Economy

Openai on Thursday announced GPT-5, its latest and most advanced large-scale artificial intelligence model. The company is making GPT-5 available to everyone, including its free users. OpenAI said the model is smarter, faster and “a lot more useful,” particularly across domains like writing, coding and health care. “I tried going back to GPT-4, and it […]

Lan Fo’an, China’s finance minister, center, speaks as Zheng Shanjie, chairman of the National Development and Reform Commission (NDRC), left, and Pan Gongsheng, governor of the People’s Bank of China (PBOC), listen during a news conference on the sidelines of the National People’s Congress in Beijing, China, on Wednesday, March 6, 2024. Bloomberg | Bloomberg […]

Boeing 737 MAX airliners are pictured at the company’s factory in Renton, Washington, on Sept. 12, 2024. Stephen Brashear | AP Boeing will cut 10% of its workforce, or about 17,000 people, as the company’s losses mount and a machinist strike that has idled its aircraft factories enters its fifth week. It will also push […]

As earnings season takes off, CNBC’s Jim Cramer on Friday advised investors about what to follow next week on Wall Street. He pinpointed reports from several major banks, along with Netflix and Taiwan Semiconductor . “We’re at the beginning of one of the year’s four reporting periods,” he said. “They’re jumbled. They’re open to a […]

After Wall Street balked at Tesla ‘s highly-anticipated robotaxi unveiling, CNBC’s Jim Cramer told investors not to make any moves on the stock. While he said he wouldn’t recommend buying Tesla after Thursday night’s event floppedCramer discouraged shorting the stock, saying it’s “dangerous to bet against” CEO Elon Musk. “Even though Tesla’s robotaxi event was […]

Jeff Greenberg | Universal Images Group | Getty Images Inflation has eased gradually across the broad U.S. economy, and some areas of consumer spending, such as furniture and gasoline, have even deflated over the past year. Deflation is when prices decline for goods and services. It is rare for prices to fall from their current […]

High-rise buildings are seen near Victoria Harbour in Hong Kong, China, July 24, 2023. (Photo by Costfoto/NurPhoto via Getty Images)Costfoto | Nurphoto | Getty ImagesAsia is promoting crypto clarity amid regulatory uncertainty in the U.S., and this could make the region more attractive to investors, according to industry observers.”Cryptocurrency regulations in Asia have moved along… […]

Walmart on Thursday raised its full-year forecast, as the discounter leaned on its low-price reputation to draw grocery customers and drive online spending.The big-box retailer beat Wall Street’s expectations for sales and profits. E-commerce sales for Walmart U.S. also jumped 24%.Walmart said it now expects full fiscal-year consolidated net sales to increase by about 4%… […]

Containers in a shipping terminal at the Honmoku pier in Yokohama, Japan, on Monday, June 19, 2023.Bloomberg | Bloomberg | Getty ImagesJapan posted its first monthly decline in exports in more than 2 years, as weaker demand in its biggest trading partners in China and the rest of Asia dimmed prospects for growth in the… […]

BANGKOK, THAILAND – 2023/05/18: VinFast displays its vehicles at Future Energy Asia Exhibition 2023 at Queen Sirikit National Convention Center.Nathalie Jamois | Lightrocket | Getty ImagesVinFast’s shares jumped after its U.S. trading debut, vaulting its total market value past some of the world’s largest automakers such as Ford, GM, BMW and Volkswagen.On Tuesday, the Vietnamese… […]