Economy

Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X speaks during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | Reuters If a voter in Michigan performs a search on Google a somewhat shocking ad might pop up. […]

Pavlo Gonchar | Lightrocket | Getty Images Founders of one of the hottest artificial intelligence startups Character.AI are rejoining Google along with other team members. Noam Shazeer and Daniel De Freitas, in addition to certain members of Character.AI’s research team, are joining Google’s AI unit DeepMind, the companies said Friday. Character.AI uses large language models […]

U.S. Treasury yields climbed Tuesday after a key inflation report showed price increases slowing, potentially bolstering the case for the Federal Reserve to skip a rate hike this week.The 10-year Treasury yield added 7 basis points to 3.835%. The 2-year Treasury yield was trading higher by 10 basis points at 4.698%.Yields and prices have an… […]

An animated avatar generated by the AI video platform Synthesia.SynthesiaSynthesia, a digital media platform that lets users create artificial intelligence-generated videos, has raked in $90 million from investors — including U.S. chip giant Nvidia, the company told CNBC exclusively.The London-based company raised the cash in a funding round led by Accel, an early investor in… […]

Kent Walker speaks at a “Grow with Google” launch event in Cleveland.via Google Google and OpenAI, two U.S. leaders in artificial intelligence, have opposing ideas about how the technology should be regulated by the government, a new filing reveals.Google on Monday submitted a comment in response to the National Telecommunications and Information Administration’s request about how… […]

Djordje Krstic | Istock | Getty ImagesNew government data shows the annual rate of inflation dipped to the lowest level in about two years as of May.But that may be bittersweet news for Social Security beneficiaries, as they may receive a much lower cost-of-living adjustment in 2024 than they did this year.The Social Security COLA… […]

U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee (FOMC) at the headquarters of the Federal Reserve on September 21, 2022 in Washington, DC.Drew Angerer | Getty ImagesThe Federal Reserve is expected to pause or skip — depending on whichever term you prefer… […]

An electronic stock board displayed inside the Kabuto One building in Tokyo, Japan, on Thursday, June 27, 2024. Bloomberg | Bloomberg | Getty Images Japan’s benchmark indexes nosedived on Friday, with most Asia-Pacific markets lower after a sell-off on Wall Street overnight on recession worries. The Nikkei 225 tumbled 5.81% to end at 35,909.7, marking […]

Apple CEO Tim Cook opens WWDC 2024 in Cupertino, California, on June 10, 2024. Source: Apple The topic of greatest interest to analysts on Apple’s quarterly earnings call on Thursday was a product that’s not even available to the general public yet. Apple Intelligence, the company’s forthcoming artificial intelligence system, could spur a fresh cycle […]

In an aerial view, the Kayenta Solar Plant is seen on June 23, 2024 in Kayenta, Arizona. Brandon Bell |  Getty Images Shares of Nextracker dropped in extended trading Thursday as questions about the solar technology firm’s backlog of projects overshadowed its better-than-expected quarterly results. […]