Articles from www.cnbc.com

Articles from www.cnbc.com

Dow falls Friday, but is still headed for 7th positive week in a row: Live updates (www.cnbc.com)
2023-12-16

Former Facebook global diversity strategist steals more than $4 million from the social media giant “to fund a lavish lifestyle” in California and Georgia, federal prosecutors said (www.cnbc.com)
2023-12-16 Facebook California

White House puts corporate ‘price gouging' front and center: ‘We see American families hurting' (www.cnbc.com)
2023-12-15 U.S.

European Union leaders agree to open membership talks with Ukraine (www.cnbc.com)
2023-12-15 Europe Ukraine

The US DOJ announces four indictments and two arrests have been made in an alleged international pig butchering crypto scam that cost victims $80M+ (www.cnbc.com)
2023-12-15

GM's Cruise laying off 900 employees, or 24% of its workforce (www.cnbc.com)
2023-12-15

Intel announces Gaudi3, a generative AI chip launching in 2024 to compete with Nvidia's H100 and AMD's forthcoming MI300X, but was light on details (www.cnbc.com)
2023-12-15 Intel AI Nvidia AMD

Jim Cramer dismisses recession fears and names sectors poised to soar after Fed meeting. With inflation easing and the potential for rate cuts next year, Cramer said the economy has managed a soft landing and more sectors are ready to soar. (www.cnbc.com)
2023-12-15 Inflation

Dow jumps more than 100 points to fresh record as investors cheer more strong economic data, falling rate. The Dow Jones Industrial Average kept its rally going Thursday a day after closing above 37,000 for the first time ever. The S&P could soon join the Dow in record territory. (www.cnbc.com)
2023-12-15 S&P Dow Jones

Dow rallies more than 500 points to record, closes above 37,000 for the first time: Live updates (www.cnbc.com)
2023-12-15

Sources: LinkedIn halted an effort, announced in 2019, to relocate its data centers out of its physical facilities and into Azure, a setback for Microsoft (www.cnbc.com)
2023-12-15 Microsoft LinkedIn

Wholesale prices held flat in November, providing another encouraging inflation signal. The producer price index was unchanged for the month, following a 0.4% decrease in October. On a year-over-year basis, headline PPI accelerated just 0.9%, after peaking above 11.5% in March 2022. (www.cnbc.com)
2023-12-14 Inflation PPI

Gas prices have fallen 19% since September, hit lowest point of year ahead of holiday. 12 straight weeks of declines. Gas prices are averaging less than $3 a gallon in more than 20 states right now. Oil prices are falling as record U.S. production collides with a weakening economy in China. (www.cnbc.com)
2023-12-14 China U.S. Oil Gas

Adobe reports Q4 revenue up 12% YoY to $5.05B, vs. $5.03B est., Digital Media revenue up 13% YoY to $3.72B, FY 2024 revenue guidance below est.; ADBE drops 6%+ (www.cnbc.com)
2023-12-14 Adobe 4Q

Former Facebook diversity strategist pleads guilty to stealing more than $4 million from company (www.cnbc.com)
2023-12-14 Facebook

FCC votes to ban termination fees for cable and satellite services (www.cnbc.com)
2023-12-14 Ban

OpenAI and Axel Springer strike unprecedented deal to offer news in ChatGPT (www.cnbc.com)
2023-12-14

Federal Reserve leaves rates unchanged (www.cnbc.com)
2023-12-14

Appeals court rejects Trump presidential immunity challenge to E. Jean Carroll case (www.cnbc.com)
2023-12-14 Trump

Here's where deflation was in November 2023 — in one chart. In the US, deflation is happening across categories like food, energy and household goods, according to CPI data. Largely, deflation is happening on the "goods" side of the economy, or the tangible objects that Americans buy. (www.cnbc.com)
2023-12-14 U.S. Energy CPI

Google announces MedLM, a family of AI models fine-tuned for the medical industries and based on Med-PaLM 2, available to Google Cloud customers in the US (www.cnbc.com)
2023-12-14 Google AI

Why Americans are living paycheck to paycheck? (www.cnbc.com)
2023-12-13 U.S.

Epic Games CEO Tim Sweeney discusses beating Google, attributing the win to a jury trial and Google deleting chats, and says “Apple didn't write anything down” (www.cnbc.com)
2023-12-13 Google Apple

OpenAI's nonprofit arm reports $44,485 in revenue in 2022, even though the company is worth billions, avoiding California's $2M threshold for audited financials (www.cnbc.com)
2023-12-13 California

'Somebody has it wrong' on U.S. recession risks as oil, gold and Treasurys diverge. Markets are confused over the risk of a recession hitting the U.S. Falling oil prices and rising gold prices indicate growing recessionary fears — but 10-year Treasury yields jumped amid hopes of a soft landing. (www.cnbc.com)
2023-12-13 U.S. Oil

Fed to start cutting rates midyear in 2024 with high chance of soft landing, CNBC Fed survey finds. Rate cuts, an increased chance of a soft landing and lower inflation — the outlook for next year is looking up. (www.cnbc.com)
2023-12-13 Inflation

Inflation fears down, consumer optimism up: Economy may start to help Biden with voters. Consumers are feeling better about inflation than they have since April 2021. Despite the squeeze of inflation, online shoppers spent a record $9.8 billion on Black Friday, 7.5% more than last year. (www.cnbc.com)
2023-12-13 Inflation Black Friday

Europeans are open to Ukraine joining the EU ahead of major summit, survey finds (www.cnbc.com)
2023-12-13 Europe Ukraine

Why Fed rate hikes take so long to affect the economy, and why that effect may last a decade or more (www.cnbc.com)
2023-12-13

India overtakes Hong Kong to become the world's seventh largest stock market (www.cnbc.com)
2023-12-12 India Hong Kong

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