Investors in Airbnb arbitrage business allege they were defrauded

Investors in Airbnb arbitrage business allege they were defrauded

Illustration by Elham Ataeiazar Daryn Carr is no stranger to side hustles. After his mom died from Covid in 2020, he used funds from her pension to pay off some bills and buy a car. With the remaining money, he invested in crypto and started an ATM business.  One day in 2022, while scrolling through … Read more

Earnings from Shopify, Marriott and Wendy’s

Earnings from Shopify, Marriott and Wendy’s

CNBC’s Jim Cramer on Friday prepared investors for next week on Wall Street, saying investors should pay attention as earnings season continues, with reports from companies including Shopify, Marriott and Wendy’s. He also recommended researching retail stocks next week before the industry reports a slew of earnings results the week after. “Next week seems busy, … Read more

Portfolio health care name turns its luck around thanks to management’s AI push

Portfolio health care name turns its luck around thanks to management’s AI push

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. U.S. stocks were mostly higher on Friday. The S & P 500 was on track for a fifth positive week in a row. The broad market index topped 5,000 … Read more

OpenAI CEO Sam Altman reportedly seeking trillions of dollars for AI chip project

OpenAI CEO Sam Altman reportedly seeking trillions of dollars for AI chip project

Sam Altman, CEO of OpenAI, at the Hope Global Forums annual meeting in Atlanta on Dec. 11, 2023. Dustin Chambers | Bloomberg | Getty Images OpenAI CEO Sam Altman is seeking trillions of dollars in investments to overhaul the global semiconductor industry, The Wall Street Journal reported. Altman has long talked of the supply and … Read more

Streamers like Amazon, YouTube and Peacock are transforming the NFL

Streamers like Amazon, YouTube and Peacock are transforming the NFL

The NFL isn’t just the most popular sports league in the U.S., it’s also the most valuable with the highest-rated programming and the priciest ad time. In 2021 the league signed an estimated $110 billion worth of media deals covering 11 years, which reportedly was nearly double the value of its previous contracts. “If you’re … Read more

U.S. CEOs turn positive on the economy

U.S. CEOs turn positive on the economy

US President Joe Biden speaks about the economy and the deal between the United Auto Workers (UAW) Union and the big-three automakers, in Belvidere, Illinois, on November 9, 2023. Olivier Douliery | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to … Read more

U.S. CEOs feeling better about the economy

U.S. CEOs feeling better about the economy

A customer visits a supermarket in San Mateo, California, on Dec. 12, 2023. Li Jianguo | Xinhua News Agency | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what … Read more

Pinterest (PINS) Q4 2023 earnings report

Pinterest (PINS) Q4 2023 earnings report

A display for image sharing and social media service Pinterest is seen at the Collision conference in Toronto, Ontario, Canada June 23, 2022. Chris Helgren | Reuters Pinterest shares plummeted in extended trading on Thursday after the company issued a weaker-than-expected forecast and missed on revenue. Revenue: $981 million vs. $991 million expected, according to … Read more

Banking troubles again roil markets

Banking troubles again roil markets

The New York Community Bank (NYCB) headquarters in Hicksville, New York, US, on Thursday, Feb. 1, 2024. Bing Guan | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. … Read more

Google Gemini AI launches in new app, subscription

Google Gemini AI launches in new app, subscription

Google on Thursday announced a major rebrand of Bard, its artificial intelligence chatbot and assistant, including a fresh app and subscription options. Bard, a chief competitor to OpenAI’s ChatGPT, is now called Gemini, the same name as the suite of AI models that power the chatbot. Google also announced new ways for consumers to use … Read more