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The Latest Breaking News from CNBC

AI Memory Startup Engram Raises $98 Million As It Seeks To Slash Token Costs

AI memory startup Engram has raised $98 million from a powerhouse group of investors as it seeks to reduce the cost of tokens.

International Business Times

Magnificent 7 Selloff Is a Buying Opportunity as AI Spending Boom Continues, Strategist Says

The Magnificent 7, which consists of Apple, Microsoft, Nvidia, Amazon, Meta, Alphabet and Tesla, remains the dominant force in U.S. equities. A strategist said the recent selloff is a new opportunity to buy them.

International Business Times

SpaceX Drops Below IPO Price As Stock Falls For Fourth Day In a Row

SpaceX shares fell below the company's IPO price of $150 as a wider rout in tech stocks continues.

International Business Times

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South Korea's KOSPI Index Falls 10% Amid Signals That Tech Raly Could Be Overheated

South Korea's KOSPI index dropped 10% on Tuesday amid signals that the rally in the tech sector could have become overheated.

International Business Times

Musk vs Khanna Feud Escalates: Musk Calls for Arrest Over Insider Trading as Khanna Seeks TV Debate on DOGE Cuts

The controversy between Elon Musk and Representative Ro Khanna focuses on allegations of insider trading and the impact of USAID cuts.

International Business Times UK

S&P 500, Nasdaq Fall As Chipmakers Struggle; Dow Jones Climbs

The S&P 500 and the Nasdaq Composite fell on Monday, dragged by chipmakers.

International Business Times

Republicans Outpace Democrats In Crypto Adoption As Political Divide Emerges In U.S. Market

Men under 50 continue to dominate cryptocurrency trading, with gender differences proving wider than the partisan split.

International Business Times

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Lucid Motors layoffs 2026: EV maker slashes jobs ahead of SUV launch - why is Lucid laying off employees, how many jobs are being cut and which roles are impacted?

Lucid Motors layoffs 2026 explained: EV maker Lucid Motors is undergoing significant workforce reductions, cutting approximately 18% of its global staff, around 1,500 employees. This move, coupled with the elimination of a production shift, signals a strategic reshaping under new CEO Silvio Napoli.

The Economic Times

10X Bigger Than Amazon: Jeff Bezos Breaks Silence on His Secretive New $70 Trillion AI Venture

Jeff Bezos' new venture, Prometheus, aims to revolutionise manufacturing by using AI to speed up product development, targeting a $70 trillion market.

International Business Times UK

US Seniors Could Lose Half Their Social Security Cheques Under Tougher Overpayment Clawback Rules

The Social Security Administration's policy changes on overpayment recovery, now set at a 50% withholding rate, affect millions of retirees and disabled beneficiaries, causing financial strain and uncertainty.

International Business Times UK

Why odds of SpaceX merger with Tesla keep climbing every time the stock shoots up

But a giant leap for Tesla shareholders could be a rotten move for SpaceX investors.

Fortune

SpaceX IPO Creates New Billionaires As Elon Musk's Stake Tops $1 Trillion

SpaceX shares remain above their IPO price despite losing ground after a record-setting debut week.

International Business Times

Oil Tanker Traffic Through Strait Of Hormuz Climbs After US-Iran Deal Reopens Key Shipping Route

Iranian oil tankers that went dark during the conflict have resumed transmitting their locations as crude exports begin moving again.

International Business Times

Trump Says He Has To Keep Netanyahu 'A Little Bit Sane' As Tensions Surface Over Lebanon Fighting

The remarks came weeks after Trump acknowledged calling Benjamin Netanyahu "crazy" during a heated conversation over Israeli operations in Lebanon.

International Business Times

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The Economic Times

US Stock Market: Accenture’s AI transformation faces investor skepticism as stock plunges; CEO Julie Sweet remains confident

Accenture's shares plunged nearly 20% after its fiscal third-quarter results revealed weaker-than-expected bookings and a softer outlook. CEO Julie Sweet insists the current phase reflects a multi-year AI-driven transformation, not structural weakness, as clients move from AI pilots to large-scale deployment.

International Business Times UK

'Godfather of AI' Says xAI Can't Compete with OpenAI and Anthropic, Calls It a 'Failure'

Yann LeCun criticises Elon Musk's xAI as a 'failure' unable to compete with OpenAI or Anthropic, and warns of a looming AI industry 'bubble explosion'.

International Business Times

Amazon Says Commercially Useful Quantum Computers Are Moving Closer To Becoming a Reality

Amazon has now offered its clearest public timeline yet on when quantum technology could begin delivering practical business applications.

International Business Times

OPEC Chief Rejects IEA's Oil Glut Warning as Strait of Hormuz Reopens

OPEC Secretary General Haitham Al Ghais has pushed back against forecasts from the International Energy Agency (IEA) that the global oil market is headed toward a major supply glut.

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Barchart

Michael Burry Skips SpaceX Short Bet Over Expensive Options Pricing

Michael Burry passed on betting against SpaceX stock, citing pricey options. Here is what the "Big Short" investor said about the company's near-$3 trillion valuation.

The Economic Times

Silicon Valley chiefs discuss gigawatts & guardrails at G7

Here’s everything you need to know about what was discussed at Wednesday’s working lunch among tech executives and global leaders.

International Business Times

Stocks Drop After Fed Officials Anticipate Potential Rate Hike This Year

Stocks tumbled on Wednesday as Federal Reserve policymakers said they expect to hike interest rates once this year.

Fortune

‘AI is going to create a labor shortage’: Jeff Bezos sees more jobs being created in the new economy, not less

The Amazon founder bets AI will create a labor shortage, not a doomsday, as he debuts Prometheus, his $41 billion startup reengineering the physical world.

International Business Times UK

SpaceX's $60 Billion Cursor Deal Comes With a Twist: It Didn't Spend a Dollar in Cash

Elon Musk's SpaceX acquires AI coding startup Cursor for £44.7 billion in an all-stock deal, riding its post-IPO share surge. This move boosts SpaceX's AI capabilities and market position.

Fortune

SpaceX just surpassed Amazon’s market cap, overtaking the 31-year-old company on day three of public trading

Elon Musk has made more money today than Warren Buffett has made in his entire career.

International Business Times

Qualcomm CEO Says AI Agents Will Replace Apps As The Next Computing Platform

Qualcomm is developing more than 40 artificial intelligence-powered device designs spanning multiple wearable categories, according to CEO Cristiano Amon.

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