Workday CEO calls narrative that AI is killing software ‘overblown’
Software stocks have sold off in recent months on concerns that new AI tools will upend the sector and displace their business models.
Fed’s main gauge shows inflation at 2.8% in November, edging further away from target
Inflation drifted slightly further from the Federal Reserve’s target in November though in line with expectations.
GM to move production of China-built Buick SUV to U.S. plant
General Motors plans to move production of a Buick compact SUV from China to the U.S. for domestic sales, the company confirmed Thursday.
CNBC Sport: Paramount is betting European regulators won’t approve WBD-Netflix. Here’s how it could play out
Paramount is counting on European regulatory backlash to push the WBD deal away from Netflix.
JPMorgan sees big gains for two stocks in a unique industry: water dredging
JPMorgan initiated research coverage of Orion Group and Great Lakes Dredge & Dock with overweight ratings.
Waymo launches robotaxi service in Miami, extending U.S. lead
Miami represents the sixth market for Waymo, which is owned by Google parent Alphabet.
OpenAI chair Bret Taylor says AI is ‘probably’ a bubble, expects correction in coming years
Taylor said the free market will ultimately determine where the value is and which AI players have the best products.
Spirit Airlines is in deal talks with investment firm Castlelake as struggling carrier seeks path forward
Spirit Airlines is in talks with investment firm Castlelake for a potential takeover of the discount airline, which is in bankruptcy, CNBC has learned.
Raymond James upgrades this ‘Magnificent Seven’ titan as AI-driven growth accelerates
Raymond James’ new price target upside of more than 20%.
Stocks making the biggest moves premarket: Procter & Gamble, Mobileye, McCormick, GameStop & more
These are the stocks posting the largest moves in the premarket.