OpenAI’s Sora AI tool allows users to create AI-generated videos from text-based inputs. Costfoto | Nurphoto | Getty Images OpenAI CFO Sarah Friar is looking to reassure its investors that the richly valued artificial intelligence startup is still in a strong position and is poised to close a big funding round soon, despite losing top … Read more
Extreme temperatures are driving travelers to seek cooler destinations. And there’s a term for the trend: “coolcations.” Heat waves — which are increasing in frequency, duration and intensity, according to the U.S. Environmental Protection Agency — are affecting where people are choosing to vacation, especially during the hot summer months. “Often, when we think of vacation, … Read more
Construction work is done around the Federal Reserve building on September 17, 2024 in Washington, DC. Anna Moneymaker | Getty Images News | Getty Images With its larger-than-normal cut last week, the Federal Reserve sent a clear message that interest rates are heading considerably lower in the future. The Treasury market, though, hasn’t been paying … Read more
A view of the headquarters of the Swiss National Bank (SNB), before a press conference in Zurich, Switzerland, March 21, 2024. Denis Balibouse | Reuters The Swiss National Bank on Thursday took a third step to loosen monetary policy this year, bringing its key interest rate down by 25 basis points to 1.0%. The trim, … Read more
Election polling continues to forecast a tight race between Vice President Kamala Harris and former President Donald Trump, but within corporate America, top executives are preparing for Harris to become the next president of the United States, according to a new CNBC survey of C-suite executives across the economy. A majority of chief financial officers … Read more
A Southwest Boeing 737 is at Phoenix Sky Harbor International Airport in Arizona, USA, on July 2, 2024. Robert Smith | Nurphoto | Getty Images Southwest Airlines raised its third-quarter revenue forecast on Thursday, announced its board authorized a $2.5 billion in share buybacks, and detailed a host of changes to its business model as … Read more
Donald Trump, who has been quite vocal about a tariff-heavy trade policy, appears to have shifted the focus of his protectionist agenda from China to some of the closest U.S. allies. Speaking at a campaign event in Savannah, Georgia, on Tuesday, the Republican presidential nominee said he would build upon the tariff policies of his … Read more
By Michael Tutton The Canadian Press Posted September 25, 2024 4:24 pm 1 min read Descrease article font size Increase article font size Ottawa has finalized a $500-million bailout to help Nova Scotia Power keep rates from skyrocketing due to delivery delays of Muskrat Falls electricity. Emera, the parent company of Nova Scotia Power, confirmed … Read more
Nearly 13,000 international students have applied for asylum in Canada in the first eight months of the year, data from Immigration, Refugees and Citizenship Canada shows. Between Jan. 1 and Aug. 31, a total of 119,835 refugee claims were made in Canada. Of these, 12,915 were claimants who were on either study permits (11,605) or … Read more
People shop at a home improvement store on August 14, 2024, in New York City. Spencer Platt | 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 you see? … Read more
