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A version of this article appeared in CNBC’s Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive future editions, straight to your inbox. Wealthy individuals have been pouring into alternative assets in recent years, thanks in part to […]
The Malta Gaming Authority (MGA) has warned consumers about false claims about gambling licenses. The MGA has published a notice, warning consumers about a list of sites claiming to have connections with the authority or false licenses from it. The organization has emphasized that any reference to the MGA or gaming licences said to be […]
Goldman Sachs CEO David Solomon on Friday warned that an AI investment frenzy may be overdone – and that stock markets are due for a “drawdown”. Major US stock indexes have notched record high after record high this year on the promise of artificial intelligence, but there’s a good chance that not all of those […]
The Texas Instruments headquarters in Dallas, Texas, on Jan. 21, 2024. N. Johnson | Bloomberg | Getty Images Texas Instruments shares plunged 13% after the automotive and industrial semiconductor supplier warned of ongoing tariff aftershocks. The company said it expects third-quarter earnings between $1.36 and $1.60 per share, a midpoint of $1.48 per share. That […]
United Airlines said Wednesday travel demand has picked up since the beginning of July, thanks to less geopolitical and macroeconomic uncertainty. The Chicago-based airline, however, expects its earnings to suffer in the current quarter due to operational constraints at Newark airport near New York City — one of its largest hubs and among the busiest in the country. […]
China warned the Trump administration on Tuesday against reigniting trade tension by restoring tariffs on its goods next month, and threatened to retaliate against nations that strike deals with the United States to cut China out of supply chains. Washington and Beijing agreed to a trade framework in June that restored a fragile truce, but with many […]
Nike said Thursday it would cut its reliance on production in China to mitigate the impact from US tariffs on imports, and forecast a smaller drop in first-quarter revenue than expected by analysts, sending its shares up 11% in extended trading. President Trump’s sweeping tariffs on key trading partners could add around $1 billion to Nike’s costs, […]
The head of one of the world’s most powerful artificial intelligence labs has warned the technology could eliminate half of all entry-level, white-collar jobs within the next five years. Fresh off promoting his company’s technology at a developer conference, Anthropic chief executive officer Dario Amodei told CNN’s Anderson Cooper that politicians and businesses are not […]
Amazon CEO Andy Jassy gave a warning to wallet-wary Americans in the wake of President Trump’s tariff agenda — saying the everything site many have come to rely on may have to up prices on common items. Jassy issued an equivocating warning to Amazon customers that the world’s most popular online retailer is facing challenges […]
Jerome H. Powell, the chair of the Federal Reserve, warned that President Trump’s tariffs risk stoking even higher inflation and slower growth than initially expected, as he struck a more downbeat tone about the outlook, despite the economy so far remaining in a “good place.” “While uncertainty remains elevated, it is now becoming clear that […]
