The battered $24 billion hedge fund founded by former OpenAI researcher Leopold Aschenbrenner is unwinding many of its trades after big losses on artificial intelligence stocks and a bad bet against software stocks left it scrambling to raise cash, according to people familiar with the matter. The prime brokers for the fund, Situational Awareness, have…
Starbucks on Wednesday raised its full-year outlook after reporting its fourth straight quarter of same-store sales growth. For fiscal 2026, Starbucks now expects adjusted earnings per share in a range of $2.55 to $2.65, up from its prior outlook of $2.25 to $2.45 per share. It now also projects global same-store sales will rise nearly…
Spotify is adding a new mode to its Phone app for those who like to listen to music on the go. The new running mode prompts songs based on different stages of the run, and selects tracks based on your preferences and pace. Paying subscribers can find Running mode in the Fitness Hub, and select…
Spain’s World Cup-winning captain Rodri is closing in on joining Real Madrid from Manchester City this summer. Here’s the latest in transfer talk. Source link
Senator Rand Paul (R-Ky.) said he was surprised by Dr. Anthony Fauci’s invocation of the Fifth Amendment during Wednesday’s hearing, despite a prior apology from former President Biden. “Were you surprised that he decided to take the fifth now, whereas you guys had gone back and forth in testimony earlier, and why do you think…
The personal consumption expenditures price index was expected to rise 3.7% from a year ago on headline and 3.3% on core, according to the Dow Jones consensus. Also, gross domestic product was projected to increase at a 1.8% annualized rate. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on…
The Taco Bell logo is displayed at a Taco Bell restaurant on July 14, 2026 in Pasadena, California. Mario Tama | Getty Images Yum Brands on Wednesday reported mixed quarterly results but provided no details on how the cyclospora outbreak tied to Taco Bell restaurants is affecting its business. Since the Food and Drug Administration…
Meta CEO Mark Zuckerberg, left, and Microsoft CEO Satya Nadella. Getty Images | Reuters Microsoft shares jumped in premarket trading while Meta tanked as investors gave differing verdicts on the two tech giants’ earnings. Shares of Microsoft were last 9% higher while Meta was down 9%. On Wednesday, Microsoft posted fiscal fourth-quarter revenue that beat…
FIFA’s plan to raise up to $20 billion in private investment has been widely condemned. What is all this? And, importantly, what happens next? Source link
Senators Jim Banks (R-Ind.) and Andy Kim (D-N.J.) introduced legislation Wednesday, with the help of former NBA player Michael Kidd-Gilchrist, that seeks to improve the identification and treatment of children who stutter. The legislation, called the Kids Stuttering Act, proposes to direct the Centers for Medicare and Medicaid Services (CMS) to add stuttering and fluency…
