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Jazone
Jazone
@Jazone@theforkiverse.com · Jun 07, 2026
"Joe #Biden's presidential term achieved a higher absolute number of daily positive gains (716 days) than Donald Trump's first presidential term (555 days), though Trump’s term had a slightly higher overall percentage of positive trading days due to a shorter total period." #JoeBiden #POTUS #CNBC #Squawkbox #premarket #investing
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Jazone
Jazone
@Jazone@theforkiverse.com · Jun 07, 2026
#JoeKernen told me there would be #recession nearly every day until 2025. #JoeBiden #POTUS #CNBC #Squawkbox #premarket #investing
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · Jun 01, 2026
US Top News and Analysis | Barry Diller's People offers to buy casino giant MGM Resorts for $48.30 per share AI generated summary, Read the full article for complete information. Barry Diller’s company, People Inc. (formerly IAC), has submitted a cash offer to acquire casino operator MGM Resorts International at $48.30 per share, valuing the deal at roughly $18 billion. People, which already owns about 26 % of MGM, says it sees MGM’s tangible assets and digital growth potential as undervalued and believes the partnership can unlock further value, praising the resort’s management team. Diller, a current MGM board member, will recuse himself from any board decisions related to the transaction. Following the announcement, MGM’s shares rose about 15 % in midday trading, while People’s stock gained roughly 2 %. Read more: https://www.cnbc.com/2026/06/01/mgm-resorts-barry-diller-people-bid.html #BarryDiller #PeopleInc #IAC #MGMResorts #CNBC #AndrewRossSorkin
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 29, 2026
US Top News and Analysis | Salesforce CEO Marc Benioff outlines his plan to turn around his struggling stock AI generated summary, Read the full article for complete information. Salesforce CEO Marc Benioff told CNBC’s “Mad Money” that, despite a sharp stock slump, the company will double‑down on delivering strong products for customers and continue aggressive share repurchases, having bought back $27.1 billion of stock and cut the diluted share count by about 10% in the quarter, which helped lift adjusted earnings per share by 23 cents. He dismissed worries that generative‑AI rivals such as Anthropic and OpenAI could threaten Salesforce, highlighting a record‑breaking quarter with robust revenue, large transactions and the integration of Anthropic‑powered tools into Slack, which he said will enhance—not disrupt—the business. Read more: https://www.cnbc.com/2026/05/27/salesforce-ceo-marc-benioff-outlines-his-plan-to-turn-around-his-struggling-stock.html #MarcBenioff #Salesforce #CNBC #Anthropic #OpenAI
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 25, 2026
US Top News and Analysis | CNBC Points Pro: What type of credit card rewards should I earn? AI generated summary, Read the full article for complete information. The article explains how to choose between cash‑back and points‑based credit cards by weighing simplicity against potential value. Cash‑back cards offer fixed, easy‑to‑understand rewards—typically 2 % on all purchases with no annual fee—making them ideal for users who want straightforward benefits without tracking categories. Points cards can deliver higher value when redeemed for travel, especially through transferable programs like Chase Ultimate Rewards® or Wells Fargo Rewards, but they require more effort to maximize returns and may involve annual fees. For those seeking the best of both worlds, the piece recommends hybrid options such as Chase Sapphire Preferred® or Wells Fargo Autograph®, which combine flat‑rate cash earnings with flexible point‑transfer capabilities, allowing users to enjoy simple cash rewards while retaining the option to chase higher‑value travel redemptions. Read more: https://www.cnbc.com/select/what-type-of-credit-card-rewards-should-i-earn/ #CNBC #WellsFargo #PriorityPass #ChaseSapphire #CitiDouble
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 22, 2026
