A display at the World Artificial Intelligence Conference (WAIC) in Shanghai, China, on Friday, Sept. 2, 2022. Bloomberg | Bloomberg | Getty Images BEIJING — The business story of ChatGPT right now is...
Tag: business news
Wells Fargo lays off mortgage bankers days after rewarding some with California retreat
Palm Spring Deserts, California Lonely Planet Wells Fargo laid off hundreds of mortgage bankers this week as part of a sweeping round of cuts triggered by the bank’s recent strategic shift, CNBC...
Etsy, Bumble, Moderna and more
Workers marry the body structure with the battery pack and the front and rear sub frames as they assemble electric vehicles at the Lucid Motors plant in Casa Grande, Arizona, September 28, 2021. Caitl...
Terran Orbital wins $2.4 billion Rivada satellite contract
The company’s banner above the New York Stock Exchange on March 28, 2022. Terran Orbital Terran Orbital shares surged on Wednesday after the company announced a $2.4 billion contract to build co...
Minutes show Fed members resolved to keep fighting inflation
Federal Reserve officials at their most recent meeting indicated that there are signs inflation is coming down, but not enough to counter the need for more interest rate increases, meeting minutes rel...
Nikola EV trucks’ driver-assist system coming next year
Nikola Motor Company Two truck Source: Nikola Motor Company Nikola will begin offering an advanced driver-assist system on its electric heavy trucks starting late next year, the company said Wednesday...
Rust prosecutor said gun enhancement wrong
An image of cinematographer Halyna Hutchins, who died after being shot by Alec Baldwin on the set of his movie “Rust”, is displayed at a vigil in her honour in Albuquerque, New Mexico, Oct...
SpaceX adjusts Starlink monthly pricing for residential customers
A Starlink user terminal, also known as an antenna or satellite dish, on the roof of a building. SpaceX Elon Musk’s SpaceX rolled out new pricing for residential Starlink customers based on its ...
Stocks moving big midday: PANW, COIN, DKS, AMZN
Coinbase shares are down more than 83% this year Chesnot | Getty Images Check out the companies making headlines in midday trading. Coinbase — Shares of the cryptocurrency exchange fell 5% even after ...
Starbucks CEO Howard Schultz touts new olive oil coffee
Starbucks’ new line of olive oil-infused coffee drinks could disrupt the industry, interim CEO Howard Schultz told CNBC’s Jim Cramer on Tuesday. “This is a transformational moment in...
Auto giant Stellantis posts record annual profit, announces buyback
An engine undergoes assembly at the Stellantis Dundee Engine Complex on August 18, 2022 in Dundee, Michigan. Bill Pugliano | Getty Images Carmaker Stellantis on Wednesday announced record full-year re...
Target bets on e-commerce, invests in delivery hubs
The Target Corporation logo displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Target said Wednesday it will spend $100 million to build a larger network of s...
Adidas, Major League Soccer renew deal
Major League Soccer and sportwear giant Adidas agreed to a multiyear extension of their partnership. The deal, announced days before MLS kicks off its 28th season, goes through 2030 and is valued at $...
Walmart CEO Doug McMillon vows to fight inflation
Doug McMillon, president and CEO of Walmart. Adam Jeffery | CNBC Walmart CEO Doug McMillon wants to help bring inflationary prices down by keeping his company’s own private brands priced low, te...
Bentley to end 12-cylinder engine production in transition to EVs
A staff member checks a Bentayga SUV on the Bentley production line at their factory in Crewe, Britain, December 7, 2022. Phil Noble | Reuters Bentley Motors plans to end production of its 12-cylinde...
Safe to return to East Palestine, Ohio
Norfolk Southern CEO Alan Shaw told CNBC he thinks it’s safe for families to return to East Palestine, Ohio, nearly three weeks after toxic chemicals were released following a train derailment e...
Jed McCaleb’s space station company Vast acquires startup Launcher
The company’s first space tug, called Orbiter SN1, is seen undergoing final launch preparations. Launcher Space station company Vast announced on Tuesday it has acquired fellow startup Launcher ...
Coinbase, Palo Alto Networks, Toll Brothers and more
Brian Armstrong, CEO and Co-Founder, Coinbase, speaks during the Milken Institute Global Conference on May 2, 2022. in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images Check out the c...
Starbucks launches olive oil-infused coffee, plans U.S. debut
Starbucks initial Oleato launch will launch three olive oil-infused drinks in stores across Italy. Source: Starbucks Starbucks has a new way to customize its coffee: olive oil. The coffee giant will l...
Wells Fargo boosts digital connection with rich clients
Pedestrians pass a Wells Fargo bank branch in New York, U.S., on Thursday, Jan. 13, 2022. Victor J. Blue | Bloomberg | Getty Images Wells Fargo is unveiling a new platform to boost digital engagement ...
Inflation drives 2023 wedding costs up even as nuptial boom winds down
The explosive wedding boom seen last year is winding down, but the average cost of nuptials is still going up, according to new data from Zola. Couples will shell out an average of $29,000 this year ...
Fed’s James Bullard pushes for faster rate hikes, sees ‘good shot’ at beating inflation
St. Louis Federal Reserve President James Bullard expressed confidence that the central bank can beat inflation and advocated Wednesday for stepping up the pace in the battle. Bullard told CNBC that a...
Stocks moving big after hours: PANW, COIN, TOL
Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after...
Blumhouse to launch video game division
Ethan Hawke stars in Blumhouse and Universal’s “The Black Phone.” Universal The world of video games is about to get scarier. Blumhouse, the powerhouse horror movie and TV production...
Walmart, Home Depot prepare for consumer slowdown
If you want to know how this year may be for the retail industry, look no further than Walmart‘s cautious outlook. The discounter easily topped expectations for the holiday quarter on Tuesday, b...
Spring break gets pricey as travelers return to old booking habits
Spring break travel demand is picking up, driving up airfare and hotel rates. Travel app Hopper said in a report last week that domestic airfare is averaging $264 a round trip for March and April, up ...
Walmart (WMT) earnings Q4 2023
Customers exit a Walmart store on January 24, 2023 in Miami, Florida. Walmart announced that it is raising its minimum wage for store employees in early March, store employees will make between $14 an...
Home Depot (HD) Q4 earnings 2022
A customer loads plywood to a truck outside a Home Depot store in Galveston, Texas, on Tuesday, Aug. 25, 2020. Scott Dalton | Bloomberg | Getty Images Home Depot’s revenue fell short of Wall Str...
United Airlines helps launch sustainable aviation fuel fund
A United Airlines passenger plane takes off from Frankfurt Airport. The airport, which is operated by fraport, is one of the most important hubs in Europe. Jana Glose | Picture Alliance | Getty Images...
Home Depot to give hourly workers a raise
A customer enters a Home Depot store on August 16, 2022 in San Rafael, California. Justin Sullivan | Getty Images Home Depot on Tuesday said it will spend an additional $1 billion to give its hourly e...
United aims to make it easier for families to sit together for free
A United Airlines plane departs the Newark International Airport, in Newark, New Jersey, on January 11 2023. Kena Betancur | Afp | Getty Images United Airlines said Monday that new technology will ope...