Netflix layoffs eliminate 6% of employees and 1,000 jobs
Netflix strikes with the ax by laying off approximately 1,000 employees, representing 6% of its workforce, in the largest layoff to date. Most of the layoffs will affect workers in Netflix’s product, technology, legal and human resources teams,…
OpenAI engineer arrested after recording device found in San Francisco office
3 hours ago Former OpenAI employee, Saudi national, indicted for allegedly bugging OpenAI conference room A Saudi national was arrested and charged after allegedly planting a recording device at an OpenAI office in San Francisco, authorities said…
AI-Driven Inflation Has Peaked, Goldman Sachs Says
The Federal Reserve could take a break from fighting inflation if economists at Goldman Sachs prove correct in a surprising new forecast. “In short, the impact of AI demand on inflation is significant but moderate, still largely comes from poor…
Banks closed accounts of MAGA, pro-life and other conservative groups disadvantaged by Biden admin
Big banks closed accounts and denied credit to MAGA traders, pro-life causes, religious groups, conservative organizations and sectors disfavored by the Biden administration, like guns, oil and gas and private prisons, an explosive report from the…
5 things to know before the stock market opens on Wednesday
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. A strategic war is brewing for Gen Z’s attention — and it involves everything from neon signs to dead mascots. Stock futures…
‘It’s like being in a vortex’: US report details scale of ‘devastating’ dating app scams | American politics
Mary met a man on the dating app Plenty of Fish in 2024. She told the Guardian she was looking for a connection, but instead fell victim to a romance scam that cost her nearly $100,000. “There were a lot of conversations, and then it started with…
Delta overhauls Delta One class with new seats, menus and tableware
Renderings of the Delta A350 fleet with the next-generation Delta One suite cabin. Courtesy: Delta Delta Airlinesthe country’s most profitable airline, has a problem serving its blue-chip customers: not enough Porsches. The airline uses a fleet of…
Morgan Stanley (MS) Third Quarter 2026 Results
Ted Pick, CEO of Morgan Stanley, speaks on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland, January 23, 2025. Gerry Miller | CNBC Morgan Stanley reported third-quarter results that beat expectations for blockbuster results…
Bank of America’s third-quarter profit falls 17% on lower transactions and trading revenue
Bank of America said Wednesday that its third-quarter profit fell 17% from a year earlier as a $1.2 billion regulatory penalty and a slowdown in its Wall Street machine dampened its growth in loan revenue. Bank of America (BAC) stock fell more than 3% in…
Judge orders OpenAI to turn over hiring records in Apple trade secrets case
A judge has ruled that Apple will receive expedited access to OpenAI’s recruiting materials as part of the trade secrets-focused lawsuit the iPhone maker filed against OpenAI in July. Specifically, the court will allow Apple to view documents…