Any positive momentum stocks had on Monday dissipated yesterday, as downbeat economic signs weighed on indexes.Story Published at: May 17, 2023 at 12:52AM
CNBC Daily Open: Consumer demand is flagging
Elon Musk says the Fed will be too slow to lower interest rates again
Musk’s opinion about the Federal Reserve’s monetary policy gives a look into what a major company leader is seeing in the broader economy.Story Published at: May 17, 2023 at 12:05AM
Google zeroed in on these 3 categories of climate companies to boost
For its most recent accelerator program for climate startups, Google picked 12 companies and they were related to A.I., EV infrastructure and data reporting.Story Published at: May 16, 2023 at 09:08PM
Biden will cut international trip short as Washington scrambles to avoid debt default
The White House and Congress have about two weeks to raise or extend the debt ceiling before the U.S. risks its first-ever default.Story Published at: May 16, 2023 at 08:48PM
Black Sea grain deal that reopened key Ukraine ports set to expire this week as Kremlin mulls a potential extension
The Black Sea Grain Initiative, which reopened critical Ukrainian ports during Russia’s war, is set to expire on May 18.Story Published at: May 16, 2023 at 08:29PM
Ex-Apple employee accused of stealing trade secrets is exec at Baidu self-driving car joint venture
Weibao Wang is a senior executive at Jidu, an electric vehicle joint venture between Baidu and Chinese car maker Geely.Story Published at: May 16, 2023 at 07:35PM
Here’s what happened during OpenAI CEO Sam Altman’s first hearing on artificial intelligence
Several lawmakers brought up Section 230 of the Communications Decency Act, the law that has served as the tech industry’s legal liability shield for decades.Story Published at: May 16, 2023 at 07:26PM
Two online trading apps yanked from stores on Chinese mainland as regulators bring pressure
U.S.-traded shares of Futu Holdings and Up Fintech Holdings fell after they said they’ll remove their apps from online stores on the Chinese mainland.Story Published at: May 16, 2023 at 01:42PM
OpenAI CEO woos lawmakers at dinner ahead of first testimony before Congress
Lawmakers had a dinner discussion with OpenAI CEO Sam Altman. It comes at a peak moment for AI, which has thoroughly captured Congress’ fascination.Story Published at: May 16, 2023 at 01:26PM
Western Union rival Zepz lays off 26% of employees as fintech cuts continue
Fintech group Zepz, which owns money transfer brands WorldRemit and Sendwave, is laying off 420 employees, the company told CNBC exclusively.Story Published at: May 16, 2023 at 12:30PM