Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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GAO finds Elon Musk’s DOGE inflated claims of $110 billion in savings for federal government
The nonpartisan watchdog found Elon Musk’s DOGE didn’t cut as much federal spending as it claimed and that it fell far short of its promised $2 trillion.
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S&P 500 futures are little changed as traders await big jobs report: Live updates
Wall Street is coming off a losing session as the July jobs report looms.
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Stocks making the biggest moves after hours: Twilio, Airbnb, DraftKings, Trade Desk and more
These are the stocks posting the largest moves in extended trading.
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Airbnb stock soars 9% on earnings and revenue beat, strong guidance for third quarter
Airbnb said it’s seeing strong demand “across all regions,” contributing to the company’s better-than-expected forecast.
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Virginia governor to intervene in NextEra, Dominion merger over electricity price concerns
Virginia’s State Corporation Commission is tasked with reviewing the deal and will either accept, reject or impose conditions on it.
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Sweetgreen cuts full-year outlook as cyclospora fears weigh on sales
The salad chain has not been implicated in the ongoing cyclospora outbreak.
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Grindr’s AI spend is paying off and its pricey new tier has had some surprises, CEO says
Grindr says AI is boosting engineering productivity, supporting a new $350/month premium tier and driving stronger subscriber growth and retention.
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Savers Value Village thrift store launches new AI tool to price items
Savers Value Village is launching a new AI pricing tool to keep product prices consistent and low, the company told CNBC exclusively.
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AMD buys chip startup that hardwires AI models into its silicon
Taalas’ current chip runs a small version of Meta’s Llama 3.1, though the company is working on chips for bigger and more advanced models.
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What Friday’s jobs report could mean for investors
The July readings for nonfarm payrolls and the unemployment rate come amid mixed signals about the health of the labor market.
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