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Citigroup says about 20,000 employees will be let go over the “medium term.” | CNBC
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Citigroup says about 20,000 employees will be let go over the “…
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Asked about Netflix’s matching rights, Netflix co-CEO Ted Sarandos declined to comment on how high the company would push its own offer, which currently stands at $27.75 per share, all-cash for Warner Bros. Discovery's streaming and studio assets. “I don’t want to get into the hypotheticals,” he told CNBC's Julia Boorstin. “Let them make a move, and then we’ll see where the next step takes us.” cnb.cx/4tHDrCi | CNBC
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Real estate investor Barry Sternlicht discusses the impact AI will have on the job market saying, "I think we have to let people go." Sign up for the CNBC Property Play newsletter to find more from the interview: cnb.cx/4kLfxS3 | CNBC
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President Donald Trump called Senator Elizabeth Warren on Monday to work together on capping interest rates on credit cards. “He said he wanted to work on that, I said, ‘Great, let’s get something done,’” Warren, the Senate Banking Committee ranking member, said Wednesday on CNBC. The president called Warren after she gave a speech at the National Press Club, where she laid out a strategy for Democrats to win back majorities in the House and Senate in the 2026 midterms. Read more: cnb.cx/49VdFT2
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Microsoft co-founder Bill Gates told CNBC on Tuesday that AI is the "biggest technical thing ever" in his lifetime and its influence is hard to overstate. Asked if he thinks AI is a bubble, Gates said "there are a ton of investments that will be dead ends...but if you want to be a tech company, you don't get to say no, let's check out of this race," noting similarities to the internet bubble. Watch more: cnb.cx/47Jsyqt | CNBC
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