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The Latest Breaking News from CNBC

AI Isn't Just Replacing Workers. It Is Also Making College Degrees Less Valuable And Can Leave Recent Graduates With 'Long-Lasting Scars For Decades'

Artificial intelligence has been replacing workers, and that can make colleges less valuable. CNBC detailed in a video released on YouTube that covers how AI is impacting recent graduates and how it can affect the economy.

Benzinga

AI Infrastructure Races Will Be 'Intense' In 2026, Says Google Executive. 'We Must Double Every Six Months.'

Google will need to double its serving capacity every six months in order to keep up with AI demand, a company executive told employees in an all-hands meeting earlier this month, CNBC reports.

Benzinga

Kevin O'Leary Says When He Rolled Up in His New Porsche, His Wife Mocked Him for Looking Like Every Other Bald Man in a Sports Car But He Didn't Care

Kevin O'Leary's money philosophy might be built on cold, hard numbers—but even "Mr. Wonderful" has a soft spot for flashy splurges and ridiculous regrets.

Benzinga

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Macy's CEO Warns About 'Choiceful' Customers Creating Holiday Uncertainty

Macy’s Inc (NYSE:M) stock fell Wednesday even as the retailer delivered stronger sales, profit and comparable growth.

Benzinga

Why Softbank CEO Was 'Crying' Over Selling Nvidia Stake

Softbank Group Corp (OTC:SFTBY) (OTC:SFTBF) founder Masayoshi Son admitted he sold the company’s entire Nvidia Corp. (NASDAQ:NVDA) stake only out of necessity.

Benzinga

Jim Cramer Mocks IREN's Dilution As Unnecessary, While Bulls Jackson, Boloor Hail 'Carvana-Style' Balance Sheet Cleanup

IREN Ltd.'s (NASDAQ:IREN) announcement of a massive $2 billion convertible note offering triggered a fierce debate among high-profile market commentators. While CNBC's Jim Cramer ridiculed the financing as unwanted dilution, prominent tech investors are defending the move as a strategic “masterstroke” essential for long-term survival.

Benzinga

What CEOs say about AI and what they mean about layoffs and job cuts: Goldman Sachs peels the onion

“Companies that have discussed AI in the context of their workforce have cut their job openings more sharply this year,” economist Ronnie Walker found.

Fortune

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Dan Ives Sees 1 Trillion Future For Palantir Over 2 To 3 Years, Says Alex Karp-Led Company 'Playing A Different Game'

Tech stocks could see another year of double-digit gains, according to Wedbush analyst Dan Ives, who predicts another rally led by advances in artificial intelligence.

Benzinga

Nvidia Stock Bounces Back: What's Going On?

NVIDIA Corp (NASDAQ:NVDA) shares are trading higher on Monday. CEO Jensen Huang provided commentary on recent AI concerns after the company announced an expanded partnership with Synopsys Inc (NASDAQ:SNPS), aimed at reshaping the design and engineering industries.

Benzinga

Trump’s new tax policies will cut the wealthy’s philanthropy by over $4 billion—and middle-class donors can't match the donations of MacKenzie Scott

Mega-donors like MacKenzie Scott and Melinda French Gates are funneling hundreds of millions of dollars into charitable causes, but Trump’s new tax policies could put billionaire giving in jeopardy.

Fortune

Nvidia Just Earned A Massive 41% Price Target Boost From Morgan Stanley — Broadcom Also Raised As AI Frenzy Accelerates

Morgan Stanley has raised its price targets for Nvidia Corporation (NASDAQ:NVDA) and Broadcom Inc (NASDAQ:AVGO), citing the ongoing momentum in artificial intelligence (AI).

Benzinga

Jim Cramer's '10 Stocks To Own For The Future' In 2000 Cost This Redditor A Decade Of Retirement, Says Having To Work 10 More Years Was 'Painful'

A Reddit user slammed Jim Cramer’s stock picks at the peak of the Dot-Com bubble, saying that the CNBC host’s suggestions cost him a decade of retirement.

