Sen. Warren, others urge FTC, DOJ to scrutinize tech AI ‘acquihire’ deals for antitrust violations
The senators wrote that the FTC and DOJ should “carefully scrutinize these deals and block or reverse them should they violate antitrust law.”
Sandberg, other Meta vets invest in AI workplace communications startup
Slashwork is backed by former Meta executives Sheryl Sandberg, David Fischer, Carolyn Everson and Julien Codorniou, who led Facebook Workplace.
Yum Brands posts mixed quarter, Taco Bell shines
Taco Bell’s same-store sales spiked 7% in the quarter.
Rough winter weather hits homebuyers, tanking mortgage demand
Mortgage demand dropped sharply last week, even though interest rates moved slightly lower. The culprit was likely winter storm Fern.
Uber reports 20% revenue growth in fourth-quarter, fueled by food delivery
Uber said revenue in its food delivery business increased 30%, beating analysts’ estimates.
Eli Lilly blows past quarterly estimates, posts strong outlook as Zepbound and Mounjaro sales soar
Eli Lilly’s fourth-quarter earnings come as it tries to maintain its advantage over Novo Nordisk in the GLP-1 market.
AMD is down 9% after reporting earnings. Here’s why
The chipmaker’s stock has surged over the past year amid the AI boom
Streaming-only Super Bowl ads give small brands a shot at the Big Game
The Super Bowl beckons some of the most expensive ads every year, and brands are finding a cheaper option in the streaming-only option.
Trump says India won’t buy Russian oil anymore. Moscow insists India hasn’t said that
Analysts are skeptical that India will stop buying Russian oil completely.
AI disruption fears rock software stocks again. How Jim Cramer is navigating the sell-off
CNBC’s Jim Cramer said the sell-off in software reflects a shift in how investors value future growth rather than a collapse in earnings.