Month: November 2024
The Pentagon’s battle inside the U.S. for control of a new Cyber Force
A recent Chinese cyber-espionage attack inside the nation’s major telecom networks that may have reached as high as the communications of President-elect Donald Trump and Vice President-elect J.D. Vance was designated this week by one U.S. senator as “far and away the most serious telecom hack in our history.” The U.S. has yet to figure […]
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One of the world’s richest families plans to create Paris’s next big soccer success
France’s billionaire Arnault family, owners of luxury group LVMH and one of the richest dynasties on the planet, is preparing to secure majority ownership of minor soccer club Paris FC — but sees any sporting turnaround as a long-term aim. Antoine Arnault, son of LVMH CEO and Chairman Bernard Arnault, told CNBC the investment in […]
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How Elon Musk’s plan to slash government agencies and regulation may benefit his empire
Elon Musk’s business empire is sprawling. It includes electric vehicle maker Tesla, social media company X, artificial intelligence startup xAI, computer interface company Neuralink, tunneling venture Boring Company and aerospace firm SpaceX. Some of his ventures already benefit tremendously from federal contracts. SpaceX has received more than $19 billion from contracts with the federal government, […]
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‘Wicked’ tallies $19 million in previews, as ‘Gladiator II’ team-up heads for $200 million opening weekend
Posters for Wicked and Gladiator II Sources: Universal (L), Paramount (R) The box office this weekend will be painted pink and green, with a splash of red. Universal’s “Wicked” and Paramount’s “Gladiator II” arrive ahead of the Thanksgiving holiday and are expected to tally more than $200 million in combined ticket sales this weekend. “‘Wicked’ […]
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Trump hush money sentencing delayed indefinitely
Former US President Donald Trump attends the second day of his trial for allegedly covering up hush money payments linked to extramarital affairs, at Manhattan Criminal Court in New York City on April 16, 2024. Mary Altaffer | AFP | Getty Images A New York judge Friday indefinitely postponed President-elect Donald Trump’s sentencing in his […]
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Why X’s new terms of service are driving some users to leave Elon Musk’s platform
Elon Musk attends the America First Policy Institute gala at Mar-A-Lago in Palm Beach, Florida, Nov. 14, 2024. Carlos Barria | Reuters X’s new terms of service, which took effect Nov. 15, are driving some users off Elon Musk’s microblogging platform. The new terms include expansive permissions requiring users to allow the company to use […]
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How the world’s 431 women billionaires make, spend and give away their fortunes
Alice Walton speaks onstage during the Getty Medal Dinner 2022 at Getty Center on October 03, 2022 in Los Angeles, California. Stefanie Keenan | Getty Images Entertainment | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to […]
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‘I have no money’: Thousands of Americans see their savings vanish in Synapse fintech crisis
Key Points Thousands of Americans will receive little or nothing from savings accounts that were locked during the collapse of fintech middleman Synapse. Customers believed the accounts were backed by the full faith and credit of the U.S. government. CNBC spoke to a dozen customers caught in the predicament, people who have lost sums ranging […]
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Amazon to invest another $4 billion in Anthropic, OpenAI’s biggest rival
Anadolu | Anadolu | Getty Images Amazon on Friday announced it would invest an additional $4 billion in Anthropic, the artificial intelligence startup founded by ex-OpenAI research executives. The new funding brings the tech giant’s total investment to $8 billion, though Amazon will retain its position as a minority investor, according to Anthropic, the San […]
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U.S. embassy in London reopens after suspicious ‘hoax’ item found
A police officer stands in front of the U.S. Embassy, amid ongoing investigation following an incident in London, Britain, November 22, 2024. Mina Kim | Reuters British police said on Friday that a suspicious package left outside the U.S. embassy in London, which was blown up in a controlled explosion, was a hoax device, according […]
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