Posts with tag: nature
OpenAI CEO Sam Altman declines Elon Musk's $97.4 billion offer to buy the nonprofit. Plus, insights into Altman's plans to turn OpenAI into a for-profit business and Musk's lawsuit against the move.
Published on: February 11, 2025, 01:03 PM UTC
Big Tech's $325 Billion AI Bet: What It Means for Stocks
Published on: February 11, 2025, 01:02 PM UTC
Scrapping cash Isas could boost the UK economy by encouraging investment in British companies, but it would also strip millions of savers of tax-free returns. While historically stock market returns outstrip cash, British savers are renowned for being cautious. However, the benefits of cash Isas, such as higher interest rates and the ability to access funds quickly, cannot be ignored. The decision whether to scrap cash Isas should be left to individual savers who should retain the right to choose how they manage their own money.
Published on: February 11, 2025, 01:01 PM UTC
The Carlyle Group reported a Q4 net income of $210.9 million and revenue of $1.03 billion, but missed Wall Street's expectations.
Published on: February 11, 2025, 12:06 PM UTC
Elliott Investment Management builds a $2.5B stake in Phillips 66; plans to push for midstream sale.
Published on: February 11, 2025, 12:04 PM UTC
Donald Trump's early actions as president include dramatic cuts in spending and a push for tax cuts. These policies aim to finance tax cuts, but face challenges due to concerns over the national debt. Trump's plans to reduce government spending through cost-cutting measures and tariffs face legal and congressional hurdles.
Published on: February 11, 2025, 12:03 PM UTC
DuPont raised its 2025 profit forecast and beat quarterly earnings estimates, driven by strong demand for electronics. The company's shares jumped 5% in premarket trading.
Published on: February 11, 2025, 12:00 PM UTC
Elon Musk appears to be helping dismantle the agency that would oversee his company's digital payments platform. The move has raised concerns about potential conflicts of interest and the impact on consumer protection.
Published on: February 11, 2025, 10:02 AM UTC
French luxury conglomerate Kering reports 12% decline in 4th quarter sales, driven by Gucci's weakness, with CEO Francois-Henri Pinault seeing signs of stabilization for gradual growth.
Published on: February 11, 2025, 07:00 AM UTC
OpenAI CEO Sam Altman has rejected a $97.4 billion offer from a group of investors led by Elon Musk to buy the non-profit company. The offer came as Altman seeks to turn OpenAI into a for-profit business, a move that Musk is suing to prevent. Legal experts say that OpenAI is required to receive fair market value for its assets.
Published on: February 11, 2025, 06:02 AM UTC