Microsoft said it doesn't comment on rumors or speculation after Cheddar News asked for a comment about a report that the tech giant was in talks for a $10 billion investment in OpenAi.
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Cheddar Afternoon News Briefings of May 9th
Cheddar Afternoon News Briefings
Tempur Sealy to Buy Mattress Firm in $4 Billion Deal
Tempur Sealy has agreed to acquire Mattress Firm in a cash-and-stock transaction valued at about $4 billion.
Report: Google Set to Unveil New AI Features at Developer Conference
According to a CNBC report, Google on Wednesday is planning to unveil a number of updates to its artificial intelligence products.
Stock Market Today: Wall Street Dips Amid Quiet Trading
Wall Street edged lower following some mixed earnings reports, as stocks remain roughly where they’ve been stuck for more than a month.
LinkedIn Axes 716 Jobs in Fresh Tech Cuts, Shuts China App
Professional networking platform LinkedIn says it's laying off more than 700 workers and shuttering its China jobs app, in the latest round of tech industry downsizing.
Surprise Loss From Tyson, Then a Surprise Cut to Its Cutlook
Tyson Foods suffered a surprise loss in the second quarter, something not since 2009, and cut its sales forecast due to the cost of plant closures and layoffs.
Cheddar Morning News Briefings of May 9th
Cheddar Morning News Briefings
The Day Ahead: Debt Ceiling Talks, Corporate Earnings
Cheddar News checks in on what to look for on The Day Ahead as President Joe Biden meets with House Speaker Kevin McCarthy to look to resolve the debt ceiling debate. Earnings are also slated to be reported from companies including Airbnb, AMC Networks, Electronic Arts and Nintendo.
Stretching Your Dollar: What Bank Failures Mean for Mortgage
A study on the U.S. banking system found nearly 190 banks are at risk of failure. Preston D. Cherry, founder and president of Concurrent Financial Planning, joined Cheddar News to explain the process if you have a mortgage with a bank that collapses.
