Sam Altman takes nuclear energy company Oklo public to help power his AI ambitions (www.cnbc.com)
Appeals court upholds Steve Bannon contempt of Congress conviction (www.cnbc.com)
CFPB rule to save Americans $10 billion a year in late fees faces possible last-minute freeze (www.cnbc.com)
Naming names, it’s up to Texas Judge Mark T. Pittman.
China’s biggest chipmaker SMIC warns of ‘fierce’ competition as it misses quarterly profit expectations (www.cnbc.com)
SMIC, China’s biggest contract chip manufacturer, is seen as critical to Beijing’s ambitions of cutting foreign reliance in its domestic semiconductor industry as the U.S. continues to curb China’s tech power. SMIC lags behind Taiwan’s TSMC and South Korea’s Samsung Electronics, according to analysts....
The U.S. is now Germany’s biggest trading partner — taking over from China (www.cnbc.com)
KEY POINTS...
Kimmy Schmidt goes grocery shopping! (www.cnbc.com)
54% of young Americans say food costs are the biggest strain on their finances
China’s biggest chipmaker SMIC warns of ‘fierce’ competition as it misses quarterly profit expectations (www.cnbc.com)
SMIC, China’s biggest contract chip manufacturer, is seen as critical to Beijing’s ambitions of cutting foreign reliance in its domestic semiconductor industry as the U.S. continues to curb China’s tech power. SMIC lags behind Taiwan’s TSMC and South Korea’s Samsung Electronics, according to analysts....
Neuralink's first in-human brain implant has experienced a problem, company says (www.cnbc.com)
Google employees question execs over 'decline in morale' after blowout earnings (www.cnbc.com)
At an all-hands meeting last week, Google executives responded to employee questions about declining morale even with financial performance improving.
54% of young Americans say food costs are the biggest strain on their finances (www.cnbc.com)
54% of young Americans say food costs are the biggest strain on their finances (www.cnbc.com)
Google employees questioned leadership about cost cuts, layoffs and “morale” issues following the company’s better-than-expected first-quarter earnings report. (www.cnbc.com)
Trump classified documents trial in Florida postponed indefinitely (www.cnbc.com)
The trial on charges that Donald Trump willfully retained classified national security records after leaving the White House was scheduled to start May 20.
Reddit shares soar 14% after company reports revenue pop in debut earnings report (www.cnbc.com)
TikTok sues U.S. government, says ban violates First Amendment (www.cnbc.com)
Abortion bans drive away up to half of young talent, new CNBC/Generation Lab youth survey finds (www.cnbc.com)
Renters' hopes of being able to buy a home have fallen to a record low, New York Fed survey shows (www.cnbc.com)
Renters' hopes of being able to buy a home have fallen to a record low, New York Fed survey shows (www.cnbc.com)
Trump VP hopeful Kristi Noem suggests Biden's dog Commander should also be put down (www.cnbc.com)
KEY POINTS...
[Industry] Sony and Apollo send letter expressing interest in $26 billion Paramount buyout as company mulls Skydance bid (www.cnbc.com)
cross-posted from: reddthat.com/post/18410459...
Apple announces largest-ever $110 billion share buyback as iPhone sales drop 10% (www.cnbc.com)
[Industry] Sony and Apollo send letter expressing interest in $26 billion Paramount buyout as company mulls Skydance bid (www.cnbc.com)
Trump Media auditor charged by SEC with 'massive fraud,' permanently barred from public company audits (www.cnbc.com)
U.S. job growth totaled 175,000 in April, much less than expected, while unemployment rose to 3.9% (www.cnbc.com)
U.S. job growth totaled 175,000 in April, much less than expected, while unemployment rose to 3.9% (www.cnbc.com)