Former U.S. president and Republican presidential hopeful Donald Trump departs after speaking during a Commit to Caucus rally at the North Iowa Events Center in Mason City, Iowa, on Jan. 5, 2024. Christian Monterrosa | AFP | Getty Images Donald Trump has been barred from personally making a closing argument at his New York civil … Read more
Screenshot of the TheMessenger website. Source: TheMessenger The Messenger, the struggling news media startup co-founded by publishing veteran Jimmy Finkelstein, is urging potential investors to make a long-shot bet on a dramatic rebound in advertising this year. The company is attempting to stop the cash burn that has put it in jeopardy. CNBC has obtained … Read more
People carry shopping bags as they visit a department store during the holiday season in New York City. Eduardo Munoz | Reuters Retailers chalked up solid gains in the final month to wrap up the holiday season, according to the CNBC/NRF Retail Monitor for December. However, the data also shows the true state of consumer … Read more
OpenAI is back in action after its leadership tumult, debuting two product and service launches on Wednesday: the GPT Store — OpenAI’s answer to the App Store, which allows users to list personalized chatbots, or GPTs, they’ve built for others to download — and ChatGPT Team, a new option for businesses. ChatGPT Team, the smaller … Read more
Consumer spending remained remarkably resilient throughout 2023, even in the face of prolonged inflation and high interest rates. But that’s unlikely to continue, according to Jack Kleinhenz, chief economist at the National Retail Federation. “A year ago, many commentators were skeptical and calling for a recession, but the recession never came. With each passing month, … Read more
Shoppers enter and exit the Neiman Marcus at the King of Prussia Mall in King of Prussia, Pennsylvania, on Dec. 8, 2018. Mark Makela | Reuters ORLANDO, Fla. — As rumors swirl over whether Saks Fifth Avenue will acquire Neiman Marcus, Neiman’s CEO told CNBC there’s “no need” to sell the business, adding it’s unlikely … Read more
Nurphoto | Nurphoto | Getty Images Bitcoin and other cryptocurrencies dawdled as investors awaited the official SEC approval on spot bitcoin ETFs, a day after the regulator’s X.com account posted a false announcement on the highly anticipated news. The price of bitcoin fell more than 3% Wednesday, extending losses from the previous day, to $45,228.19, … Read more
Hunter Biden, son of U.S. President Joe Biden, sits with his attorney Abbe Lowell as he makes a surprise appearance at a House Oversight Committee markup and meeting to vote on whether to hold Biden in contempt of Congress for failing to respond to a request to testify to the House last month, on Capitol … Read more
Representations of cryptocurrency Bitcoin are placed on a PC motherboard in this illustration taken June 16, 2023. Dado Ruvic | Reuters St. Moritz, SWITZERLAND — Top players in the crypto industry gathered at a lavish hotel in elegant Swiss ski town St. Moritz ahead of the Wednesday start of the Crypto Finance Conference. Many were … Read more
Amazon is laying off hundreds of employees across its Prime Video and MGM Studios divisions. Mike Hopkins, who oversees those units, sent a note to staffers on Wednesday informing them of the job cuts, according to a copy of the memo viewed by CNBC. An Amazon spokesperson confirmed the layoffs. Hopkins said the company moved … Read more
