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News
Fed has 'no choice' but to raise rates which will help its credibility: Jefferies' Richard Fisher
1+ day, 15+ hour ago (31+ words) Richard Fisher, former Dallas Fed president and Jefferies senior advisor, joins 'Closing Bell' to discuss what to expect from the Federal Reserve, the timetable for hikes and much more....
Larry Ellison nixes plan to offload up to $7.5 billion worth of Oracle stock
18+ hour, 15+ min ago (170+ words) Larry Ellison has canceled his plan to sell up to 50 million of his shares in Oracle, or $7.5 billion worth of stock at the current price. The reversal came just a day after a regulatory filing disclosed the Oracle founder's trading…...
Anthropic's Amodei proposes plan to 'slow the pace' of advancing AI capabilities
19+ hour, 4+ min ago (267+ words) Anthropic CEO Dario Amodei published an essay on Saturday urging artificial intelligence companies to pace how quickly they improve model capabilities, a move that comes as a growing chorus of researchers have called for a coordinated slowdown. Amodei proposed a…...
Boeing and engineers' union reach tentative contract agreement
22+ hour, 28+ min ago (360+ words) Boeing and its engineering union reached a tentative contract agreement on Friday, union officials said. The four-year offer includes higher general wage increases than the first offer, which members of the Society of Professional Engineering Employees in Aerospace (SPEEA) overwhelmingly…...
Inflation is outpacing wage growth again, squeezing Americans’ paychecks
22+ hour, 41+ min ago (574+ words) Americans face a renewed squeeze on their paychecks as inflation once again rises faster than wage growth, putting further pressure on consumer wallets. "A substantial number of Americans are worse off, their incomes are not keeping up with the price…...
Remembering 9/11: NYSE trader recalls the day's events
1+ day, 17+ hour ago (28+ words) Peter Tuchman, TradeMas Securities trader, joins 'The Exchange' to discuss Tuchman's experience going to work on September 11, 2001. Remembering 9/11: NYSE trader recalls the day's events...
Why data centers could be the next big market for catastrophe bonds
1+ day, 6+ hour ago (775+ words) The rapid buildout of hyperscale data centers is creating tens of billions of dollars of concentrated physical assets — and an insurance challenge that traditional markets may struggle to handle on their own. The soaring value of data center assets, which…...
Consumer sentiment fell to 47.8 in September
1+ day, 21+ hour ago (21+ words) CNBCâs Rick Santelli reports on the latest economic data to cross the tape. Consumer sentiment fell to 47.8 in September...
Oracle's Larry Ellison adopts trading plan to sell up to $7.5 billion worth of stock
1+ day, 9+ hour ago (214+ words) Oracle founder Larry Ellison has entered into a trading plan that would allow him to sell up to 50 million of his shares in the software company, or $7.5 billion worth of stock at the current price. It's an unusual move for…...
California enacts new curbs on social media for children
2+ day, 9+ hour ago (509+ words) California Governor Gavin Newsom signed into law on Thursday new tech company restrictions barring children under 16 from exposure to behaviorally addictive features on social media platforms and banning toys containing AI companion chatbots. The two measures were among 13 bills Newsom…...