Sam Altman, CEO of OpenAI, during an interview at Bloomberg House on the opening day of the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. Chris Ratliffe | Bloomberg | Getty Images DAVOS, Switzerland — OpenAI founder and CEO Sam Altman said the night he was pushed out […]
CNBC News
China misses fourth-quarter GDP estimates, resumes posting youth unemployment data
Construction at China Vanke Co.’s Isle Maison development in Hefei, China, on Monday, Nov. 27, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — China missed fourth-quarter GDP estimates on Wednesday, while it resumed reporting the unemployment rate for young people. The National Bureau of Statistics said that excluding people […]
Air freight rates could spike as Red Sea attacks disrupt shipments via sea
DHL Cargo planes are unloaded at Halle-Leipzig Airport on February 28, 2014 in Leipzig, Germany. The soon to-be-expanded hub handles 2,000 tons of cargo, or 100,000 parcels and documents every business day. Up to 60 cargo planes land every weeknight. Marco Prosch | Getty Images The Houthi attacks in the […]
Jim Cramer says the market is ready for a pullback
CNBC’s Jim Cramer on Tuesday said the market is ready for a pullback because many stocks, including tech companies touting artificial intelligence initiatives, have climbed too quickly without a solid basis for doing so. He said Tuesday’s action — with the Dow Jones Industrial Average slipping 0.62%, the S&P 500 […]
Here’s what Apple had to change as a result of the Epic Games legal battle
Tim Cook, chief executive officer of Apple Inc., speaks during the Apple Worldwide Developers Conference (WWDC) in San Jose, California, U.S., on Monday, June 4, 2018. David Paul Morris | Bloomberg | Getty Images Apple changed the rules of its U.S. App Store on Tuesday in what appears to be […]
Crypto firm Ripple explored IPO outside of U.S. because of ‘hostile’ SEC, won’t go public soon
DAVOS, Switzerland — Ripple explored markets outside the U.S. for its initial public offering, CEO Brad Garlinghouse told CNBC, blaming a “hostile” regulator. However, the firm has put any plans for an IPO on hold for now, Garlinghouse said. Garlinghouse told CNBC in 2022 that Ripple, the company behind the cryptocurrency […]
Amazon launches generative AI tool to answer shoppers’ questions
Amazon trailers are parked at an Amazon Air gateway at Miami International Airport in Miami, Florida, on Sept. 26, 2023. Joe Raedle | Getty Images Amazon is rolling out an artificial intelligence tool that can answer shoppers’ questions about a product, a spokesperson confirmed, as the company continues to experiment […]
Top pharma CEO says preparedness for a new pandemic has not improved
Vas Narasimhan, chief executive officer of Novartis AG, listens during a panel session on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 22, 2019. Jason Alden | Bloomberg | Getty Images Vas Narasimhan, CEO of pharmaceutical firm Novartis, told CNBC Tuesday that he didn’t […]
Jurors in Trump defamation trial told: ‘It’s time to hold him accountable’
Former President Donald Trump, center, departs Trump Tower in New York on Jan. 16, 2024. David Dee Delgado | Bloomberg | Getty Images A lawyer for writer E. Jean Carroll urged jurors on Tuesday to force former President Donald Trump to pay for repeatedly defaming her in denying her account […]
ABC News cancels Republican debate after Haley refuses to debate without Trump
Former U.S. President Donald Trump meets with Nikki Haley, then-U.S. Ambassador to the United Nations, in the Oval Office of the White House on in Washington, D.C., on Oct. 9, 2018. Olivier Douliery | AFP | Getty Images WASHINGTON — ABC News has announced it will not move forward with […]