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The Latest Breaking News from CNBC

Amazon doubles down on Melania with plans for a new docuseries on the First Lady

‘Melania’ chronicled the first lady throughout the 20 days leading up to Donald Trump’s second inauguration

The Independent UK

Fed's Kashkari Backs His Vote To Hike Interest Rates: 'Now Is The Time'

Minneapolis Federal Reserve President Neel Kashkari said it is "the time to start slowly moving up as we get more data in."

International Business Times

Disney Finds Its Magic Again With Streaming Surge and Theme Park Strength

Walt Disney Co. (NYSE:DIS) stock rose in Wednesday premarket trading after the entertainment giant reported fiscal third-quarter 2026 results that topped Wall Street’s earnings expectations, driven by growth in its streaming, parks and entertainment businesses.

Benzinga

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

The S&P 500 Is at Record Levels. But Some Analysts Aren't Ready to Celebrate a Breakout Yet

While the S&P 500 topped 7,700 for the first time on Tuesday. However, some analysts say a sustainable breakout will require more than a brief move above the resistance level.

International Business Times

Explained: Why South Korea bought gold after 13 years and what it means for yellow metal investors?

In a year marked by dramatic shifts, gold surged to new heights only to undergo a significant decline. Central banks have begun to ramp up their gold holdings, a clear sign of ongoing demand from authoritative sectors. After a thirteen-year hiatus, South Korea's central bank has made a return to…

The Economic Times

Iran-US war latest: Trump claims Strait of Hormuz is ‘sort of open’ and predicts Tehran will seek peace soon

US president tells reporters in Oval Office: 'I don't think they [Iran] can go much longer'

The Independent UK

US Fed's Anna Paulson keeps 'open mind' on rate decisioin as inflation remains too high

Philadelphia Fed President Anna Paulson remains open-minded regarding monetary policy. She views recent inflation data as a welcome but insufficient step. Paulson supports keeping interest rates unchanged for now. Underlying inflation pressures remain elevated and are her primary focus. She believes policy should address persistent price pressures if needed.

The Economic Times

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Palantir Crushes Q2 Expectations. U.S. Commercial Revenue Soars 149% as AI Demand Accelerates.

The Denver-based software firm reported adjusted earnings of 41 cents per share for the second quarter, beating analysts' expectations of 35 cents, while revenue climbed to $1.94 billion, exceeding expectations.

International Business Times

A Continuously Tough Labor Market Frustrating Job Seekers. Some Have Given Up Looking

Record numbers of people have stopped looking for jobs and dropped out of the labor market entirely.

International Business Times

How dumb I was! When Peter Lynch regretted not buying Warren Buffett's favourite stock whose product his daughter used

Legendary investor Peter Lynch expressed regret over missing out on Apple despite his daughter buying an iPod, calling the oversight a mistake given Apple's simple business model and strong balance sheet. Lynch emphasized his core investing rule to know what you own before putting money into any stock.

The Economic Times

What bubble? Amazon enters $3 trillion market cap club, CEO highlights striking AI demand

Amazon shares reached a new high, briefly surpassing $3 trillion in market value. This surge followed a strong earnings report and increased investor confidence in artificial intelligence. The company's cloud services showed significant growth, exceeding expectations and boosting its valuation. Amazon anticipates substantial capital expenditures to meet future artificial intelligence…

The Economic Times

Amazon CEO Andy Jassy's AI Spending Pitch Won Wall Street Over, Jim Cramer Says— While Meta and Alphabet Are Still Struggling to Explain Theirs: 'The Same Numbers...'

CNBC’s Jim Cramer said Monday that Amazon.Com Inc (NASDAQ:AMZN) CEO Andy Jassy’s explanation of the company’s artificial intelligence (AI) spending during its latest earnings call changed how Wall Street views Big Tech’s multibillion-dollar AI investments.

Benzinga

Best Buy introducing smaller locations in certain cities — see where

The electronics retailer reportedly opened one of these smaller locations in Jonesboro, Arkansas, this week

The Independent UK

Anthropic, OpenAI Face New EU AI Crackdown as Regulators Gain Enforcement Power

The European Commission has expanded its authority to oversee the world’s most advanced artificial intelligence systems, giving regulators new powers to scrutinize general-purpose AI models before they are released across the European Union.

Benzinga

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Tom’s Guide

Samsung Galaxy S27 Ultra leak reveals silicon carbon battery leap — but also a camera downgrade

Samsung's flagship Galaxy S27 Ultra is rumored to make a massive leap, but the cameras could be downgraded, so which is more important: a bigger battery or a better camera?

The Independent UK

What makes a CEO worth $31 million a year? You’ll have to ask Starbucks

IN FOCUS : Starbucks has paid its CEO more than $120 million since he joined in late 2024. What makes him worth it? JR Duren reports

The Independent UK

Amazon received hundreds of millions in Trump tariff refunds – and says it will return some to customers

Amazon says that it received over $500 million in refunds from Trump’s trade tariffs

International Business Times

A Former OpenAI Employee Built A $45 Billion Fortune From AI. Then A Hedge Fund Selloff Wiped Out Most of Its Value.

Situational Awareness ultimately sold its public equity holdings, including stakes in companies such as SK Hynix and CoreWeave, to Citadel at a discount after facing mounting margin pressure.

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International Business Times UK

'Paycheck to Paycheck': 63% of Americans Have Under $500 Left Each Month After Paying Their Bills

A CNBC and SurveyMonkey survey reveals 63% of Americans live paycheque to paycheque, with many delaying major life decisions due to financial strain and rising debt.

Barchart

Hoping for Lower Prices at the Gas Pump? After Exxon Doubles Profits, CEO Darren Woods Says ‘I Wouldn’t Hold My Breath.’

In a CNBC interview, the oil executive explained the disconnect between crude oil and gasoline prices.

The Economic Times

The secret to a happier life? Harvard says it depends on having these 3 kinds of friends

A Harvard study highlights positive relationships as key to happiness and health. Aristotle identified three friendship types: utility, pleasure, and perfect connections. Utility friendships offer practical benefits and shared goals for advancement. Pleasure friendships stem from mutual enjoyment and shared interests. Perfect friendships, built on mutual care, foster virtue and…

The Economic Times

AI bubble gone bust? Once a billionaire, how AI investor Leopold Aschenbrenner lost most of his hedge fund’s fortune in days

Aschenbrenner's fund, Situational Awareness, massively grew to as big as $45 billion at the beginning of July before big losses took hold, CNBC reported citing sources. The fund began to see massive losses in recent weeks as its heavyweight AI holdings like SK Hynix sharply crashed, while its short positions…

The Economic Times

Peter Lynch does not like the AI trade; here's why he says 'Know what you own'

Analysts soon began sounding the alarm over the massive AI spending and rising debt of the tech giants, questioning if they will actually bear fruit in the future. The worries sparked a sharp selloff in the tech stocks.

International Business Times

Reddit Did Not Announce Any AI Deals In Its Earnings Report. Its Stock Is Plunging

Reddit's stock fell more than 20% on Friday, its largest intraday drop since the company went public.

International Business Times

Investors Look Overseas as Magnificent Seven Concerns Grow. Janus Henderson Sees Opportunities in Europe and Asia

Investors are increasingly looking to Europe & Asia instead of the U.S. stock market as concerns mount over the heavy concentration of the "Magnificent Seven" technology giants in major indexes.

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