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The Latest Breaking News from CNBC

Biden Administration Forgives $37M In Student Debt For University Of Phoenix Victims

FTC investigation leads to relief for borrowers as Biden's broader debt forgiveness plan faces hurdles.

Zenger

Another ‘cartel wife’ gets 3.5 years for hiding millions in drug money tied to El Chapo’s Sinaloa cartel

The feds pointed out the $2.3 million Valerie Gaytan stashed was generated “through the sale of thousands of kilograms of drugs in the United States ... that harmed individuals and communities in countless ways.”

Chicago Sun-Times

Palantir CEO Urges Tech Companies To Collaborate With Government On AI Initiatives

Alex Karp emphasizes the need for cooperation to mitigate risks and maintain global competitiveness.

Zenger

From analysis to the latest developments in health,
read the most diverse news in one place.

Jim Cramer calls Google/Broadcom report 'patently false'

Broadcom shares took a bath Thursday after a report called into question a $3 billion annual revenue stream for the company.

The Street

Neil DeGrasse Tyson shares an eye-opening take on recent alien findings

Apparent evidence of UFOs has been mounting.

The Street

Hollywood Studios, Writers Reportedly Near Deal To End Strike

Hollywood studios are near a deal to end the writers strike, CNBC reported Wednesday night. That would be good news for Netflix, Disney and others. But actors are on the picket line too.

Investors Business Daily

Musk and Tesla are the 'clear winners' of the Detroit auto strike. Analysts say Elon 'put champagne on ice' as he sees the ultimate EV victory

Analysts say Musk and Tesla are “clear winners” of the strike given the company’s non-union status that lets it continue to pump out cars while Detroit is shut down.

Fortune

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Detroit’s striking auto workers want a 36% pay hike, mostly to cover inflation. Morgan Stanley thinks automakers can afford it

Detroit’s striking auto workers would need a 30% pay hike just to cover inflation, making their demand for a 36% raise seem "fair," one analyst said.

Fortune

In El Chapo fallout, one of Chicago ‘cartel wives’ should get stiffer sentence than accomplices, feds say

They say Valerie Gaytan should get five years for laundering drug money from her husband Margarito Flores and his twin brother Pedro Flores, Chicago cocaine kingpins who helped convict the Sinaloa cartel boss. Her sister-in-law got 3½ years.

Chicago Sun-Times

Jim Cramer ‘Not Convinced’ Tesla’s Dojo Can Rival Nvidia As He Tears Into Morgan’s Stock Upgrade

Tesla, Inc. ran up over 10% on Monday after Morgan Stanley's Adam Jonas upgraded the stock and issued a Street-high price target.

Zenger

Elon Musk’s monopoly over the space race could ‘choke’ the sector if left unchecked, a Lazard investment banker has warned

"I think it’s a huge concern."

Fortune

How Elon Musk lost a friend over AI: Google co-founder Larry Page just 'refused to hang out' after the Tesla CEO stole his top worker

After Musk tried to sabotage Google’s acquisition of DeepMind, he poached one of Page’s most valuable scientists to OpenAI with a $1.9 million salary.

Fortune

Jim Cramer says this tech stock’s sell-off is an 'overreaction'

Cramer sees a buying opportunity in this business software firm after a mixed earnings report

The Street

‘We're in the first inning of the commercial real estate correction,’ billionaire real estate investor Jeff Greene says

Real estate tycoon Jeff Greene, who bet against the mid-2000s housing bubble and netted about $800 million, says the CRE correction has only just begun.

Fortune

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Fortune

Apple needs to bring the iPhone buzz back

Apple is expected to unveil several models of the iPhone 15, including two high-end iPhone Pros.

The Street

Sitting on cash? High interest rates could make this a solid investing strategy

'It's not all bad to be sitting on some cash,' investment expert Heather Ettinger says of the current market.

Zenger

Here’s How Much Money People Need Just To ‘Get By’ In Each US State Via Salary

The salary required to "get by" is vastly different depending on which state the people live in.

Fortune

Gen Z is dragging their feet going back to offices they've barely known, but (retired) Boomers can't wait

Fidelity & Guaranty looked into retirees’ mindset and found a whopping 44% of them want to go back to work.

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news in one place.

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The Guardian - US

Trump overstated net worth by up to $3.6bn, says New York attorney general

Ex-president’s net worth was exaggerated by between $1.9bn and $3.6bn between 2011 and 2021, court filing says

Fortune

Retail theft has gotten so bad Walmart will build a police station inside an Atlanta store

Crime is a $100 billion annual problem for retailers, with companies like Walmart warning it could lead to store closures if nothing is done.

The Independent UK

Disney boss Bob Iger refused to relinquish his office to successor as it had shower, claims report

Bob Iger told Bob Chapek that he lived for ‘two-shower days’

Zenger

UAW President Slams Ford, GM, Stellantis For Delay Tactics In Contract Talks, Raises Political Implications: ‘Our Members Are Fired Up’

The United Auto Workers (UAW) is currently engaged in high-stakes contract negotiations with Detroit’s major automakers, Ford Motor Co (NYSE:F) and Stellantis (NYSE:STLA)

The Street

Tom Brady has some more advice for Shedeur Sanders

Brady texted the team's star quarterback after the Buffaloes upset TCU in the teams' season opener.

Inverse

Polestar Is Making a Phone To Prove Its EVs Are Computers Too

The Swedish EV company will partner with the Chinese phone maker, Meizu, to release a smartphone alongside its Polestar 4 electric SUV in December.

The Street

Biden economic adviser says Bidenomics is working (but here's what isn't)

"It's not working — your message," CNBC host Joe Kernen said on Tuesday morning.

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