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Finance
Stocks making the biggest moves midday: Asana, Brown-Forman, Shake Shack, Shopify and more
Check out the companies making headlines in midday trading. Shopify — Shares fell 3% on the back of the company's investor day, which took place Tuesday. A lack of concrete…
Walmart CEO says consumers may not be as resilient next year, even as deflation starts to show
Holiday shoppers are turning to Walmart for groceries and gifts, but CEO Doug McMillon said it's hard to predict how sales will look in the months after the peak shopping season.In…
Why Cramer is in ‘wakeup-call mode’ on Starbucks
Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. ET. Here's a recap of Wednesday's key moments. 1. U.S. equities edged up in…
Google launches its largest and ‘most capable’ AI model, Gemini
Google CEO Sundar Pichai speaks in conversation with Emily Chang during the APEC CEO Summit at Moscone West on November 16, 2023 in San Francisco, California. The APEC summit is…
McDonald’s aims to open nearly 9,000 restaurants, add 100 million loyalty members by 2027
A McDonald's store sign in Austin, Texas, Oct. 30, 2023.Brandon Bell |Getty ImagesMcDonald's wants to open more than 8,800 locations and add 100 million members to its loyalty…
Private payrolls increased by 103,000 in November, below expectations, ADP says
Private sector job creation slowed further in November and wages showed their smallest growth in more than two years, payrolls processing firm ADP reported Wednesday.Companies…
Mortgage refinance demand jumps 14% as rates fall to lowest point since August
Homes in Hercules, California, US.Bloomberg | Bloomberg | Getty ImagesAfter surging over 8% in October, mortgage rates are falling back toward 7% again, and that is jump-starting…
U.S. consumers will soon wake up to ‘out of control’ interest on their credit cards, economist says
The U.S. economy should be able to avoid a recession next year — but a sharp pullback in consumer spending is among the biggest risks of that occurrence, according to economist…
‘You can’t just make your own rules’: Tesla faces Scandi revolt as Danes join Swedish strike
Elon Musk, chief executive officer of Tesla Inc., during a fireside discussion on artificial intelligence risks with Rishi Sunak, UK prime minister, not pictured, in London, UK, on…
A ‘thirsty’ generative AI boom poses a growing problem for Big Tech
Dubai, UNITED ARAB EMIRATES — A global rush for the next wave of generative artificial intelligence is increasing public scrutiny on an often-overlooked but critically important…