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Tag: UBS Group AG

2024-12-03

Art Cashin, New York Stock Exchange fixture for decades, dies at age 83

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Business

Art Cashin, UBS’ director of floor operations at the New York Stock Exchange and a man The Washington Post called “Wall Street’s version of Walter Cronkite,” has died. He was 83 and had been a regular on CNBC for more than 25 years. In the intensely competitive and often vicious world of stock market commentary, Cashin was that rarest…

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2024-10-04

OpenAI gets $4 billion revolving credit line on top of latest funding

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Business

OpenAI has a $4 billion revolving line of credit, bringing its total liquidity to more than $10 billion, CNBC has learned. It follows news Wednesday that OpenAI closed its recent funding round at a valuation of $157 billion, including the $6.6 billion the company raised from an extensive roster of investment firms and big tech companies. JPMorgan Chase, Citi,…

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