#cnbc

@TheBadPlace@mastodon.ozioso.online · 4d ago

Variety | NBC News Aims to Steer Business Coverage Beyond Stocks, Bonds by Brian Steinberg AI generated summary, Read the full article for complete information. NBC News is rolling out a new “Business in America” initiative that moves its business reporting beyond traditional stock‑market coverage, featuring in‑depth interviews with CEOs of major consumer‑impact companies such as Nike, General Motors, Zillow and Barnes & Noble. The series—shaped by audience research showing a demand for clear, non‑partisan explanations of rapid market‑wide changes in technology, retail and health care—will be distributed across “Today,” “NBC Nightly News,” NBC News Now, the network’s subscription app and social platforms. NBCUniversal News Group chairman Cesar Conde highlighted the audience’s appetite for direct insight from corporate leaders, and the effort follows NBC News’ recent split from CNBC’s business unit. Veteran reporter Christine Romans has been named chief business correspondent to anchor a new two‑hour live‑stream program, while the first segment featured Craig Melvin interviewing Nike CEO Elliott Hill, with upcoming episodes slated with Zillow’s Jeremy Wacksman and Barnes & Noble’s James Daunt. Read more: https://variety.com/2026/tv/news/nbc-news-business-beyond-stocks-bonds-cesar-conde-1236743902/ #NBCNews #Nike #GeneralMotors #Zillow #CesarConde #ChristineRomans #JoannaStern #CraigMelvin #ElliottHill #CNBC #JeremyWacksman #JamesDaunt

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The Bad Place

@TheBadPlace@mastodon.ozioso.online · 4d ago

The Guardian | GameStop’s $55.5bn bid for eBay rejected as ‘neither credible nor attractive’ by Joanna Partridge AI generated summary, Read the full article for complete information. eBay’s board has turned down GameStop’s unsolicited $55.5 billion offer to buy the online marketplace, calling the proposal “neither credible nor attractive” and citing uncertainty over how GameStop would finance the deal, its borrowing levels, and the operational risks of merging the two companies. GameStop, which has accumulated a 5 % stake in eBay, proposed a price of $125 per share funded by about $9.4 billion of cash and roughly $20 billion of debt financing, leaving a shortfall of around $16 billion relative to its own market value of roughly $12 billion and eBay’s $46 billion valuation. CEO Ryan Cohen, who has been linked to GameStop since 2020, was unable to explain the financing during a CNBC interview and hinted at a possible hostile bid if the board remains unreceptive. The rejection comes amid GameStop’s recent store closures, its meme‑stock legacy, and eBay’s own strategic moves, including a pending $1.2 billion acquisition of the fashion resale app Depop. Read more: https://www.theguardian.com/business/2026/may/12/gamestop-bid-for-ebay-rejected-as-neither-credible-nor-attractive #GameStop #EBay #PaulPressler #RyanCohen #Amazon #Depop #Etsy #CNBC #business #e_commerce #mergersandacquisitions #retailindustry

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The Bad Place

@TheBadPlace@mastodon.ozioso.online · 4d ago

Sweden Herald - Latest Sweden News | US inflation higher than expected in April by Sweden Herald AI generated summary, Read the full article for complete information. U.S. inflation accelerated to 3.8 percent in April — the highest rate since May 2023 and slightly above analysts’ 3.7 percent forecast — while core inflation (excluding food and energy) edged up to 2.8 percent. The surge was accompanied by a 21 percent jump in airfares, driven by higher jet‑fuel costs after the Iran conflict, and a 0.3 percent year‑on‑year decline in average hourly earnings, a blow to middle‑class and low‑income households, according to Navy Federal Credit Union chief economist Heather Long. In response, U.S. market interest rates rose and Wall Street futures slipped. Read more: https://swedenherald.com/article/us-inflation-higher-than-expected-in-april #HeatherLong #CNBC #WallStreet #businessnews

