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The Latest Breaking News from CNBC

Americans are spending less on luxury items but this market still shines

Luxury jewelry spending is on the rise despite an overall dip in spending across all luxury items

The Independent UK

'I Will Never Work Again': What Retirees Who Gave Up Work Completely Say About Life Now

More retirees are staying busy — but not everyone is working. Many retirees choose to stay connected to work, even if only part-time. Whether it's substitute teaching, freelancing, or picking up a fun side gig, plenty of retirees say they enjoy having a reason to get out of the house…

Benzinga

Amazon CEO Andy Jassy: AI will mean fewer jobs and we've already cut 27,000 people from Amazon’s workforce

“I think that AI and generative AI specifically is the most transformative technology of our lifetime, which is saying a lot, given that we have had the internet,” he told CNBC.

Fortune

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On The 'Front Line' Of China's AI Ambitions: OpenAI Flags Zhipu AI As Rising Rival Backed By $1.4B State Funding

Zhipu AI, founded in 2019, is one of China's so‑called "AI tigers" and a rising player in large language models aimed at reducing dependence on U.S. platforms, CNBC reports.

Benzinga

Cramer Backs This Mining Giant After $1.6B Bet

On CNBC's “Mad Money Lightning Round,” Jim Cramer said Rio Tinto (NYSE:RIO) has a big yield and recommended buying the stock. “I believe in the minerals. I think you're fine,” he added.

Benzinga

MercadoLibre, Applied Materials And A Healthcare Stock On CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Jim Lebenthal at Cerity Partners named Applied Materials, Inc. (NASDAQ:AMAT) as his final trade.

Benzinga

Turnaround King–This "Burned Out" Morgan Stanley Executive Bought A Failing Snack Business For $250K And Just Sold It For $750 Million

Charles Coristine thrived in pressure-packed environments when Morgan Stanley (NYSE: MS) hired him as a trader in the early 1990s. Twenty years later, he was suffering from severe burnout. He tried everything from meditation to enrolling in graduate school, but nothing seemed to cure his frustration. Then, he took a…

Benzinga

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Cramer Praises Monster Beverage As 'Smoking Hot,' Warns Investors About This AI Stock

On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying Okta, Inc. (NASDAQ:OKTA), saying he wants to own more Okta.

Benzinga

Meta, KKR, Lululemon And An Industrial Stock On CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Bryn Talkington, managing partner of Requisite Capital Management, said KKR Co. Inc. (NYSE:KKR) is in big-time fundraising mode. The stock will go higher, she added.

Benzinga

How This 50-Year-Old Built A Side Hustle Paying Over $100K Per Month For Working 1 Day Per Week

People of a certain age may remember their mother, grandmother, or aunt spending countless hours sewing quilts, which remains a popular hobby. You might even be into quilting yourself, but did you ever imagine that you could turn that passion into a business that earns over $100,000 per month? 50-year-old…

Benzinga

Big Banks Pass Fed's 2025 Stress Test With Ease—But Some Say It Was Too Easy

The Federal Reserve announced on Friday that all 22 of the nation’s largest banks successfully passed its 2025 stress test, maintaining adequate capital buffers even under a hypothetical recession scenario. However, analysts noted that this year’s exam was less demanding than previous iterations, CNBC reports.

Benzinga

Warren Buffett Would Probably Still 'Literally Throw Up' When Speaking In Front Of Crowds If He Didn't Take This $100 College Course

Legendary Investor Warren Buffett had an extreme fear of public speaking in his younger days. If it weren’t for a $100 college course he took when he was 20 years old, the “Oracle of Omaha” might have shorted his own success.

Benzinga

Germany Warns Apple, Google on DeepSeek App Over Privacy Breaches Tied to China

Germany urges Apple and Google to review or remove DeepSeek app over illegal user data transfers to China, citing EU privacy violations.

International Business Times

Wall Street shivers over ‘hot commie summer’ after Mamdani’s success

New York’s financial elite compare the city to crime-riddled Gotham after democratic socialist bests Cuomo in Democratic mayoral primary

The Guardian - US

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Motor1

Ram Could Start Making Passenger Vans

After just seven months in retirement, Tim Kuniskis came back to run the Ram brand, and already he's left a mark. He confirmed the brand is working on a new mid-size pickup to arrive in 2027, delayed the all-electric Rev pickup, reintroduced the Hemi V-8 for its half-ton truck, introduced…

Benzinga

Jim Cramer Just Revealed 1 Oil Stock He Actually Wants To Own

On CNBC's “Mad Money Lightning Round,” Jim Cramer said he likes Marathon Petroleum Corporation (NYSE:MPC) “very, very much,” adding that it is one of the few stocks in that group that he actually wants to own.

Benzinga

Think You'll Make $100K Right Out Of College? In These 10 Fields, You Might Be Right

New graduates expect to have a starting, pre-tax income of $101,500, according to a report from ZipRecruiter. Meanwhile, the average starting, pre-tax salary for first-year workers is $68,400.

The Independent UK

CNBC’s Joe Kernen likens Mamdani win to Bane’s Wall Street purge from The Dark Knight Rises

News anchor Joe Kernen has said that New York City could become like Gotham in Christopher Nolan’s Batman trilogy after Democratic socialist Zohran Mamdani’s shocking victory in the city’s Democratic mayoral primary.

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The Independent UK

Trump Mobile removes ‘made in the USA’ tag from its gold smartphone as critics question price tag

Gold smartphone retails for approximately $499, a relatively cheap price point for a US-made device

The Independent UK

Ikea plans to cut prices in food courts and offer free kids meals amid cost-of-living crisis

The deals come as ‘consumer confidence’ in Ikea has decreased

Latin Times

Capitol Police Zip-Tied Elderly Wheelchair Users During Protest Over Medicaid Cuts

Thirty-four demonstrators were arrested for "illegally demonstrating" inside a federal building during a die-in protest against proposed Medicaid cuts.

Benzinga

NASA Denied Peter Beck An Internship 20 Years Ago So He Drew A Logo On A Napkin And Launched Rocket Lab — Now It's A $15B Company

In 2006, a young rocket enthusiast from New Zealand traveled to the United States to show off his experiments to NASA. He was hoping to walk away with an internship, but he was instead escorted off the premises.

Benzinga

Jim Cramer 'Worried' About Workday, Calls Applied Digital 'A Good Spec'

On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended staying away from Workday, Inc. (NASDAQ:WDAY). “I'm worried. There's a lot of companies coming for Workday, and I don't like that,” he added.

Benzinga

AMD, Taiwan Semiconductor And A Financial Stock On CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Odyssey Capital Advisors’ Chief Investment Officer Jason Snipe said he likes Advanced Micro Devices, Inc. (NASDAQ:AMD). NVIDIA Corporation (NASDAQ:NVDA), he says, is not the only game in town.

Benzinga

JPMorgan, Morgan Stanley, KKR And A Tech Stock On CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, said JPMorgan Chase Co. (NYSE:JPM) surged to a new all-time high on Tuesday.

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