Jakub Porzycki | Nurphoto | Getty ImagesOpenAI and Anthropic, two of the most richly valued artificial intelligence startups, have agreed to let the U.S. AI Safety Institute test their new models before releasing them to the public, following increased concerns in the industry about safety and ethics in AI.The institute, housed within the Department of Commerce at the National Institute of Standards and Technology (NIST), said in a press release that it will get “access to major new models from each company prior to and following their public release.”The group was established after the Biden-Harris administration issued the U.S. government’s…
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Follow live coverage of day five at the 2024 US OpenNEW YORK — There are many things that Iga Swiatek, the world No. 1 and the queen of tennis the past two years, is very good at. Not letting her stress and frustrations spill into her game? She would be the first one to admit that part is a work in progress. Life inside Swiatek’s head these days can feel like skidding across a knife’s edge at high speed. On a day like the first Tuesday of the 2024 U.S. Open, it takes every ounce of will for her to stay upright.…
People cross a street in front the headquarters building of the European Central Bank (ECB) in Frankfurt am Main, western Germany, on June 5, 2024.Kirill Kudryavtsev | Afp | Getty ImagesLONDON — European markets closed higher on Friday, the last trading day of August, as investors considered inflation data from around the world.The pan-European Stoxx 600 notched an intraday record high of 526.66 points during the session, according to LSEG data, before paring gains slightly. The index nonetheless closed above 525 points for the first time, having shaken off the sharp sell-off at the start of August to end the…
Check out the companies making headlines in after-hours trading. Ulta Beauty — The beauty products retailer saw its shares fall nearly 7% after missing top and bottom line expectations in the second quarter . Ulta’s earnings came out at $5.30 per share, while analysts polled by LSEG expected $5.46 per share. Revenue was of $2.55 billion, also falling short of analysts’ forecast of $2.61 billion. The company also trimmed its full-year outlook . MongoDB – Shares of the database company rose nearly 13%. MongoDB issued strong fiscal third-quarter guidance, forecasting adjusted earnings of 65 cents to 68 cents per share…
Dev Ittycheria, CEO, MongoDB.Scott Mlyn | CNBCMongoDB shares jumped as much as 16% in extended trading Thursday after the database software maker reported healthy fiscal second-quarter earnings and pushed up full-year guidance.Here’s how the company did against LSEG consensus:Earnings per share: 70 cents adjusted vs. 49 cents expectedRevenue: $478.1 million vs. $464.1 millionMongoDB’s revenue grew 13% year over year in the quarter that ended July 31, according to a statement. The quarter’s net loss came to $54.5 million, or 74 cents per share, compared with $37.6 million, or 53 cents per share, in the same quarter a year ago.”We believe…
While the S & P 500 is on pace to close out this volatile trading month higher, some individual stocks may still be due for a pullback. On Friday, the final trading day in August, the S & P 500 and the Dow Jones Industrial Average are on pace for monthly gains of roughly 1%. This would mark the fourth consecutive winning month for both indexes – which overcame a sharp global sell-off on Aug. 5. Given this backdrop, CNBC Pro used its stock screener tool to search for Wall Street’s most overbought and oversold names based on their 14-day…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailStuart Keiser, Citi head of equity trading strategy, joins ‘Fast Money’ to talk the state of the markets, the U.S. consumer, the possibility of a recession and more,04:58Tue, Aug 27 20247:02 PM EDT Source link
Inflation edged higher in July, according to a measure favored by the Federal Reserve as the central bank prepares to enact its first interest rate reduction in more than four years.The Commerce Department reported Friday that the personal consumption expenditures price index rose 0.2% on the month and was up 2.5% from the same period a year ago, exactly in line with the Dow Jones consensus estimates.Excluding volatile food and energy prices, core PCE also increased 0.2% for the month but was up 2.6% from a year ago. The 12-month figure was slightly softer than the 2.7% estimate.Fed officials tend…
Danny Werfel, IRS commissioner, speaks after being ceremonially sworn in at the IRS headquarters in Washington on April 4, 2023.Ting Shen | Bloomberg | Getty ImagesThe IRS will deny billions of dollars’ worth of claims for a pandemic-era tax break while working to process lower-risk filings, the agency said on Thursday afternoon.Enacted to support small businesses during the Covid-19 pandemic, the employee retention credit, or ERC, is worth thousands of dollars per eligible employee. However, the agency stopped processing new filings in September amid a surge of “questionable claims,” the IRS said in a news release.The agency added that it…
Democratic presidential nominee Kamala Harris in a new interview Thursday defended her vice presidential record on immigration and blamed her Republican rival Donald Trump for killing a bipartisan bill aimed to address the U.S.-Mexico border.Harris said her work to address the root causes of U.S. migration from the so-called Northern Triangle “has actually resulted in a number of benefits, including historic investments by American businesses in that region.””The number of immigrants coming from that region has actually reduced since we began that work,” she told CNN anchor Dana Bash in her first sit-down interview since becoming the Democratic nominee.Harris said…
