Carm Basile, the former CEO of the Capital Region Transportation Authority, has died, according to several people briefed on his death. Will Waldron/Times Union Carm Basile, the former CEO of the Capital Region Transportation Authority, has died, according to several people briefed on his death. Courtesy of Carm Basile Carm Basile, the longtime CEO of…
Ford CEO Jim Farley, the leader of the 122-year-old company that democratized the car for everyday Americans, said carmakers are facing three “perfect-storm moments” that could prove existential. Farley took over as CEO in 2020, but has worked at the automaker since 2007. Before that, he spent nearly 20 years at Toyota. Now, he thinks…
The implications of the Iran war on energy markets will extend well beyond this year, according to a new report from the International Energy Agency (IEA) on Friday. The conflict in the Middle East, now in its second month, is expected to crimp global natural gas supplies for two years as damage to liquefied natural gas…
The latest admission, which came after weeks in which Anthropic had initially implied in its communications that nothing was wrong and that users were largely to blame for any performance problems and later said some of the changes had been made for users’ benefit, has done little to calm Anthropic’s customers—some of whom say they…
Today’s Change (4.30%) $8.60 Current Price $208.24 Key Data Points Market Cap $5.1T Day’s Range $199.82 – $210.94 52wk Range $104.08 – $212.19 Volume 8M Avg Vol 174M Gross Margin 71.07% Dividend Yield 0.02% Nvidia (NVDA +4.30%), a leader in GPUs for data centers, automotive, and gaming, closed Friday at $208.27, up 4.32%. The stock…
Crypto-bros’ appetite for a seat at President Donald Trump’s “VIP reception” for investors in his bizarre memecoin appears to have cooled dramatically since last year. Trump is set to host the Mar-a-Lago gala for holders of his controversial $TRUMP digital asset on Saturday, featuring speeches from the president himself, boxer Mike Tyson, and a senior…
HONG KONG (AP) — DeepSeek, the Chinese artificial intelligence startup that shook world markets last year, launched preview versions of its latest major update Friday as the AI rivalry between China and the U.S. heats up. DeepSeek’s V4 has been keenly anticipated by users looking to test how it compares to U.S. competitors like OpenAI’s…
Google plans to invest up to $40 billion in Anthropic and support the AI firm’s growing computing needs, Bloomberg reports. The Alphabet subsidiary is committing to invest $10 billion now, at a $350 billion valuation for Anthropic, with another $30 billion to follow if Anthropic hits certain performance targets, according to Anthropic. The promise of…
The Trump administration is exploring using the Defense Production Act as part of a strategy to save the beleaguered Spirit Airlines, according to U.S. officials familiar with the discussions. President Trump is open to some type of federal action, several sources told CBS News, and he has said publicly he’d “do it to save the…
BEIJING (AP) — China’s top automakers are showcasing their latest models and technologies from intelligent driving to ultrafast charging in Beijing as they compete with global rivals in overseas markets. Analysts say the biennial auto show in China’s capital, which opened to media on Friday, shows how its auto industry is setting the global pace…
Apple CEO Tim Cook announced this week that he’s stepping down from his position in September and handing the reins to John Ternus, currently the company’s senior vice president of Hardware Engineering and a 25-year employee. This change had been telegraphed pretty far in advance, both by media reports (Bloomberg’s well-connected Mark Gurman flagged Ternus…
But the world looks quite different in 2026. Electrification might still be on for the masses in China and Europe, but the people who buy cars with price tags that look more like telephone numbers don’t want all-electric hypercars. The good times aren’t rolling Then there’s the parlous state of VW Group itself. Porsche is…
JPMorgan Says Oil Prices Still Have Further to Rise | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Apr 24, 2026, 9:30 AM CDT JPMorgan says oil prices still have further to…
Google is preparing a massive investment in Anthropic, the company behind Claude, despite its own Gemini model competing with the AI company. Bloomberg reports that Google is investing $10 billion in Anthropic now, with another $30 billion if certain “performance targets” are hit. The investment will support a “significant expansion” to Anthropic’s computing capacity. Anthropic…
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WASHINGTON (AP) — The Justice Department has ended its investigation into Federal Reserve chair Jerome Powell, clearing a major roadblock to the confirmation of Kevin Warsh as his successor. U.S. Attorney for the District of Columbia Jeanine Pirro said on X Friday that her office was ending its probe into the Fed’s extensive building renovations…
Spirit Airlines‘ future is hanging in the balance over the next week as President Donald Trump said the government could bail out the airline, as the struggling discount carrier‘s lenders assess a potential deal. “We’re thinking about doing it, helping them out, meaning bailing them out, or buying it,” Trump told reporters in the Oval…