The Daily Beast Latest Articles | Trumpy Anchor Scorches MAGA Rep Over ‘Slush Fund’ by Annabella Rosciglione AI generated summary, Read the full article for complete information. MAGA anchor Joe Kernen raised doubts on CNBC’s Squawk Box about President Donald Trump’s $1.8 billion “anti‑weaponization” slush fund, pushing GOP Majority Whip Rep. Tom Emmer for answers. Emmer deflected, lamenting Senate vote shortages and defending the SAVE America Act, while noting the fund’s addition to a broader funding bill and suggesting they await clarification from Acting Attorney General Todd Blanche, who had approved the fund after Trump dropped a $10 billion IRS lawsuit. Kernen, wary of the optics given Blanche’s former role as Trump’s personal lawyer, highlighted the fund’s lack of transparency, its potential to pay Trump allies—including pardoned Jan. 6 participants—through a secretive “Truth and Justice Commission.” Republican Representative Brian Fitzpatrick, facing a vulnerable 2026 re‑election, led a bipartisan effort to block the discretionary fund, warning it threatens institutional transparency and taxpayer accountability, a stance that prompted Trump to rebuke Fitzpatrick’s wife, Fox News correspondent Jacqui Heinrich. Read more: https://www.thedailybeast.com/trumpy-cnbc-anchor-joe-kernen-scorches-maga-rep-tom-emmer-over-trumps-irs-slush-fund/ #Trump #JoeKernen #TomEmmer #ToddBlanche #CNBC #DonaldTrump #BrianFitzpatrick #JacquiHeinrich
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 22, 2026
qwant news | Worried About AI Taking Your Job? Jeff Bezos Says You’re Thinking About It All Wrong And Should ‘Be So Happy’ AI generated summary, Read the full article for complete information. Jeff Bezos told workers to view AI as a “bulldozer” that can replace the labor‑intensive shovel‑work of today, urging them to be happy rather than fearful because the technology will dramatically boost productivity and lower costs, making groceries cheaper and homes more affordable. He argued that if AI is allowed to develop without unnecessary restrictions, the resulting efficiency gains will translate into a higher standard of living for everyone. While Bezos paints an optimistic picture of AI‑driven economic elevation, other experts—such as Geoffrey Hinton, Anthropic’s Dario Amodei, and professor Roman Yampolskiy—warn that rapid AI adoption could wipe out many white‑collar jobs, potentially causing widespread unemployment and even threatening the livelihoods of most workers. Read more: https://www.entrepreneur.com/business-news/jeff-bezos-says-youre-thinking-about-ai-the-wrong-way #JeffBezos #GeoffreyHinton #DarioAmodei #CNBC #Anthropic #RomanYampolskiy
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 21, 2026
US Top News and Analysis | HOA fees are soaring — use these tools to keep your unit affordable AI generated summary, Read the full article for complete information. Rising homeowners‑association (HOA) fees—up 44% to an average of $757 between 2024 and 2025—are straining budgets as insurance premiums, deductibles, landscaping, snow removal and routine maintenance costs climb. To keep housing expenses manageable, homeowners can (1) shop around for individual condo insurance to get the best rate and coverage, (2) refinance their mortgage to lock in a lower interest rate and reduce monthly payments, and (3) purchase a home‑warranty plan that covers major repairs and often includes roof‑leak coverage, helping avoid unexpected out‑of‑pocket costs. Read more: https://www.cnbc.com/select/hoa-fees-are-rising-heres-how-to-save/ #Vantaca #Lemonade #Travelers #CNBC #HomeownersAssociation
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 21, 2026
US Top News and Analysis | Anthropic set to hit $10.9 billion in revenue during second quarter, source says AI generated summary, Read the full article for complete information. Anthropic, the AI firm founded in 2021 by former OpenAI executives, is on track to generate $10.9 billion in revenue for the second quarter—more than double its $4.8 billion first‑quarter sales and enough to deliver its first profitable quarter, according to CNBC sources. The company, best known for its Claude family of models, has seen explosive growth, reaching $10 billion in annual revenue for 2026 and being valued at roughly $900 billion as it prepares for a potential 2026 IPO. Anthropic recently secured a massive compute deal with Elon Musk’s SpaceX, paying $1.25 billion per month through 2029 for use of the Colossus 1 data center, and is working to restore relations with the U.S. Department of Defense after a prior blacklist. Despite fierce competition from OpenAI—valued at over $850 billion—the firm topped CNBC’s 2026 Disruptor 50 list and continues expanding its enterprise and consumer business. Read more: https://www.cnbc.com/2026/05/20/anthropic-revenue-explosive-growth-ipo-profitable-quarter.html #Anthropic #CNBC #OpenAI #ElonMusk #DonaldTrump
