Tag Archives: CNBC

Airbnb shares rise on revenue beat, stronger-than-expected forecast

Shares of Airbnb rose in extended trading after the company reporter third-quarter results that beat revenue expectations.

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Take Two sinks 10% on delay of Grand Theft Auto VI to November 2026

GTA VI was initially set for a fall 2025 launch but has faced multiple delays.

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Sam Altman says OpenAI will top $20 billion in annualized revenue this year, hundreds of billions by 2030

OpenAI has inked more than $1.4 trillion of infrastructure deals, raising questions about how it will pay for those commitments.

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Apple’s AI roadmap looks brighter — plus, Costco delivers upbeat sales numbers

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

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Meta reportedly projected 10% of 2024 sales came from scam, fraud ads

Meta projected that about $16 billion in 2024 revenue came from running ads for scams and banned goods, according to a Thursday report from Reuters. 

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Trump AI czar Sacks says ‘no federal bailout for AI’ after OpenAI CFO’s comments

Sacks’ comments came after OpenAI CFO Sarah Friar mentioned a federal “backstop” during a conference.

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Microsoft forms superintelligence team under AI chief Suleyman ‘to serve humanity’

The MAI Superintelligence Team will pursue research for improving artificial intelligence companions, diagnosing diseases and generating renewable energy.

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Doordash stock drops 15%, heads for worst day ever on spending concerns

Doordash has already shelled out billions this year to buy restaurant booking platform SevenRooms and British delivery platform Deliveroo.

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Datadog’s stock soars 20% on revenue beat, strong forecast

Datadog has rolled out multiple artificial intelligence technologies as the AI boom boosts demand for cloud security.

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OpenAI CFO Sarah Friar says company isn’t seeking government backstop, clarifying prior comment

OpenAI CFO Sarah Friar said in a LinkedIn post that the artificial intelligence company is not seeking a government backstop for its infrastructure commitments.

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