Sam Altman, CEO of OpenAI, during the Asia-Pacific Economic Cooperation CEO Summit in San Francisco on Nov. 16, 2023. David Paul Morris | Bloomberg | Getty Images OpenAI is valued by private investors at $86 billion, due in part to the popularity of ChatGPT. But if you’re looking for a […]
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U.S. crude oil falls 4% as traders worry about inflation impacting demand
A sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. Angus Mordant | Reuters U.S. crude oil on Tuesday dropped 4% as inflation data stoked anxiety among traders that the Federal Reserve may not be […]
Epic CEO Tim Sweeney on why the company did better against Google than Apple in court
Google CEO Sundar Pichai (L), and Epic Games CEO Tim Sweeney. Reuters A federal court jury decided late on Monday that Google‘s Android app store, Google Play, uses anticompetitive practices that hurt consumers and software developers. The verdict is a significant win for Epic Games and its CEO Tim Sweeney, […]
Fanatics’ Topps is putting Tom Brady on a Montreal Expos trading card
Tom Brady Baseball Card Courtesy: Fanatics Topps When sports platform Fanatics acquired trading card company Topps in January 2022 for roughly $500 million, part of the investment thesis for Fanatics was that there was an opportunity to not only create more products for the already passionate collector, but also for […]
Gas prices have fallen 19% since September, hit lowest point of year ahead of holiday
A vehicle refuels at a Shell gas station in Hyattsville, MD, US, on Tuesday, Nov. 28, 2023. Al Drago | Bloomberg | Getty Images Gas prices in the U.S. have fallen to the cheapest level of the year just as consumers prepare for the busy holiday shopping and travel season, […]
Oracle shares fall more than 10% on light cloud revenue
Larry Ellison, co-founder and chairman of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco, California, U.S., on Tuesday, Oct. 3, 2017. David Paul Morris | Bloomberg | Getty Images Oracle shares fell more than 10% at the market open Tuesday after the company missed estimates on […]
Here’s the inflation breakdown for November 2023 — in one chart
Kentaroo Tryman | Maskot | Getty Images Inflation declined slightly last month on the back of weaker prices at the gasoline pump and a broader easing of price pressures throughout the U.S. economy, experts said. The consumer price index in November increased 3.1% from 12 months earlier, down from 3.2% […]
CosMc’s is gunning for afternoon coffee sales. But Starbucks shouldn’t worry, analyst says
BOLINGBROOK, ILLINOIS – DECEMBER 11: Customers place their orders at CosMc’s, a concept restaurant recently launched by McDonald’s on December 11, 2023 in Bolingbrook, Illinois. Lines to order food and beverages at the drive-thru-only restaurant, which opened to the public late last week, have been as long as 6 hours. […]
Inflation slowed to a 3.1% annual rate in November
Prices across a broad range of goods and services edged higher in November but were mostly in line with expectations, further easing pressure on the Federal Reserve. The consumer price index, a closely watched inflation gauge, increased 0.1% in November, and was up 3.1% from a year ago, the Labor […]
Jim Cramer’s top 10 things to watch in the stock market Tuesday
My top 10 things to watch Tuesday, Dec. 12 Oracle : The transition to the cloud is proving tougher than we thought. However, the company does not believe it’s doing badly, which makes it tough to reconcile. The stock was falling more than 9% after Monday evening’s tough quarter. Investing […]