A Cruise autonomous taxi in San Francisco, California, US, on Thursday Aug. 10, 2023. David Paul Morris | Bloomberg | Getty Images DETROIT — For years, General Motors CEO and Chair Mary Barra has promised a new future for the company, away from a stodgy metal-bending automaker into a tech-driven, forward-thinking company poised for growth….
A drone or SUAV, Small Unmanned Aerial Vehicle. Richard Newstead | Moment | Getty Images The FBI and Department of Homeland Security said on Saturday that ongoing investigations around reported drone sightings over New Jersey have found “many of the reported drone sightings are, in fact, manned aircraft being misidentified as drones.” The investigations have also found no evidence that…
When Donald Trump clinched a decisive victory in the 2024 presidential election last month, Stanley Black & Decker executives knew they had a problem on their hands. In fact, as soon as the results were known, the tool company began having conversations with key channel partners on what to do next, CFO Patrick Hallinan said…
Jaque Silva | Nurphoto | Getty Images A 26-year-old former OpenAI researcher, Suchir Balaji, was found dead in his San Francisco apartment in recent weeks, CNBC has confirmed. Balaji left OpenAI earlier this year and raised concerns publicly that the company had allegedly violated U.S. copyright law while developing its popular ChatGPT chatbot. “The manner…
Wall Street strategists were far off with their 2024 market outlook. What happened? This year, Wall Street extended its AI-powered bull market into a second year, far surpassing the year-end forecasts made by top strategists. In fact, all of them turned out to be very wrong. Original 2024 outlooks for the S&P 500 ranged from a low…
A line of trucks parked outside a shipping terminal in Yokohama, Japan, on Monday, Dec. 4, 2023. Bloomberg | Bloomberg | Getty Images China stocks led losses in Asia Friday after Beijing affirmed its recent policy shifts and stressed on plans to boost growth following a high-profile meeting Thursday. Hong Kong’s Hang Seng index fell…
Cases of Jim Beam brand bourbon sit stacked in the warehouse at Southern Glazer’s Wine and Spirits LLC distribution center in Louisville, Kentucky, on Sept. 28, 2018. Luke Sharrett | Bloomberg | Getty Images The Federal Trade Commission in a new lawsuit accuses the largest U.S. distributor of wine and spirits of illegal price discrimination…
KeyBanc sees multiple reasons for optimism on Charter Communications . Analyst Brandon Nispel upgraded the broadband provider to overweight from sector weight. Nispel also gave shares a $500 price target, which implies 32.1% upside from Wednesday’s close. “CHTR is well off its lows, but we think the stock can continue to work higher,” the analyst…
A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell on November 26, 2024, in New York City. Timothy A. Clary | Afp | Getty Images U.S. stock futures slid Wednesday night after the tech-heavy Nasdaq Composite finished above the 20,000 level for the first time. Futures tied…
SpaceX’s next-generation Starship spacecraft atop its powerful Super Heavy rocket is launched on its sixth test at the company’s Boca Chica launch pad in Brownsville, Texas, U.S., November 19, 2024. Joe Skipper | Reuters The valuation of Elon Musk’s SpaceX hit $350 billion based on a secondary share sale, CNBC confirmed on Wednesday. SpaceX, as well as…
