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☆ Palantir shares fall 7% on lower-than-expected guidance
▼ + stars: | 2024-05-06 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Palantir shares fell around 7% in extended trading on Monday after the defense tech firm reported weaker-than-expected guidance. Palantir expects second-quarter revenue to fall between $649 million to $653 million, versus the $653 million expected by LSEG. Palantir reported $105.5 million in net income for the quarter, or 4 cents per share, compared with $16.8 million, or 1 cent per share, in the year-ago quarter. Earlier this year, Palantir signed a $178 million contract with the U.S. Army to help develop a next-generation, field-deployable sensor station. Karp said Palantir conducted more than 660 bootcamps during the first quarter.

Persons: Alex Karp, Palantir, Karp Organizations: Russell Senate, LSEG, U.S . Army Locations: Washington ,

☆ TikTok creators fear for their livelihoods after U.S. lawmakers pass bill that could lead to ban
▼ + stars: | 2024-04-24 | by ( Zach Vallese | ) www.cnbc.com time to read: +7 min

"TikTok allows small businesses and creators to find their people in their community," Nichols told CNBC, ahead of the bill's signing. watch nowNichols joined a number of other TikTok creators in traveling to the Capitol to oppose a potential ban. TikTok creators and influencers, living far out of the realm of politics, have a very different concern. Tony Youn, a plastic surgeon with 8.4 million TikTok followers, said finding a big audience is difficult. WATCH: Senator Markwayne Mullin talks passage of Tiktok ban

Persons: Craig Hudson, Ophelia Nichols, Nichols, Biden, TikTok didn't, Shou Zi Chew, TikTok, Markwayne Mullin, CNBC's, Mullin, they'll, Zi Chew, Sen, John Fetterman, Anna Moneymaker, livestreams, Adam Mosseri, Tony Youn, Youn Organizations: Foreign, Capitol, Washington , D.C, CNBC, Oxford, TikTok, America Survey, Lawmakers, Communist Party, Russell Senate, ByteDance, Getty, YouTube, Meta, Facebook Locations: Washington , U.S, Alabama, Washington ,, Israel, Ukraine, Taiwan, It's, American, U.S, TikTok, United States

☆ NTSB rips Boeing for failing to produce key door plug documents
▼ + stars: | 2024-03-06 | by ( Gregory Wallace | Pete Muntean | ) edition.cnn.com time to read: +2 min

CNN —Boeing has not turned over important records to investigators probing the door plug blowout on a 737 Max earlier this year, investigators say. She testified that because of Boeing’s actions, NTSB investigators do not know who on the Boeing assembly line removed and reinstalled the door plug that – months later while the plane was in service carrying passengers – blew out. Homendy said that Boeing has not fully cooperated with the NTSB Board's investigation into Alaska Airlines Flight 1282 door plug incident. The plane flew about 150 commercial flights before the door plug flew off the plane mid-flight on January 5, just over two months ago. NTSB investigators have made multiple visits to Boeing facilities and created a special team to handle requesting and processing documents from Boeing and its key contractor, Spirit AeroSystems.

Persons: Jennifer Homendy, Homendy, Kevin Dietsch, ” Homendy Organizations: CNN, Boeing, Transportation, Commerce, U.S . National Transportation Safety Board, Senate Commerce, Science, Russell Senate, NTSB, Alaska Airlines, Getty, Federal Aviation Administration Locations: Renton, Washington ,

☆ AI could disrupt the 2024 US presidential election. What’s Congress doing about it?
▼ + stars: | 2024-02-14 | by ( Brian Fung | ) edition.cnn.com time to read: +11 min

But with just nine months until Americans head to the ballot box, there are few signs Congress is ready to pass any meaningful legislation on AI. Alex Wong/Getty ImagesSchumer has previously said that with the election nearing, he may seek to fast-track a bill that focuses specifically on AI and election security. Nothing looks likely to move.”Initial momentum on AI regulationFor months, Congress has focused on getting up to speed on the basics of AI. Still other ideas would require “high-risk” AI models to register for a government license, or create a dedicated new federal agency to oversee AI. OpenAI CEO Sam Altman testifies before a Senate Judiciary Privacy, Technology & the Law Subcommittee hearing titled 'Oversight of A.I.

