Tesla will lay off more than 10% of global workforce: Read the Elon Musk memo

cnbc قبل 14 ساعة و 40 دقيقة

tesla will lay off more than 10 of its global workforce read the memo to employees from ceo elon musk

Goldman Sachs tops first-quarter estimates fueled by trading, investment banking

cnbc قبل 16 ساعة و 4 دقيقة

goldman sachs ceo david solomon has taken his lumps in the past year but a turnaround appears to be underway fueled by a rebound in wall street activities

Apple iPhone first-quarter shipments sink as Chinese challengers rise; Samsung regains top spot

cnbc قبل 23 ساعة و 3 دقيقة

among the top five smartphone brands in the report apple recorded the sharpest decline year on year

U.S. oil prices approach $86 as market waits for Israel response to Iran’s drone and missile attack

cnbc 2024-4-15

iran launched more than 300 drones and missiles against military targets in israel in an attack that president joe biden described as unprecedented

Iran has launched drone attacks at Israel, U.S. officials say

cnbc 2024-4-14

president biden said friday that he expected iran might attack israel soon

Surging inflation fears sent markets tumbling and Fed officials scrambling

cnbc 2024-4-13

the early data is in for the path of inflation during the first three months of 2024 and the news so far is not good

U.S. crude oil gains as Israel reportedly prepares for attack by Iran this weekend

cnbc 2024-4-13

israel is preparing for a direct attack by iran on southern or northern israel as soon as friday or saturday the wall street journal reported

Health records giant Epic cracks down on startup for unauthorized sharing of patient data

cnbc 2024-4-13

epic systems the electronic health records giant cut off its data supply to particle health claiming the startup was using information in unauthorized ways

JPMorgan Chase tops expectations on trading results, lower-than-expected credit costs

cnbc 2024-4-12

jpmorgan chase will be watched closely for clues on how banks fared at the start of the year

Why car insurance costs are skyrocketing and leading to higher inflation

cnbc 2024-4-12

on a monthly basis car insurance prices as part of the consumer price index cpi rose by an unadjusted 2 7 pushing the year over year increase to 22 2

Wholesale prices rose 0.2% in March, less than expected

cnbc 2024-4-11

the producer price index was expected to increase 0 3 in march according to the dow jones consensus estimate

Here’s the inflation breakdown for March 2024 — in one chart

cnbc 2024-4-10

the consumer price index rose 3 5 in the past year housing and gasoline prices kept inflation elevated in march

Consumer prices rose 3.5% from a year ago in March, more than expected

cnbc 2024-4-10

the consumer price index in march was expected to increase 3 4 from a year ago according to the dow jones consensus estimate

Nvidia enters correction territory as stock falls 10% from all-time highs

cnbc 2024-4-10

chipmaking giant nvidia has seen shares fall 10 from all time highs placing the stock in correction territory

A crucial report Wednesday is expected to show little progress against inflation

cnbc 2024-4-9

the march consumer price index is expected to register increases of 0 3 both for the all items measure as well as core

Intel unveils latest AI chip as Nvidia competition heats up

cnbc 2024-4-9

intel is looking to take market share from current leader nvidia which has an estimated 80 of the ai chip market

Dali container removal will take weeks, a key to Port of Baltimore reopening

cnbc 2024-4-9

container removal from the ship that crashed into the collapsed key bridge is underway but will take weeks a key process for reopening the port of baltimore

Jamie Dimon says AI may be as impactful on humanity as printing press, electricity and computers

cnbc 2024-4-8

in his letter to shareholders released monday jpmorgan chase ceo jamie dimon chose ai as the first topic among issues facing the biggest u s bank by assets

Yellen says U.S. plans to ‘underscore’ need for China to shift policy

cnbc 2024-4-8

u s treasury secretary janet yellen wrapped up the fourth and final full day of her trip to china on monday

Big oil is racing to scale up carbon capture to slash emissions but the challenges are immense

cnbc 2024-4-6

the oil industry is betting carbon capture will serve heavy industries like cement and steelmaking that now have few good options to slash greenhouse gases

Job growth zoomed in March as payrolls jumped by 303,000 and unemployment dropped to 3.8%

cnbc 2024-4-5

nonfarm payrolls were expected to increase by 200 000 in march and the unemployment rate was forecast to decrease to 3 8

Gold has broken through the $2,300 level, and one market veteren has a bullish call looking ahead

cnbc 2024-4-5

juerg kiener chief investment officer at swiss asia capital says his forward curve for gold looks fantastic

Yellen kicks off China meetings with overcapacity concerns, encouraging market-oriented reforms

cnbc 2024-4-5

u s treasury secretary janet yellen arrived in the southern chinese city of guangzhou late on thursday and is set to travel to beijing on saturday

Ford to delay all-electric SUV to focus on offering hybrid vehicles across its lineup by 2030

cnbc 2024-4-4

the detroit automaker said it will continue to invest in evs including the three row suv but it is postponing its production to allow the market to mature

