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President Donald Trump said Wednesday that he is nearing the end of the search to replace Federal Reserve Chairman Jerome Powell, suggesting he has a candidate in mind.In an interview with CNBC at the World Economic Forum in Davos, Switzerland, the president said the search, which began in September and at one point included up to 11 candidates, is nearly complete.”I think we’re down to three, but we’re down to two. And all I can say is, in my mind, we’re probably down to one,” the president told CNBC’s Joe Kernen. Still, Trump declined to name the person.The list of…
US President Donald Trump has struggled to attract Western allies to his “peace commission,” but so far he has garnered support from a Middle Eastern monarch, the man known as Europe’s last dictator, and at least one leader wanted on war crimes charges. President Trump’s invitation to dozens of countries to join the council, which seeks to resolve global conflicts, has alarmed several U.S. allies, as has the U.S. leader’s statement that its authority “could” replace the United Nations. The board, which Mr. Trump will chair indefinitely, was originally conceived as a limited body tasked with overseeing the rebuilding of…
JPMorgan Chase CEO Jamie Dimon during the 2025 IIF Annual Membership Meeting in Washington, DC, October 16, 2025.Samuel Corum | Bloomberg | Getty ImagesJP Morgan Chase Chief Executive Officer Jamie Dimon said Wednesday that he disagrees with President Donald Trump’s approach to immigration, in a rare public rebuke for one of the president’s signature policies for a U.S. business leader. During a panel discussion at the World Economic Forum in Davos, Switzerland, Dimon initially praised President Trump’s move to secure the borders of the world’s largest economy. The number of illegal crossings at the US-Mexico border fell to its lowest…
Apple may be developing its own AI wearable, according to a report published Wednesday by The Information. The device is a pin that users can attach to their clothing and is equipped with two cameras and three microphones, according to the report. If the rumored devices hit the market, it would be another sign that the AI hardware market is heating up. The news follows comments made Monday by Chris Lehane, OpenAI’s chief international affairs officer, who told a Davos audience that the company will likely unveil its first long-awaited AI hardware device in the second half of this year.…
President Donald Trump on Wednesday reiterated his call for limits on single-family home purchases by large institutional investors, arguing that Wall Street companies are crowding out prospective home buyers.”Big corporations are buying up thousands of homes and renting them out and doing whatever,” Trump told CNBC’s Joe Kernen in an interview in Davos, Switzerland. “Some people are buying and selling for huge profits, and that’s too much. We want people to be able to buy homes.”President Trump’s comments come after he signed an executive order on Tuesday directing federal agencies to curb the activities of institutional investors in the single-family…
Honolulu AP — A former flight attendant who posed as a pilot and current airline employee allegedly tricked three U.S. airlines into giving away hundreds of free tickets over a four-year period, federal authorities say. But industry insiders are left wondering how he allegedly did it and why airlines didn’t notice sooner. Dallas Pokornik, 33, of Toronto, was arrested in Panama in October last year after being charged with wire fraud in federal court in Hawaii. He pleaded not guilty on Tuesday after being extradited to the United States. His federal public defender declined to discuss the case. According to…
Will Smith and Jada Pinkett Smith release rare joint statement on Willow Smith’s birthdayDespite their separation, Will Smith and Jada Pinkett Smith are still reeling from this. The Fresh Prince of Bel-Air alum and former Red Table Talk host reunited during Paris Fashion Week to support his 27-year-old son Jaden Smith, who unveiled his first collection as Christian Louboutin’s men’s creative director on January 21st. For the fashionable family event, Will wore a thick black coat and matching sweater and tweed windowpane plaid trousers. The 57-year-old completed his look with black boots and sunglasses. Jada, 54, also opted for a…
US President Donald Trump reacts as he leaves the conference hall during the World Economic Forum (WEF) annual meeting in Davos, January 21, 2026. Fabrice Coffrini | AFP | Getty ImagesPresident Donald Trump spoke with CNBC’s Joe Kernen on the sidelines of the World Economic Forum in Davos, Switzerland, on Wednesday. The conversation came just hours after Trump addressed foreign leaders and business executives at Davos, where he made headlines by announcing that he had “created the framework for a future agreement on Greenland,” insisting that the Danish island he claimed should belong to the United States.Here are the top…
AI detection startup GPTZero scanned all 4,841 papers accepted to the prestigious Neural Information Processing Systems Conference (NeurIPS) held in San Diego last month. The company discovered 100 hallucinatory citations across 51 papers and confirmed them to be fake, the company told TechCrunch. Having a paper accepted by NeurIPS is a resume-worthy accomplishment in the world of AI. Given that they are leading experts in AI research, one might assume that they would use LLM for the devastatingly boring task of writing citations. Therefore, this finding requires a lot of caution. The 100 identified hallucination citations across 51 papers are…
Sam Altmann, co-founder and CEO of OpenAI, participates in a panel discussion on artificial intelligence at the Technical University of Berlin on February 7, 2025 in Berlin, Germany. Axel Schmidt | ReutersOpenAI is in talks with a Middle East sovereign wealth fund to secure investment in a new multibillion-dollar funding round, CNBC confirmed Wednesday. The total value of the round is expected to be about $50 billion, but the numbers are subject to change and no term sheet has been signed, said a person familiar with the discussions, who requested anonymity because the details are confidential. Bloomberg first reported the…