OpenAI bags $250 million after raising $1 billion from Microsoft

Sam Altman, co-founder and CEO of OpenAI Inc., speaks during TechCrunch Disrupt 2019 in San Francisco, California on Thursday, October 3, 2019. David Pablo Morris | Mayor Bloomberg | fake images OpenAI, the Microsoft-backed artificial intelligence lab that competes with Alphabet’s DeepMind and Meta AI, says it has raised $250 million from investors. Sam Altman, … Read more

Kremlin responds to Blinken letter as Putin’s next step is watched

Russian President Vladimir Putin delivers speeches at the plenary session of the Valdai Discussion Club, on October 21, 2021 in Sochi, Russia. Mikhail Svetlov | Getty Images News | Getty Images The Kremlin has responded to US security proposals delivered personally to Moscow on Wednesday, saying Russian positions were not taken into account. Although President … Read more

McDonald’s, Blackstone, Netflix and others

Check out the companies making headlines before the bell: Comcast (CMCSA) — Parent company NBCUniversal and CNBC earned 77 adjusted cents per share for the fourth quarter, 4 cents above estimates, with revenue also higher than analysts’ expectations. Comcast also announced an 8% dividend increase and an increase in its stock buyback program to $10 … Read more

McDonald’s (MCD) Q4 2021 earnings miss estimates

Signage outside a McDonald’s Corp. fast food restaurant in Louisville, Kentucky, US, on Friday, Oct. 22, 2021. Luke Sharrett | Bloomberg | Getty Images McDonald’s on Thursday reported quarterly earnings and revenue that missed analysts’ expectations as higher costs weighed on its profits. It marks the fourth earnings miss for the company in eight quarters. … Read more

Treasury yields are mixed following Fed decision

US Treasury yields were mixed on Thursday morning, as investors continued to digest the Federal Reserve’s latest policy update. The yield on the benchmark 10-year Treasury note rose by less than basis point to 1.8495% at 3:45 am ET. The yield on the 30-year Treasury bond fell by 2 basis points to 2.1413%. Yields move … Read more

Lowe’s will open mini Petco shops inside some stores

Lowe’s is opening Petco shops inside of some of its stores as part of a pilot program. It plans to open the first one in Texas in February. Source: Petco Lowe’s will soon test a new offering: A Petco shop inside its stores where customers can buy dog ​​food and cat litter, even visit with … Read more

Germany’s offer to send 5,000 helmets to Ukraine provokes outrage

Soldiers who were among several hundred that took up positions around a Ukrainian military base stand near the base’s periphery in Crimea on March 2, 2014 in Perevalne, Ukraine. Sean Gallup | Getty Images Germany has provoked outrage in some quarters after it offered to supply 5,000 military helmets to Ukraine to help defend against … Read more

Deutsche Bank earnings Q4 2021

LONDON — Deutsche Bank on Thursday defed market expectations to post a profit for the fourth quarter of 2021, as investment bank revenues rose. The German lender said profit attributable to shareholders came in at 145 million euro ($162.7 million) for the final three months of the year — a sixth consecutive quarter of profit … Read more

IMF sees potential for further market turbulence as central banks hike rates

The International Monetary Fund has warned of more turmoil ahead for financial markets, particularly as governments around the world shift into recovery mode. Moves by central banks to tighten monetary policy and curb rising inflation could push riskier stocks deep into the red even as policymakers pledge a smooth transition, Tobias Adrian of the International … Read more

How Russia invaded Ukraine in 2014. And how the markets tanked

Russian President Vladimir Putin (C) listens to the head of the main combat preparation department of the Russian army, Ivan Buvaltsev (R), as he watches military exercises at the Kirillovsky hearth in the Leningrad region, on March 3, 2014, with Defense Minister Sergei Shoigu (L) present. Mikhail Klimentiev | AFP | Getty Images Warnings of … Read more