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Bitcoin climbs 5% above $28,000 as investors shrug off regulatory crackdowns
at 3:33 pm
Bitcoin surged 5% in the past 24 hours to as high as $28,474, retaking the $28,000 level after dipping below it on Monday.
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Elon Musk and other tech leaders call for pause on 'dangerous race' to make A.I. as advanced as humans
at 3:30 pm
Artificial intelligence labs have been urged by Elon Musk and numerous other tech industry figures to stop training AI systems more powerful than GPT-4.
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Lululemon shares jump as holiday-quarter sales surge
at 3:29 pm
Lululemon's quarterly results beat Wall Street's expectations, sending shares higher.
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ChatGPT and AI might have a future as your portfolio manager, study suggests
at 3:27 pm
A preliminary paper from two academics in South Korea shows that ChatGPT has some promise as a portfolio manager.
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New York identifies 'disadvantaged communities' that will receive extra climate funding
at 3:23 pm
The communities are located in large parts of northern Manhattan and the Bronx, as well as central Brooklyn and across the coastlines of New York City.
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Raise retirement age, or hike payroll taxes? New tool lets you decide how to fix Social Security
at 3:15 pm
Social Security may not be able to pay full benefits in 2035 if no changes are made sooner. Now, a new tool lets you decide how to shore up the program.
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House lawmakers tear into top bank regulators in second hearing this week on SVB collapse
at 3:11 pm
"We need competent financial supervisors. But Congress can't legislate competence," House Financial Services chairman Rep. Patrick McHenry told regulators.
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Amid inflation, nearly half of parents financially support their adult children, but 'it has to go both ways,' economist warns
at 3:04 pm
On average, parents who financially support grown children give them $1,400 a month for expenses like food, rent, cell phones and car insurance.
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Carl Icahn wants to bring back Illumina's ex-CEO 'immediately' as proxy fight intensifies
at 2:33 pm
Icahn said Illumina should bring back former CEO Jay Flatley, saying current management is making the mistake of holding onto the $7.1 billion Grail deal.
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A bad downgrade from UBS provides a buying opportunity for this turnaround play
at 2:29 pm
Part of call from UBS is related to a higher conviction in a consumer spending slowdown.
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'I would never go back': Why people love the 4-day workweek, which companies are hiring, and more
at 2:14 pm
A four-day workweek takes a special skill set, but the payoff — a three-day weekend — is huge. Think you have what it takes? It's CNBC's Work It newsletter.
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Pending home sales squeezed out a tiny gain in February, as mortgage rates jumped
at 2:00 pm
The average rate on the popular 30-year fixed mortgage started February right around 6% and ended the month just over 7%
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FDA approves over-the-counter sales of lifesaving opioid overdose treatment Narcan nasal spray
at 1:55 pm
The FDA's decision means people will be able to buy the 4mg nasal spray without a prescription in supermarkets, convenience stores and vending machines.
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As climate change intensifies extreme weather, NOAA looks to startups to help improve its forecasts
at 1:46 pm
NOAA is exploring buying data from startups such as Tomorrow.io and Saildrone to help it improve its weather forecasting.
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Macy's CEO Jeff Gennette, who's led the company's turnaround effort, will retire next year
at 1:45 pm
Macy's said Bloomingdale's CEO Tony Spring will succeed Jeff Gennette in February.
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Space infrastructure company Redwire trims quarterly losses, builds order backlog
at 1:42 pm
Space infrastructure company Redwire reported fourth-quarter results on Wednesday, with the company further trimming its losses and building its order backlog.
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Credit Suisse whistleblowers say Swiss bank has been helping wealthy Americans dodge U.S. taxes for years
at 1:04 pm
The bank notoriously pleaded guilty in 2014 to criminal charges for "knowingly and willfully" helping U.S. clients hide offshore assets and income from the IRS.
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Dumb phones are on the rise in the U.S. as Gen Z looks to limit screen time
at 12:00 pm
A resurgence in dumb phones in the U.S. may be tied to concerns about the mental health impact of smartphones, especially among younger generations.
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Saudi Arabia takes step to join China-led security bloc, as ties with Beijing strengthen
at 11:25 am
The Saudi decision to join the China-led SCO comes within weeks of Beijing brokering talks for arch-rivals Tehran and Ryiadh to resume diplomatic relations.
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Mortgage demand gets a boost from bank volatility, but it may be short-lived
at 11:00 am
Interest rates declined following turmoil in the banking sector, helping lift demand for mortgages.
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IHOP overhauls its menu: Cinn-A-Stack pancakes are back, savory crepes are in
at 10:00 am
IHOP is bringing back old favorites and unveiling new items as part of a menu overhaul.
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Bernie Sanders set to grill ex-Starbucks CEO Howard Schultz about alleged union busting
at 9:00 am
Starbucks Workers United has filed more than 500 complaints of unfair labor practices against the coffee chain.
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Lucid to cut 1,300 workers amid signs of flagging demand for its EVs
at 12:13 am
Lucid CEO Peter Rawlinson said the job cuts will hit "nearly every organization and level, including executives."
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Rallies from Walgreens, PVH and McCormick could be a good sign for earnings season, Cramer says
at 11:54 pm
Stocks that rallied Tuesday in response to "less than stellar" quarterly reports could bode well for earnings season, CNBC's Jim Cramer said.
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Jamie Dimon is being deposed over JPMorgan Chase role in Epstein lawsuits
at 11:39 pm
The suits allege that New York-based JPMorgan Chase ignored red flags about Jeffrey Epstein.
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SVB customers tried to withdraw nearly all the bank’s deposits over two days, Fed's Barr testifies
at 9:22 pm
The run on Silicon Valley Bank's deposits this month went far deeper than was initially known.
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Apple launches its Pay Later service
at 8:37 pm
Apple on Tuesday introduced Apple Pay Later, which will allow users to split their purchases into four payments spread over six weeks.
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5 alarming stats on U.S. economic inequality in Pulitzer Prize-winning author's new book
at 8:04 pm
Matthew Desmond's new book, "Poverty, by America," explores why the poverty rate hasn't improved in half a century. These figures show how bad the problem is.