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The Latest Breaking News from CNBC

SpaceX Stocks Were Already Under Pressure. Then The Company Aborted a Starship Test Flight

SpaceX aborted the launch of its Starship rocket on Friday shortly before the expected time.

International Business Times

Trump's Publications Can Move Markets. His Media Venture Is Launches a Paid Feed Traders

Trump Media & Technology Group is launching a paid data service that will give institutional clients real-time access to posts published on Truth Social, a move designed to capitalize on the market-moving power of President Donald Trump's social media activity.

International Business Times

Oil Producers Are Trying to Leave the Strait of Hormuz Behind. Iran Has Other Plans.

Governments across the Gulf are accelerating pipeline construction after Iran and its regional allies intensified attacks on commercial shipping, but experts say pipelines remain exposed to military strikes from Tehran.

International Business Times

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Airbnb CEO Brian Chesky’s X account was hijacked in an AI slop hack

Airbnb CEO Brian Chesky appears to have been the target of a cyberattack, sources tell Fortune.

Fortune

Buffett says AI giants are ‘playing a game they don’t want to play’ in the AI race, and reveals he was behind Berkshire’s $31 billion bet on Google

Buffett’s remarks helped push Google co-founder Larry Page’s net worth above $300 billion as he predicts Google dominating the AI race.

Fortune

SpaceX's Stock Keeps Falling. Short Sellers Are Now Piling Up

Short sellers are piling up their bets against SpaceX as the company's stock falls after its IPO last month.

International Business Times

The World Cup Is Boosting Spending. Hotels, Beer And Tourism Feel It First.

The FIFA World Cup has delivered a lift to businesses in several U.S. host cities, with hotels, bars and restaurants reporting stronger traffic as millions of fans traveled across North America for the tournament.

International Business Times

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Eli Lilly Changed Depression Care With Prozac. Now It's Betting on Psychedelics with AtaiBeckley Acquisition

Eli Lilly is making its biggest move yet into the rapidly evolving field of psychedelic medicine, acquiring clinical-stage biotechnology company AtaiBeckley in a deal valued at up to $3.8 billion.

International Business Times

Congress Democrats were on a warpath, and neither Jay Clayton’s ‘job interview’ nor Todd Blanche’s ‘performance evaluation’ impressed

“Isn’t it humiliating to be unable to answer this question?"

We Got This Covered

TSMC Just Had Its Best Quarter Yet. The AI Boom Is Raising The Bar Even Higher.

TSMC is expanding its U.S. manufacturing footprint after posting another record quarter driven by AI-related demand.

International Business Times

Larry Page, Sergey Brin get $15 billion richer as Warren Buffett says Alphabet bet was his call

Warren Buffett revealed he personally initiated Berkshire Hathaway’s investment in Alphabet, lifting the stock nearly 4% and adding over $15 billion to the combined wealth of Google co-founders Larry Page and Sergey Brin. Berkshire now holds Alphabet among its top five investments, while strong AI-driven growth, cloud expansion, and increased…

The Economic Times

Warren Buffett issues new warning, says tough to find value in market when everybody prefers gambling

Warren Buffett has warned that value investing is becoming harder as speculative trading gains popularity. Calling today's markets increasingly driven by gambling, the Berkshire Hathaway chairman urged investors to stay patient, focus on quality businesses and avoid chasing short-term market excitement despite heightened volatility across global equities.

The Economic Times

Buying Stocks With Borrowed Money Hits Levels Last Seen Before Major Market Crashes, Raising New Warning Signs

Investors are once again piling into the stock market with borrowed money at a pace that has historically preceded some of Wall Street's biggest downturns, according to new research.

International Business Times

Warren Buffett says he initiated Berkshire's Alphabet bet, but it is not his favourite. Here's why

“I initiated it,” he said in an interview with CNBC. “I am not doing anything that he does not approve of. He is not doing anything I don’t approve of. We talk all the time, but he is the decider,” the 95-year-old Berkshire Chairman added, referring to his CEO successor,…

The Economic Times

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International Business Times

Anthropic Is Moving Toward a Mega-IPO. Then It Could Reshape the AI Investment Race.

Bankers leading Anthropic's IPO preparations have started arranging meetings with institutional investors to gauge demand before a formal roadshow and eventual share sale.

Benzinga

Warren Buffett Takes Credit for Berkshire’s Alphabet Stock Buy: ‘I Initiated It’

One of the newest stocks added to the Berkshire Hathaway (NYSE:BRK)(NYSE:BRK) investment portfolio is Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL). While the position started towards the end of Warren Buffett’s time as CEO of Berkshire, the legendary investor wants people to know he gets the credit for buying the stock.

The Independent UK

Buffett says Gates' Epstein ties are 'distasteful' but didn't drive Buffett's charitable decisions

Billionaire Warren Buffett says his decision to cut the Gates Foundation out of his charitable giving is more about believing his three kids are ready to handle giving away his entire fortune than it is about Bill Gates’ ties to convicted sex offender Jeffrey Epstein

International Business Times

The UK Says Social Media Is Too Addictive. It's Taking Measures For Older Teens

The United Kingdom announced a digital curfew for older teens as the government continues its efforts to crack down on social media.

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International Business Times

Stripe Wants To Buy PayPal In A $53 Billion Deal, Sending Its Shares Soaring.

PayPal shares surged Wednesday after Stripe and private equity firm Advent International submitted a joint offer worth more than $53 billion for the company that helped bring digital payments into mainstream online commerce.

International Business Times

Sam Altman Says Demand For ChatGPT's New Sol Model is Surging. It May Be Causing Some Issues

The capacity concerns emerged less than a week after OpenAI broadly released Sol alongside two smaller models following a limited government-reviewed rollout.

International Business Times

The U.S. Approved the Export of AI Chips to China. Now A Top Trade Official Says 'Very Few' Made It.

Commerce Department official Jeffery Kessler told lawmakers that shipments of Nvidia's H200 processors have remained minimal despite export licenses being issued earlier this year.

International Business Times

Inflation Rose Less Than Expected Last Month. Now a Top Trump Official Says The Fed Must Act Accordingly

National Economic Council Director Kevin Hassett said there is no argument to raise interest rates after inflation rose less than expected in June.

The Economic Times

Buffett says his children are ready to distribute his fortune, calls Bill Gates' Epstein ties 'distasteful'

In a notable pivot, Warren Buffett is now directing his stock donations from Berkshire Hathaway to his children's charitable foundations. He acknowledged that Bill Gates' controversial relationship with Jeffrey Epstein played a role in his choice. Accelerating his wealth distribution strategy, Buffett aims to complete this endeavor by 2034, with…

Barchart

Warren Buffett on Berkshire Hathaway's Game-Changing Google Investment: It Was Me.

Warren clears the air on exactly who initiated the purchase of Alphabet for Berkshire’s legendary equity portfolio.

The Independent UK

Fox’s Laura Ingraham rages over ranking of America’s ‘worst states to live in’

‘The Ingraham Angle’ host called CNBC’s list a ‘blatant effort to denigrate more conservative states’

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