Activist investor Nelson Peltz is stating his case for joining Disney‘s board. Peltz’s Trian Fund Management, in formally nominating Peltz and former Disney Chief Financial Officer Jay Rasulo to the media giant’s board of directors Thursday, made a list of initiatives and performance targets they’d pursue if elected. In a […]
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Ukraine dismisses Trump-Putin relationship, brushes off U.S. election fears
Minister of Foreign Affairs of Ukraine Dmytro Kuleba attends a joint briefing with Minister of Foreign Affairs of the Netherlands Hanke Bruins Slot. Future Publishing | Getty Images Ukraine’s Foreign Minister Dmytro Kuleba told CNBC Thursday that he does not think there would be a big shift in support away […]
OpenAI announces first partnership with a university
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 OpenAI on Thursday announced its first partnership with a higher education institution. Starting in February, Arizona State University will have full access to ChatGPT […]
Passive investing rules Wall Street now, topping actively managed assets in stock, bond and other funds
Traders work on the floor of the New York Stock Exchange during afternoon trading on January 17, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty Images Passive investment products have long been pulling in the lion’s share of money from investors, but as 2023 […]
Trump sexual assault defamation trial: E. Jean Carroll testifies after ex-president, judge clash
E. Jean Carroll enters Manhattan Federal Court, in the second civil trial after she accused former U.S. President Donald Trump of raping her decades ago, in New York City, U.S., January 18, 2024. Shannon Stapleton | Reuters The writer E. Jean Carroll resumed testifying Thursday in her civil defamation trial […]
We don’t want to see an AI ‘Hiroshima,’ Salesforce CEO warns
Marc Benioff, co-founder, chairman and CEO Salesforce, speaking with CNBC’s Sara Eisen at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBC The tech industry is setting down safety protocols and establishing trust principles in relation to the developing AI software that […]
Weekly jobless claims post lowest reading since September 2022
A networking and hiring event for professionals of color in Minneapolis, MN. Michael Siluk | Getty Images The labor market continued to show surprising resiliency in the early days of 2024, with initial jobless claims posting an unexpected drop last week. Initial filings for unemployment insurance totaled 187,000 for the […]
Government shutdown could disrupt upcoming tax season, IRS commissioner says
Internal Revenue Commissioner Danny Werfel speaks during his swearing in ceremony at the IRS on April 4, 2023 in Washington, DC. (Photo by Bonnie Cash/Getty Images) Bonnie Cash | Getty Images News | Getty Images As Americans prepare for the opening of tax season, lawmakers are racing to avert a […]
U.S. executives in Davos see a Trump victory in 2024, and no cause for concern
Republican presidential candidate and former U.S. President Donald Trump gestures as he takes the stage at his caucus night watch party in Des Moines, Iowa, U.S., January 15, 2024. Evelyn Hockstein | Reuters DAVOS, Switzerland — Global business leaders may be in the snowy hills of Switzerland, but their conversations […]
‘Fraud is at a crisis level,’ says expert: 5 financial scams to watch out for in 2024
Natasaadzic | Istock | Getty Images Artificial intelligence tools and sophisticated technology are making it harder for consumers to spot scams. Fraud cost U.S. consumers more than $7 billion during the first three quarters of 2023, according to the Federal Trade Commission. Those figures are up 5% compared to the […]