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Microsoft drops its observer seat on OpenAI board
Jaap Arriens | Nurphoto | Getty ImagesMicrosoft said that it would give up its observer seat on the OpenAI board amid regulatory scrutiny into generative artificial intelligence in Europe and the U.S.Microsoft's Deputy General Counsel…
Fed’s Powell says high rates could hurt growth
Traders work on the floor of the New York Stock Exchange on April 26, 2023 in New York City. Michael M. Santiago | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings…
Investment banker who quit to become a YouTuber made over $1 million
Nischa Shah was an investment banker for a decade, before becoming a full-time content creator.Nischa ShahPersonal finance YouTuber Nischa Shah quit her six-figure investment banking job to become a full-time content creator — and it was…
Samsung Electronics workers declare a second strike in South Korea
Members of the National Samsung Electronics Union stage a rally as they begin a three-day general strike outside the company's foundry and semiconductor factory in Hwaseong on July 8, 2024.Jung Yeon-je | Afp | Getty ImagesWorkers at…
Shein wants to build supply chain giant, some fear China cyber spying
Workers producing garments at a textile factory that supplies clothes to fast fashion e-commerce company Shein in Guangzhou in southern China's Guangdong province. Jade Gao | Afp | Getty ImagesThe rise of Asian fast fashion retailer…
China’s inflation numbers miss expectations, rising 0.2% in June
Consumers are shopping at a supermarket in Qingzhou, China, on June 12, 2024. Nurphoto | Nurphoto | Getty ImagesBEIJING — China's consumer price inflation rose by 0.2% in June from a year ago, missing expectations, while producer prices…
Powell inflation, China CPI, PPI; Japan CGPI
Customers at a fresh food market in Shanghai, China, on Monday, Aug. 7, 2023.Bloomberg | Bloomberg | Getty ImagesAsia-Pacific markets started Wednesday largely lower, even as key Wall Street benchmarks rose following dovish comments from…
Chinese ETF inflows jump 5-fold in three years, says Morningstar
China customs officers raising a Chinese flag during a rehearsal for a flag-raising ceremony in Shanghai.Qilai Shen | Bloomberg | Getty ImagesChinese exchange-traded funds saw a "staggering" growth in the last five years, with inflows…
Biden announces NATO aid for Ukraine, as reelection campaign teeters
U.S. President Joe Biden speaks at a NATO event to commemorate the 75th anniversary of the alliance, in Washington, U.S., July 9, 2024.Yves Herman | ReutersPresident Joe Biden announced new commitments to help Ukraine bolster its air…
Suspected carjacker shot by home of Supreme Court Justice Sonia Sotomayor
Supreme Court Justice Sonia Sotomayor speaks during a service for retired Supreme Court Justice Sandra Day O'Connor in the Great Hall at the Supreme Court in Washington, D.C., on Dec. 18, 2023.Jacquelyn Martin | Getty ImagesA deputy U.S.…