Dara Khosrowshahi, CEO of Uber, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 18th, 2023. Adam Galica | CNBC Uber shares rose 5% in extended trading on Friday after the ride-hailing company was added to the S&P 500 Index, replacing Sealed Air Corp. The change will take place prior to the … Read more
Sam Altman, CEO of ChatGPT maker OpenAI, arrives for a bipartisan Artificial Intelligence (AI) Insight Forum for all U.S. senators hosted by Senate Majority Leader Chuck Schumer (D-NY) at the U.S. Capitol in Washington, U.S., September 13, 2023. Leah Millis | Reuters OpenAI’s unusual company structure weakened Sam Altman’s position as CEO and left him … Read more
People walk by the New York Stock Exchange (NYSE) on November 02, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter … Read more
Austan Goolsbee, president and chief executive officer of the Federal Reserve Bank of Chicago, during a Bloomberg Television interview at the Jackson Hole economic symposium in Moran, Wyoming, US, on Friday, Aug. 25, 2023. David Paul Morris | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. … Read more
CEO of Uber, Dara Khosrowshahi, speaks onstage during GE The Lean Mindset: The Pursuit Of Progress Event at Chelsea Industrial on September 06, 2023 in New York City. Ilya S. Savenok | Getty Images Entertainment | Getty Images Uber reported third-quarter results Tuesday that missed analysts’ expectations on the top and bottom lines but showed strength in … Read more
The Okta Inc. website on a laptop computer arranged in Dobbs Ferry, New York, U.S., on Sunday, Feb. 28, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images Okta has shed more than $2 billion from its market valuation since the company disclosed a hack of its support systems on Friday. The high-profile incident is the … Read more
Instacart, the grocery supply firm that slashed its valuation throughout final 12 months’s market slide, filed its paperwork to go public on Friday in what’s poised to be the primary vital venture-backed tech IPO since December 2021. The inventory will likely be listed on the Nasdaq underneath the ticker image “CART.” In its prospectus, the corporate … Read more
PIF (Public Funding Fund) Managing Director Yasir bin Othman Al-Rumayyan attends the Russian-Saudi Funding Discussion board held on the Ritz-Carlton Moscow Lodge. Sergei Bobylev | TASS through Getty Photos Saudi Arabia’s sovereign wealth fund, referred to as the Public Funding Fund or PIF, is an energetic participant in U.S. private and non-private markets. In contrast … Read more
Karl-Josef Hildenbrand | AFP | Getty Photos Automobile-sharing service Turo filed its IPO prospectus in January 2022. A month earlier, Reddit stated it submitted a draft registration for a public providing. Instacart’s confidential paperwork was filed in Could of final 12 months. None of them have hit the market but. Regardless of a bloated pipeline … Read more
Passengers trip in an electrical Jaguar I-PACE automotive outfitted with Waymo full self-driving expertise in Santa Monica, California, Feb. 21, 2023. Allen J. Schaben | Los Angeles Occasions | Getty Photographs Uber’s ride-hailing and supply providers will quickly be supplied by Waymo’s autonomous autos, not less than within the Phoenix, Arizona, metropolitan space. On Tuesday, … Read more