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The Latest Breaking News from CNBC

Jamie Dimon says the Fed has ‘lost a little bit of control’ on inflation and the economy is facing some ‘scary stuff’

The Fed’s path to bringing down inflation is still far from guaranteed.

Fortune

Norfolk Southern blames misinformation for its derailed response

As the spotlight on Norfolk Southern intensified, the company failed to adequately address the tough questions required to regain control of the narrative and reestablish trust.

Axios

Real estate slump hits home as Wells Fargo axes hundreds of mortgage bankers days after taking some on a California retreat

Several Wells Fargo mortgage bankers were at a retreat at Palm Desert just a few weeks ago. Now, many of them have lost their jobs.

Fortune

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Google is asking staff to share with a 'desk partner' but they have to agree on tidiness and decorations

The Big Tech company also wants to create "neighborhoods" of 200 to 300 employees to ensure a smooth transition to the new working environment.

Fortune

We're in danger of falling into 1970s-style inflation without aggressive interest rate hikes, according to a top Fed official

“If inflation doesn’t start to come down, you risk this replay of the 1970s... Let’s be sharp now, let’s get inflation under control,” St. Louis Fed President James Bullard told CNBC Wednesday.

Fortune

Everyone will have a personal ChatGPT-style assistant in the future, says world wide web inventor Tim Berners-Lee

He said the applications of the A.I. as an assistant "could be sweet."

Fortune

Warren Buffett’s long-time partner Charlie Munger says he’s ‘not proud of my country’ for allowing crypto to thrive, calling it ‘very dangerous’

Munger has previously criticized cryptocurrencies, which have plunged in value over the past year.

Fortune

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Renegade SEC Commissioner Wants To Save Crypto: Live With Hester Peirce, Nick Gillespie, and Zach Weissmueller

Join Reason on YouTube and Facebook on Thursday at 1 p.m. ET for a discussion of what the SEC's settlement with crypto giant Kraken means for the future of decentralized finance

Reason

Microsoft and Google are in a ‘Game of Thrones’ battle over A.I., Wedbush’s Dan Ives says

Tech companies are racing to figure out how to implement A.I. in their products, and it’s not just about search engines.

Fortune

'Father of the internet’ Vint Cerf tells investors to think before pouring money into A.I. bots like ChatGPT

Google evangelist Vint Cerf thinks investors should "be thoughtful" before pouring money into ChatGPT-like tools just because they are cool.

Fortune

Microsoft's demo of Bing AI also made factual errors

Tech leaders are increasingly warning that A.I. programs like ChatGPT and Google's Bard can give convincing, yet entirely incorrect, answers.

Fortune

Inflation may stick around for a decade because of millennial and Gen Z spending

Will young Americans' spending habits be what causes inflation to stick around longer?

Fortune

The SEC gives crypto a fresh scare

Recent enforcement actions constitute the clearest warning yet.

Axios

Tesla Stock Could Hit $1,500 A Share By 2030, Says Investor Ron Baron

Tesla stock is back on the rise after a miserable end of 2023. The EV maker cut prices and demand is high. It seems EVs are catching on and are here to stay.

InsideEVs

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The Independent UK

Biden says Chinese spy balloon was ‘not a major breach’ of national security after crucial evidence lost in ocean

The president says he wanted it to be shot as soon as possible

Fortune

Disney CEO Bob Iger says success made him ‘overconfident’ and dismissive of others. Now he wants to bring more ‘self-awareness’ to his second stint with the company

Iger recently returned to the helm of the entertainment giant.

Salon

Santos linked to bad checks to breeders

According to Santos, someone had stolen his checkbook

Salon

Dominion nails Fox News over fraud proof

Dominion's attorney took the company's complaints to a judge

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news in one place.

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Salon

Kids valentines are too damn competitive

Forget homemade or mere paper sentiments. Don't show your face in class unless your cards come with a bonus item

Fortune

Signs of life in the housing market could spell trouble

"All things being equal, that means we'd have to do more with our other tools," Minneapolis Fed President Neel Kashkari says.

Zenger

Look Out Google, Microsoft Is Coming For Search Share: Why Satya Nadella Says ‘I’ve Never Ever Felt This Liberated In Terms Of Opportunity’

Microsoft Corp (NASDAQ: MSFT) doubled down on its investment in OpenAI's ChatGPT last month, and among the many use cases, the tech giant has set its sights on arguably the most near-term AI opportunity

Fortune

Ford’s CEO is the new face of a more ‘efficient’ corporate America after getting candid and hinting at more layoffs: ‘It takes us 25% more engineers to do the same work’

CEOs are channeling their companies' economic woes into a push for greater efficiency.

Fortune

Morgan Stanley's chief strategist thinks investors are in for a bumpy ride after they realize there's no more Fed rate cut 'heroin'

“Once people realize the Fed’s not cutting rates—there’s no more heroin, so to speak—then we’re going to price the fundamentals, which are clearly deteriorating in our view,” Wilson told CNBC Tuesday.

Los Angeles Times

Jay Leno broke bones in a recent motorcycle accident — and now his 'Garage' is canceled

Jay Leno broke his collarbone and several other bones in a motorcycle accident last week, the comic revealed in an interview published Thursday night. The revelation comes less than two months after he suffered second-degree burns in a car fire in his Burbank garage — and at the same time…

Motor1

[UPDATE] Report: Jay Leno's Garage TV Series Cancelled

The network is allegedly changing its programming strategy during primetime. Leno's show doesn't fit with that plan.

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