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The Latest Breaking News from CNBC

Nvidia AI challenger Groq announces European expansion — Helsinki data center targets burgeoning AI market

Positioning itself as leaner and faster at inference workloads, Groq is hoping to outcompete Nvidia at its own game.

Tom’s Hardware

After a 9,644% Rally, This Used Car Stock Still Has Room to Run — 'Just 1% of the Market So Far,' Says Jim Cramer

Carvana Co. (NYSE:CVNA) has delivered a staggering 9,644% gain from its pandemic-era lows in 2022, but CNBC's Jim Cramer believes the used-car e-retailer is only just getting started.

Benzinga

Parents shell out $5,000 a month and delay retirement to support 27-year-old daughter living at home

‘The reason we do it is because we don’t want to see her on the street,’ the mother said

The Independent UK

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Musk Tells Tesla Analyst Dan Ives To 'Shut Up,' But He's Not Backing Down: 'This Is The Time For ... A Plan'

Tesla Inc (NASDAQ:TSLA) analyst Dan Ives isn’t being quiet when it comes to CEO Elon Musk’s political drama, even though Musk directly told him to “shut up.”

Benzinga

Cramer Says This Missile Stock Is 'Making A Lot Of People A Lot Of Money'

On CNBC's “Mad Money Lightning Round,” Jim Cramer said he has been against Annaly Capital Management, Inc. (NYSE:NLY) for many, many years. “It's got a big yield, but I want to own growth,” he added.

Benzinga

Costco, BlackRock And More On CNBC's 'Final Trades'

In a landscape where economic currents shift daily, the recent moves by financial titan BlackRock, Inc. (NYSE:BLK) are generating waves of speculation and intrigue.

Benzinga

CoreWeave CEO Bets On 'Custom-Built Software Stack' To Outpace Rivals— But Calls Oracle A 'Formidable Competitor'

In a recent interview with CNBC, CoreWeave (NASDAQ:CRWV) CEO Michael Intrator acknowledged Oracle Corporation (NYSE:ORCL) as a strong rival in the artificial intelligence infrastructure sector.

Benzinga

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Trump Steps Up Pressure For Deals As US Tariff Deadline Nears

Donald Trump's aggressive trade policy faces a critical week as the US president races to secure the bilateral deals he promised, ahead of a shifting deadline for re-imposing steep tariffs on dozens of economies.

International Business Times

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

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

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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

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.

The Independent UK

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

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Benzinga

'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…

Fortune

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.

Benzinga

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

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.

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