NEW YORK — Drake is betting big on Jannik Sinner, wagering $300,000 on the top-ranked men’s tennis player in the world to win the U.S. Open. The rapper known for placing big bets on sporting events — and often losing them — posted on social media the screenshot of a betting slip from Tuesday afternoon….
A shopper browses fruit and vegetables for sale at an indoor market in Sheffield, UK. The OECD recently predicted that the UK will experience the highest inflation among all advanced economies this year. Bloomberg | Bloomberg | Getty Images The U.K.’s inflation rate cooled to 3.6% in October, according to the latest data from the…
Another breakup is on the horizon. Later this month, Honeywell will separate its Solstice Advanced Materials unit. Honeywell shareholders as of Oct. 17 will receive one share of Solstice for every four shares of Honeywell. The two companies will begin trading independently on Oct. 30, with Solstice under the ticker SOLS and Honeywell keeping its…
Jonathan Ross, chief executive officer of Groq Inc., during the GenAI Summit in San Francisco, California, US, on Thursday, May 30, 2024. David Paul | Bloomberg | Getty Images Nvidia has agreed to buy Groq, a designer of high-performance artificial intelligence accelerator chips, for $20 billion in cash, according to Alex Davis, CEO of Disruptive,…
A researcher works in the lab at the Moderna Inc. headquarters in Cambridge, Massachusetts, US, on Tuesday, March 26, 2024. Adam Glanzman | Bloomberg | Getty Images Moderna said on Wednesday the Food and Drug Administration has agreed to review its experimental mRNA flu shot, reversing the agency’s earlier decision to refuse to accept the…
Tesla’s new Cybertruck is shown on display at a Tesla store in San Diego, California, on Dec. 9, 2023. Mike Blake | Reuters Tesla’s head of the Cybertruck program, Siddhant Awasthi, said late on Sunday that he is leaving the U.S. electric vehicle maker after more than eight years with the company. Awasthi, who began…
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Amazon logo on brick office building facade with windows, San Francisco, California, Aug. 29, 2025. Smith Collection | Gado | Archive Photos | Getty Images The head of Amazon’s artificial general intelligence lab is leaving the company less than two years after joining through a so-called acqui-hire deal of his startup Adept. David Luan announced…
Tesla and SpaceX CEO Elon Musk arrives to the inauguration of U.S. President-elect Donald Trump in the Rotunda of the U.S. Capitol on Jan. 20, 2025 in Washington, DC. Chip Somodevilla | Via Reuters A version of this article appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor…
The stakes for next week’s jobs report just got higher after Friday’s hot inflation print, amid rising fears that artificial intelligence will inflict greater damage to the labor market than investors thought. Stocks sold off Friday , with the Dow Jones Industrial Average last tumbling more than 600 points after the latest wholesale inflation print…
