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The Latest Breaking News from CNBC

Cuban's AI Prediction, IBM's Rise, Musk's New Hire And More: This Week In AI

As we wrap up another eventful week, the tech world continues to buzz with exciting news and predictions. From Mark Cuban‘s bold forecast about the future of AI to IBM‘s surprising performance, there’s plenty to catch up on. Let’s dive into the top stories that caught our attention over the weekend.

Benzinga

Bill Gates Says This 'Very Bad Habit' Nearly Derailed His Career

Billionaire Bill Gates is worth $175 billion today and helped transform the tech industry by co-founding Microsoft. Things could have looked a lot different if Gates didn't fix a bad habit along the way.While an undergraduate student at Harvard University, Gates has a bad habit of procrastinating. “I liked to…

Benzinga

Big Beautiful Bill Delivers Relief: Social Security Tax Cut Ushers in a New Era for Seniors - What You Should Know

Trump's One Big Beautiful Bill frees 88% of seniors from Social Security taxes, boosting retirement savings.

International Business Times UK

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GOP Congressman Mocked for Supporting 'Big, Beautiful Bill' After Trump Promised to 'Use Things to Make the Bill Better': 'Sellout'

South Carolina Sen. Ralph Norman praised President Donald Trump for doing a "masterful job" outlining improvements to the now-passed bill.

Latin Times

Honeywell, Caterpillar, Freeport-McMoRan And A Health Care Stock On CNBC's 'Final Trades'

As Wall Street looks ahead to the July 4 holiday weekend, a wave of optimism ripples through the trading floor, with seasoned investors poised to capitalize on emerging opportunities.

Benzinga

'Not FANG. Not Magnificent Seven. Just M-N-Ms:' Jim Cramer Floats New Tech Acronym For These Stocks That Outpaced Peers

CNBC commentator Jim Cramer pointed out that three tech behemoths, Microsoft (NASDAQ:MSFT), Nvidia (NASDAQ:NVDA) and Meta (NASDAQ:META), have closed the first half of the year at record highs, surpassing their ‘Magnificent Seven’ counterparts.

Benzinga

Meet Smartex: The AI Startup Funded By Amazon And iPod Inventor Tony Fadell That's Stopping 1M Kilograms Of Textile Waste Before It Happens

Smartex, a Portuguese startup founded in 2018, is using artificial intelligence to eliminate textile waste before it happens, capturing the attention of major investors including Amazon (NASDAQ:AMZN), HM Group, and Tony Fadell, inventor of the iPod and Nest thermostat, CNBC reports.

Benzinga

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Jim Cramer Gives Utilities Stock 'A Week,' Says DOGE 'Not Done Clobbering' Booz Allen

On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended waiting “a week” for Oklo Inc. (NYSE:OKLO) and then taking a look at the nuclear technology company.

Benzinga

Amazon, Chipotle, Citigroup And A Credit Card Stock On CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, said Mark Mahaney took his target on Amazon.com, Inc. (NASDAQ:AMZN) to $280. “I think he is going to be right,” he added.

Benzinga

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

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

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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

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.

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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.

International Business Times

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.

The Guardian - US

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

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.

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