Tag: business news
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Procter & Gamble earnings beat as sales rise 4%, boosted by laundry and home products
Procter & Gamble topped Wall Street’s estimates for its quarterly earnings and revenue.
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David’s Bridal plans to spin off AI platform Pearl into publicly traded company
David’s Bridal told CNBC exclusively that it’s planning to spin off its AI platform, Pearl, into a stand-alone publicly traded company.
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New bipartisan bill aims to speed up clinical trials for rare disease treatments
A new bipartisan bill aims to speed rare disease drug development by making clinical trials faster, cheaper and more accessible to patients.
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Nvidia CEO Jensen Huang says neocloud demand is ‘off the charts’ but capital is scarce
Nvidia CEO Jensen Huang told CNBC Thursday that demand for neocloud firms is “off the charts,” but scarce capital is holding back growth.
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Barclays to slash 5,000 jobs in AI efficiency push
U.K. banks Barclays said Thursday it plans to cut 5,000 staff, citing efficiency savings from AI.
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U.S. Treasury yields may be poised for a breakout with Fed meeting as catalyst, says BMO
U.S. Treasury yields could be poised for a breakout ahead of the Federal Reserve’s Oct. 28 policy meeting, according to BMO Capital Markets.
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Southeast Asia is hungry for AI — and the money isn’t just in subscriptions
Southeast Asia’s rapid AI adoption is creating business opportunities beyond paid consumer subscriptions, a partner at Bain & Company, told CNBC.
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Bank of Korea holds rates after President Lee calls for boosting housing supply
Economists polled by Reuters had forecast the Bank of Korea to hold rates.
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Sovereign wealth funds’ China and Hong Kong investments surge 190% after a bruising slump
Sovereign wealth funds are pouring billions of dollars back into China after a sharp investment slump.
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Inside India newsletter: Asia’s hottest data center market aims to quell concerns over water and power use
India is grappling with growing public anger against data centers that pose a threat to its ambitions to host the whole world’s data.
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