Sam Altman’s Reddit stake now worth over $1 billion after post-earnings pop
OpenAI CEO Sam Altman’s stake in Reddit has ballooned to more than $1 billion in value, as of after-hours trading on Tuesday.
AMD shares fall as forecast fails to impress despite strong AI growth
AMD shares are up about 20% so far in 2024, although rivals such as Nvidia and Broadcom have had much greater gains during the same period, driven by AI chips.
Snap shares jump 10% on profit beat, stock buyback
Snap reported third-quarter results on Tuesday that beat on the top and bottom lines, but the company issued light fourth-quarter guidance.
Elon Musk, Trump allies say his tariff plans could cause short-term pain for consumers
Donald Trump has proposed universal tariffs, which Vice President Kamala Harris attacked, calling the proposal a “Trump sales tax” on American consumers.
Reddit shares soar 22% on earnings beat and better-than-expected forecast
Reddit reported third-quarter results that exceeded analysts’ estimates and gave a forecast for the current period that was well ahead of estimates.
Harris vs. Trump: Auto insiders weigh in on both candidates, top issues
Auto executives and lobbyists told CNBC they’re ready for all election outcomes and EVs, trade, tariffs, China, emissions regulations and labor are top issues.
Microsoft’s GitHub expands beyond OpenAI, lets developers use AI models from Anthropic, Google
GitHub is giving software developers more choices for its popular coding assistant, meaning they won’t be limited to models from OpenAI.
23andMe appoints three new board members following abrupt resignations
23andMe appointed three new independent directors to its board, the company said Tuesday.
Apple announces new and smaller Mac Mini with first redesign since 2010
Apple is framing the new Mac Minis, like all of its new products announced this year, as built for Apple Intelligence.
Consumer confidence surges as election nears, while job openings move lower
Consumers grew more optimistic heading into the contentious presidential election even as job openings hit multiyear lows.
