Why Americans can't keep money in their pockets — even when they get a raise (www.cnbc.com)
Mark Zuckerberg indicates Meta is spending billions of dollars on Nvidia AI chips (www.cnbc.com)
Summary: Meta, led by CEO Mark Zuckerberg, is investing billions in Nvidia’s H100 graphics cards to build a massive compute infrastructure for AI research and projects. By end of 2024, Meta aims to have 350,000 of these GPUs, with total expenditures potentially reaching $9 billion. This move is part of Meta’s focus on...
Apple will avoid ban by selling latest Apple Watches without blood oxygen feature (www.cnbc.com)
Apple will avoid ban by selling latest Apple Watches without blood oxygen feature::Apple will be able to continue importing and selling Apple Watches as it battles with Masimo in court
OpenAI quietly removes ban on military use of its AI tools (www.cnbc.com)
OpenAI quietly removes ban on military use of its AI tools::OpenAI has quietly walked back a ban on the military use of ChatGPT and its other artificial intelligence tools.
Amazon, Microsoft, Meta and others accused by rivals of not respecting new EU competition rules (www.cnbc.com)
Iowa Republican caucus sets new record for state political ad buys: $120 million (www.cnbc.com)
The battle to win the Republican Iowa caucus is the most expensive on record, with over $120 million spent on ads by the campaigns and their affiliated political action committees in the Hawkeye State, according to data provided to CNBC by AdImpact....
Why can’t today’s young adults leave the nest? Blame high housing costs (www.cnbc.com)
These days, housing affordability is a struggle for nearly everyone....
U.S. deficit tops half a trillion dollars in the first quarter of fiscal year (www.cnbc.com)
Ship hijacked off Oman appears to change course toward Iran waters (www.cnbc.com)
An oil tanker was boarded by armed individuals near the Gulf of Oman on Thursday and appeared to change course toward Iranian waters, according to the U.K. Marine Trade Operations....
Amazon cuts hundreds of jobs in Prime Video and MGM Studios (www.cnbc.com)
Amazon cuts hundreds of jobs in Prime Video and MGM Studios::Mike Hopkins, who oversees those units, sent a note to staffers informing them of the job cuts.
Bosses want to work from home more than employees do, says new survey—but they're still pushing Return To Office requirements (www.cnbc.com)
Global economy set for its worst half decade of growth in 30 years, World Bank says (www.cnbc.com)
The global economy is on course to record its worst half decade of growth in 30 years, according to the World Bank....
Defense Secretary Lloyd Austin treated for prostate cancer, developed severe infection, Pentagon reveals (www.cnbc.com)
Supreme Court rejects appeal by Elon Musk's X on disclosing federal surveillance (www.cnbc.com)
Supreme Court rejects appeal by Elon Musk’s X on disclosing federal surveillance::X, owned by Elon Musk, previously challenged a ban on disclosing warrant for the Twitter account of Donald Trump obtained by special counsel Jack Smith.
Unity Software to lay off 1,800 employees as part of a corporate restructuring (www.cnbc.com)
Unity Software to lay off 1,800 employees as part of a corporate restructuring::Unity Software is slashing about 25% of its workforce just eight months after announcing its prior round of layoffs.
56 million Americans have been in credit card debt for at least a year. ‘We are seeing pockets of trouble,’ expert says (www.cnbc.com)
United Airlines inspections find loose bolts on several Boeing 737 Max 9 aircraft after grounding (www.cnbc.com)
Microsoft, OpenAI sued for copyright infringement by nonfiction book authors in class action claim (www.cnbc.com)
Microsoft, OpenAI sued for copyright infringement by nonfiction book authors in class action claim::The new copyright infringement lawsuit against Microsoft and OpenAI comes a week after The New York Times filed a similar complaint in New York.
FAA grounds more than 170 Boeing 737 Max 9s after Alaska Airlines panel blows out (www.cnbc.com)
U.S. payrolls increased by 216,000 in December, much better than expected (www.cnbc.com)
December’s jobs report showed employers added 216,000 jobs for the month while the unemployment rate held at 3.7%. Payroll growth showed a sizeable gain from November’s downwardly revised 173,000
Microsoft says a Copilot key is coming to keyboards on Windows PCs starting this month (www.cnbc.com)
Turkish inflation climbs to nearly 65%, with more rises expected (www.cnbc.com)
Biden administration announces $162 million to expand computer chip factories in Colorado and Oregon (www.cnbc.com)
The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips — the second funding announcement tied to a 2022 law designed to revive U.S. semiconductor manufacturing....