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 20, 2026
US Top News and Analysis | Jeff Bezos brushes off concerns of an AI bubble: 'You shouldn't worry about it' AI generated summary, Read the full article for complete information. Jeff Bezos, founder of Amazon, dismissed worries about an artificial‑intelligence bubble during a CNBC interview on “Squawk Box,” saying that even if the hype does turn out to be a bubble, it is beneficial because the surge in investment is driving healthy, long‑term progress in the technology. He noted that the massive funding flowing into AI—by hyperscalers such as Amazon, Microsoft and Google and expected to exceed $700 billion this year—means “every experiment is getting funded,” even some that may prove unwise, but the overall momentum will push AI forward. Read more: https://www.cnbc.com/2026/05/20/bezos-ai-bubble-concerns-amazon-prometheum-blue-origin.html #JeffBezos #Amazon #CNBC #SquawkBox #AI #AndrewRossSorkin
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 20, 2026
US Top News and Analysis | College career path ‘over’ as skilled trade get 30% pay bump, recruitment giant says AI generated summary, Read the full article for complete information. Randstad’s CEO told CNBC that the era of pursuing a college degree for a lucrative career is ending, as skilled‑trade jobs are now seeing rapid wage growth and strong demand. In the United States, wages for skilled trades have risen about 30% since 2022, mirroring similar increases in Europe, while data‑center construction—driven by the AI boom—is creating thousands of new positions for mechanics, robotic technicians, HVAC engineers and industrial‑automation specialists. At the same time, entry‑level workers with AI expertise command up to a 25% salary premium and advance 3.5 times faster than peers, highlighting the growing value of technical and soft‑skill combinations in today’s labor market. Read more: https://www.cnbc.com/2026/05/20/ai-skills-randstad-college-trades-jobs-pay-bump.html #Randstad #CNBC #Alphabet #Microsoft #Meta
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 18, 2026
qwant news | Altman jury unanimously rejects Elon Musk's claims against Sam Altman; the judge dismisses two additional claims citing the statute of limitation AI generated summary, Read the full article for complete information. A federal jury in California unanimously rejected Elon Musk’s lawsuit against OpenAI CEO Sam Altman, finding that Musk’s claims were untimely and barred by the statute of limitations; the judge also dismissed two additional claims for the same reason, effectively ending Musk’s high‑profile legal challenge to OpenAI. Read more: https://www.techmeme.com/260518/p32 #ElonMusk #SamAltman #LinusTorvalds #OpenAI #NextEraEnergy #DominionEnergy #CNBC #TheVerge
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 20, 2026
US Top News and Analysis | Tuesday's big stock stories: What’s likely to move the market in the next trading session AI generated summary, Read the full article for complete information. Tuesday’s big stock stories highlight several market‑moving developments: NextEra Energy announced a near‑$67 billion all‑stock acquisition of Dominion Energy, sending NextEra shares down 4.6% after a 10% drop from May 1, while Dominion jumped 9.4% on the news; the S&P Utilities sector is down 8% from its February high, down 6.5% in May, but up 2.5% year‑to‑date, with the Nasdaq 100 up about 15% YTD. Home Depot and Amer Sports each reported earnings on “Squawk Box,” with their stocks falling 22% and 20% respectively over the past three months. Cava and Toll Brothers posted after‑hours earnings, with Cava up 18% and Toll Brothers down 20% in the same period. Alphabet’s Google I/O event is expected to showcase new AI updates, and the company’s stock has surged nearly 140% over the past year, hitting a fresh high and gaining 16% in the last month, outpacing the Nasdaq 100’s 8.7% gain. These headlines set the tone for what could drive market moves in the upcoming trading session. Read more: https://www.cnbc.com/2026/05/18/tuesdays-big-stock-stories-whats-likely-to-move-the-market.html #DominionEnergy #NextEraEnergy #Alphabet #Nasdaq100 #CNBC
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 12, 2026
