Author: Editor-In-Chief
Adobe announced Tuesday that it is introducing Firefly Image 5, the latest version of its image generation model. The company is also adding more features to the Firefly website, adding support for more third-party models and the ability to generate audio and soundtracks. Specifically, this update allows artists to use existing art to come up with their own image models. Image 5 models can now operate at native resolutions of up to 4 megapixels. This is a significant improvement over the previous generation model, which was able to produce images at 1 megapixel natively, but then upscaled to 4 megapixels.…
Private sector employers have added an average of 14,250 jobs per week over the past four weeks, a turnaround from negative numbers in September, according to new preliminary data released by ADP.Stepping into the gap caused by the government shutdown, ADP will now release its four-week average weekly employment change every Tuesday with a two-week lag. Today’s numbers are the average for the four weeks ending October 11th.”ADP’s near real-time weekly jobs report will provide a clearer picture of the labor market at this critical time for the economy… providing a dynamic view of job creation and loss with an…
Google CEO Sundar Pichai waves as he arrives to attend the Artificial Intelligence (AI) Action Summit at the Grand Palais in Paris, France, on February 11, 2025. Benoît Tessier | Reutersalphabet There are high hurdles to clear when announcing Wednesday’s financial results.The company’s stock price soared 38% in the third quarter, its best quarterly performance in 20 years. The rally continues, rising 11% so far in October and closing at a record high on Monday.With sales growth hovering in the low teens recently and expected to reach 12% next year, investors are recalibrating their expectations after witnessing rapid growth in…
US President Donald Trump on Monday refused to rule out running for a third term, despite the US Constitution limiting presidential terms to two four-year terms. He is currently serving his second term.”I would love to do that,” President Trump, 79, told reporters aboard Air Force One on his way to Japan during a week-long trip to Asia. “I have the best numbers ever.”Mr. Trump, the oldest U.S. president ever to hold office, on Monday was perhaps the most explicit of his repeated assertions that he may run for president again in 2028, when he is 82 years old.President Trump…
Venezuelan President Nicolas Maduro has accused the US government of “fabricating a new eternal war” against him, as the aircraft carrier USS Gerald R Ford inches towards the Venezuelan coast.The US deployment of the carrier – the world’s largest warship – follows 11 US strikes on boats in Venezuelan waters, which the US claims are trafficking drugs and are linked to the Tren de Aragua criminal gang.On Tuesday, Venezuela suspended a major gas deal with neighbouring Trinidad and Tobago, citing the island nation’s reception of the USS Gravely, another US warship.So far, the US has not produced any evidence that the…
The breakdown in Brendan Rodgers’ relationship with the Celtic board was brought to light with the sudden resignation of majority shareholder Dermot Desmond in an extraordinary statement.Rodgers was accused of misleading fans over contract negotiations and the club’s transfer business, claiming Desmond’s “divisive” behavior had “incited hostility” towards the board and management. Desmond said Celtic’s recent woes were due to “an individual’s desire for self-preservation”, with the Scottish champions already eight points behind league leaders Hearts, who missed out on Champions League qualification.Mr Desmond accused Mr Rodgers of “encouraging a toxic atmosphere” at Celtic amid fan protests calling for his…
The Grok AI logo will appear on your phone and the Wikipedia logo will appear in the background. Sopa Images | Light Rocket | Getty ImagesElon Musk launched an early version of an AI-powered encyclopedia called Grokipedia on Monday, but the website briefly crashed but came back online hours later. The new AI service, named after xAI’s large-scale language model Grok, is being touted by Musk as an improved, less biased version of the popular free web-based Wikipedia. of tesla SpaceX’s CEO announced last month that the company is working on a Wikipedia rival, following a proposal from fellow tech…
Amazon logo on the facade of a brick office building with windows, San Francisco, California, August 29, 2025.Smith Collection | Gad | Archive Photos | Getty ImagesThis is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five important things investors need to know to start their trading day.1. Amazon’s cullAmazon The company announced this morning that it will lay off 14,000 employees in its latest round of corporate cuts. CNBC’s Annie Palmer reported yesterday that the layoffs are expected to be the biggest in the company’s history. Nearly all businesses are expected to be…
Paypal announced Tuesday that it will enable users to pay for purchases directly within ChatGPT starting in 2026 using a protocol combined with OpenAI’s “instant checkout” feature. Paypal is powered by Agentic Commerce Protocol (ACP), an open source specification developed by OpenAI. This allows merchants to make their products available within AI apps, which in turn allows users to shop using AI agents. Meanwhile, OpenAI’s “Instant Checkout” feature, launched in September, allows users to review order, shipping, and payment details and complete purchases without leaving ChatGPT. Customers can use their Paypal wallet for checkout, the company said, enabling buyer and…
A cargo ship loads and unloads foreign trade containers at Qingdao Port in Qingdao City, Shandong Province, China, July 28, 2025.Photo | Future Publishing | Getty ImagesDespite the disruption, pressure and shock from trade tariffs introduced by the United States this year, global trade is not in ruins, the World Trade Organization (WTO) chief told CNBC on Tuesday.”Many people have the impression that global trade is collapsing because of unilateral actions by the United States. Yes, there has been a major disruption to global trade, the largest disruption to global trade in 80 years. But we are pleased to confirm…