Persons: Joe Biden, Chuck Schumer, Bill Gates, Mark Zuckerberg, Elon Musk, “, Schumer, Sen, Todd Young, Martin Heinrich, Michael Rounds, Alex Wong, New Mexico Democratic Sen, South Dakota Republican Sen, Mike Rounds, Indiana Republican Sen, didn’t, Paul Gallant, Cowen, ”, Gallant, we’re, Sam Altman, Altman, Heinrich, Rounds, Young, Julia Nikhinson, Sundar Pichai, Jensen Huang, Mike Johnson, Marcus Molinaro, Johnson, Drake, Tom Hanks, Tennessee Republican Sen, Marsha Blackburn, Hakeem Jeffries, Don Beyer, it’ll, Alan Davidson, Biden, Elizabeth Frantz, ” Davidson, —, Sarah Myers West Organizations: Washington CNN, mayoral, U.S, Senate, Capitol, Artificial Intelligence, “, CNN, New, New Mexico Democratic, South Dakota Republican, Indiana Republican, Cowen Inc, United, International Atomic Energy Agency, Intelligence, Reuters, Google, Nvidia, New York Republican, The Washington Post, Commerce, Tennessee Republican, ITI, Virginia Democratic Rep, State of, Republican, House Energy, European Union, EU, Congress, Commerce Department, White House, Privacy, Technology, Democrats, Federal Trade Commission Locations: Washington ,, New Mexico, South, Washington , U.S, Washington

☆ OpenAI rival Hugging Face says it's seeing more client interest after Sam Altman fiasco
▼ + stars: | 2023-11-28 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

Hugging Face CEO Clement Delangue (R) departs the closed-door "AI Insight Forum" outside the Kennedy Caucus Room in the Russell Senate Office Building on Capitol Hill on September 13, 2023 in Washington, DC. Artificial intelligence startup Hugging Face says it's seeing increased interest from potential customers following the chaos at rival OpenAI. "I think a lot of companies, organizations now are kind of wondering about the risk about outsourcing their AI to just one AI provider," Hugging Face CEO Clément Delangue said Tuesday on a call with reporters. Multiple companies told CNBC they'd considered switching from OpenAI to competitors' services as the confusion swelled inside the company. OpenAI has a unique structure in that the parent entity is a nonprofit, with a so-called capped-profit company underneath that umbrella.

Persons: Clement Delangue, Clément Delangue, Sam Altman, Josh Gartner, Gartner, CNBC they'd, Aidan Gomez, Martin Kon, OpenAI, Altman, Cohere, it's, Google's Bard, OpenAI's ChatGPT Organizations: Russell Senate, Companies, CNBC, Google, Nvidia, Salesforce, AMD, Intel, IBM, Qualcomm, Anthropic, Google's Locations: Russell, Washington ,, Toronto, OpenAI, New York, China

☆ U.S. Senate panel sends three FTC nominations to full Senate
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

Federal Trade Commissioner Rebecca Slaughter testifies on the "Oversight of the Federal Trade Commission" before the U.S. Senate Consumer Protection, Product Safety, Insurance and Data Security Subcommittee in the Russell Senate Office Building in Washington, U.S., November 27, 2018. REUTERS/Leah Millis/File Photo Acquire Licensing RightsWASHINGTON, Oct 18 (Reuters) - The U.S. Senate Commerce Committee voted on Wednesday to send three nominations for the U.S. Federal Trade Commission to the full Senate. THE TAKEIf confirmed by the Senate, as expected, adding the two Republicans will not change the balance of power at the five-member FTC, which also enforces antitrust law. A previous Republican FTC commissioner, Christine Wilson, quit this year and sharply criticized agency leadership. Reporting by Diane Bartz; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Rebecca Slaughter, Leah Millis, Andrew Ferguson, Melissa Holyoak, Lina Khan, Christine Wilson, Diane Bartz, Jonathan Oatis Organizations: Federal, Federal Trade Commission, U.S . Senate Consumer Protection, Safety, Insurance, Data, Russell Senate, REUTERS, Rights, U.S, Senate, U.S . Federal Trade Commission, Democrat, FTC, Democratic, Amazon.com, Albertsons, Republican, Thomson Locations: Russell, Washington , U.S, Virginia, Utah

