Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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Jim Cramer says the market has warmed up to Big Tech’s AI spending. Here’s what flipped the switch
Cramer said Amazon CEO Andy Jassy finally explained how Amazon’s massive AI spending will generate long-term returns.
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Stock futures rise slightly after rip-roaring rally leads Dow to record closing high: Live updates
The major stock averages surged Monday, with the Dow closing at a record high, as Amazon eclipsed $3 trillion in market cap for the first time.
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Big Tech’s Anthropic and OpenAI stakes are distorting the corporate earnings picture
If you were to strip out Big Tech’s investment gains from private AI companies, the earnings story is a lot less bullish.
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Palantir’s Karp renews attacks on frontier AI labs that are ‘trying to drug addict us’
Karp said Chinese models can’t be blamed for distilling U.S. models when the frontier labs “distilled all the value of IP, everywhere.”
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Larry Berg named next Major League Soccer commissioner
Larry Berg will take over as MLS commissioner from Don Garber next year. He will sell his stake in Los Angeles FC.
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Stocks making the biggest moves after hours: Palantir, On Semiconductor, Snap & more
These are the stocks posting the largest moves after the bell.
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Snap’s stock jumps 10% on earnings beat and strong sales forecast
Snap beat analysts’ estimates across the board in its second-quarter earnings report.
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Palantir soars 12% on blowout quarter, with U.S. commercial revenue soaring nearly 150%
Palantir’s second-quarter earnings beat expectations, and the AI software company lifted revenue guidance.
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History says this is where the Nasdaq-100 goes next after a correction
CFRA Research found that the tech-heavy index could recover what it lost in just two months, if last week was indeed the bottom.
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25 states sue Trump administration over latest global tariffs
Twenty-five states sued the Trump administration, arguing its latest global tariffs unlawfully replace duties already struck down by courts.
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