Sam Altman, CEO of OpenAI, at Station F, is seen through glass, during an event on the sidelines of the Artificial Intelligence Action Summit in Paris, France, Feb. 11, 2025. Aurelien Morissard | Via Reuters OpenAI’s Sam Altman is stepping down as chairman of the board of nuclear startup Oklo, after bringing the company public…
Treasury Secretary Scott Bessent told investors in a closed-door meeting Tuesday he expects “there will be a de-escalation” in President Donald Trump’s trade war with China in the “very near future,” a person in the room told CNBC. “The next steps with China are, no one thinks the current status quo is sustainable” with tariff…
Men work with a jet engine at General Electric (GE) Celma, GE’s aviation engine overhaul facility in Petropolis, Rio de Janeiro, Brazil. YASUYOSHI CHIBA | AFP | Getty Images RTX and GE Aerospace expect a more than $1 billion impact combined from President Donald Trump’s tariffs on imported goods and materials, the latest sign of…
Gold prices rebounded on Tuesday from a near four-week low reached in the previous session, as heightened concerns over the global trade war between the United States and its key trading partners lifted investor appetite for safe-haven assets. Chris Ratcliffe | Bloomberg | Getty Images Gold prices rallied on Tuesday, hitting a record as President…
Chipotle Mexican Grill logo is seen in Manhattan, New York, United States of America, on July 6th, 2024. Beata Zawrzel | Getty Images Chipotle Mexican Grill will open its first location in Mexico early next year as the latest stage in its international expansion. The company announced Monday that it has signed a development agreement…
A CATL sign stands outside its research and development hub and the Chinese battery maker’s headquarters in Ningde, Fujian province, China November 8, 2024. Kevin Krolicki | Reuters China’s CATL, the world’s largest supplier of EV batteries, announced a set of new incoming products Monday, including a battery it claims has set a “new global…
Chicago Federal Reserve President Austan Goolsbee. Kate Rooney | CNBC Federal Reserve Bank of Chicago President Austan Goolsbee on Monday urged against reducing the central bank’s independence as President Donald Trump amped up criticism of Chair Jerome Powell. “The long-run expectations that the Fed would get inflation back down to the 2% target were critically important….
Indian Prime Minister Narendra Modi meets U.S. Vice President JD Vance and his family at his residence in New Delhi, India, on April 21, 2025. Anadolu | Anadolu | Getty Images India’s Prime Minister Narendra Modi and U.S. Vice President JD Vance on Monday hailed the “significant” progress made in trade talks between the two…
Signage for Nomura Holdings Inc. outside the company’s Otemachi head office in Tokyo, Japan, on Wednesday, Oct. 30, 2024. Bloomberg | Bloomberg | Getty Images Japanese investment bank and brokerage group Nomura said Tuesday it will buy the North American and European public investments business of Australian investment banking company Macquarie for $1.8 billion. The…
The headquarters of the Department of Education on March 12, 2025 in Washington, DC. Win McNamee | Getty Images The U.S. Department of Education announced Monday that its Office of Federal Student Aid will resume “involuntary collections” on May 5 for federal student loans that are in default. Collections will be made through the so-called…
