Economy

Sam Altman, chief executive officer of OpenAI, during an event in Seoul, South Korea, on Friday, June 9, 2023. SeongJoon Cho | Bloomberg | Getty Images OpenAI is allowing employees to sell roughly $1.5 billion worth of shares in a new tender offer to SoftBank, CNBC has learned. The new financing will allow the Japanese […]

Signage atop the Adani Group headquarters in Ahmedabad, India, on Wednesday, Feb. 1, 2023. Bonds of the Indian billionaires flagship firm plunged to distressed levels in US trading, and the company abruptly pulled a record domestic stock offering. Bloomberg | Bloomberg | Getty Images Adani Group is staring at trouble on several fronts as investors […]

Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. Aly Song | Reuters BEIJING — President-elect Donald Trump plans to raise tariffs by an additional 10% on all Chinese goods coming into the U.S., according to a post on his […]

Justin Sun, founder of blockchain platform Tron, poses for a photograph in Hong Kong, China, on Friday, May 8, 2020. Calvin Sit | Bloomberg | Getty Images Tron blockchain founder Justin Sun has invested $30 million into Donald Trump’scrypto project, World Liberty Financial, he announced Monday. “We are thrilled to invest $30 million in World […]

Gold prices held above the $2,100 level on Wednesday, near a record peak hit in the previous session as hopes for U.S. rates easing by mid-year mount, while traders awaited remarks on the economy’s health from Federal Reserve Chair Jerome Powell. Uli Deck | Picture Alliance | Getty Images Gold prices lost about 3% after […]

Walmart Supercenter in Burbank onThursday, Nov. 21, 2024. Allen J. Cockroaches | Los Angeles Times | Getty Images Walmart on Monday confirmed that it’s ending some of its diversity initiatives, removing some LGBTQ-related merchandise from its website and winding down a nonprofit that funded programs for minorities. The nation’s largest employer, which has about 1.6 […]

A man walks past the People’s Bank of China (PBOC) building on July 20, 2023 in Beijing, China. (Photo by Jiang Qiming/China News Service/VCG via Getty Images China News Service | China News Service | Getty Images China on Monday kept its medium-term lending rate steady, as the country’s central bank seeks to stabilize the […]

Six travelers have died from suspected methanol poisoning after visiting the tourist town of Vang Vieng, Laos, this month. The travelers — two from Australia, two from Denmark, one from United Kingdom and one from United States — are believed to have consumed alcohol tainted with methanol, which is sometimes illegally added to regular or […]

Published Sun, Nov 24 2024 8:26 PM EST Updated Sun, Nov 24 2024 9:06 PM EST […]

The billionaire Virgin founder Sir Richard Branson said younger generations should feel positive about the future — and that they can “achieve an enormous amount.” “Any of us who get ourselves into a position where we can make a difference, however small it is, just shouldn’t waste that position,” he said, speaking to CNBC’s Tania […]