Disney wins proxy fight with Nelson Peltz’s Trian Partners, as shareholders reelect full board

cnbc 2024-4-3

trian capital has waged a proxy fight against disney to land two board seats disney shareholders rejected the effort

Private payrolls increased by 184,000 in March, better than expected, ADP says

cnbc 2024-4-3

private sector job growth expanded in march at its fastest pace since july 2023 adp reported wednesday

Intel shares fall after company reveals $7 billion operating loss in foundry business

cnbc 2024-4-3

intel said that its foundry business recorded an operating loss of 7 billion in 2023 on sales of 18 9 billion

Tesla shares drop 7% on first-quarter vehicle delivery and production report

cnbc 2024-4-2

tesla just reported first quarter vehicle production and deliveries for 2024

Why streamers are shrinking their content libraries

cnbc 2024-4-2

data from fandom suggests where the major streaming platforms are best poised to specialize based on current viewership

Rubrik files to go public as tech companies see thawing of IPO market

cnbc 2024-4-2

rubrik filed to go public on the new york stock exchange becoming the latest tech company to test investor appetite for new offerings

Trump Media plunges more than 25% after company reports net loss of $58 million in 2023

cnbc 2024-4-1

trump media whose majority shareholder is former president donald trump expects to incur operating losses for the foreseeable future the filing says

Gold prices hit another record high on Fed cut expectations

cnbc 2024-4-1

gold prices extended its rally to notch another record high on monday propelled by u s interest rate cut expectations and its appeal as a safe haven asset

Key Fed inflation gauge rose 2.8% annually in February, as expected

cnbc 2024-3-29

the core personal consumption expenditures price index was expected to increase 0 3 in february

FTX founder Sam Bankman-Fried sentenced to 25 years for crypto fraud

cnbc 2024-3-28

ftx founder sam bankman fried was convicted of fraud involving his cryptocurrency exchange and a related hedge fund prosecutors want him locked up for decades

Home Depot is acquiring specialty distributor SRS for $18.25 billion in huge bet on growing pro sales

cnbc 2024-3-28

home depot is making the largest acquisition in its history as its sales growth stagnates

Amazon spends $2.75 billion on AI startup Anthropic in its largest venture investment yet

cnbc 2024-3-27

amazon is spending billions more to back an artificial intelligence startup as it looks for an edge in this new technology arms race

Major bridge in Baltimore collapses after being struck by ship

cnbc 2024-3-26

the francis scott key bridge partially collapsed at 1 35 a m local time on tuesday a baltimore city police spokesperson said

Truth Social owner Trump Media will begin trading under DJT ticker Tuesday

cnbc 2024-3-25

donald trump the presumptive republican presidential nominee owns stock shares valued at 3 billion or more in the newly merged social media firm

Boeing CEO Dave Calhoun to step down; board chair and commercial airplane head replaced in wake of 737 Max crisis

cnbc 2024-3-25

boeing ceo dave calhoun will step down at the end of 2024 in part of a broad management shakeup for the embattled aerospace giant

Biden signs $1.2 trillion spending package for government funding until October

cnbc 2024-3-25

the senate passed the budget in a 74 24 vote at roughly 2 a m saturday morning

China faces ‘fork in the road,’ IMF chief says, urging Beijing to embark on pro-market reforms

cnbc 2024-3-25

china s economy can grow far faster if it adopts a comprehensive package of pro market reforms according to imf managing director kristalina georgieva

Anthropic is lining up a new slate of investors, but the AI startup has ruled out Saudi Arabia

cnbc 2024-3-23

sovereign wealth funds and other investors are jostling to buy into an anthropic stake but the company has ruled out taking any saudi money

DWAC stock tumbles more than 12% after Trump social media merger approved by shareholders

cnbc 2024-3-22

donald trump stands to reap a windfall of 3 billion or more after digital world acquisition corp shareholders voted to merger with his social media company

Why a small China-made EV has global auto execs and politicians on edge

cnbc 2024-3-22

the china built byd seagull a compact all electric hatchback starts at just 69 800 yuan or less than 10 000

Reddit pops 48% in NYSE debut after selling shares at top of range

cnbc 2024-3-21

reddit entered the public market on thursday betting that a wider swath of investors will buy into the 19 year old social media company

DOJ sues Apple over iPhone monopoly in landmark antitrust case

cnbc 2024-3-21

apple and its iphone and app store business have been eyed by the department of justice which previously filed antitrust suits against google

Reddit prices IPO at $34 per share in first major social media offering since 2019

cnbc 2024-3-21

reddit priced its ipo on wednesday at 34 a share valuing the social media company at about 6 5 billion

Samsung soars more than 5% after report of Nvidia considering its next-gen chips

cnbc 2024-3-20

shares of south korean heavyweight samsung electronics soared more than 5

Nvidia stock up after company unveils latest AI chips

cnbc 2024-3-19

nvidia shares rose about 1 tuesday afternoon after the company unveiled its new generation of artificial intelligence chips called blackwell