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The Latest Breaking News from CNBC

Elon Musk agrees with what Jeff Bezos says on charity: 'If I do my job right...'

Amazon founder Jeff Bezos, in his interview with CNBC, said his businesses do more good to the society than his charity works. Elon Musk seemed to have agreed with that. "If I do my job right, the value to society and civilization from my for-profit companies will be much, much…

The Times of India

Nvidia Delivered a Stellar Quarter. Its Unusual Options Activity Points to 2 Asymmetric Bets on NVDA Stock.

Nvidia reported strong Q1 2027 results, beating revenue and earnings estimates and raising 2027 guidance. Unusual options activity ahead of the release signaled potential asymmetric risk-reward setups, offering investors two notable trading opportunities.

Barchart

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

Billionaire Amazon founder, Jeff Bezos, says the bottom 50% of Americans should pay no federal income tax—and he plans to pitch the idea to President Trump.

Fortune

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Donald Trump Sparks High-Stakes Financial Mockery After Allegedly Confusing an AI Firm for a Sushi Restaurant in Up to £3.76 Million ($5M) Deal

President Trump's unexpected investment in Kura Sushi USA has sparked speculation and market reactions, highlighting potential mix-ups and broader concerns about his financial activities.

International Business Times UK

Walmart Warns Of Pressure On Shoppers As High Gas Prices Weigh On Spending

The retail giant posted strong quarterly sales growth but issued a weaker-than-expected guidance as fuel costs and economic worries strain consumers.

International Business Times

Jeff Bezos Says AI Will 'Elevate' Workers — Despite Amazon's 30,000 Job Cuts Amid $100 Billion AI Push

Jeff Bezos argues that AI will elevate workers rather than replace them, despite Amazon's recent layoffs. Opinions remain divided on AI's long-term impact on employment.

International Business Times UK

Jeff Bezos, world's 4th richest man, couldn't stop talking about a nurse in Queens earning $75,000. Here's why

Amazon founder Jeff Bezos, also the world's fourth richest man, argued that low-income earners in the US should pay no taxes, citing a nurse earning $75,000 as an example. He described the US economy as split between those thriving and those struggling with inflation and rising costs, questioning the tax…

The Economic Times

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'Taxing the Rich Won't Help': Jeff Bezos Defends the Ultra-Wealthy Amid Tax Debate — Zohran Mamdani Hits Back

Jeff Bezos told CNBC that the bottom half of US earners should pay zero income tax and dismissed wealth taxes. NYC Mayor Zohran Mamdani fired back.

International Business Times UK

OpenAI IPO coming soon? ChatGPT-maker likely to confidentially file draft papers for world’s biggest-ever IPO tomorrow

Sam Altman-led OpenAI is reportedly preparing to confidentially file draft papers for its IPO as early as Friday, according to CNBC, in what could become one of the biggest public listings ever. The ChatGPT-maker, valued at over $850 billion by private investors, is said to be working with Goldman Sachs…

The Economic Times

Billionaire Jeff Bezos Says Bottom 50% Should Pay Zero Income Tax – And He'll Push Trump On It

Jeff Bezos proposes eliminating federal income tax for the bottom 50% of US earners, arguing it would provide relief without major fiscal disruption. The proposal has sparked debate and mixed reactions

International Business Times UK

Jeff Bezos Calls for a Total Federal Income Tax Exemption to Lift the Burden Off Struggling American Workers

Jeff Bezos proposes exempting low-earning Americans from income tax, arguing their contributions are minimal. His stance sparks debate with New York politicians over economic inequality and taxation policies.

International Business Times UK

Jeff Bezos Just Cried Foul Over A Billionaire Tax & The Internet Is Sharpening Its Guillotine

“The French had a solution for this.”

Pedestrian.tv

NVDA stock price: Nvidia earnings beat expectations again but why did NVDA stock slip after hours? Here's what you need to know

Nvidia reported strong quarterly earnings, revenue growth, and an optimistic forecast, alongside an $80 billion share repurchase plan and increased dividend. Despite these positive results, NVDA stock dipped as investors focused on escalating competition in the AI chip market and future growth prospects.

The Economic Times

China Confirms Order For 200 Boeing Aircraft As Aviation Ties With U.S. Reopen After Years Of Trade Strain

China has confirmed a 200-aircraft Boeing order, signaling a restart in large-scale aviation trade between the world's two largest economies following years of limited aircraft purchases.

International Business Times

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International Business Times

Randstad CEO Says College Degrees No Longer Guarantee High Salaries as AI Trade Jobs Surge

Sander van't Noordende, the CEO of the Dutch staffing agency Randstad, said young workers should rethink what a lucrative career will look like in the future as AI changes the labor market.

The Economic Times

OpenAI IPO filing could come before SpaceX goes public: Will Sam Altman beat Elon Musk and Anthropic in the biggest AI and space market race of 2026? Complete details on Wall Street’s largest IPO wave

OpenAI IPO: Wall Street is entering its biggest IPO wave since 2022. OpenAI, SpaceX, Anthropic, Shein, and Kunlunxin could together raise nearly $200 billion. OpenAI may file for its IPO before SpaceX goes public. That changes the entire AI market race. Investors are now watching Sam Altman, Elon Musk, and…

International Business Times

OpenAI To Confidentially File For IPO As Soon As This Week: Report

OpenAI is set to confidentially file for an IPO as soon as this week, according to a new report.

The Independent UK

Jeff Bezos defends Amazon bankrolling Melania movie after it flopped - and claims Trump is more ‘mature’ compared to first term

Bezos insisted that Amazon’s backing of the movie, which received overwhelmingly negative reviews, had been ‘a good business decision’

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The Guardian - US

Jeff Bezos calls Amazon’s $40m Melania film ‘a good business decision’

The Amazon founder has denied any personal involvement in the film, which failed to recoup its budget on release

International Business Times

Treasury Selloff Deepens As Inflation Fears And Middle East War Continue Pressuring Markets

The 30-year Treasury yield climbed above 5.19% as investors reacted to inflation pressures, weak demand for long-term debt, and mounting global economic uncertainty.

Euronews

Goldman Sachs reportedly selected to lead SpaceX IPO in landmark Wall Street deal

Goldman Sachs has reportedly secured the leading underwriting role for SpaceX’s expected stock market debut this year in a move that paves the way for the largest IPO in history.

The Economic Times

AI boom: Global stock market order shuffles as Taiwan, South Korea overtake Western giants

Asian markets are making waves. South Korea's Kospi and Taiwan's stock market have surged, driven by the AI boom. These markets are now outperforming many Western exchanges. Investors are watching closely as capital shifts towards these AI-focused economies. This new global stock market order presents exciting opportunities and potential risks.

The Economic Times

Starbucks layoffs 2026 continue: What is driving the third round of job cuts under Brian Niccol, how many workers will be impacted and what employees need to know about severance?

Starbucks layoffs 2026: Starbucks is cutting 300 US corporate jobs and closing regional support offices. This move is part of a broader turnaround strategy aimed at profitable growth. The company expects 400 million dollars in restructuring charges. These job cuts do not affect coffeehouse employees. This is the third round…

International Business Times

Japan, China Cut U.S. Treasury Holdings As Iran War Pressures Global Currencies

China's Treasury holdings fell to their lowest level since 2008, while Japan trimmed nearly $47 billion from its position amid mounting pressure on the yen.

Barchart

The AI Boom Is Likely to Keep Pushing DELL Stock Higher

DELL stock is a buy for value investors.

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