft as a major shareholder
OpenAI CEO Sam Altman speaks to media following a Q&A at the OpenAI data center in Abilene, Texas, U.S., Sept. 23, 2025. Shelby Tauber | Reuters OpenAI on Tuesday announced it has completed its recapitalization, cementing its structure as a nonprofit with a controlling stake in its for-profit business. The artificial intelligence startup said its […]
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World
Amazon laying off about 14,000 corporate workers as it invests more in AI
People pass by The Spheres in downtown Seattle, Washington, on June 25, 2025. Juan Mabromata | AFP | Getty Images Amazon said Tuesday that it will lay off about 14,000 corporate employees, marking the latest cuts in the company’s multi-year effort to rein in costs. In a blog post, the company wrote that the layoffs […]
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World
‘Battered and bruised but still standing’: WTO chief on global trade after tariffs
A cargo ship is loading and unloading foreign trade containers at Qingdao Port in Qingdao City, Shandong Province, China on July 28, 2025. CFOTO | Future Publishing | Getty Images Global trade is not broken, despite the disruption, pressure and shock of trade tariffs introduced by the U.S. this year, the head of the World […]
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