A combination image shows Sam Altman, CEO of OpenAI, during the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco on Nov. 16, 2023, and Elon Musk, CEO of SpaceX and Tesla, during the Viva Technology conference at the Porte de Versailles exhibition center in Paris on June 16, 2023. Carlos Barria | Gonzalo Fuentes…
An American flag flies at Warner Bros. Studio in Burbank, California, on Sept. 12, 2025. Mario Tama | Getty Images Warner Bros. Discovery on Wednesday reported a staggering net loss for the first quarter, but it has an explanation. The company booked a net loss of $2.9 billion, far larger than the net loss of…
While money markets and certificates of deposit are still producing solid yields, sitting in too much cash could be costing investors money. Investors have piled into cash equivalent assets in recent years — and they have stayed despite the central bank’s decision to cut the federal funds rate three times last year. The Fed’s last…
A motorist gets gas at a Shell station in Miami on April 13, 2026. Joe Raedle | Getty Images Auto debt is becoming a bigger problem for consumers, a new report shows. Total auto debt reached $1.68 trillion at the end of 2025 — a 37% increase since late 2018, when the debt was at…
FanDuel CEO Amy Howe has been ousted from that post after five years at the company, people familiar with the matter told CNBC. Christian Genetski, FanDuel president, will step in to lead the company, according to the people, who asked not to be named in order to speak about internal matters. Howe, head of the…
An exterior view of the U.S. Securities and Exchange Commission (SEC) headquarters in Washington. Jonathan Ernst | Reuters Prediction markets traders are confident the Securities and Exchange Commission will change its rules governing how often companies must report financial statements to shareholders, to semiannually from quarterly, following a formal proposal by regulators on Tuesday. Opinion…
A gas station sign displays prices in Washington, D.C., U.S., May 1, 2026. Annabelle Gordon | Reuters Lower-income consumers are compensating for higher gas prices by buying less while those in higher-income brackets haven’t changed their behavior much at all despite soaring costs, according to research released Wednesday by the Federal Reserve of New York….
Dario Amodei, co-founder and chief executive officer of Anthropic, during the company’s Builder Summit in Bengaluru, India, on Monday, Feb. 16, 2026. Samyukta Lakshmi | Bloomberg | Getty Images Anthropic on Wednesday announced it signed an agreement with Elon Musk’s SpaceX to use all of the compute capacity at the company’s Colossus 1 data center…
Marc Rowan, chief executive officer of Apollo Global Management LLC, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, U.S., on Tuesday, April 5, 2022. Jeenah Moon/Bloomberg via Getty Images Jeenah Moon | Bloomberg | Getty Images Apollo Global Management CEO Marc Rowan on Wednesday warned investors that…
Two Marriott credit cards have increased welcome bonuses set to expire on May 13, 2026. If your summer vacation budget is straining under inflated gas prices and airfare, these deals may provide relief. Right now, you can unlock all-time high welcome bonuses for the following cards: The Marriott Bonvoy Business® American Express® Card also has…
