Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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Anthropic accuses Alibaba of campaign to ‘brazenly’ and ‘illicitly’ extract AI capabilities
The letter, which was obtained by CNBC, claims Alibaba carried out “the largest known distillation attack on Anthropic to date.”
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JPMorgan Chase unveils $50 billion buyback, Goldman Sachs raises dividend after Fed stress test
The announcements followed the release of the Federal Reserve’s annual stress test, which found that all 32 large banks weathered a hypothetical recession.
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White House requests $87.6 billion supplemental spending for Iran war, farm aid
White House Office of Management and Budget Director Russell Vought asked House Speaker Mike Johnson for billions in extra spending for the Iran war.
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Identity theft victims face ‘unconscionable’ IRS delays, report says
Victims currently face wait times of almost two years to resolve their cases, according to the National Taxpayer Advocate.
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Micron stock jumps 16% as soaring prices from memory crunch lead to quadrupling of revenue
Micron’s quarterly earnings report follows a 700% surge in the memory maker’s stock price over the past year.
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Federal Reserve says U.S. banks can withstand $708 billion in losses amid overhaul of capital rules
The Fed’s annual exercise comes at a pivotal moment for bank regulation because, unlike previous years, the results will not affect capital requirements.
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Qualcomm announces AI data center CPU, signs Meta as first major customer
Qualcomm’s primary business has been smartphones, which accounted for two-thirds of the company’s product revenue in it’s most recent quarter.
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These are Schwab’s top three income ideas for the rest of 2026
Collin Martin of Schwab Center for Financial Research lays out where he sees the best opportunity for income investors right now.
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Bitcoin falls back under $60,000, hitting its lowest level since October 2024
Bitcoin, now in the eighth month of its bear market, dropped to an October 2024 low amid a pullback in tech stocks.
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Buy Verizon over Alphabet if a history of Dow changes is any guide
Verizon’s removal from the Dow may not be bad news for investors. Historical data shows deleted stocks often outperform the companies replacing them
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