Author: Daniel snow
The Education Department is putting pressure on Columbia’s accreditor, whose seal of approval the school needs to get federal grants and loans. Source link
Alex Karp, CEO of Palantir Technologies, speaks on a panel titled Power, Purpose, and the New American Century at the Hill and Valley Forum at the U.S. Capitol on April 30, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesPalantir CEO Alex Karp said the artificial intelligence arms race between the U.S. and China will culminate in one country coming out on top.”My general bias on AI is it is dangerous,” Karp told CNBC’s “Squawk on the Street” on Thursday. “There are positive and negative consequences, and either we win or China will win.”Karp has been a vocal advocate for…
The social platform alleges that Anthropic used data from Reddit to train its AI. Anthropic denies the claims. Source link
An index close above 5,990 would be a bullish catalyst for a summer stock-market rally. Source link
Bottles of the American whiskey Jack Daniel’s are offered for sale in a liquor store on November 27, 2023 in Chicago, Illinois.Scott Olson | Getty ImagesShares of Jack Daniel’s-maker Brown-Forman plunged more than 18% on Thursday after the company reported quarterly earnings that came in below analyst estimates, weighed down by the impact of tariffs and weak discretionary spending on alcohol.”While our results did not meet our long-term growth aspirations, we made important progress in an exceptionally challenging macroeconomic environment,” CEO Lawson Whiting said in the company’s earnings release.Here’s how the company performed for its fiscal fourth quarter of 2025,…
The U.S. deficit with its global trading partners tumbled by the largest amount on record in April as companies and consumers no longer rushed to get imports ahead of President Donald Trump’s tariffs.Following a record-breaking surge in the trade imbalance, the deficit slid to $61.6 billion, a decrease of $76.7 billion from the prior month and below the Dow Jones consensus forecast for $66.3 billion, according to a Commerce Department report Thursday.The move reverses a massive surge in imports that came ahead of Trump’s April 2 “Liberation Day” announcement.In a move that was even more aggressive than anticipated, Trump slapped…
BofA stays bearish on the U.S. dollar Source link
Tesla CEO Elon Musk listens as U.S. President Donald Trump speaks to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesShares of Tesla slid about 5% Thursday as CEO Elon Musk continued his relentless pressure on Congress to “KILL” President Donald Trump’s spending bill.Musk in recent days has threatened to primary lawmakers who vote for the bill and called it a “disgusting abomination,” marking a significant shift in his comments about the administration. The fall in shares comes as the EV maker saw a 22% rally in May…
Wide shot of friends and family enjoying dinner and sunset during destination wedding reception at luxury villa in MoroccoThomas Barwick | Digitalvision | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.The $100 trillion wealth transfer from older to younger generations is set to reshape the wealth management industry, as younger investors plan to move their money to new advisors, according to a new report.A new survey from Capgemini shows that 81% of “next generation millionaires,”…
The bond seesaw may be extra bumpy right now, but it’s not time to get off the ride. Source link