In this pool photograph distributed by Russian state agency Sputnik, Russia’s President Vladimir Putin addresses the audience during the Future Technologies Forum at the World Trade Center in Moscow on February 14, 2024. Alexander Kazakov | AFP | Getty Images Russian President Vladimir Putin warned NATO countries of the danger […]
CNBC News
Snowflake shares drop 19% on CEO’s retirement, weak guidance
Snowflake Chairman and CEO Frank Slootman attends the Snowflake Summit 2022, in Las Vegas, Nevasa, U.S., June 14, 2022. Snowflake | Via Reuters Shares of Snowflake dropped 19% in Thursday morning trading, a day after the cloud software company announced that billionaire CEO Frank Slootman will retire and be replaced […]
Microsoft introduces Copilot AI chatbot for finance workers in Excel and Outlook
Charles Lamanna, corporate vice president for business applications and platforms at Microsoft, speaks at a press event in San Francisco on Feb. 28, 2024. Jordan Novet | CNBC Microsoft on Thursday announced that it will release a Copilot chatbot that can perform key tasks for people working in finance. The […]
Key Fed inflation measure rose 0.4% in January as expected, up 2.8% from a year ago
Inflation rose in line with expectations in January, according to an important gauge the Federal Reserve uses as it deliberates cutting interest rates. The personal consumption expenditures price index excluding food and energy costs increased 0.4% for the month and 2.8% from a year ago, as expected according to the […]
Bitcoin rises, trading at $62,000 to cap a winning month
Jonathan Raa | Nurphoto | Getty Images Crypto prices rose on Thursday as bitcoin and ether headed for a winning month. Bitcoin was last higher by more than 4% at $62,901.93 on the final day of February, according to Coin Metrics. On Wednesday it surged to $64,000 at one point, […]
Over 60% of illegal crypto activity is tied to sanctioned groups or terrorist organizations, report finds
Andrea Gacki, director of the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury, appears onscreen during the Chainalysis Links conference in New York, US, on Thursday, May 19, 2022. Bloomberg | Bloomberg | Getty Images Sanctioned entities, like those linked to North Korean hacking groups […]
Humanoid robot startup Figure AI valued at $2.6 billion as Bezos, OpenAI, Nvidia join funding
Startup Figure AI is developing general-purpose humanoid robots. Figure AI Figure AI, a startup working to build humanoid robots that can perform dangerous and undesirable jobs, just got a big vote of confidence from some of the largest names in artificial intelligence. The company said Thursday that it raised $675 […]
Best Buy tops holiday quarter estimates but issues soft full-year guidance
People walk past a Best Buy store in Manhattan, New York City, November 22, 2021. Andrew Kelly | Reuters Best Buy surpassed Wall Street’s revenue and earnings expectations for the holiday quarter on Thursday, even as the retailer navigated through a period of tepid consumer electronics demand and guided to […]
Newly listed Birkenstock beats revenue expectations on higher pricing, U.S. demand
Employee Mo Soto arranges a shelf at a Birkenstock store on October 10, 2023 in Venice, California. Ethan Swope | Getty Images Birkenstock on Thursday beat holiday quarter revenue expectations, reporting a 26% year-on-year jump, as the German sandal company benefited from higher pricing and rising U.S. demand. Here’s how […]
Maserati reveals first GranCabrio convertible sports car since 2019
At launch, the Maserati GranCabrio is available in the Trofeo trim level. It includes a 3.0 liter twin-turbo V6 engine. Maserati Maserati’s first GranCabrio convertible since 2019 is expected to go on sale this summer in the U.S. with a top speed of nearly 200 miles per hour and likely […]