business news
Dueling PACs take center stage in midterm elections over AI regulation
Assemblyman Alex Bores is interviewed on Monday, May 13, 2024, at the Capitol in Albany, N.Y. Will Waldron | Albany Times Union | Getty Images Two major AI PACs are facing off against each other in a New York congressional race — an early battleground for AI regulation that is set to pump hundreds of […]
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Chinese tech companies progress ‘remarkable,’ OpenAI’s Altman tells CNBC
India’s Prime Minister Narendra Modi (L) takes a group photo with AI company leaders including OpenAI CEO Sam Altman (C) and Anthropic CEO Dario Amodei (R) at the AI Impact Summit in New Delhi on February 19, 2026. Ludovic Marin | Afp | Getty Images The progress of Chinese tech companies across the entire stack […]
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Nestle plans sale of ice cream business as fourth-quarter sales growth beats estimates
Nestle shares rose 3% Thursday after the maker of Nescafé and KitKat reported organic sales growth for the fourth quarter that beat analyst forecasts. The closely watched organic growth rate came in at 4%, beating a FactSet consensus of 3.55%. For 2026, Nestle said it is targeting organic sales growth of 3% to 4%, along with an […]
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U.S. says Tehran would be ‘very wise’ to make a deal as Russia, Iran hold naval drills
U.S. President Donald Trump disembarks Air Force One at Palm Beach International Airport in West Palm Beach, Florida, U.S., Feb. 13, 2026. Elizabeth Frantz | Reuters The Trump administration has warned it would be “very wise” for Iran to make a deal, amid reports the White House is considering fresh military action against Tehran as […]
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‘Do not give away Diego Garcia’: Trump attacks the UK over Chagos Islands deal, again
U.S. President Donald Trump and British Prime Minister Keir Starmer hold a press conference following their meeting at Chequers, near Aylesbury, Britain, Sept. 18, 2025. Kevin Lamarque | Reuters U.S. President Donald Trump has once again criticized the U.K.’s plan to hand the Chagos Islands back to Mauritius, telling the country not to “give away” […]
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Airbus falls 5% after targeting only 870 deliveries this year as Boeing competition tightens
These specially configured A350-1000ULRs are expected to enable the world’s longest commercial flights. Qantas Airbus said Thursday it expects to deliver 870 commercial aircraft in 2026, slightly fewer than the roughly 880 analysts had expected. It comes as pressure is building for the European planemaker, with U.S. rival Boeing showing signs of recovery after years […]
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Former South Korean president Yoon Suk Yeol gets life sentence over martial law attempt
SEOUL, SOUTH KOREA – APRIL 21: Former South Korean President Yoon Suk Yeol arrives for his criminal trial on insurrection charges at a courtroom of the Seoul Central District Court on April 21, 2025 in Seoul, South Korea. The second trial regarding former President Yoon Suk-yeol’s charge of leading a rebellion hold at the Seoul […]
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European stocks set to open mixed with earnings due from Nestle, Airbus
Nestle Coffee-Mate is sold on a store’s shelves on February 18, 2016 in New York City. Andrew Burton | Getty Images News | Getty Images LONDON — European stocks are expected to open in mixed territory on Thursday as investors await further earnings reports. The U.K.’s FTSE index is seen opening 0.15% higher, Germany’s DAX […]
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Quantum’s big leap puts data centers in the spotlight
Microsoft’s Majorana 1 quantum computing chip Microsoft After decades confined largely to research labs, Quantum computing may be closer to its breakout moment than many on Wall Street expect. The technology, which uses the principles of quantum mechanics to solve problems beyond the ability of the most powerful classical supercomputers, has long been described as futuristic. But rapid advancements have […]
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Watch CNBC’s full interview with Microsoft President Brad Smith at the AI Impact Summit in India
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Microsoft President Brad Smith told CNBC’s Arjun Kharpal that U.S. tech companies should “worry a little bit” about the subsidies their Chinese competitors receive from their government in the AI race. They were speaking at the sidelines of the AI Impact Summit […]
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