Amazon Web Services CEO, Matt Garman speaks during CNBC Power Lunch on July 1, 2024. CNBC Amazon‘s cloud boss on Thursday gave employees a frank message about the company’s recently announced five-day in-office mandate. Staffers who don’t agree with Amazon’s new policy can leave, Amazon Web Services CEO Matt Garman said during an all-hands meeting … Read more
The logo for Merck is displayed on a screen at the New York Stock Exchange on Nov. 17, 2021. Andrew Kelly | Reuters Merck on Thursday said its experimental treatment designed to protect infants from respiratory syncytial virus showed positive results in a mid- to late-stage trial, bringing the company one step closer to filing … Read more
Jakub Porzycki | NurPhoto via Getty Images Two young men accused of committing one of the largest person-to-person crypto thefts in U.S. history went on a brazen spending spree that included buying exotic cars, a $2 million wristwatch, renting mansions and running up nightclub tabs of hundreds of thousands of dollars apiece, new court records … Read more
Asiavision | E+ | Getty Images Between higher prices and high interest rates, some Americans have had a hard time keeping up. As a result, many are using more of their available credit and now, nearly 2 in 5 credit cardholders — 37% — have maxed out or come close to maxing out a credit … Read more
Brian Williams. Lloyd Bishop | NBC | Getty Images Amazon said Thursday it plans to host an election night special anchored by Brian Williams, marking the company’s first foray into live news coverage. The one-night special will provide election results and analysis on Prime Video starting at 5 p.m. ET on Nov. 5, the company … Read more
Avishek Das | Lightrocket | Getty Images FBI agents on Thursday arrested an Alabama man for his alleged role in the Jan. 9 hack of the Securities and Exchange Commission’s X account, which sent the price of bitcoin spiking by more than $1,000, the Department of Justice announced. The man, Eric Council Jr., is expected … Read more
The head of the International Monetary Fund cautioned on Thursday that high debt and low growth remained major impediments to the global economy. IMF Managing Director Kristalina Georgieva told CNBC that while notable progress had been made in the global economic recovery, governments had become too accustomed to borrowing, with “anemic growth” adding to the … Read more
Mark Cuban attends the Round 1 Game 2 of the 2024 NBA Playoffs between the Los Angeles Clippers and the Dallas Mavericks game at Crypto.com Arena on April 23, 2024 in Los Angeles, California. Kevork Djansezian | Getty Images Mega-rich partisans Mark Cuban and Elon Musk are getting off the sidelines in the final weeks … Read more
Jensen Huang, co-founder and CEO of Nvidia, speaks during an event in Taipei, Taiwan, on June 2, 2024. Annabelle Chih | Bloomberg | Getty Images Shares of Nvidia rose to a new record Thursday as investors piled back in to the artificial intelligence trade, which had stalled a bit since the summer. The stock rose … Read more
Momo Productions | Digitalvision | Getty Images While many investors have flocked to exchange-traded funds, they haven’t gained much ground with 401(k) plan participants. Exchange-traded funds, or ETFs, debuted in the early 1990s and have since captured about $10 trillion. Mutual funds hold about $20 trillion, but ETFs have chipped away at their dominance: ETFs … Read more
