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The Latest Breaking News from CNBC

Not a 'Zombie Company': Scale AI's CFO Says People 'Mischaracterize' Deal That Sparked Founder Joining Meta, Boasts Misunderstood Trajectory

The artificial intelligence industry was sent into a tailspin in June when Meta announced a staggering $14.3 billion investment in Scale AI. The deal, widely seen as an elaborate scheme to hire the startup’s founder Alexandr Wang and key personnel, CNBC reported, left observers questioning whether the company could survive.

Benzinga

Boomers Can Sell Their Businesses More Lucratively Thanks To Trump's New Tax Law

Small business owners preparing to exit their companies in the coming years could save millions in taxes under provisions of President Donald Trump‘s One Big Beautiful Bill Act, which was enacted in July.

Benzinga

'We Could Be Looking At A True Inflection Point For Cannabis,' Optimism Surges Among Investors Thanks To The 'Trump Effect'

There have been some signals over the last several months that President Donald Trump may be considering a more permissive stance on cannabis. This potential for change at the federal level, dubbed "the Trump effect," has produced new levels of optimism among cannabis investors, CNBC reports.

Benzinga

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A Bitcoin-Backed Mortgage? This Proposal May Become 'An Innovative Path To Wealth Building'

Bitcoin (CRYPTO: BTC) became the centerpiece of two major policy moves in Washington as Senate leaders struck a bipartisan deal to reopen the U.S. government and the Trump administration advanced a proposal to allow cryptocurrency to be listed as mortgage collateral.

Benzinga

Undersea comms cable investments double to $13 billion in over two years — ever-growing danger of cable cuts looms

$13 billion in two years towards undersea data cables

Tom’s Hardware

Jim Cramer Says AI Bulls Want OpenAI To Keep Spending — But Worry It Can't: We Are Hearing About 'Cracks'

OpenAI's aggressive push to dominate the artificial intelligence landscape may be showing signs of strain, according to CNBC's Jim Cramer, who warned that the company's massive spending spree could test even the strongest bulls in the AI trade.

Benzinga

Meta, Marathon Petroleum, Exxon Mobil And An Industrial Stock On CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, said Joby Aviation, Inc. (NYSE:JOBY) is in a pullback.

Benzinga

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5 Expensive Items Everyone Should Sell Before Retiring

A good thing to prioritize, given that, according to CNBC, Americans are more worried about running out of money in retirement than dying.

GOBankingRates

American Airlines CEO says the government shutdown is impacting holiday travel bookings: 'Nobody wants to put up with hassle'

American Airlines canceled more than 200 of its 6,200 scheduled flights on Friday as air traffic reductions began.

Fortune

Palantir CEO Alex Karp Blasts Short Sellers Again As Stock Drops 11% This Week, Deems It 'Market Manipulation'

Palantir Technologies Inc. (NYSE:PLTR) stock fell more than 11% this week, even as the software company reported better-than-expected quarterly results, prompting CEO Alex Karp to criticize those betting against the stock, calling it “market manipulation.”

Benzinga

How Much Money Would Every American Get If Mark Cuban Distributed All of His Major Stock Holdings Equally?

Here are Cuban's holdings in publicly traded companies and how much each person in the country would receive if they were divided equally.

GOBankingRates

Eli Lilly, Novo Nordisk Make Weight-Loss Drugs More Affordable Via Medicare, Medicaid, TrumpRx

President Donald Trump on Thursday announced agreements with Eli Lilly and Co. (NYSE:LLY) and Novo Nordisk A/S (NYSE:NVO) to significantly reduce prices for their GLP-1-based obesity and diabetes drugs.

Benzinga

4 Common Money Tips That Are Keeping You Broke, According to Self-Made Millionaire

A self-made millionaire reveals four popular money tips that could be holding you back financially—and what to do instead to build real wealth.