Variety | NBC News Aims to Steer Business Coverage Beyond Stocks, Bonds by Brian Steinberg AI generated summary, Read the full article for complete information. NBC News is rolling out a new “Business in America” initiative that moves its business reporting beyond traditional stock‑market coverage, featuring in‑depth interviews with CEOs of major consumer‑impact companies such as Nike, General Motors, Zillow and Barnes & Noble. The series—shaped by audience research showing a demand for clear, non‑partisan explanations of rapid market‑wide changes in technology, retail and health care—will be distributed across “Today,” “NBC Nightly News,” NBC News Now, the network’s subscription app and social platforms. NBCUniversal News Group chairman Cesar Conde highlighted the audience’s appetite for direct insight from corporate leaders, and the effort follows NBC News’ recent split from CNBC’s business unit. Veteran reporter Christine Romans has been named chief business correspondent to anchor a new two‑hour live‑stream program, while the first segment featured Craig Melvin interviewing Nike CEO Elliott Hill, with upcoming episodes slated with Zillow’s Jeremy Wacksman and Barnes & Noble’s James Daunt. Read more: https://variety.com/2026/tv/news/nbc-news-business-beyond-stocks-bonds-cesar-conde-1236743902/ #NBCNews #Nike #GeneralMotors #Zillow #CesarConde #ChristineRomans #JoannaStern #CraigMelvin #ElliottHill #CNBC #JeremyWacksman #JamesDaunt
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 12, 2026
The Guardian | GameStop’s $55.5bn bid for eBay rejected as ‘neither credible nor attractive’ by Joanna Partridge AI generated summary, Read the full article for complete information. eBay’s board has turned down GameStop’s unsolicited $55.5 billion offer to buy the online marketplace, calling the proposal “neither credible nor attractive” and citing uncertainty over how GameStop would finance the deal, its borrowing levels, and the operational risks of merging the two companies. GameStop, which has accumulated a 5 % stake in eBay, proposed a price of $125 per share funded by about $9.4 billion of cash and roughly $20 billion of debt financing, leaving a shortfall of around $16 billion relative to its own market value of roughly $12 billion and eBay’s $46 billion valuation. CEO Ryan Cohen, who has been linked to GameStop since 2020, was unable to explain the financing during a CNBC interview and hinted at a possible hostile bid if the board remains unreceptive. The rejection comes amid GameStop’s recent store closures, its meme‑stock legacy, and eBay’s own strategic moves, including a pending $1.2 billion acquisition of the fashion resale app Depop. Read more: https://www.theguardian.com/business/2026/may/12/gamestop-bid-for-ebay-rejected-as-neither-credible-nor-attractive #GameStop #EBay #PaulPressler #RyanCohen #Amazon #Depop #Etsy #CNBC #business #e_commerce #mergersandacquisitions #retailindustry
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 12, 2026
Sweden Herald - Latest Sweden News | US inflation higher than expected in April by Sweden Herald AI generated summary, Read the full article for complete information. U.S. inflation accelerated to 3.8 percent in April — the highest rate since May 2023 and slightly above analysts’ 3.7 percent forecast — while core inflation (excluding food and energy) edged up to 2.8 percent. The surge was accompanied by a 21 percent jump in airfares, driven by higher jet‑fuel costs after the Iran conflict, and a 0.3 percent year‑on‑year decline in average hourly earnings, a blow to middle‑class and low‑income households, according to Navy Federal Credit Union chief economist Heather Long. In response, U.S. market interest rates rose and Wall Street futures slipped. Read more: https://swedenherald.com/article/us-inflation-higher-than-expected-in-april #HeatherLong #CNBC #WallStreet #businessnews
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 12, 2026
