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CNBC Daily Open: Trump’s threat to intervene in Fed could cause upheaval
The Marriner S. Eccles Federal Reserve building in Washington, DC, U.S., on Feb. 27, 2024. Morah Ratner | Bloomberg | Getty Images An independent central bank is seen by most (including this newsletter) as the bedrock of a functional economy. Officials steer the economy by calibrating the benchmark interest rate on which bank loans and […]
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These are the 4 biggest things we’re watching in the stock market in the week ahead
The stock market heads into Monday on a streak of volatility it just can’t seem to shake. What had been shaping up as a positive holiday-shortened week turned on a dime Wednesday when Federal Reserve Chairman Jerome Powell signaled concern that President Donald Trump ‘s tariffs could increase inflation and slow economic growth. Speaking at […]
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Meet Partiful, the Gen Z party-planning staple that’s taking on Apple
Partiful’s CEO, Shreya Murthy, and CTO, Joy Tao Courtesy: Partiful When Shreya Murthy and Joy Tao decided to launch a party-planning startup in 2020, they settled on a business goal of “bringing people together in person.” The Covid-19 pandemic demanded the exact opposite. Despite the challenge of the pandemic, Partiful survived, and five years later, […]
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How quantum could supercharge Google’s AI ambitions
Inside a secretive set of buildings in Santa Barbara, California, scientists at Alphabet are working on one of the company’s most ambitious bets yet. They’re attempting to develop the world’s most advanced quantum computers. “In the future, quantum and AI, they could really complement each other back and forth,” said Julian Kelly, director of hardware […]
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Google hit with second antitrust blow, adding to concerns about future of ads business
Google CEO Sundar Pichai testifies before the House Judiciary Committee at the Rayburn House Office Building on December 11, 2018 in Washington, DC. Alex Wong | Getty Images Google’s antitrust woes are continuing to mount, just as the company tries to brace for a future dominated by artificial intelligence. On Thursday, a federal judge ruled […]
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Stocks making the biggest moves midday: Eli Lilly, Alphabet, Hertz, UnitedHealth and more
Check out the companies making headlines in midday trading: Alphabet — Shares of the megacap technology name pulled back 1.2% after a federal judge ruled that Google has illegally monopolized online advertising technology , namely the markets for publisher ad servers and ad exchanges. Hertz — The rental car company surged 50% to a 52-week […]
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Judge finds Google holds illegal online ad tech monopolies
Alphabet‘s Google illegally dominated two markets for online advertising technology, a federal judge said on Thursday, dealing another blow to the tech titan in an antitrust case brought by the U.S. U.S. District Judge Leonie Brinkema in Alexandria, Virginia, ruled that Google unlawfully monopolized markets for publisher ad servers and the market for ad exchanges […]
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Temu slashes U.S. ad spending, plummets in App Store rankings after Trump China tariffs
In just 17 days after launch, Temu surpassed Instagram, WhatsApp, Snapchat and Shein on the Apple App Store in the U.S., according to Apptopia data shared with CNBC. Stefani Reynolds | Afp | Getty Images Chinese online retailer Temu, whose “Shop like a billionaire” marketing campaign made its way to last year’s Super Bowl, has […]
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Chip stocks fall as Nvidia, AMD warn of higher costs from China export controls
Nvidia CEO Jensen Huang delivers the keynote for the Nvidia GPU Technology Conference at the SAP Center in San Jose, California, on March 18, 2025. Brittany Hosea-small | Reuters Technology stocks declined Wednesday, led by a 8% drop in Nvidia, as the chipmaking sector signaled that President Donald Trump’s sweeping tariff plans could hamper demand […]
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OpenAI says newest AI model can ‘think with images,’ understanding diagrams and sketches
Sam Altman Co-founder and CEO of OpenAI speaks during the Italian Tech Week 2024 at OGR Officine Grandi Riparazioni on September 25, 2024 in Turin, Italy. Stefano Guidi | Getty Images News | Getty Images OpenAI has released its latest artificial intelligence model, which it said is capable of “thinking with images,” meaning it can […]
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