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The Latest Breaking News from CNBC

Jim Cramer ‘Not Convinced’ Tesla’s Dojo Can Rival Nvidia As He Tears Into Morgan’s Stock Upgrade

Tesla, Inc. ran up over 10% on Monday after Morgan Stanley's Adam Jonas upgraded the stock and issued a Street-high price target.

Zenger

Elon Musk’s monopoly over the space race could ‘choke’ the sector if left unchecked, a Lazard investment banker has warned

"I think it’s a huge concern."

Fortune

How Elon Musk lost a friend over AI: Google co-founder Larry Page just 'refused to hang out' after the Tesla CEO stole his top worker

After Musk tried to sabotage Google’s acquisition of DeepMind, he poached one of Page’s most valuable scientists to OpenAI with a $1.9 million salary.

Fortune

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‘We're in the first inning of the commercial real estate correction,’ billionaire real estate investor Jeff Greene says

Real estate tycoon Jeff Greene, who bet against the mid-2000s housing bubble and netted about $800 million, says the CRE correction has only just begun.

Fortune

Apple needs to bring the iPhone buzz back

Apple is expected to unveil several models of the iPhone 15, including two high-end iPhone Pros.

Fortune

Here’s How Much Money People Need Just To ‘Get By’ In Each US State Via Salary

The salary required to "get by" is vastly different depending on which state the people live in.

Zenger

Gen Z is dragging their feet going back to offices they've barely known, but (retired) Boomers can't wait

Fidelity & Guaranty looked into retirees’ mindset and found a whopping 44% of them want to go back to work.

Fortune

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Trump overstated net worth by up to $3.6bn, says New York attorney general

Ex-president’s net worth was exaggerated by between $1.9bn and $3.6bn between 2011 and 2021, court filing says

The Guardian - US

Retail theft has gotten so bad Walmart will build a police station inside an Atlanta store

Crime is a $100 billion annual problem for retailers, with companies like Walmart warning it could lead to store closures if nothing is done.

Fortune

Disney boss Bob Iger refused to relinquish his office to successor as it had shower, claims report

Bob Iger told Bob Chapek that he lived for ‘two-shower days’

The Independent UK

UAW President Slams Ford, GM, Stellantis For Delay Tactics In Contract Talks, Raises Political Implications: ‘Our Members Are Fired Up’

The United Auto Workers (UAW) is currently engaged in high-stakes contract negotiations with Detroit’s major automakers, Ford Motor Co (NYSE:F) and Stellantis (NYSE:STLA)

Zenger

Polestar Is Making a Phone To Prove Its EVs Are Computers Too

The Swedish EV company will partner with the Chinese phone maker, Meizu, to release a smartphone alongside its Polestar 4 electric SUV in December.

Inverse

Jeff Bezos’s rivalry with Elon Musk has landed him with a lawsuit

The filing alleges Amazon's leadership “excluded the most obvious and affordable launch provider, SpaceX, from its procurement process because of Bezos’ personal rivalry with Musk."

Fortune

‘I wouldn’t give him a nickel’: one-time Giuliani donors rule out legal aid

Billionaire Leon Cooperman, who backed Giuliani’s 2008 White House bid, says he won’t help with legal fees – and he’s not alone

The Guardian - US

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Fortune

New CNN CEO Mark Thompson once rescued the New York Times from the end of newspapers. Can he do the same with CNN as cable TV dies?

After a tumultuous past few years, CNN has tapped Thompson's proven ability to turn around news organizations.

TechRadar

Amazon raises free shipping minimum in boost for ecommerce firms

Some non-Prime customers are having to buy $10 more items in order to get free Amazon delivery.

Fortune

Microsoft president warns A.I. could be weaponized unless there’s human intervention

Microsoft is a heavy investor in A.I., having poured $10 billion into OpenAI earlier this year.

Fortune

ETF that followed Jim Cramer's investment advice is liquidating

With Cramer and CNBC refusing to dialogue with the fund's creators, "there is no reason" to keep it going, creator Matthew Tuttle said. But you can still bet against Cramer's picks with a different fund.

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news in one place.

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Multichannel News

Rugby World Cup on Peacock, CNBC, NBC Starting in September

Action starts September 8 with host France against New Zealand’s mighty All Blacks

Fortune

Malaysia was so eager to get Musk to invest, it waived its decades-old policies for Tesla

Tesla is allowed to sell cars in Malaysia without needing to comply with local rules on Malay ownership.

Fortune

IBM CEO who plans hiring pause for 7,800 jobs due to A.I. says the world will be worse without the technology. 'Otherwise quality of life is going to fall'

IBM CEO Arvind Krishna says A.I. will help keep worker productivity high, even as demographic trends point to a shrinking workforce.

Kiplinger

Are You the Worst Money Role Model for Your Kids?

The answer is probably a resounding yes. Does that seem harsh? It may not be harsh enough. Read on for some reality checks, especially for Millennials.

Tom’s Guide

World Athletics Championships live stream 2023: How to watch every event free online

It's the most important track and field meet of the year, and we've got everything you need to watch World Athletics Championships 2023 live streams from anywhere, for free.

Fortune

Apple should buy ESPN from Disney for $50 billion, says analyst who calls a deal a ‘no brainer’

Disney’s CEO is searching for a ‘strategic partner’ for ESPN as he looks to adapt the sports network for the streaming era. Would he entertain an outright sale?

StockNews.com

Which Financial Stock Is More Fiscally Responsible to Own: SoFi Technologies, Inc. (SOFI) vs. Manhattan Bridge Capital (LOAN)

While the rising interest rates should boost profit margins in the financial industry, let us analyze which of the leading financial stocks SoFi Technologies and Manhattan Bride Capital, is the more fiscally responsible stock to own.

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