There has been a slate of positive headlines out of Amazon (AMZN) in recent days, making clear the Club holding has a strong future ahead. The stock, however, came under pressure Tuesday following the announcement of a long-anticipated U.S. antitrust lawsuit against the company. The suit is a development we’re […]
CNBC News
Grammy’s CEO: ‘We’re not going to award AI creativity’ unless it falls under these two categories
Artificial intelligence might be able to pass a Wharton MBA exam, but it can’t win a Grammy. That’s according to Harvey Mason Jr., CEO of the Recording Academy, which presents the Grammy Awards annually to recognize leading contributions to the music industry. “No, we’re not going to award AI creativity,” […]
Airbnb is offering a weekend stay at Shrek’s Swamp in the Scottish Highlands: Here’s how to book
Airbnb is doubling down on renting out the homes of fictional characters. Three months after offering a stay at Barbie’s Malibu DreamHouse, Airbnb’s latest stunt is a long weekend at Shrek’s Swamp. “Ogre enthusiasts can find peace and quiet watching the leaves fall in this mud-laden, moss-covered, murky-watered oasis that […]
Biden calls on Congress to fund government as Moody’s and Wells Fargo warn of shutdown impact
U.S. President Joe Biden speaks during an event announcing a new White House Office of Gun Violence Prevention, in the Rose Garden of the White House in Washington, U.S. September 22, 2023. Jonathan Ernst | Reuters WASHINGTON — President Joe Biden on Tuesday asked Congress in a social media post to […]
Barry Diller rips WGA deal with studios, says fair use needs to be redefined to address AI
Slamming the tentative labor deal between Hollywood writers and studios, media mogul Barry Diller on Tuesday laid out his biggest bone of contention with generative artificial intelligence. Diller, chairman of IAC and Expedia, called for the law to be redefined to protect published material from capture in artificial intelligence knowledge-bases. […]
FTC and 17 states sue Amazon on antitrust charges
The Federal Trade Commission has filed its long-anticipated antitrust lawsuit against Amazon. In a sweeping complaint filed in federal court in Seattle on Tuesday, the FTC and attorneys general from 17 states accused Amazon of wielding its “monopoly power” to inflate prices, degrade quality for shoppers and unlawfully exclude rivals, […]
Fed’s Neel Kashkari sees 40% chance of ‘meaningfully higher’ interest rates
Neel Kashkari, President and CEO of the Federal Reserve Bank of Minneapolis, attends an interview with Reuters in New York City, New York, U.S., May 22, 2023. Mike Segar | Reuters Minneapolis Federal Reserve President Neel Kashkari thinks there’s nearly a 50-50 chance that interest rates will need to move […]
Sales of newly built homes reverse course, drop nearly 9% in August
Sales of newly built homes fell 8.7% in August from July to a seasonally adjusted annualized pace of 675,000 units, according to the U.S. Census Bureau. That is the slowest pace since March. Sales were still 5.8% higher than August 2022. The Census count is based on signed contracts during […]
‘Taylor Swift: The Eras Tour’ concert film set for global theatrical release
Taylor Swift performs onstage during her The Eras Tour concert at Lumen Field in Seattle, Washington, on July 22, 2023. Mat Hayward/tas23 | Getty Images Entertainment | Getty Images Taylor Swift’s highly anticipated concert film is getting a global release. The pop superstar’s upcoming movie, which chronicles her record-breaking and […]
UPS to hire 100,000 holiday workers with Teamsters pay bump
A UPS worker sorts packages in New York on Dec. 18, 2017. Adam Jeffery | CNBC UPS plans to hire more than 100,000 seasonal workers again this year to support the holiday shipping rush, the company announced Tuesday in a press release. This year, though, they’ll be starting with a […]