Bret Taylor, co-founder of the artificial intelligence startup Sierra, said Thursday that AI “probably” is a bubble that is causing both “smart money” and “dumb money” to fund competitors at every layer of the tech stack. Taylor, who also serves as the chairman of OpenAI’s board, said the free market will ultimately determine where the…
In this photo illustration, the Procter and Gamble logo is seen on a package of Pepto Bismol on June 05, 2025 in San Anselmo, California. Justin Sullivan | Getty Images Procter & Gamble on Thursday reported mixed quarterly results as demand for its Gillette razors and Pampers diapers fell. The company also tweaked its earnings…
The EU needs “clarity” on Donald Trump’s intentions after he cancelled his planned levies against eight countries over their stance on Greenland, a senior lawmaker has told CNBC. EU lawmakers have removed the threat of tariff countermeasures against the U.S. after the U.S. president backed down. Bernd Lange, a member of the European Parliament and…
A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California. Kevin Carter | Getty Images News | Getty Images Spirit Airlines is in talks with alternative investment firm Castlelake for a potential takeover as the discount airline looks for a path out…
Check out the companies making the biggest moves in premarket trading: Procter & Gamble — The consumer packaged goods company shed nearly 1.5% after its fiscal second-quarter revenue missed expectations. Procter & Gamble reported revenue of $22.21 billion, less than the $22.28 billion expected from analysts polled by LSEG. However, its earnings of $1.88 per…
U.S. President Donald Trump attends a reception with business leaders during the 56th annual World Economic Forum (WEF), in Davos, Switzerland, Jan. 21, 2026. Jonathan Ernst | Reuters Trump’s latest retreat from a trade war has catalyzed an international asset rally — and revived investors’ talk of “TACO” — “Trump Always Chickens Out.” Speaking to…
A 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. Ultra rich families are increasingly using their personal investment firms to bring millennial and Generation Z heirs into the fold. In a tough…
The USA House is prepared ahead of the World Economic Forum on January 18, 2026 in Davos, Switzerland. The annual WEF meeting brings together leaders from government, business and civil society to discuss major global issues. This year’s edition is taking place from January 19 to 23. Elena Romanova | Getty Images News | Getty…
Niphon | Istock | Getty Images U.S. President Donald Trump’s plan to grant Nvidia licenses to ship some of its more powerful artificial intelligence chips to China is ruffling the feathers of some of Washington’s most prominent China hawks, including members of his own party. The pushback intensified this week with the U.S. House of…
Stalled demand for energy in Europe pushed investors away from renewables, but artificial intelligence could see cash flow back into the sector, while also uplifting fossil fuels. Global electricity generation from renewables is expected to jump by 60% in 2030, accounting for 45% of total electricity output, per the International Energy Agency. Almost 50% of…