☆ 45 U.S. House Republicans seek to prevent another speaker ouster
▼ + stars: | 2023-10-06 | by ( David Morgan | ) www.reuters.com time to read: +2 min

The U.S. Capitol dome is seen from the Russell Senate Office Building on Capitol Hill in Washington, U.S., April 19, 2023. Many of the signatories have already called for changing a rule that allows a single lawmaker to force a vote to remove the speaker. "We got all kinds of across-the-board support, and we're just going to keep working," he said on CNN. Representative Matt Gaetz, who led the effort to unseat McCarthy, now faces calls for his expulsion from the party conference. Reporting by David Morgan and Susan Heavey; Editing by Andy Sullivan and Howard GollerOur Standards: The Thomson Reuters Trust Principles.

Persons: Sarah Silbiger, Kevin McCarthy, McCarthy, Steve Scalise, Jim Jordan, Biden, Donald Trump, Kevin Hern, Jordan, we're, Matt Gaetz, David Morgan, Susan Heavey, Andy Sullivan, Howard Goller Organizations: U.S, Russell Senate, REUTERS, Rights, ., Republicans, CNN, Democratic, Thomson Locations: Russell, Washington , U.S

☆ 45 US House Republicans seek to prevent another speaker ouster
▼ + stars: | 2023-10-06 | by ( David Morgan | ) www.reuters.com time to read: +3 min

WASHINGTON, Oct 6 (Reuters) - Forty-five allies of former U.S. House Speaker Kevin McCarthy are calling on their Republican colleagues for "fundamental changes" that would make it more difficult for a small faction to oust whoever may take his place. Many of the signatories have already called for changing a rule that allows a single lawmaker to force a vote to remove the speaker. Republicans are scheduled to vote for a nominee in a closed-door session on Wednesday, though it make take a while for them to settle on a candidate. House Republicans, it's time for you to do your job," Biden said at the White House. Representative Matt Gaetz, who led the effort to unseat McCarthy, now faces calls for his expulsion from the party conference.

Persons: Kevin McCarthy, McCarthy, Steve Scalise, Jim Jordan, Biden, Donald Trump, Sarah Silbiger, Kevin Hern, Jordan, we're, Joe Biden, Matt Gaetz, David Morgan, Susan Heavey, Doina Chiacu, Andy Sullivan, Howard Goller, Nick Zieminski Organizations: ., The U.S, Russell Senate, REUTERS, CNN, House Republicans, White, Democratic, Thomson Locations: Russell, Washington , U.S

☆ Intel plans to IPO programmable chip unit within three years; stock rises after hours
▼ + stars: | 2023-10-03 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Intel said it will treat its programmable chip unit as as a standalone business, with an aim to spin it out through an IPO in the next two to three years. Intel's Programmable Solutions Group will have its own balance sheet as it heads toward independence. The move also highlights the strong demand in the semiconductor industry for field programmable gate arrays, or FPGAs. Intel's FPGAs are sold under the Agilex brand. Intel doesn't break out PSG sales yet, but said in July that the unit had three record quarters in a row, offsetting a slump in server chip sales.

