VCG | Visual China Group | Getty ImagesGoogle has been trying to play catchup to OpenAI in generative artificial intelligence. It appears to finally be gaining ground with users.The company’s Gemini app took the top spot among free apps on Apple’s App Store this week, leapfrogging ChatGPT, which kickstarted the generative AI boom almost three years ago.Google’s Gemini AI model has seen some recent updates that have lured new users. Last month, Google launched an updated version of its “Flash” AI model, called 2.5 Flash Image, which has a new image editing feature called Nano Banana. The app allows users…
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Federal Reserve Chairman Jerome Powell speaks at Jackson Hole on Aug. 22, 2025 in Wyoming.David A. Grogan | CNBCThe Federal Reserve meets this week with some big items on the agenda: An important rate decision and forecast of what’s ahead, combined with a healthy dose of political intrigue uncommon for central bank policymakers.On the monetary side, the Federal Open Market Committee on Wednesday will release its ruling on where it will set the overnight borrowing rate. Along with that, officials will sketch their outlook for what’s ahead for rates on the closely followed “dot plot” grid.Politically, there will be one…
Bill Nygren, portfolio manager at Oakmark Funds since the 1980s, said Tuesday that investors should look outside of the S & P 500 for opportunities, as it has effectively become a megacap tech fund. The longtime value investor said he is picking up hidden gems outside the dominant technology sector, prioritizing strong companies with single-digit price-to-earnings multiples. The S & P 500 has recently rallied to record highs, powered by a handful of megacap tech stocks, from Nvidia to Alphabet . Nygren said he likes retirement services firm Corebridge Financial , which has a robust buyback program. “It’s a competitive…
Gary Bettman, NHL Commissioner, speaking on CNBC’s Squawk Box on Nov. 20th, 2024. CNBCThe 2026 Winter Olympics in Milan will mark the first time in 12 years that NHL players will return to the Games, something that NHL Commissioner Gary Bettman is expecting to have a big impact on the league.”Ultimately, in terms of balancing the pros and cons, we decided it was important to go back and be on what is one of the most visible platforms in the world,” Bettman said at CNBC Sport and Boardroom’s Game Plan conference in Santa Monica, California, on Tuesday.Prior to Bettman being named…
Microsoft CEO Satya Nadella speaks at Microsoft Build AI Day in Jakarta, Indonesia, on April 30, 2024.Adek Berry | AFP | Getty ImagesLONDON — Microsoft said on Tuesday that it plans to invest $30 billion in the U.K. by 2028, as the company builds out its artificial intelligence infrastructure. The investment includes an additional $15.5 billion in capital expansion and $15.1 billion in its U.K. operations, Microsoft said. The company said the investment would enable it to build the U.K.’s “largest supercomputer,” with more than 23,000 advanced graphics processing units, in partnership with Nscale, a British cloud computing firm.The spending…
With a few clicks on his keyboard and one social-media post to the world, President Donald Trump revived a long-running debate on the merits of quarterly earnings reports. The resolution could have significant ramifications for investors. The Securities and Exchange Commission is listening to the president. After Trump’s missive on Truth Social on Monday morning — arguing the SEC should do away with its quarterly earnings requirement in favor of semiannual reports — the U.S. securities regulator said in a statement it is “prioritizing this proposal to further eliminate unnecessary regulatory burdens on companies.” Trump’s idea is not a new…
Nikola Tesla once said: “A thousand years hence the telephone and motion picture camera may be obsolete, but the principle of the rotating magnetic field will remain a vital living thing for all time to come.” Just today we added a 3% position in MP Materials , symbol “MP,” in our Active Opps portfolio and a 2% stake in our Tactical Alpha Growth portfolio. MP is the United States’ only large-scale producer of rare earth minerals, producing 15% of the world’s supply or rare-earth oxides — the essential building block of high-strength permanent magnets. According to the MP website, its…
New York Attorney General Letitia James holds a press conference following a ruling against former U.S. President Donald Trump ordering him to pay $354.9 million and barring him from doing business in New York State for three years, in the Manhattan borough of New York City on Feb. 16, 2024.David Dee Delgado | ReutersFive top executives of the strip club operator RCI Hospitality Holdings have been indicted in connection with a multi-million-dollar criminal tax fraud and bribery scheme, New York Attorney General Letitia James announced Tuesday.The scheme included RCI executives allegedly bribing a New York state Department of Taxation and…
With the Federal Reserve expected to resume its rate-cutting cycle on Wednesday, investors may start looking for new income opportunities in dividend-paying stocks. The market is pricing in 100% odds that the central bank decreases rates at its meeting, with the majority expecting a 25 basis point — or 0.25 percentage point — cut, according to the CME FedWatch tool . As a result, yields on cash instruments like money markets and short-term bonds should start to come down. Bond yields move inversely to prices. Falling bond yields generally make dividend payouts look relatively more attractive. Dividends are also a…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, crypto executives, including Tom Lee, chairman of the board for BitMine Immersion Technologies, and Strategy co-founder Michael Saylor, gathered in Washington to push forward legislation looking to establish the U.S. strategic bitcoin reserve. And Mike Johnson, EY Americas digital assets solution lead, breaks down a new report focused on stablecoins. Source link