US Top News and Analysis | EBay rejects GameStop's $56 billion takeover bid, calling it 'neither credible nor attractive' AI generated summary, Read the full article for complete information. eBay’s board rejected GameStop CEO Ryan Cohen’s unsolicited $56 billion, $125‑per‑share cash‑and‑stock takeover proposal, calling it “neither credible nor attractive.” eBay cited uncertainty over GameStop’s financing, operational risks and the debt the deal would create, noting that while Cohen said he had secured a $20 billion commitment from TD Securities and $9 billion in cash, a significant funding gap remained. Analysts also questioned the lack of clear synergies between the two companies. Cohen pledged to run eBay more efficiently—cutting headcount, reducing marketing spend, and using GameStop’s 1,600 U.S. stores for order fulfillment and live‑commerce hubs—but eBay reaffirmed confidence in its current management, citing a successful turnaround that has already lifted its shares about 24 % this year. Read more: https://www.cnbc.com/2026/05/12/ebay-rejects-gamestops-takeover-ryan-cohen.html #EBay #GameStop #RyanCohen #PaulPressler #JamieIannone #TDSecurities #CNBC #SquawkBox #
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 12, 2026
US Top News and Analysis | SoftBank has injected $450 million into this British AI chip company AI generated summary, Read the full article for complete information. SoftBank has injected more than $450 million into British AI‑chip maker Graphcore, which it acquired in 2024, to fund the development of artificial general intelligence (AGI) and bolster SoftBank’s broader AI‑infrastructure strategy. According to a Companies House filing, Graphcore issued a single share valued at $457 million on April 10, confirming the financing came directly from SoftBank. The infusion is part of a “portion” of the capital Graphcore expects from SoftBank this year and follows SoftBank’s heavy AI spending, including stakes in OpenAI and involvement in the $500 billion Stargate project. SoftBank aims to expand its AI footprint further, planning a standalone AI and robotics company in the U.S. and exploring a large AI data‑center project in France, while Graphcore is also investing up to £1 billion to open a new AI campus in Bengaluru, India. Read more: https://www.cnbc.com/2026/05/12/softbank-graphcore-ai-chip-investment.html #SoftBank #Graphcore #CNBC #CompaniesHouse #OpenAI #Oracle #Nvidia #Stargate #Bengaluru #
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 11, 2026
US Top News and Analysis | OpenAI revenue chief Dresser says enterprise AI adoption is 'at a tipping point' AI generated summary, Read the full article for complete information. OpenAI’s chief revenue officer, Denise Dresser, told CNBC that enterprise artificial‑intelligence adoption has reached a “tipping point,” prompting the launch of the OpenAI Deployment Company—a new venture designed to accelerate AI onboarding for businesses. The unit, announced alongside OpenAI’s acquisition of applied‑AI consulting firm Tomoro, brings roughly 150 engineers who will embed frontier AI models into clients’ workflows, working directly with users to integrate AI into back‑office applications and other processes. Backed by a partnership with 19 investment and consultancy firms—including Bain, Goldman Sachs and SoftBank—and majority‑owned by OpenAI, the Deployment Company aims to deliver AI solutions at speed and scale. Dresser’s comments come as rivals Anthropic and Google intensify competition for enterprise customers, with Anthropic recently forming its own $1.5 billion AI‑adoption fund alongside Goldman Sachs and Blackstone. Prior to joining OpenAI in December, Dresser served as CEO of Slack. Read more: https://www.cnbc.com/2026/05/11/open-ai-dresser-enterprise-business.html #OpenAI #DeniseDresser #CNBC #Bain #GoldmanSachs #SoftBank #Tomoro #Anthropic #Blackstone #Google #
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 11, 2026
US Top News and Analysis | Hassett says AI isn't costing anybody their job right now — but tech layoffs keep coming AI generated summary, Read the full article for complete information. National Economic Council Director Kevin Hassett told CNBC’s “Squawk Box” that, despite a wave of tech layoffs at companies such as Amazon, Meta, Oracle and Block, there is “no sign in the data” that artificial‑intelligence technology is currently costing anyone their job; he emphasized that the administration is studying AI’s future impact on the workforce and has set up a task force to assess it, while firms cite AI‑driven automation and the move to smaller, highly skilled teams as reasons for recent staffing reductions. Read more: https://www.cnbc.com/2026/05/11/trump-white-house-hassett-ai-jobs.html #KevinHassett #EconomicCouncil #CNBC #SquawkBox #WhiteHouse #Amazon #Meta #Oracle #Block #Square #
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