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The Bad Place

@TheBadPlace@mastodon.ozioso.online · 5d ago

US Top News and Analysis | EBay rejects GameStop's $56 billion takeover bid, calling it 'neither credible nor attractive' AI generated summary, Read the full article for complete information. eBay’s board rejected GameStop CEO Ryan Cohen’s unsolicited $56 billion, $125‑per‑share cash‑and‑stock takeover proposal, calling it “neither credible nor attractive.” eBay cited uncertainty over GameStop’s financing, operational risks and the debt the deal would create, noting that while Cohen said he had secured a $20 billion commitment from TD Securities and $9 billion in cash, a significant funding gap remained. Analysts also questioned the lack of clear synergies between the two companies. Cohen pledged to run eBay more efficiently—cutting headcount, reducing marketing spend, and using GameStop’s 1,600 U.S. stores for order fulfillment and live‑commerce hubs—but eBay reaffirmed confidence in its current management, citing a successful turnaround that has already lifted its shares about 24 % this year. Read more: https://www.cnbc.com/2026/05/12/ebay-rejects-gamestops-takeover-ryan-cohen.html #EBay #GameStop #RyanCohen #PaulPressler #JamieIannone #TDSecurities #CNBC #SquawkBox #

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The Bad Place

@TheBadPlace@mastodon.ozioso.online · 5d ago

US Top News and Analysis | SoftBank has injected $450 million into this British AI chip company AI generated summary, Read the full article for complete information. SoftBank has injected more than $450 million into British AI‑chip maker Graphcore, which it acquired in 2024, to fund the development of artificial general intelligence (AGI) and bolster SoftBank’s broader AI‑infrastructure strategy. According to a Companies House filing, Graphcore issued a single share valued at $457 million on April 10, confirming the financing came directly from SoftBank. The infusion is part of a “portion” of the capital Graphcore expects from SoftBank this year and follows SoftBank’s heavy AI spending, including stakes in OpenAI and involvement in the $500 billion Stargate project. SoftBank aims to expand its AI footprint further, planning a standalone AI and robotics company in the U.S. and exploring a large AI data‑center project in France, while Graphcore is also investing up to £1 billion to open a new AI campus in Bengaluru, India. Read more: https://www.cnbc.com/2026/05/12/softbank-graphcore-ai-chip-investment.html #SoftBank #Graphcore #CNBC #CompaniesHouse #OpenAI #Oracle #Nvidia #Stargate #Bengaluru #

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The Bad Place

@TheBadPlace@mastodon.ozioso.online · 5d ago

US Top News and Analysis | OpenAI revenue chief Dresser says enterprise AI adoption is 'at a tipping point' AI generated summary, Read the full article for complete information. OpenAI’s chief revenue officer, Denise Dresser, told CNBC that enterprise artificial‑intelligence adoption has reached a “tipping point,” prompting the launch of the OpenAI Deployment Company—a new venture designed to accelerate AI onboarding for businesses. The unit, announced alongside OpenAI’s acquisition of applied‑AI consulting firm Tomoro, brings roughly 150 engineers who will embed frontier AI models into clients’ workflows, working directly with users to integrate AI into back‑office applications and other processes. Backed by a partnership with 19 investment and consultancy firms—including Bain, Goldman Sachs and SoftBank—and majority‑owned by OpenAI, the Deployment Company aims to deliver AI solutions at speed and scale. Dresser’s comments come as rivals Anthropic and Google intensify competition for enterprise customers, with Anthropic recently forming its own $1.5 billion AI‑adoption fund alongside Goldman Sachs and Blackstone. Prior to joining OpenAI in December, Dresser served as CEO of Slack. Read more: https://www.cnbc.com/2026/05/11/open-ai-dresser-enterprise-business.html #OpenAI #DeniseDresser #CNBC #Bain #GoldmanSachs #SoftBank #Tomoro #Anthropic #Blackstone #Google #

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The Bad Place

@TheBadPlace@mastodon.ozioso.online · 5d ago

US Top News and Analysis | Hassett says AI isn't costing anybody their job right now — but tech layoffs keep coming AI generated summary, Read the full article for complete information. National Economic Council Director Kevin Hassett told CNBC’s “Squawk Box” that, despite a wave of tech layoffs at companies such as Amazon, Meta, Oracle and Block, there is “no sign in the data” that artificial‑intelligence technology is currently costing anyone their job; he emphasized that the administration is studying AI’s future impact on the workforce and has set up a task force to assess it, while firms cite AI‑driven automation and the move to smaller, highly skilled teams as reasons for recent staffing reductions. Read more: https://www.cnbc.com/2026/05/11/trump-white-house-hassett-ai-jobs.html #KevinHassett #EconomicCouncil #CNBC #SquawkBox #WhiteHouse #Amazon #Meta #Oracle #Block #Square #

