A China Resources property under construction in Nanjing, Jiangsu province, China, Sept 24, 2024. Cfoto | Future Publishing | Getty Images BEIJING — China’s slowing economy needs more than interest rate cuts to boost growth, analysts said. The People’s Bank of China on Tuesday surprised markets by announcing plans to cut a number of rates […]
OpenAI has launched advanced voice mode for audio chats with ChatGPT. Jordan Novet, CNBC ChatGPT is ready for more natural audio chats. OpenAI said Tuesday that its popular chatbot now has an advanced voice feature for people who pay for the premium service. The tool allows for more fluid conversations. The release will continue through […]
A Southwest Airlines Boeing 737 departs Los Angeles International Airport en route to Las Vegas on September 19, 2024 in Los Angeles, California. Kevin Carter | Getty Images Elliott Management said Tuesday it will call a special meeting at Southwest Airlines “as soon as next week,” shortly after the company put forward a sweeping board shake-up […]
A General view showing the Hong Kong Skyline in Hong Kong, Saturday, May 22, 2021. (Photo by Vernon Yuen/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images China stocks led Asia-Pacific markets on Wednesday, buoyed by stimulus measures announced by Beijing a day earlier. Mainland China’s CSI 300 pared gains to close at 3,401.53 […]
The Chinese yuan has weakened sharply against the U.S. dollar in the last several weeks as the greenback strengthens and investors worry about China’s economic growth. Fotoholica Press | Lightrocket | Getty Images China’s yuan hit its strongest level in over 16 months on Wednesday after Beijing unveiled a slate of stimulus measures to shore […]
It’s vital for investors to manage risk right now no matter where interest rates go, according to CME Group CEO Terry Duffy.”Everybody that I’ve talked to over the last year has been dead wrong when it comes to what the Fed was going to do,” Duffy told CNBC’s “Fast Money” on Wednesday. “It’s really hard… […]
Meta Platforms (META) delivered a much better-than-expected second quarter Wednesday, with its robust revenue guidance for the current period further proof the social media giant has made incredible strides monetizing its products even while reining in costs. Revenue for the three months ended June 30 climbed 11% year-over-year, to $32 billion, beating analysts’ forecasts of… […]
People walk past an Amazon Fresh store in Washington, DC, on August 26, 2021.Nicholas Kamm | AFP | Getty ImagesAmazon is cutting some jobs at its Fresh grocery stores, CNBC has confirmed.The company said it’s restructuring the in-store staffing and operations model at its Amazon Fresh stores in the U.S., and as a result is… […]
CNBC’s Jim Cramer said Wednesday that “parsing the Fed’s move is a mug’s game.”After the Federal Reserve raised rates to their highest level in 22 years, Cramer said investors can use market volatility created by the central bank meeting to buy stocks in line with 10 themes from this quarter’s earnings season.related investing news”Why am… […]
A driver rides hands-free in a Tesla Motors Inc. Model S vehicle equipped with Autopilot hardware and software in New York.Christopher Goodney | Bloomberg | Getty ImagesThe California attorney general’s office is investigating Tesla, seeking information from customers and former employees about Autopilot safety issues and false advertising complaints, CNBC has learned.Greg Wester, the owner… […]
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