Persons: Pat Gelsinger, Sandra Rivera, Patrick Gelsinger, Gelsinger Organizations: Intel Corporation, Senate Commerce, Science, Innovation, Russell, Intel, Programmable Solutions, Center, PSG, Taiwan Semiconductor Manufacturing, Lattice Semiconductor, AMD, Intel's Data Locations: Mobileye

☆ US poor face economic hit as shutdown, childcare cliff, student loans converge
▼ + stars: | 2023-09-29 | by ( Andrea Shalal | ) www.reuters.com time to read: +6 min

A separate benefits program, Supplemental Nutrition Assistance Program (SNAP), will continue as normal for the month of October but could be affected afterward, officials say. U.S. officals say Small Business Administration loans may be delayed and up to 10,000 children could lose access to Head Start, the federal program for preschool children from low-income families. The AFL-CIO estimates that more than 3 million children will lose access to quality childcare and thousands of providers will be forced to close, lay off childcare workers or reduce slots for children. STUDENT LOAN DEBT REPAYMENTSA three-year moratorium on student loan repayments ends on Oct. 1 after the U.S. Supreme Court in June blocked the Biden administration's plan to cancel $430 billion in student loan debt for 43 million borrowers. Student loan repayment resumption "will be more challenging for the lowest-income groups," Bank of America said in a recent research report, because they saved less during the moratorium than higher-income groups.

Persons: Sarah Silbiger, Joe Biden, Biden, Patty Murray, Rosa DeLauro, Liz Pagel, Andrea Shalal, Heather Timmons, Timothy Gardner Organizations: U.S, Russell Senate, REUTERS, Rights, Republican, American Federation of Government Employees, SNAP, Women, Assistance, Democratic, AFL, Century Foundation, Supreme, Student, Protection, Bank of America, Thomson Locations: Russell, Washington , U.S, TransUnion

The U.S. Capitol dome is seen from the Russell Senate Office Building on Capitol Hill in Washington, U.S., April 19, 2023. REUTERS/Sarah Silbiger/file Photo Acquire Licensing RightsWASHINGTON, Sept 5 (Reuters) - The Democratic and Republican leaders of the U.S. Senate expressed support for continued assistance for Ukraine on Tuesday, as lawmakers returned to Washington facing a tight deadline for passing spending bills. And this month we'll have the chance to do that with supplemental appropriations for urgent national security and disaster relief priorities," Republican leader Mitch McConnell said. Biden's request for Ukraine aid comes as lawmakers face an Oct. 1 deadline to pass at least a short-term spending bill or face an embarrassing government shutdown. Reporting by Patricia Zengerle, additional reporting by Katharine Jackson; editing by Grant McCoolOur Standards: The Thomson Reuters Trust Principles.

Persons: Sarah Silbiger, Joe Biden, Chuck Schumer, Mitch McConnell, Jake Sullivan, Sullivan, they've, Donald Trump, Patricia Zengerle, Katharine Jackson, Grant McCool Organizations: U.S, Russell Senate, REUTERS, Rights, Democratic, Republican, Senate, Ukraine, White, Kyiv, Thomson Locations: Russell, Washington , U.S, Washington, Ukraine

☆ Capitol Police issue shelter-in-place order at Senate office buildings
▼ + stars: | 2023-08-02 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Police and emergency personnel stand near the Russell Senate Office Building in Washington, DC, on August 2, 2023, after unconfirmed reports of an active shooter in the building near the US Capitol. Police in Washington, D.C., said Wednesday that a report of an active shooter at a Senate office building "appears to be a bad call." U.S. Capitol Police Chief Thomas Manger at a press conference later Wednesday seemed to agree. The U.S. Capitol Police issued a shelter-in-place order before 3 p.m. for people inside Senate office buildings while its officers responded to a report of a possible active shooter. The USCP had tweeted that its officers were searching in and around those buildings "in response to a concerning 911 call."

Persons: Thomas Manger, USCP Organizations: Russell Senate, Capitol . Police, Washington , D.C, Metropolitan Police Department, CNBC, U.S . Capitol Police Locations: Russell, Washington ,

☆ Intel jumps 6% as it returns to profitability after two quarters of losses
▼ + stars: | 2023-07-27 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Intel reported second-quarter earnings on Thursday, including a return to profitability after two straight quarters of losses, and a stronger-than-expected forecast. Here's how Intel did versus Refinitiv consensus expectations for the quarter ending July 1:Earnings per share : $0.13, adjusted. That may not compare with the 3 cents loss per share expected by Refinitiv. That may not compare with the 3 cents loss per share expected by Refinitiv. In the first quarter, Intel posted its largest loss ever as the PC and server markets slumped and demand declined for Intel's central processors.

