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Monthly Archives: November 2022

Trump announces 2024 presidential campaign in a bid to seize early momentum

WASHINGTON — Former President Donald Trump announced Tuesday night that he was running for president in 2024. “We are a nation in decline. We are a failing nation for millions of Americans,” Trump said in a speech at his Florida private club, speaking about President Joe Biden’s first two years …

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Jim Cramer says there’s a ‘real possibility’ the Fed can engineer a soft landing

CNBC’s Jim Cramer on Tuesday said that he believes the Federal Reserve could manage to tamp down inflation without throwing the economy into a recession. “If we can see the end of the purchasing spree … it’s a huge positive for stocks. It helps that we’ve finally worked out the …

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Amazon starts cutting jobs in Alexa unit and cloud gaming division

Andy Jassy, chief executive officer of Amazon.Com Inc., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon on Tuesday began laying off employees in its corporate and tech workforce as CEO Andy Jassy steps up efforts to …

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Charts suggest the market could rally through mid-December

CNBC’s Jim Cramer on Tuesday said that the market’s current rally could last through the middle of next month, leaning on charts analysis from Jessica Inskip, OptionsPlay’s director of education and product. “The charts, as interpreted by Jessica Inskip, suggest that this rally could potentially have real legs, at least …

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How Sam Bankman-Fried’s FTX-Alameda empire vanished overnight

Samuel Bankman-Fried’s poster in downtown San Francisco. MacKenzie Sigalos | CNBC The Kimchi Swap put Sam Bankman-Fried on the map. The year was 2017, and the ex-Jane Street Capital quant trader noticed something funny when he looked at the page on CoinMarketCap.com listing the price of bitcoin on exchanges around …

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Robotics supply chain company Attabotics raises $71 million

Attabotics’ all-in-one automated fulfillment system is condensed into a single vertical structure, using robotic shuttles to pick goods and then deliver to workers. Attabotics, a 3-D robotics supply chain company, has raised $71.7 million in new funding to continue its push into automatizing warehouses. The Series C round, led by …

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Ford says making its own parts for electric vehicles could offset job losses

Ford CEO Jim Farley (left) with Michael Wayland / CNBC DETROIT – Ford Motor is attempting to build as many of its own parts as possible for its electric vehicles to offset an expected 40% reduction in workers needed to build such cars and trucks, CEO Jim Farley said Tuesday. …

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Microsoft will update sexual harassment policy after ArentFox report

Microsoft CEO Satya Nadella gestures during a session at the World Economic Forum annual meeting in Davos on May 24, 2022. Fabrice Coffrini | AFP | Getty Images Microsoft on Tuesday said it would update sexual harassment and gender discrimination policies after a third-party report showed shortcomings in how the …

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Beyoncé and Jay-Z are tied for the most noms of all time

The nominees for the 2023 GRAMMY Awards were released Tuesday, and Beyoncé is leading the pack with nine nominations. The 41-year-old received eight nominations — including Song of the Year and Record of the Year — for her recently-released album “Renaissance”, as well as an additional nomination for “Be Alive”, the …

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Microsoft, Meta, others face rising drought risk to their data centers

Drought conditions are worsening in the U.S., and that is having an outsized impact on the real estate that houses the internet. Data centers generate massive amounts of heat through their servers because of the enormous amount of power they use. Water is the cheapest and most common method used …

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