ILA union longshoremen at East Coast, Gulf Coast ports walk off the job after ownership and labor failed to reach…
Category: News – CNBC
Major CVS shareholder plans activist push, will meet with management, sources say
Glenview Capital is expected to meet with CVS management on Monday to discuss its plans for value creation at the…
Netanyahu says killing of Hezbollah leader Hassan Nasrallah in Israeli airstrike ‘will not be enough’
Nasrallah has led the Lebanon-based group since 1992, taking the reins after Israel assassinated the group's previous leader, Abbas al-Musawi.…
OpenAI sees roughly $5 billion loss this year on $3.7 billion in revenue
CNBC has confirmed that OpenAI expects about $5 billion in losses on $3.7 billion in revenue this year — figures…
EchoStar nears deal to sell Dish to DirecTV with $2 billion debt payment looming, sources say
While EchoStar and DirecTV hope to complete a deal by Monday, no deal is assured, and the talks may still…
The U.S. wants to triple nuclear power by 2050. America’s coal communities could provide a pathway
The U.S. needs to add 200 gigawatts of nuclear power, a senior official at the Department of Energy said. ...
Sam Altman tells OpenAI staff there’s no plan for him to receive ‘giant equity stake’ in company
At an all-hands meeting Thursday, OpenAI CEO Sam Altman denied reports that he received a "giant equity stake" in the…
NYC Mayor Eric Adams indicted on federal charges in campaign finance case
There are multiple federal investigations into New York City Mayor Eric Adams, members of his administration, and people connected to…
OpenAI considering restructuring to for-profit, CTO Mira Murati and two top research execs depart
OpenAI's board is considering plans to restructure the firm to a for-profit business. CTO Mira Murati and two top research…
China likely needs more than rate cuts to boost economic growth
More fiscal support is needed, analysts said, after the PBOC surprised markets by announcing plans to cut a number of…
FTX fraudster Caroline Ellison sentenced to 2 years in prison, ordered to forfeit $11 billion
Caroline Ellison, who headed a hedge fund affiliated with doomed crypto exchange FTX, testified against her former boyfriend Sam Bankman-Fried…
Boeing sweetens labor proposal in ‘best and final’ offer as strike enters second week
The new offer includes higher pay raises, reinstated annual bonuses and an increased ratification bonus, among other changes, Boeing said…