President Donald Trump confirmed Thursday that the White House is considering a bailout package for the budget carrier Spirit Airlines that could include a loan of up to $500 million and an equity stake in the company for the U.S. government. But as reports of the talks circulated, a number of prominent conservatives joined Democrats…
Gas stations are rationing fuel. Hospitals are running out of medical supplies. People are hoarding plastic bags, and factories face packaging shortages. That’s all happening in Asia now. That could become a problem for the United States: About half the stuff Americans buy comes from Asia. If Asian factories are dealing with a lack of…
It’s all about the court of public opinion. Apr 24, 2026, 12:00 PM UTC It’s all about the court of public opinion. Apr 24, 2026, 12:00 PM UTC Elon Musk cofounded OpenAI, and then flounced off in a huff when he wasn’t anointed CEO, leaving Sam Altman as the last power-hungry man standing. Now, Musk…
Retail investors plowed $5.7 billion into stocks between April 9 and 15, the week when the S&P 500 came roaring back to crest over 7,000, according to Arun Jain and his colleagues at J.P. Morgan. That’s still below the 12-month average of $6.6 billion per week. There is more room for that trend to run,…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. Congratulations to the NFL’s first-round draft picks. CNBC’s Alex Sherman spoke to No. 1 pick Fernando Mendoza ahead of his big night. Stock futures are mixed this morning after a negative day for all three major indexes. Here are five…
“This isn’t just about chips; it’s about giving customers the infrastructure foundation, as well as data and inference services, to build AI that understands, anticipates, and scales efficiently to billions of people worldwide,” said Nafea Bshara, vice president and distinguished engineer, Amazon. “Meta’s expanded partnership, deploying tens of millions of Graviton cores, shows what happens…
Traders work at the New York Stock Exchange on April 16, 2026. NYSE The S&P 500 and Nasdaq Composite closed at record levels on Friday after investors were given a hopeful sign that peace talks between the U.S. and Iran would soon take place in Pakistan. The broad market index finished up 0.8% at 7,165.08,…
(Image credit: Apple) I didn’t know it at the time, but the person I was interviewing was about to ascend to the highest position in all of tech. I was speaking to John Ternus, who is currently senior vice president of hardware engineering and soon-to-be Apple CEO, for an interview on Apple’s 50th anniversary and…
Tesla’s earning calls in the last few quarters have always been a study in extremes: The EV-maker’s profits from making and selling cars and batteries keeps shrinking, while CEO Elon Musk’s promises of wonders to come for the likes of robotaxis and humanoid robots keep ballooning. The Q1 edition, held after the market close on…
Spectrum owner Charter Communications is on pace for its worst day ever as broadband numbers and Q1 results disappoint Cable and broadband company Charter Communications is on pace for its worst-ever trading day on Friday, as investors dump the stock following its Q1 results and forward guidance. Charter, which owns Spectrum, reported adjusted earnings of…
Warner Bros. Discovery CEO David Zaslav‘s compensation tied to the company’s pending merger with Paramount was rejected by an eye-opening 82% of shareholders, the company said Thursday. Earlier in the day, the company convened a special shareholder meeting. Executives during the brief session noted that Zaslav’s pay package, which could wind up being as much…
(Bloomberg) — ServiceNow Inc. shares plunged the most ever after the provider of software for business tasks reported results that disappointed investors and said some sales deals have been delayed by the war in the Middle East. Most Read from Bloomberg Subscription revenue rose 22% to $3.67 billion in the quarter ended March 31, about…
Intel has spent the last few years trying to reinvent itself and prove it’s still relevant in an AI-centric world dominated by Nvidia’s chips. On Thursday, as Intel crushed Wall Street financial targets, the company had a new message: There’s nothing wrong with being a 58-year-old maker of PC and server microprocessors. “We are embracing…
In this article JP10Y .N225 Follow your favorite stocksCREATE FREE ACCOUNT Customers check out vegetables and other groceries at a supermarket in Tokyo on June 20, 2025. Kazuhiro Nogi | Afp | Getty Images Core inflation in Japan accelerated for the first time in five months, rising to 1.8% in March as the Iran war…
Porsche Porsche revealed the Cayenne Electric back in November, initially in base and Turbo guises with the mid-range S being shown off last month. There will be more models to come, like the performance-oriented GTS and absurd Turbo GT, and surely at least one or two other trims that Porsche can think up. Now, with…
Sign up to see the future, today Can’t-miss innovations from the bleeding edge of science and tech After over a decade of promising that fully autonomous driving is right around the corner, Tesla CEO Elon Musk has yet to bring his ambitious vision to fruition. In early 2019, Tesla started installing a system called Hardware…