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Ratan Tata, the former chairman of Indian conglomerate Tata Sons, dies at age 86
World

Ratan Tata, the former chairman of Indian conglomerate Tata Sons, dies at age 86

Ratan Tata, a former chairman of Indian conglomerate Tata Sons, died at a Mumbai hospital on Wednesday night. He was 86. Tata Sons chairman N Chandrasekaran confirmed Tata’s death and described him in a statement as his “friend, mentor, and guide.” He did not provide a cause of death. Tata was admitted this week to […]

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Nvidia shares are up 25% in the last month, rallying near a record ahead of tech earnings
Technology

Nvidia shares are up 25% in the last month, rallying near a record ahead of tech earnings

Nvidia CEO Jensen Huang presents “Blackwell” at an event ahead of the Computex forum, in Taipei, Taiwan, on June 2, 2024. Ann Wang | Reuters Nvidia shares have surged 25% in the last month and are closing in on a record ahead of tech earnings season in the coming weeks, when top customers like Meta, […]

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Stocks making the biggest moves midday: Norwegian Cruise Line, Reddit, Chewy, Boeing and more
Finance

Stocks making the biggest moves midday: Norwegian Cruise Line, Reddit, Chewy, Boeing and more

Check out the companies making headlines in midday trading. Astera Labs – Shares gained more than 16% after the company, which sells data center connectivity chips, debuted new fabric switches for artificial intelligence . Norwegian Cruise Line – Shares popped 10% on the heels of a Citi upgrade to buy from neutral. Citi said the […]

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5 things to know before the stock market opens Wednesday
Politics

5 things to know before the stock market opens Wednesday

Here are five key things investors need to know to start the trading day: 1. Landing zone Stocks climbed Tuesday as investors look for signs of a so-called soft landing — the Federal Reserve reining in inflation without damaging the economy. The S&P 500 rose nearly 1% for the day, while the Nasdaq Composite climbed […]

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Stocks making the biggest moves premarket: Boeing, Alphabet, Blackstone, GitLab and more
Finance

Stocks making the biggest moves premarket: Boeing, Alphabet, Blackstone, GitLab and more

Check out the companies making headlines before the bell. Boeing — Shares slipped 1.8% after the aerospace company withdrew a pay raise offer it made to 33,000 machinists on strike since mid-September. With the talks again breaking down this week, the continued strike will cost Boeing more than $1 billion per month, S & P […]

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HSBC exec says there’s a lot of AI ‘success theater’ happening in finance
World

HSBC exec says there’s a lot of AI ‘success theater’ happening in finance

Big technology companies are betting that a new wave of smaller, more precise AI models will be more effective when it comes to the needs of businesses in sectors like law, finance, and health care. Jaap Arriens | NurPhoto via Getty Images   LONDON — Increasingly many financial services firms are touting the benefits of artificial […]

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CNBC Daily Open: Opportunity in October’s choppiness for stocks
World

CNBC Daily Open: Opportunity in October’s choppiness for stocks

A man covering his head with Halloween pumpkin sits as trees’ leaves turns the colors of the autumn season at Central Park in New York, United States on October 30, 2023.  Fatih Aktas | Anadolu | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors […]

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DOJ indicates it’s considering Google breakup following monopoly ruling
Technology

DOJ indicates it’s considering Google breakup following monopoly ruling

U.S. Assistant Attorney General Jonathan Kanter speaks about the antitrust lawsuit against Live Nation Entertainment during a press conference as Attorney General Merrick Garland and Deputy Attorney General Lisa O. Monaco look on during a press conference at the Department of Justice in Washington, U.S., May 23, 2024. REUTERS/Ken Cedeno Ken Cedeno | Reuters The […]

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Former Humane execs secure  million valuation after departing AI hardware startup
Technology

Former Humane execs secure $25 million valuation after departing AI hardware startup

Two former executives of Humane, the embattled AI hardware startup, are reemerging with a new artificial intelligence software venture that has raised $4 million at a $25 million valuation.  Brooke Hartley Moy and Ken Kocienda, Humane’s former strategic partnerships lead and head of product engineering, respectively, are debuting Infactory, an AI fact-checking search engine. The […]

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Foxconn chairman says AI investment boom ‘still has some time to go’ as language models evolve
World

Foxconn chairman says AI investment boom ‘still has some time to go’ as language models evolve

Chairman of Foxconn Young Liu delivers a speech during the Hon Hai Tech Day in Taipei on Oct. 18, 2023. I-hwa Cheng | AFP | Getty Images The boom in corporate investment into artificial intelligence infrastructure still has some way to go as large language models are continuing to evolve, according to the CEO of […]

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