Nvidia CEO says he’s ‘disappointed’ after report China has banned its AI chips
Nvidia CEO Jensen Huang commented after a report that China has banned the use of the company’s AI chips.
Amazon invests over $1 billion to raise employee pay, lower health-care costs
Amazon said it is investing more than $1 billion to raise pay and lower health-care costs for U.S. fulfillment and transportation employees.
DOJ sues Rhode Island over student loan forgiveness program, alleging racial discrimination
The U.S. Department of Justice has filed a lawsuit alleging that Rhode Island’s student loan forgiveness program for teachers of color is discriminatory.
Post-pause rate cuts have been a very good set-up for small caps, history shows
The average Russell 2000 return one year after the Fed resumes cutting rates following a pause is 35% — versus 23% for the S&P 500, Canaccord Genuity said.
‘That’s cute’: Frontier CEO fires back at United CEO declaring discount airline model dead
Frontier Airlines CEO fired back at United’s CEO for saying the discount airline model is dead in the United States.
Workday stock climbs as activist investor Elliott takes $2 billion stake
Elliott Investment Management announced it a $2 billion stake in Workday.
Stocks like Rocket Mortgage could see the biggest gains as Fed drives down short-term rates
CNBC Pro screened U.S. stocks to find those with the highest inverse correlation with the two-year Treasury yield over the past 10 years.
Stocks making the biggest moves premarket: Nvidia, Alibaba, Workday, Netflix and more
These are the stocks posting the largest moves in premarket trading.
Lyft stock soars 20% on Waymo Nashville robotaxi deal
Waymo has teamed up with Uber to launch robotaxis in several U.S. markets, and is now joining forces with Lyft to launch in Nashville.
Amazon introduces AI agent to help sellers with tedious tasks
The agent is being added to Seller Assistant, an AI tool for merchants that the company debuted last year.