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The Bad Place

@TheBadPlace@mastodon.ozioso.online · May 02, 2026

US Top News and Analysis | Watch CNBC's full interview with Berkshire Hathaway Chair Warren Buffett AI generated summary, Read the full article for complete information. CNBC’s Becky Quick sat down with Berkshire Hathaway Chair Warren Buffett at the company’s 2026 annual shareholder meeting, delivering a comprehensive interview that covered the firm’s performance, the impact of the Middle‑East conflict on Berkshire subsidiaries, Buffett’s perspective on emerging issues such as deepfakes and artificial intelligence, and his overarching message to shareholders emphasizing the Golden Rule. Read more: https://www.cnbc.com/video/2026/05/02/watch-cnbcs-full-interview-with-berkshire-hathaway-chair-warren-buffett.html #WarrenBuffett #BeckyQuick #GregAbel #CNBC #BerkshireHathaway #

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The Bad Place

@TheBadPlace@mastodon.ozioso.online · Apr 29, 2026

US Top News and Analysis | Mortgage rates are rising again, but homebuyers are trickling back AI generated summary, Read the full article for complete information. Mortgage rates rose again last week, pushing the average contract interest rate for 30‑year fixed‑rate mortgages with conforming loan balances to 6.37% (up from 6.35%) while keeping points steady at 0.61 for loans with a 20% down payment. Total mortgage applications fell 1.6% week‑over‑week, but purchase‑loan applications increased 1% and were 21% higher than a year ago, indicating homebuyers are returning to the market as inventory improves. Refinance demand, highly sensitive to rate changes, dropped 4% for the week but remains 51% higher than the same week last year. Economists note that despite geopolitical uncertainties, buyers are moving forward this spring, and markets are awaiting Federal Reserve Chair Jerome Powell’s upcoming remarks, which could further influence mortgage rates. Read more: https://www.cnbc.com/2026/04/29/mortgage-rates-are-rising-again-but-homebuyers-are-trickling-back.html #MikeFratantoni #MortgageBankers #FederalReserve #CNBC #PropertyPlay #

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The Bad Place

@TheBadPlace@mastodon.ozioso.online · Apr 29, 2026

US Top News and Analysis | UBS profits rocket 80% to $3 billion for first quarter beat AI generated summary, Read the full article for complete information. Swiss bank UBS reported a first‑quarter profit of $3 billion—an 80% year‑over‑year increase that topped analyst forecasts—while its common‑equity tier 1 capital ratio rose to 14.7%. The firm said it will accelerate its share‑buyback programme, having repurchased $900 million so far and targeting $3 billion by year‑end, lifting the stock more than 5% in early trade. CEO Sergio Ermotti highlighted “very strong” results, citing double‑digit profitability growth across its equity capital‑markets and alternative‑assets units, a 54% jump in pre‑tax earnings to $3.9 billion, and net new assets of $37 billion in global wealth management and $14 billion in asset management. He warned that net interest income in wealth management and corporate banking will be broadly flat in the second quarter, though the bank sees no major dislocation in private credit. The earnings come as Swiss regulators consider extra capital requirements to prevent another Credit Suisse‑type crisis. Read more: https://www.cnbc.com/2026/04/29/ubs-swiss-bank-first-quarter-earnings-profit-switzerland-trading.html #UBS #SergioErmotti #CNBC #CreditSuisse #Switzerland