Benzinga

From 'The Simple Life' To 11:11 Media, Paris Hilton Has Built Her Personal Brand By Focusing On These Two Things

Paris Hilton has been a household name since the premiere of her reality TV show, "The Simple Life," in 2003. Now, a serial entrepreneur and the founder and CEO of global media brand 11:11 Media, Hilton has managed to leverage her personal brand into serious success by focusing on two…

Benzinga

'Accelerating Your Relationship Timetable Is Risky,' Experts Advise Caution As 23% Of Singles Say They'd Cohabitate To Save Money

As the cost of living continues to rise, Americans are finding inventive ways to save money on rent and other necessities. Case in point: 23% of singles say they would consider moving in with a partner quickly in order to save money, according to a new study from DatingNews.com and…

Benzinga

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Benzinga

A Pizza Bagel Business Owner Makes $20K Per Month, But He Had To Leave His Six-Figure Tech Job First: 'I Sold My Equity Back To My Previous Company'

Jacob Cooper started Pizza Bagel NYC in February, and it's now bringing in more than $20,000 per month. Cooper started the business shortly after leaving his six-figure tech job without any experience in the restaurant industry. He also went all-in on the startup and raised the initial funds by tapping…

Benzinga

From $20K to $1.6M In Revenue: How Abby Price Scaled Her New York Home Decor Shop

Abby Price started New York home decor shop Abbode with $20,000 in 2021, and the business brought in $1.6 million three years later. She first got experience in the industry with a side hustle where she sold and hand-delivered $40 dried floral arrangements throughout NYC.

Benzinga

A $15,000 Impulse Purchase Transformed This Passion Project Into A $4 Million-A-Year Business

Abby Price started her home decor and embroidery business, Abbode, in 2019, while in a graduate program at Parsons School of Design. It wasn't until three years later, after she purchased a professional embroidery machine "on a total whim" for $15,000, that things really started to take off, she told…

Benzinga

Jim Cramer Recommends These 4 Dividend Stocks, Says Era Of 'Magical Investing' In AI Is 'Dead'

CNBC host Jim Cramer has become more cautious toward AI and data center stocks after seeing increasing insider selling and borrowing activity.

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Benzinga

'We're Solving For Memory-Intensive AI Workloads,' Startup Raises $100 Million To Build Energy-Saving Data Centers

AI infrastructure startup Majestic Labs announced earlier this month that it had raised $100 million in funding from Bow Wow Wave Capital, which led the Series A round, and Lux Capital.

Tom’s Hardware

Data center cooling issue halts world's largest derivatives exchange — CME trading shutdown ripples across Malaysia, UK, and EU markets

CME had to halt trading after the cooling system at the data center that primarily serves suffers from a massive failure.

Benzinga

Baidu Unveils 5-Year AI Chip Roadmap To Replace Nvidia in China

Baidu Inc (NASDAQ:BIDU) is rapidly emerging as one of China's leading artificial intelligence chip players, directly challenging Huawei Corp as both companies work to replace Nvidia Corp (NASDAQ:NVDA), whose top processors are now blocked from the Chinese market.

GOBankingRates

Amazon vs. Walmart vs. Target: Who Raised Prices Most Under Tariffs?

Tariffs are driving up prices at major retailers — and Amazon is leading the surge. See which categories cost more now.

Benzinga

Bitcoin Surges After Cramer's Bearish Call — Inverse-Cramer Strikes Again

Bitcoin (CRYPTO: BTC) just delivered another chapter in the long-running Wall Street meme that refuses to die: when Jim Cramer turns bearish, traders pile in the other way. Days after Cramer publicly warned on CNBC that the recent bounce in crypto "makes no sense" and flagged fragility in leveraged positioning,…

Benzinga

Ray Dalio: AI Stocks Are In Bubble Territory, But The Real Danger Isn't What Investors Expect

Bridgewater Associates founder Ray Dalio says what many investors have been whispering out loud: markets are in a bubble, fueled by speculative wealth pouring into AI names like Nvidia Corp. (NASDAQ:NVDA). But his warning about what actually pops bubbles should give even the most committed bulls pause.

Tom’s Hardware

MIT simulation shows AI can replace 11.7% of U.S. workers worth $1.2 trillion in salaries — Iceberg Index tool shows jobs are affected in every state across the country

MIT and ORNL built the Iceberg Index, which showed how much of the entire American workforce is at risk of being replaced by AI tools.

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