Meta CEO, Mark Zuckerberg and Tesla and SpaceX CEO, Elon MuskManuel Orbegozo | Chip Somodevilla | ReutersElon Musk, the world’s richest person, asked Meta CEO Mark Zuckerberg to help him finance a $97.4 billion takeover of OpenAI in early 2025, court filings on Thursday revealed.The filing is part of a legal case between Musk and OpenAI that was initiated last year. The case is proceeding in a federal court in Northern California, and a judge recently said OpenAI can move ahead with counter claims against Musk, who co-founded OpenAI as a non-profit with Sam Altman and others in 2015.When Musk…
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The ‘Fast Money’ traders talk expectations of a Fed rate cut and how that is impacting markets. Source link
An Nvidia chip is seen through a magnifying glass in Beijing, China, on August 1, 2025. Vcg | Visual China Group | Getty ImagesNvidia has asked some of its component suppliers to stop production related to its made-for-China H20 general processing units, as Beijing cracks down on the American chip darling, The Information reported Friday. The directive comes weeks after the Chinese government told local tech companies to stop buying the chips due to alleged security concerns, the report said, citing people with knowledge of the matter.Nvidia reportedly as asked Arizona-based Amkor Technology, which handles the advanced packaging of Nvidia’s H20…
Jaque Silva| Nurphoto | Getty ImagesOpenAI’s human resources chief, Julia Villagra, is leaving the company, CNBC has confirmed.It’s the latest high-profile shakeup at the artificial intelligence startup, which is aggressively hiring AI talent as it faces heightened competition from Google, Meta, Anthropic and others.OpenAI CEO Sam Altman announced Villagra’s promotion to the role of chief people officer in March. She joined the company last year and is set to leave on Friday. Reuters was first to report her pending departure, which the company confirmed to CNBC.Villagra’s exit comes just months after longtime Meta executive and former Instacart CEO Fidji Simo…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyJens Nordvig, Exante Data CEO and founder, joins ‘Fast Money’ to talk what the currency markets are signaling about investor sentiment.05:224 hours ago Source link
SHANGHAI, CHINA – AUGUST 14, 2025 – Tourists are visiting the Bund in Shanghai, China on August 14, 2025. Cfoto | Future Publishing | Getty ImagesAsia-Pacific markets traded mixed Friday as investors await U.S. Federal Reserve Chair Jerome Powell’s speech at the central bank’s annual economic symposium, which could offer clues into the path of interest rates.South Korea’s Kospi jumped 1.22% and the small-cap Kosdaq was 0.94% higher.Japan’s benchmark Nikkei 225 slipped 0.1% at the open, while the Topix rose 0.44%.The country’s core inflation rate cooled to 3.1% in July, coming down from 3.3% the month before. The figure —…
Jeffrey Schmid, president and chief executive officer of the Federal Reserve Bank of Kansas City, right, during an interview at the Kansas City Federal Reserve’s Jackson Hole Economic Policy Symposium in Moran, Wyoming, U.S., on Wednesday, Aug. 20, 2025.David Paul | Bloomberg | Getty Images Jerome Powell, chair of the U.S. Federal Reserve, will be giving his keynote address at the annual Jackson Hole, Wyoming, gathering of central bankers and economists on Friday stateside.It’ll be one of the most important speeches by a central bank official — even more so than Powell’s press conferences after the Fed’s rate-setting meetings —…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCME Group CEO Terry Duffy joins ‘Fast Money’ to talk its partnership with FanDuel, growth drivers for the group, his outlook on the Federal Reserve and more. Source link
Jeep is rolling out a freshly designed model after six consecutive years of annual sales declines.The Stellantis automaker unveiled a new Jeep Cherokee on Thursday, the latest move to try to jump-start sales. It’s the first Jeep hybrid system, and the first for Stellantis in North America.The 2026 Jeep Cherokee redesign aims to evoke the iconic Cherokee SUV brand, which has dotted the company’s history for decades. Jeep had previously discontinued the model in 2023 under Stellantis’ former CEO Carlos Tavares as part of various cost-cutting measures.Thursday’s model marks the debut of Stellantis’ new 1.6-liter turbo-four hybrid powertrain, with more…
Meta CEO Mark Zuckerberg makes a keynote speech at the Meta Connect annual event at the company’s headquarters in Menlo Park, Calif., on Sept. 25, 2024.Manuel Orbegozo | ReutersMeta has agreed to spend more than $10 billion on Google cloud services, according to two people familiar with the matter.The agreement spans six years, said the people, who asked not to be named because the terms are confidential. The deal was reported earlier by The Information.Google is aiming to land big cloud contracts as it chases larger rivals Amazon Web Services and Microsoft Azure in cloud infrastructure. Earlier this year Google…
