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The Latest Breaking News from CNBC

Traders Echo Pope Leo's Warning That AI Could Trigger Mass Job Losses

Traders on Kalshi are giving a 60% chance that U.S. unemployment will cross 8% at some point before 2030 and a 47% chance that it will cross 9% during the same period, largely as a result of AI implementation.

International Business Times

SpaceX-Tesla Merger Talk Intensifies Ahead of Rocket Company's Nasdaq Debut

Elon Musk is about to take SpaceX public, and the move is reigniting speculation across Silicon Valley and Wall Street that his long-term goal may be to combine the company and Tesla into a single corporate empire.

International Business Times

Goldman Sachs Lifts S&P 500 Target As Earnings Growth Continues To Drive Wall Street Rally

The S&P 500's rally this year has been driven largely by corporate earnings growth rather than expanding valuations, prompting Goldman Sachs to raise its year-end target for the benchmark index as Wall Street continues to post record highs.

International Business Times

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ECB Warns Risk Of Market Correction Rising As Stocks Hit Record Highs

Fresh warnings from top European policymakers come as global stocks continue climbing despite mounting geopolitical and economic risks.

International Business Times

Wall Street Isn't Loving Ferrari's First EV

Investors are clearly not excited about the Luce's radical design.

Motor1

'xAI Is Half The Age Of Anthropic, OpenAI Is Four Times Older': Elon Musk Dares Critics To Wait 3 Years

Elon Musk believes his company's AI model will be great and urged critics to wait three years to see where things stand relative to rival models.

International Business Times UK

Why Are MAGA Republicans Turning on Donald Trump Over Iran?

Donald Trump faces growing criticism within the Republican Party over negotiations with Iran, with divisions emerging over whether to maintain pressure on Tehran or pursue a diplomatic resolution, a split that could shape US foreign policy and regional security.

International Business Times UK

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SpaceX's next-gen rocket is the key to its sky-high valuation, early investor says: 'Starship also enables all kinds of frontier markets'

SpaceX’s launch business gives it "access to orbit," said Space Capital CEO Chad Anderson.

Fortune

Warren Buffett sits on $400 bn cash as Michael Burry warns of AI bubble. Is a massive market crash coming?

Berkshire Hathaway holds nearly $400 billion in cash. Michael Burry warns of an AI bubble, citing similarities to the Dotcom crash. The AI boom is reshaping global markets. South Korea's Kospi and Taiwan's stock market have seen significant gains, surpassing established Western exchanges. This shift highlights a new global market…

The Economic Times

'I think those people are dead wrong': Jeff Bezos slams AI naysayers, plays down job fears for young workers, and defends billionaires and Trump

Amazon founder Jeff Bezos unsurprisingly thinks billionaires are doing a good job, and AI is pretty swell too.

TechRadar

Spotify aiming for a 'ChatGPT moment' in music and India is central to the plan

Spotify is embracing artificial intelligence to become a personalised audio platform. The company is developing AI playlists, conversational listening, and interactive audio experiences. This move aims to differentiate Spotify in a competitive streaming market. India is highlighted as a key growth market for Spotify's AI ambitions and subscriber base expansion.

The Economic Times

Elon Musk agrees with what Jeff Bezos says on charity: 'If I do my job right...'

Amazon founder Jeff Bezos, in his interview with CNBC, said his businesses do more good to the society than his charity works. Elon Musk seemed to have agreed with that. "If I do my job right, the value to society and civilization from my for-profit companies will be much, much…

The Times of India

Nvidia Delivered a Stellar Quarter. Its Unusual Options Activity Points to 2 Asymmetric Bets on NVDA Stock.

Nvidia reported strong Q1 2027 results, beating revenue and earnings estimates and raising 2027 guidance. Unusual options activity ahead of the release signaled potential asymmetric risk-reward setups, offering investors two notable trading opportunities.

Barchart

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

Billionaire Amazon founder, Jeff Bezos, says the bottom 50% of Americans should pay no federal income tax—and he plans to pitch the idea to President Trump.

Fortune

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International Business Times UK

Donald Trump Sparks High-Stakes Financial Mockery After Allegedly Confusing an AI Firm for a Sushi Restaurant in Up to £3.76 Million ($5M) Deal

President Trump's unexpected investment in Kura Sushi USA has sparked speculation and market reactions, highlighting potential mix-ups and broader concerns about his financial activities.

International Business Times

Walmart Warns Of Pressure On Shoppers As High Gas Prices Weigh On Spending

The retail giant posted strong quarterly sales growth but issued a weaker-than-expected guidance as fuel costs and economic worries strain consumers.

International Business Times UK

Jeff Bezos Says AI Will 'Elevate' Workers — Despite Amazon's 30,000 Job Cuts Amid $100 Billion AI Push

Jeff Bezos argues that AI will elevate workers rather than replace them, despite Amazon's recent layoffs. Opinions remain divided on AI's long-term impact on employment.

The Economic Times

Jeff Bezos, world's 4th richest man, couldn't stop talking about a nurse in Queens earning $75,000. Here's why

Amazon founder Jeff Bezos, also the world's fourth richest man, argued that low-income earners in the US should pay no taxes, citing a nurse earning $75,000 as an example. He described the US economy as split between those thriving and those struggling with inflation and rising costs, questioning the tax…

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International Business Times UK

'Taxing the Rich Won't Help': Jeff Bezos Defends the Ultra-Wealthy Amid Tax Debate — Zohran Mamdani Hits Back

Jeff Bezos told CNBC that the bottom half of US earners should pay zero income tax and dismissed wealth taxes. NYC Mayor Zohran Mamdani fired back.

The Economic Times

OpenAI IPO coming soon? ChatGPT-maker likely to confidentially file draft papers for world’s biggest-ever IPO tomorrow

Sam Altman-led OpenAI is reportedly preparing to confidentially file draft papers for its IPO as early as Friday, according to CNBC, in what could become one of the biggest public listings ever. The ChatGPT-maker, valued at over $850 billion by private investors, is said to be working with Goldman Sachs…

International Business Times UK

Billionaire Jeff Bezos Says Bottom 50% Should Pay Zero Income Tax – And He'll Push Trump On It

Jeff Bezos proposes eliminating federal income tax for the bottom 50% of US earners, arguing it would provide relief without major fiscal disruption. The proposal has sparked debate and mixed reactions

International Business Times UK

Jeff Bezos Calls for a Total Federal Income Tax Exemption to Lift the Burden Off Struggling American Workers

Jeff Bezos proposes exempting low-earning Americans from income tax, arguing their contributions are minimal. His stance sparks debate with New York politicians over economic inequality and taxation policies.

Pedestrian.tv

Jeff Bezos Just Cried Foul Over A Billionaire Tax & The Internet Is Sharpening Its Guillotine

“The French had a solution for this.”

The Economic Times

NVDA stock price: Nvidia earnings beat expectations again but why did NVDA stock slip after hours? Here's what you need to know

Nvidia reported strong quarterly earnings, revenue growth, and an optimistic forecast, alongside an $80 billion share repurchase plan and increased dividend. Despite these positive results, NVDA stock dipped as investors focused on escalating competition in the AI chip market and future growth prospects.

International Business Times

China Confirms Order For 200 Boeing Aircraft As Aviation Ties With U.S. Reopen After Years Of Trade Strain

China has confirmed a 200-aircraft Boeing order, signaling a restart in large-scale aviation trade between the world's two largest economies following years of limited aircraft purchases.

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