Berkshire slashes Bank of America stake to under 10%, no longer required to disclose frequently
Warren Buffett's Berkshire Hathaway cut its stake in Bank of America below an important level. ...
Category: Economy
Here’s the inflation breakdown for September 2024 — in one chart
Inflation fell in September as gasoline prices declined and housing inflation moderated, according to the consumer price index. ...
AMD launches AI chip to rival Nvidia’s Blackwell
Advanced generative AI such as OpenAI's ChatGPT requires massive data centers full of GPUs, which has created demand for more…
Tesla robotaxi event comes after a decade of unfulfilled promises from Elon Musk
Tesla’s robotaxi event on Thursday will test investors faith in Elon Musk’s vision ...
The Fed is finally cutting rates, but banks aren’t in the clear just yet
When the Federal Reserve cut its benchmark rate by half a percentage point last month, it boosted prospects for many…
TikTok’s use of casino-like virtual currency to allegedly exploit children faces scrutiny in DC lawsuit
The District of Columbia attorney general alleges that TikTok operates an alleged "unlicensed virtual currency" as part of its TikTok…
Ozempic underworld: Inside the black market of obesity drugs
A CNBC investigation into illegal weight loss drugs reveals a marketplace where criminals brazenly counterfeit the drugs or ship the…
CVS, UnitedHealth say FTC should take Lina Khan and two commissioners off drug middlemen case
The companies argue the commissioners have "a lengthy track record of making public statements that indicate serious bias" against pharmacy…
Bayer shares down 7% after U.S. court says it will review Monsanto case
The company said in a statement Wednesday that there was "no basis for a different outcome on appeal." ...