OpenAI’s nonprofit arm showed revenue of $45,000 last year, even though company is worth billions
OpenAI’s nonprofit status has come under fire from critics who question how an $86 billion company can be controlled by a charity.
Gas prices have fallen 19% since September, hit lowest point of year ahead of holiday
Retail gas prices are falling as U.S. crude oil has booked seven straight weeks of losses.
The rally is starting to broaden from mega caps. Here’s where smaller tech stocks can benefit
Some expect small- and mid-cap growth names will benefit from an expansion in the market’s rally, and the boost from artificial intelligence.
McDonald’s CosMc’s is gunning for afternoon coffee sales. Starbucks shouldn’t worry, analyst says
CosMc’s drinks aren’t much cheaper than those at Starbucks, and the McDonald’s spinoff lacks the same human touch and scale as the coffee giant.
Here’s the inflation breakdown for November 2023 — in one chart
Lower gasoline prices helped the consumer price index edge downward, to 3.1% in November.
Inflation slowed to a 3.1% annual rate in November
The consumer price index was expected to be flat in November and up 3.1% from a year ago, according to Dow Jones consensus estimates.
Harvard president staying on the job after outcry over antisemitism testimony
Gay and her counterparts at the University of Pennsylvania and the Massachusetts Institute of Technology drew fierce criticism at a House hearing last week.
Fed to start cutting rates midyear in 2024 with high chance of soft landing, CNBC Fed survey finds
Lower inflation, falling rates and a soft landing are in the cards, according to the respondents to the CNBC Fed survey.
Why Fed rate hikes take so long to affect the economy, and why that effect may last a decade or more
The Federal Reserve’s interest rate increases may slow economic growth for a decade or more, according to a recent estimate from San Francisco Fed economists.
Anger and frustration as COP28 draft text omits fossil fuel phaseout
The draft text for a COP28 climate deal that does not include the phasing out of fossil fuels has drawn widespread criticism.
