business news
OpenAI loses multiple executives in latest leadership shakeup
Kevin Weil, chief product officer of OpenAI, speaks during the Hill & Valley forum at the US Capitol in Washington, DC, US, on Wednesday, April 30, 2025. Al Drago | Bloomberg | Getty Images Three OpenAI executives announced their departures from the company on Friday, the latest in a series of leadership shakeups at the […]
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Video shows ships turning away from the Strait of Hormuz as confusion persists over whether sea lane is really open
Oil tankers are remaining cautious about sailing through the Strait of Hormuz after Iran declared Friday that the sea lane is open to commercial ships, video footage shows. Oil futures contracts tumbled Friday as the market interpreted the announcement from Tehran as a major breakthrough that will ease the massive disruption to global energy supplies. […]
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Jim Cramer on the market’s ‘remarkable’ rally — and what to watch in a big earnings week ahead
CNBC’s Jim Cramer on Friday laid out his game plan for the week ahead after what he called one of the most “remarkable” rallies he’s ever seen. “If you didn’t believe we could have still one more week where we’d rally 3%, you’d be right,” Cramer said. “We actually rallied 4% thanks to today’s gigantic […]
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Airlines will return to pre-war trend line by Q4, says Raymond James’ Savanthi Syth
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Closing Bell Savanthi Syth, Raymond James airlines analyst, joins ‘Closing Bell’ to discuss the upcoming airline earnings, a potential merger and much more. 04:21 39 minutes ago Source
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Three things to know about FISA Section 702: Congress passes short-term extension of controversial surveillance program
Sen. Ron Wyden, D-Ore., speaks as U.S. Trade Representative Jamieson Greer testifies before a Senate Finance Committee hearing on President Donald Trump’s trade policy, on Capitol Hill in Washington, April 8, 2025. Kevin Mohatt | Reuters The House and Senate on Friday approved a short-term extensive of a section of federal law that allows the […]
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Perspective: AI demand is inflated, and only Anthropic is being realistic
The main demand signal for artificial intelligence looks explosive on paper, but it may be significantly overstated. Anthropic, by pricing its tools for that reality, might be the best-positioned AI company if a correction comes. Tokens are the basic unit of AI usage: words and characters that make up both the queries users send and […]
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‘Too far, too fast’: Some investors warn the market’s rally may not last
The S & P 500 rose more than 1% Friday afternoon after Iran said it would open the Strait of Hormuz for the duration of the ceasefire between Israel and Lebanon. The ensuing surge brought the index’s gains over the past 13 sessions to more than 12%. But some investors on CNBC’s “Halftime Report” on […]
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Goldman says buy these dividend-paying energy stocks with upside potential
Energy stocks took a hit on Friday amid falling oil prices — and that could spell a buying opportunity for certain names favored by Goldman Sachs. Iran announced that the Strait of Hormuz was ” completely open ” earlier in the day, but President Donald Trump said the U.S. blockade was still active. Oil prices […]
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AI chipmaker Cerebras set to file for IPO as soon as today
Cerebras, a producer of chips that run artificial intelligence models, will file to go public on Friday, two people familiar with the matter told CNBC. The people spoke on condition of anonymity, in order to discuss internal matters. Cerebras declined to comment. For years, Cerebras sought to sell chips to companies, but it has begun […]
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Jet fuel crisis in Europe threatens summer travel plans
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email The International Energy Agency on Thursday warned that the Middle East crisis is hurting Europe’s airline industry, which is on the brink of running out of jet fuel. As Europe heads into its peak travel season, a continued blockade of the Strait […]
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