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Finance
Meta and Microsoft say they will buy AMD’s new AI chip as an alternative to Nvidia
Lisa Su displays an AMD Instinct MI300 chip as she delivers a keynote address at CES 2023 in Las Vegas, Nevada, Jan. 4, 2023David Becker | Getty ImagesMeta, OpenAI, and Microsoft…
Jamie Dimon lashes out against crypto: ‘If I was the government, I’d close it down’
JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on…
Wall Street CEOs say proposed banking rules will hurt small businesses, low-income Americans
(L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase; and Jane Fraser, CEO of Citigroup; testify during a Senate Banking…
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…