Apple Inc
Market sell-off won’t last for one key reason, CIO says: There’s no tech bubble to burst
Global markets are cautiously rebounding from an early-August rout — and one asset manager says there’s no need to fear a burst tech bubble causing a persistent downturn. Technology stocks were among the hardest-hit by the recent sell-off, as declines of 1.6% in July and more than 4% so far in August for Wall Street’s tech-dominated […]
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Asia-Pacific markets set to open mixed after volatile week; India inflation and industrial data in focus
A money lender counts Indian rupee currency notes at his shop in Ahmedabad, India. Amit Dave | Reuters Asia-Pacific markets were set to open mixed on Monday after a roller-coaster week that saw steep sell-offs followed by a sharp recovery, especially in Japan stocks. Futures for key U.S. indexes were lower as investors awaited key […]
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On paper the stock market should be great, not on a knife’s edge. But that’s the opportunity
When I look at Thursday’s rally, I am beginning to realize that we have become so binary and so up close that we have lost our ability to think about what matters. The big fish data got caught among the minnow minutiae and we ended up with ridiculous rallies that are, therefore, based on nothing. […]
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The rise of OpenAI and Microsoft’s $13 billion bet on the AI startup
OpenAI, the company behind the ChatGPT chatbot, was founded in 2015 by a number of researchers, academics and entrepreneurs, including Sam Altman, Greg Brockman and Elon Musk. Altman and Brockman are still at OpenAI, serving as CEO and president, respectively. Musk departed in 2018. At the time, OpenAI said Musk left to avoid a conflict […]
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Buy the dip in tech stocks including Nvidia amid market uncertainty, Bank of America says
There’s still plenty of top technology stocks to buy even as the market unease continues, according to Bank of America. The Wall Street bank named several companies that analysts believe sell at an attractive entry point. CNBC Pro combed through Bank of America research to find top buy-rated tech stocks. Those we found included Amazon, […]
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JPMorgan Chase is giving its employees an AI assistant powered by ChatGPT maker OpenAI
Key Points JPMorgan Chase has rolled out a generative AI assistant to tens of thousands of its employees, the initial phase of a broader plan to inject the technology throughout the bank. The program, called LLM Suite, is already helping more than 60,000 employees with tasks like writing emails and reports. The software is expected […]
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Apple could charge up to $20 for some Apple Intelligence AI features, analysts say
Jaque Silva | SOPA Images | Lightrocket | Getty Images Apple could charge its users up to $20 for its advanced artificial intelligence features, analysts told CNBC, as the company looks to boost the growth of its lucrative services business. The Cupertino giant plans to rollout Apple Intelligence, its forthcoming AI system, across some of […]
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Asia markets open lower as Wall Street recovery stalls; investors asses Japan trade data
The Reserve Bank of India xxxx rates August 6, 2023 as inflation cools in the world’s fifth-largest economy. Punit Paranjpe | Afp | Getty Images Asia-Pacific markets opened lower on Thursday as Wall Street declined overnight, while investors also awaited trade data from Japan and India’s rate decision. The Dow Jones Industrial Average fell 0.60%, while […]
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Google’s antitrust ruling has experts looking to 25-year-old Microsoft case for answers
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 In ruling Monday that Google has held a monopoly in internet search, U.S. judge Amit Mehta invoked the company at the center of the most famous tech antitrust […]
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Consumer giants from Starbucks to General Mills have one big sales problem: China
Pictured here is a McDonald’s store in Yichang, Hubei province, China, on July 30, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — A theme emerging in the latest slew of U.S. companies’ earnings reports is a drag from the China market. The Chinese economy — home to more than four times the population of […]
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