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The Bad Place

@TheBadPlace@mastodon.ozioso.online · Apr 28, 2026

US Top News and Analysis | A good investing lesson on parabolic stock moves in Tuesday's market downswing AI generated summary, Read the full article for complete information. In Tuesday’s market downturn, CNBC’s Investing Club highlighted how the recent pull‑back from record highs was driven by a Wall Street Journal story that OpenAI missed its revenue and user‑growth targets, sparking fears that the AI firm might lack funds for its compute commitments—a concern the company quickly refuted, noting it has raised over $122 billion recently and is reallocating resources like shutting down its Sora text‑to‑video app; with a global compute shortage and strong earnings expected from Amazon, Alphabet, Microsoft and Meta, sentiment could rebound, but the rapid sell‑off of stocks that surged on AI hype serves as a cautionary lesson that parabolic moves merit taking profits rather than chasing, while investors also await earnings reports from firms such as Starbucks, Robinhood, Visa and others, and watch for Jerome Powell’s final FOMC press conference later in the day. Read more: https://www.cnbc.com/2026/04/28/a-good-investing-lesson-on-parabolic-stock-moves-in-tuesdays-downswing.html #OpenAI #SarahFriar #SamAltman #JimCramer #CNBC #JeromePowell

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The Bad Place

@TheBadPlace@mastodon.ozioso.online · Apr 28, 2026

US Top News and Analysis | Jim Cramer's advice on navigating the pullback in parabolic stocks AI generated summary, Read the full article for complete information. In the CNBC Investing Club’s “Morning Meeting” recap for Tuesday, April 28 2026, Jim Cramer warned that the S&P 500’s dip from its record high—spurred by a Wall Street Journal story on OpenAI’s performance—highlights the risk of holding “parabolic” AI‑related stocks without taking profits, citing recent trims in Broadcom and Qnity Electronics and urging investors to lock in gains before a pullback. He noted that Arm Holdings, down another 8.5% after a 41% rally, may present a buying opportunity at lower levels if investors start with a modest stake. Cramer also discussed Starbucks, suggesting a quarter‑position trim amid margin concerns and a softer discretionary‑spending backdrop, and rounded out the session with rapid‑fire coverage of Coca‑Cola, United Parcel Service, General Motors and Kimberly‑Clark. Subscribers to the Investing Club receive trade alerts that precede any actions taken in Cramer’s charitable trust. Read more: https://www.cnbc.com/2026/04/28/jim-cramers-advice-on-navigating-the-pullback-in-parabolic-stocks-.html #JimCramer #CNBC #OpenAI #Broadcom #ArmHoldings

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The Bad Place

@TheBadPlace@mastodon.ozioso.online · Apr 28, 2026

US Top News and Analysis | Ryanair’s O’Leary warns European airlines could fail if jet fuel price doesn't fall AI generated summary, Read the full article for complete information. Ryanair chief Michael O’Leary warned that many European airlines could face “real financial difficulties” or even fail if jet‑fuel prices remain elevated through the summer. Speaking to CNBC at the Norges Bank Investment Management Conference in Oslo, he noted that Ryanair has hedged about 80 % of its fuel, insulating the carrier from the recent surge in Jet A‑1 prices—from roughly $80 a barrel in March to about $150 now after the Strait of Hormuz blockade. O’Leary said that if prices stay at this level into July, August and September, competitors lacking similar hedging will struggle, while Ryanair would benefit. He added that the airline can guarantee no price increases or fuel‑related surcharges for customers despite ongoing supply concerns. Read more: https://www.cnbc.com/2026/04/28/ryanair-ceo-oil-europe-airlines-fail-jet-fuel.html #MichaelOLeary #Ryanair #CNBC #MichaelOLeary

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Airplanista 🇺🇦

@Av8rdan@squawk.mytransponder.com · Apr 03, 2026

#CNBC has a good explainer about the actual price of a barrel of #oil and that futures prices are dead wrong: "Brent oil spot price for actual cargo soars to $141, highest level since 2008 financial crisis. The spot price reflects the demand for Brent oil that will be delivered in the next 10 to 30 days. The high price for more immediate oil deliveries points to the tightness of physical supply right now due to the huge disruption trigged by the U.S. war against Iran. https://www.cnbc.com/2026/04/02/dated-brent-oil-price-actual-cargo-highest-level-2008.html

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RememberUsAlways

@RememberUsAlways@newsie.social · Feb 24, 2026

#CNBC is full of prostitutes screaming this morning. They say "we've gone from market euphoria to market Armageddon." But US stocks are off to the worst start since before 1995. I smell the bordello burning. #Squawkbox #JoeKernen !

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