Sam Altman, co-founder and CEO of OpenAI and co-founder of Tools for Humanity, participates remotely in a discussion on the sidelines of the IMF/World Bank Spring Meetings in Washington, D.C., April 24, 2025.Brendan Smialowski | AFP | Getty ImagesNot long ago, Silicon Valley was where the world’s leading artificial intelligence experts went to perform cutting-edge research. Meta, Google and OpenAI opened their wallets for top talent, giving researchers staff, computing power and plenty of flexibility. With the support of their employers, the researchers published high-quality academic papers, openly sharing their breakthroughs with peers in academia and at rival companies.But that era…
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Customers look over personal health items displayed on April 18, 2025 at a Costco branch in Niantic, Connecticut. Robert Nickelsberg | Getty Images The U.S. Federal Reserve at its May 7 meeting warned that America is facing an increased risk of stagflation — a scenario in which the economy slows or contracts while inflation shoots up — because of hefty tariffs imposed by President Donald Trump from April 2.Inflation data released Tuesday, however, showed that prices haven’t grown hotter yet. In fact, the annual reading came in lower than expected, and the core figure, which excludes volatile food and energy…
Omar Marques | Sopa Images | Lightrocket | Getty ImagesShares of stock brokerage platform eToro popped in their Nasdaq debut on Wednesday after the company raised almost $310 million in its IPO.The stock opened at $69.69, or 34% above its initial offering price. Shares were last up more than 40%.The Israel-based company sold nearly 6 million shares at $52 each, above the expected range of $46 to $50. Almost 6 million additional shares were sold by existing investors. At the IPO price, the company was valued at roughly $4.2 billion.This is breaking news. Please check back for updates. Source link
Rising demand in the artificial intelligence space could mean a boost in shares of Alibaba , according to Morgan Stanley. Analyst Gary Yu reiterated his overweight rating on the e-commerce giant and has a $180 price target on the name, implying nearly 37% upside from Tuesday’s close. Using a sum-of-the-parts valuation analysis, Yu said the stock could be worth $200 per share, or about 52% higher than its latest closing price. Alibaba shares have already soared more than 57% year to date, outpacing the broader market. “Alibaba is a major AI enabler poised to benefit from surging AI inference demand,”…
President Donald Trump has posted more than 200 times about oil prices since he joined Twitter in 2009, with his missives providing some insight on what price he prefers for crude — and it’s not a good level for the U.S. shale industry. Goldman Sachs mined all of Trump’s posts on Twitter, X, and his social media platform Truth Social. The bank found that Trump has called for lower oil prices 213 times and higher prices 15 times. The president posts the least about oil prices when U.S. crude trades between $40 to $50 per barrel, suggesting that this is…
U.S. President Donald Trump, Qatar’s Emir Tamim bin Hamad Al Thani and Boeing CEO Kelly Ortberg attend a signing ceremony in Doha, Qatar, May 14, 2025. Brian Snyder | ReutersBoeing and GE Aerospace secured a $96 billion agreement to sell Qatar Airways up to 210 aircraft, the White House said Wednesday.The deal for the 787 Dreamliner and 777X aircraft, struck during President Donald Trump’s state visit with the emir of Qatar, is Boeing’s “largest-ever widebody order and largest-ever 787 order,” according to the White House.Further details about the agreement were unclear. Boeing did not immediately respond to CNBC’s requests for…
Travelers walk past a sign pointing toward the Uber ride-share vehicle pickup area at Los Angeles International Airport in Los Angeles on Feb. 8, 2023.Mario Tama | Getty ImagesUber is giving commuters new ways to travel and cut costs on frequent rides.The ride-hailing company on Wednesday announced a route share feature on its platform, prepaid ride passes and special deals week for UberOne members at its annual Go-Get showcase.Uber’s new features come as the company accelerates its leadership position in the ridesharing market and seeks to offer more affordable alternatives for users. It also follows last week’s first-quarter earnings as…
A group of family members of Sinaloa Cartel leaders crossed into the United States last week, likely as part of a deal with the Trump administration, Mexico’s secretary of security said on Tuesday evening.For days, rumors had spread that 17 relatives, including one of the ex-wives of the crime boss known as El Chapo, had flown from a cartel stronghold to Tijuana, Mexico, and then crossed into the United States. A news outlet, Pie de Nota, reported that they had surrendered to U.S. federal authorities there, citing anonymous sources.The Sinaloa Cartel, co-founded by Joaquín Guzmán Loera, known as El Chapo,…
Lam Research (LRCX) is positioned to capitalize on a cooling trade war, with the U.S. and China reaching a temporary pause and reduction in tariffs. This development alleviates pressures on the semiconductor industry, which has been impacted by supply chain disruptions and uncertain business conditions. LRCX, a key player in semiconductor equipment, stands to benefit from increased demand for chip manufacturing as global tensions ease. With an attractive valuation, strong profitability, and a recent breakout signaling optimal timing for adding bullish exposure in a recovering sector. Trade timing The timing for adding bullish exposure to LRCX is optimal, as the…
Scene from season 3 of White Lotus.Source: HBOHBO became HBO Max became Max. Now, it will be HBO Max once more.Warner Bros. Discovery is renaming its streaming platform again starting this summer, restoring a name it ditched just two years ago. The company announced the rebranding Wednesday during its upfront presentation in New York.The change comes as Warner Bros. Discovery seeks to scale back its volume of content and focus on quality programming and storytelling.”The powerful growth we have seen in our global streaming service is built around the quality of our programming,” said David Zaslav, CEO of Warner Bros.…
