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The Latest Breaking News from CNBC

Warren Buffett Sells Another $845M In Bank Of America Stock

The move marked the seventh time the billionaire's Berkshire Hathaway holding company has cut its stake in the lender since July

International Business Times

Lights, Camera, Action! How Hollywood Studio Tours Pay Off For Los Angeles

The film industry — including the tours, iconic Hollywood sign and Hollywood Walk of Fame — generates more than $100 billion in tourism annually

International Business Times

Cannabis Biz Goes After Upscale Stoners On Fifth Avenue, Hamptons

The Travel Agency dispensary features a gleaming white minimalist interior and offers products including pre-rolled, New York state-grown joints.

International Business Times

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Amazon Customers Hit Checkout Glitch During Start Of Labor Day Sale

The e-commerce giant's checkout feature displayed error messages with photos of dogs as the holiday weekend event began

International Business Times

Dell’s server sales are riding high off of cloud and AI investment

The company’s long-time coming collaboration with NVidia, one of the world’s biggest AI processor manufacturers, is getting results.

TechRadar

50 Times Children’s Homework Was So Funny It Should’ve Gotten Extra Credit

Kids can be witty and funny without them even knowing it, and these homework responses are proof of that. The post 50 Times Children’s Homework Was So Funny It Should’ve Gotten Extra Credit first appeared on Bored Panda.

Bored Panda

NBCU Enhances Accessibility Features for Paris 2024 Paralympic Games Coverage

Paris 2024 Paralympic Games to feature more audio description than ever before, including all coverage on NBC, USA Network, CNBC, and the Gold Zone whip-around show on Peacock

TV Tech

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Polestar Gets A New CEO. Can He Turn Things Around?

Volvo's troubled electric "spinoff" gets a new boss. Plus: Volkswagen gets tighter with China's Xpeng and BYD keeps the profits coming.

InsideEVs

Nvidia partner SMC offers containerized data center GPUs which are 28% cheaper and 50% more power efficient

Singapore-based firm Sustainable Metal Cloud uses containerized HyperCubes — data center GPUs that use immersion cooling — to deliver a more power efficient server solution.

Tom’s Hardware

Oil Prices High As Israel-Hezbollah Conflict Escalates

Oil prices rose on Monday after Israel's Air Force struck targets in Lebanon before the Iran-backed group fired more than 320 rockets into Israel.

Latin Times

Oil Prices Higher As Israel-Hezbollah Conflict Escalates

Oil prices rose on Monday after Israel's Air Force struck targets in Lebanon before the Iran-backed group fired more than 320 rockets into Israel.

International Business Times

Economists Push Back on Harris Plan To Ban Price Gouging

Kamala Harris's policy to combat price gouging has been criticized by analysts who say it is an uncompetitive proposal that could end up hurting US consumers.

International Business Times

Warren shuts down CNBC host's "lecture"

In a cringe-worthy clip, Joe Kernen tries to explain pricing economics to Warren, the CFPB architect and professor

Salon

Jamie Dimon has now been floated for a Treasury role by both parties

Dimon has attempted to tame previous speculation about a White House role or taking on a Treasury position.

Fortune

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TV Tech

Peacock to Stream Record 1,500+ Hours of Paralympic Games Coverage

Peacock will also offer Gold Zone and Multiview for the first time at the Paralympic Games

Fortune

Target's CFO and COO keen to wear just one hat as search for new finance chief continues

Michael Fiddelke, CFO since 2019, became chief operating officer in February.

Fortune

Famed economist Ed Yardeni predicts it'll be 'one and done' for Fed rate cuts despite Wall Street expectations

Yardeni is unconvinced the data is cool enough to push Chair Powell and his colleagues to multiple cuts: "It'll be dovish but not as dovish as the market is discounting."

InsideEVs

GM Says It's Future Is Software. Here's Why It's Cutting 1,000 Software Jobs

Today on Critical Materials: GM cuts software team, Trump confirms he may cut EV tax credit and appoint Elon Musk as advisor, and Tesla escape higher EU tariffs

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Fortune

Amazon’s delivery drones are too loud for the residents where it's testing the program

Amazon’s drone delivery program, known as Prime Air, has irked residents of College Station, Texas, where the initiative is being tested.

International Business Times

General Motors Lays Off 1,000 In Software, Services Division

General Motors has decided to lay off more than 1,000 salaried employees who were working in the software and services division.

Fortune

he SEC fined Carl Icahn $500K—just 0.01% of his net wealth

The SEC alleges Icahn pledged approximately 51% to 82% of his holding company's outstanding securities to secure margin loans.

International Business Times

US, China To Work Together To Achieve Financial Stability

The U.S. and China have decided to work together on their respective economic benefits by signing an agreement that would allow the countries to cooperate in terms of their financial stability.

Motor1

GM Just Laid Off Over 1,000 People

The layoffs represent 1.6 percent of the company's entire salaried workforce.

Fortune

This tantalizing symmetry in Warren Buffett's stock moves may be a clue on Apple

"If Buffett likes round numbers, he may not be planning to sell additional shares of Apple."

TechRadar

Alibaba sees revenue hit by caution in cloud space

News follows previous results from this quarter suggesting that cloud dominance is still very much a three-horse race.

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