Persons: Pat Gelsinger, David Zinsner, TSMC Organizations: Intel Corporation, Senate Commerce, Science, Innovation, Russell, Intel, Refinitiv, Refinitiv ., Revenue, Data Center

[1/2] The U.S. Capitol dome is seen from the Russell Senate Office Building on Capitol Hill in Washington, U.S., April 19, 2023. Despite the consensus on lowering inflation, the Fed is also reaching a point where opinions about the need for and timing of additional interest rate increases may start to diverge. In large part that job has fallen to the Fed, but it is a central bank of Biden's making. If the current crop of nominees is approved five of seven board members would be Biden appointees. The Fed under Powell has raised interest rates faster than at any time since former Fed Chair Paul Volcker's inflation fights of the 1970s and 1980s.

Persons: Sarah Silbiger WASHINGTON, Jerome Powell, haven't, Democrat Joe Biden, Donald Trump, Philip Jefferson, Lisa Cook, Adriana Kugler, Powell, Biden, Preston Mui, Mui, Paul, Howard Schneider, Jason Lange, Dan Burns, Andrea Ricci Organizations: U.S, Russell Senate, REUTERS, . Federal, Democrat, Republican, Federal, of Governors, World Bank, Fed, Financial, America, Reuters, Biden, Trump, Black Americans, Thomson Locations: Russell, Washington , U.S, U.S, Biden's

☆ Ethics panel admonishes Graham for soliciting campaign donations during interview in Senate building
▼ + stars: | 2023-03-24 | by ( Ryan Nobles | Zoë Richards | ) www.cnbc.com time to read: +2 min

The Senate Ethics Committee said Thursday that Sen. Lindsey Graham, R-S.C., violated Senate rules during a Fox News appearance last year when he requested donations for Hershel Walker's Senate campaign in Georgia. It is against Senate rules to seek campaign donations in a federal building. In its letter, the ethics panel issued an "admonishment" but opted not to sanction Graham. The panel also said Graham was a repeat offender, noting that he had asked for donations in an impromptu media interview in the Dirksen Senate Office Building in October 2020. "In response to a reporter's question regarding your reelection campaign fundraising, you directly solicited campaign contributions for your campaign committee," Coons and Lankford wrote.

☆ Intel stock tumbles over 10% after brutal results
▼ + stars: | 2023-01-27 | by ( Rohan Goswami | ) www.cnbc.com time to read: +1 min

Pat Gelsinger, CEO, of Intel Corporation, testifies during the Senate Commerce, Science, and Transportation hearing on semiconductors titled Developing Next Generation Technology for Innovation, in Russell Senate Office Building on Wednesday, March 23, 2022. Intel shares continued to slide on Friday, falling 10% in premarket trading, after the company reported dismal quarterly and full-year results. The chipmaker's tepid quarterly numbers, with a 32% year-over-year revenue decline and a net loss of $664 million for the fourth quarter of 2022, took both analysts and investors by surprise. Analysts did not mince words, cutting price targets almost across the board. Rosenblatt maintained its sell rating for Intel and lowered its price target from $20 to $17.

☆ Intel shares drop on weak quarterly results and expectations for another quarter of losses
▼ + stars: | 2023-01-26 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

Here's how the company did:Earnings: 10 cents per share, adjusted, vs. 20 cents per share as expected by analysts, according to Refinitiv. 10 cents per share, adjusted, vs. 20 cents per share as expected by analysts, according to Refinitiv. Revenue: $14.04 billion, vs. $14.45 billion as expected by analysts, according to Refinitiv. Intel's revenue declined 32% year over year in the quarter that ended Dec. 31, according to a statement. Intel called for adjusted net loss of 15 cents per share on $10.5 billion to $11.5 billion in revenue.

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