GOBankingRates

Goldman Sachs, Morgan Stanley CEOs Predict 10-20% Market Correction Over Next 2 Years: 'Not Driven By...Macro Cliff'

Goldman Sachs and Morgan Stanley have issued a warning about a potential market correction. The CEOs of both firms have advised investors to prepare for a downturn within the next two years.

Benzinga

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Benzinga

Jim Cramer Says Forget CoreWeave As He Reverses On IREN, Nebius: Past Doubts 'Don't Matter,' Amid 'That Much Demand'

In a significant shift from previous sentiment, CNBC host Jim Cramer has declared that his past doubts regarding AI infrastructure providers IREN Ltd. (NASDAQ:IREN) and Nebius Group NV (NASDAQ:NBIS) are now irrelevant, citing the “demand” in the booming artificial intelligence sector.

Apple Intelligence could soon be powered by Google... and others

Apple has admitted it intends to "integrate with more people over time", when it comes to third-party AI tools

InsideEVs

Tesla's Future Rides On Elon Musk's $1 Trillion Payday—One Way Or Another

Plus, it's a season of mixed results for Chinese automakers like BYD and Xpeng, and the world may get relief from the Nexperia chip shortage.

Benzinga

Warren Buffett Opens Up About The Biggest Investing Blunders Of His Career — Here They Are

Warren Buffett, the legendary CEO of Berkshire Hathaway Inc. (NYSE:BRK), is widely regarded as one of the greatest investors in history. Despite his unmatched record of success, Buffett has never shied away from acknowledging his missteps, often turning them into lessons for investors worldwide.

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news in one place.

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Benzinga

Here's How One Guy Earns $6.5 Million As A Used Clothing Reseller

One man's trash is another's treasure, but for clothing reseller Rick Senko, ‘trash' happens to be $6.5 million. That's how much he made in 2024 by finding great deals in a Fort Lauderdale, Florida, flea market, and he told "CNBC Make It" that he expects to make more money this…

Benzinga

Kevin O'Leary Admits He's Had 'Some Catastrophic Failures,' But Says 'You Only Need One Win, And You Set Yourself Free'

Kevin O'Leary might be worth hundreds of millions today, but the investor and “Shark Tank” star says his success was built on some serious setbacks.

Benzinga

'It's A Reality Of Where We Are,' 71% Of Adults Say Debt Is Keeping Them From Building Wealth

Consumer debt has been steadily growing over the last decade, and now an overwhelming majority of Americans say that their debt is keeping them from meeting their personal financial goals.

Benzinga

'Take No Shame In Asking For Stuff,' Two Former Magazine Editors Share Their Best Advice For Surviving Layoffs

Laura Brown and Kristina O'Neill were both in their dream positions, Brown as the editor-in-chief of InStyle and O'Neill as editor-in-chief of WSJ Magazine, when they were fired in 2022 and 2023. The experience was difficult for both of them, they told CNBC.

Benzinga

Pete Hegseth Condemns China's 'Destabilizing Actions' In South China Sea, Pledges US Support To Southeast Asian Allies: Reports

Pentagon chief Pete Hegseth on Saturday condemned Beijing for its escalating "destabilizing actions" in the South China Sea during multilateral defense talks in Kuala Lumpur.

Benzinga

Yale Graduate Takes His Family's Apple Farm From Brink Of Ruin And Turns It Into $4 Million Per Year Operation

When 41-year-old Joshua Morgenthau graduated from Yale with an art degree almost 20 years ago, he couldn't have imagined that his masterpiece would be saving his family's apple farm and turning it into an operation that generates $4 million per year.

Benzinga

Video Game CEO Says Regenerative AI Will 'Increase Employment,' Despite Job Losses In The Industry

Regenerative AI will create more jobs in the video game industry, Take-Two (NASDAQ:TTWO) CEO Strauss Zelnick said recently, despite the fact that thousands of animators and other behind-the-scenes workers have lost their jobs due to the technology.

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