OpenAI CEO Sam Altman (L) shakes hands with Microsoft Chief Technology Officer and Executive VP of Artificial Intelligence Kevin Scott during the Microsoft Build conference at the Seattle Convention Center Summit Building in Seattle, Washington, U.S., on May 21, 2024. Jason Redmond | Afp | Getty Images Investors can’t get enough of artificial intelligence, despite worries over the sector’s excessively high valuations.The S&P 500, Dow Jones Industrial Average and Nasdaq Composite rose Tuesday stateside, with all three notching new intraday highs. The major averages were juiced by gains in tech. Nvidia popped nearly 5%, while Microsoft climbed roughly 2%.Both Apple…
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This article was paid for by SBG FundingYou’re prepping your business for the holiday season, but there’s one big problem: You’re short on inventory.It’s a catch-22: You need to make sales to pay for additional stock, but you need more stock to make any sales.Fortunately, this is a dilemma with several solutions.SBG FundingTypes of loansSmall business term loans, business lines of credit, equipment financing, invoice financing, SBA 7(a), HELOCBetter Business Bureau ratingLoan amountsTermsMinimum credit score neededMinimum requirementsTo qualify for funding, you must have a minimum of 6 months in business, a FICO score exceeding 600 and annual revenue of at least…
This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here.The dispatchThe U.K. economy, along with many continental European peers, faces well-established challenges. These include a high debt-to-GDP ratio, a high deficit-to-GDP ratio and an ageing population making increasing demands on the state, just as growth is stagnating.Yet all is not lost, and an event last Thursday highlighted how some regions are still expanding strongly and, crucially, attracting inward investment in the kind of activities that will help Britain earn a living in the world for decades to come.More than 500 CEOs, founders, investors…
The U.S. Federal Reserve is widely expected to cut interest rates when it meets on Wednesday with little to no room for a surprise. Any remaining excitement is centered on what the central bank will signal regarding its balance sheet and the path forward. Short-term interest rates have been particularly volatile in recent weeks, with the U.S. repo market signaling potential liquidity distress as it trades within a few basis points of the Fed’s upper limit, and in fact was above the top of the range Monday. The repo market is considered the plumbing of the U.S. financial system as…
A general view of JLR signage at the Jaguar Land Rover vehicle manufacturing plant in Castle Bromwich on September 30, 2025 in Birmingham, United Kingdom.Christopher Furlong | Getty Images News | Getty ImagesA major cyberattack on Jaguar Land Rover, considered the most expensive security breach in British history, has prompted experts to question whether the U.K. is equipped to handle a rapidly growing cyber threat.The Cyber Monitoring Centre, a cybersecurity body, recently estimated the hack of Britain’s biggest automaker to have cost the U.K. a whopping £1.9 billion ($2.5 billion), a figure that represents the substantial disruption caused to JLR’s…
The UBS Group AG headquarters in Zurich, Switzerland, on Wednesday, July 30, 2025.Bloomberg | Bloomberg | Getty ImagesSwiss banking giant UBS on Wednesday reported stronger-than-expected third-quarter net profit, citing significant momentum in its core businesses.Net profit attributable to shareholders came in at $2.5 billion for the three-month period, up 74% from $1.43 billion in the same period of last year. Analysts had expected third-quarter net profit of $1.85 billion, according to an LSEG-compiled consensus.Switzerland’s largest bank said its net profit included net litigation reserve releases of $668 million, primarily due to the resolution of legal matters related to Credit Suisse’s…
China’s state-owned COFCO bought three U.S. soybean cargoes this week, two trade sources said. Bloomberg | Bloomberg | Getty ImagesChina’s state-owned COFCO bought three U.S. soybean cargoes this week, two trade sources said, the country’s first purchases from this year’s U.S. harvest ahead of this week’s summit of leaders Donald Trump and Xi Jinping.COFCO purchased about 180,000 metric tons of soybeans for December and January shipment through Pacific Northwest port terminals, the sources said.COFCO did not immediately respond to a Reuters request for comment.Benchmark Chicago soybean futures prices jumped this week to their highest in 15 months, rebounding from recent five-year lows on hopes for a U.S.-China trade deal.China, the world’s biggest soy importer, shunned soybeans from the autumn U.S. harvest,…
Eli Lilly and Nvidia are partnering to build what they call the pharmaceutical industry’s “most powerful” supercomputer and so-called AI factory to help accelerate drug discovery and development across the sector, the companies announced Tuesday. It’s the latest stride by Nvidia and the pharmaceutical industry to harness AI to help shorten the time it takes to bring cures to patients, while reducing costs at every stage of drug discovery and development. The process typically takes about 10 years on average from dosing the first human with a drug to its launch on the market, said Diogo Rau, Eli Lilly’s chief information…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, BlackRock-linked Securitize, a “real world assets” platform, is going public through a merger with a special purpose acquisition company. Plus, Circle CEO Jeremy Allaire discusses the launch of a new blockchain network called Arc. And, Michael Saylor, executive chairman of Strategy, discusses the crypto treasury trend from Money20/20 in Las Vegas.10:55Tue, Oct 28 20253:44 PM EDT Source link
U.S. President Donald Trump speaks to journalists in Japan aboard Air Force One en route to South Korea on October 29, 2025.Andrew Harnik | Getty Images News | Getty ImagesU.S. President Donald Trump plans to discuss Nvidia’s advanced AI chips with Chinese President Xi Jinping during their widely expected meeting on Thursday, he told a media scrum Wednesday. While taking questions regarding his high-stakes meeting with Xi, Trump signaled that Nvidia’s Blackwell AI processors could be discussed. “We’ll be speaking about Blackwell, it’s the super duper chip,” he said. Nvidia’s “super duper chip” appeared to refer to the GB200 Grace Blackwell Superchip…
