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The Latest Breaking News from CNBC

Nvidia Expands Photonics Push With Billions In New AI Infrastructure Investments

Nvidia has committed at least $6.5 billion in investments tied to photonics and optical networking companies since March, widening its effort to address one of the biggest infrastructure constraints facing the AI industry.

International Business Times · May 29

Why can't Trump add his name to the Kennedy Center or close it for renovations? Here's what Judge Christopher Cooper said

Kennedy Center ruling explained: A federal judge has blocked President Donald Trump from renaming the Kennedy Center to the Trump Kennedy Center. The judge ruled that only Congress has the authority to change the cultural institution's name. Plans to close the Kennedy Center for renovations were also temporarily halted.

The Economic Times · May 29

Traders Betting On a Quick Resolution Of The Iran War Could Be Badly Burned, Report Warns

Analysts say the conflict involving Iran and the United States has added a persistent risk premium to oil markets amid continued instability in the Middle East.

International Business Times · May 28

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Dell lands $9.7 billion Pentagon deal months after Trump-linked donation

Dell has secured a significant $9.7 billion, five-year technology agreement with the US Department of War for military software and cloud services. This deal, awarded after a competitive bidding process, is expected to streamline licensing and save the Pentagon approximately $422 million annually. The contract follows substantial philanthropic contributions from…

The Economic Times · May 28

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 · May 27

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 · May 27

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 · May 27

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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 · May 27

Wall Street Isn't Loving Ferrari's First EV

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

Motor1 · May 27

'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 · May 27

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 · May 25

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 · May 24

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 · May 24

'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 · May 22

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The Economic Times · May 22

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 Times of India · May 21

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…

Barchart · May 21

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.

Fortune · May 21

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.

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International Business Times UK · May 21

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 · May 21

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 · May 21

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 · May 21

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…

International Business Times UK · May 21

'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 · May 21

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 · May 21

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

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