Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, on Jan. 18, 2024. Denis Balibouse | Reuters A group of 20 leading tech companies on Friday announced a joint commitment to combat AI misinformation in 2024 elections. The industry is specifically […]
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Foremost Group CEO Angela Chao died after car went into Texas pond, sheriff says
Angela Chao attends Angela A. Chao hosts The New York City Opera Pre-Gala Celebration at Private Residence on October 21, 2010 in New York City. Patrick McMullan | Getty Images Angela Chao, the CEO of Foremost Group and the sister-in-law of Senate Minority Leader Mitch McConnell, died after her car […]
Most employer health plans don’t cover new blockbuster weight loss drugs, but that’s going to change
Many U.S. companies are grappling with health insurance coverage issues for workers when it comes to GLP-1 drugs for weight loss. Despite the hefty price tag — typically between $1,000 to $1,500 a month — consumers are clamoring for drugs like Novo Nordisk‘s Wegovy and Eli Lilly‘s Zepbound. This class […]
U.S. troops will be on the front lines against Russia without further Ukraine aid, Senator Coons says
U.S. Sen. Chris Coons, D-Del., speaks to reporters during a break from a Senate Armed Services and Foreign Relations joint briefing on the U.S. policy on Afghanistan, on Capitol Hill in Washington, D.C., on Feb. 2, 2022. Al Drago | Reuters MUNICH, Germany — The U.S. faces the prospect of […]
Intuitive Machines stock jumps 16% after company says moon mission is in ‘excellent health’
Intuitive Machines’ Nova-C lander “Odysseus” deploys from the upper stage of SpaceX’s Falcon 9 rocket to begin the IM-1 mission. NASA TV Shares of Intuitive Machines jumped for a second consecutive day after the company issued an update that said its moon lander mission “is in excellent health.” The Texas-based […]
Family offices are going on the offensive, trading cash for alternative assets
Strauss/curtis | The Image Bank | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. While many institutional investors are trimming their alternative […]
People are moving out of cities with poor air quality — but many end up facing other climate risks
Eduardo Munoz Alvarez | Getty Images While both renters and homeowners are beginning to take climate hazards into consideration, affordability continues to drive moving trends. Between 2021 and 2022, about 1.2 million more homeowners and renters moved out of than moved into U.S. cities with high risk of poor air […]
Only the U.S. can force peace in the Middle East and it should pressure Israel, Lebanon foreign minister says
Lebanon’s foreign minister called on the U.S. to pressure Israel and bring an end to its bloody war with Palestinian militant group Hamas, which has now entered its fifth month. Speaking to CNBC on the sidelines of the Munich Security Conference, Abdallah Bou Habib stressed that establishing a pathway to […]
Coinbase shares surge after posting first quarterly profit in two years
Monitors display Coinbase signage during the company’s initial public offering at the Nasdaq MarketSite in New York, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Shares of cryptocurrency exchange Coinbase soared 15% Friday in U.S. trading after the company reported its first profit in two years. Coinbase, the […]
January wholesale prices rise more than expected, another sign of persistent inflation
Customers shop at a Costco Wholesale store on December 15, 2023 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Wholesale prices rose more than expected in January, further complicating the inflation picture, according to a Labor Department report Friday. The producer price index, a measure of […]