Federal Reserve Chair Jerome Powell discusses the economic impact of advancements in AI technology. Find more: cnb.cx/4jlbLOc
CNBC
Broadcast Media Production and Distribution
Englewood Cliffs, NJ 2,963,112 followers
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Welcome to CNBC's home on LinkedIn! Follow us for regular updates about financial news, top CNBC.com stories, behind-the-scenes moments and more. CNBC, Inc. provides business news in the United States and Canada. It provides real-time financial market coverage and business information. The company, through its Web site, cnbc.com, provides real-time market analysis; video programming daily; industry and topic-specific blogs; cnbc.com live stream, a long-form scheduled programming of events; charts; and investing tools. The company was founded in 1989 and is headquartered in Englewood Cliffs, New Jersey. CNBC, Inc. operates as a subsidiary of NBC Universal, Inc.
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Updates
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Nvidia revealed in a filing Tuesday that it will take a $5.5 billion charge tied to exporting its H20 graphics processing units to China. cnb.cx/3Yu4LWv
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We may find ourselves in the challenging scenario in which our dual-mandate goals are in tension,” Federal Reserve Chair Jerome Powell said in prepared remarks before the Economic Club of Chicago. “If that were to occur, we would consider how far the economy is from each goal, and the potentially different time horizons over which those respective gaps would be anticipated to close.” Find more: cnb.cx/4jlbLOc
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Fed Chair Jerome Powell said Wednesday that the central bank could find itself in a dilemma between controlling inflation and supporting economic growth. cnb.cx/4jlbLOc
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Federal Reserve Chair Jerome Powell discusses concerns about the federal debt during an interview at The Economic Club of Chicago. Read more: cnb.cx/4jlbLOc
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OpenAI is in talks to pay about $3 billion to acquire Windsurf, an artificial intelligence tool for coding help, CNBC has confirmed. Windsurf, formerly known as Codeium, competes with Cursor, another popular AI coding tool, as well as existing AI coding features from companies like Microsoft, Anthropic and OpenAI itself. Bloomberg was first to report on the potential deal, which CNBC confirmed with a person familiar with the matter who asked to remain anonymous since the talks are ongoing.