AI era is a ‘seismic moment’ in tech we’ve not seen in a decade, top Meta exec says
The new artificial intelligence era represents a huge moment for the tech industry that has not been seen in a…
Biden administration unveils proposed changes to big banks’ overdraft fees
WASHINGTON — The Consumer Financial Protection Bureau on Wednesday unveiled long-awaited changes to how the nation’s biggest banks structure overdraft…
UBS CEO says Swiss public ‘indoctrinated’ to worry about bank’s balance sheet
UBS CEO Sergio Ermotti on Wednesday said people with concerns about the size of the bank’s balance sheet are getting…
Russia mocks British efforts to support Ukraine; Blinken warns of ‘real problem’ if Kyiv gets no extra funding
This was CNBC’s live blog tracking developments on the war in Ukraine. The war in Ukraine is dominating conversations at…
UK inflation rate surprises with rise to 4%, led by alcohol and tobacco
LONDON — U.K. inflation unexpectedly nudged upwards to 4% year-on-year in December, fueled by a rise in alcohol and tobacco…
OpenAI CEO Sam Altman opens up about being fired by the board: ‘Super caught off guard’
DAVOS, Switzerland — OpenAI founder and CEO Sam Altman said the night he was pushed out by the board was…
China misses fourth-quarter GDP estimates, resumes posting youth unemployment data
BEIJING — China missed fourth-quarter GDP estimates on Wednesday, while it resumed reporting the unemployment rate for young people. GDP…
China’s economic growth is set to slow in 2024. Here’s what Wall Street is predicting
BEIJING — Major international investment banks expect China’s economy to grow at a slower pace in 2024 than in 2023,…
Federal lawsuit accuses NY Knicks owner James Dolan, media mogul Harvey Weinstein of sexual assault
A woman has alleged that New York Knicks owner James Dolan sexually assaulted her a decade ago and then set…
Haslam family sells Berkshire Hathaway remaining 20% share of Pilot Travel Centers
The Haslam family has sold its remaining 20% ownership interest in truck-stop giant Pilot Travel Centers to Berkshire Hathaway, both…
