Amazon.com Inc
You’ve just been laid off because of AI — here’s what to do next
U.S. job cuts in October marked the worst layoffs since 2003, per a report from Challenger, Gray & Christmas. Jay Yuno | E+ | Getty Images AI-driven layoffs have become a dominant theme of 2025 as thousands of workers find themselves out of a job whilst companies go all-in on artificial intelligence. In October, tech […]
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Big Tech’s AI spending spree: Smart long-term bet or short-term risk?
In this Club Check-in, CNBC’s Paulina Likos and Zev Fima break down big tech’s massive artificial intelligence spending spree — debating whether these billion-dollar bets will drive long-term cost savings or weigh on near-term returns. Mega-cap tech companies are shelling out billions of dollars to build out AI infrastructure. The big question we’re asking is […]
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Affirm CEO says furloughed federal employees are starting to lose interest in shopping
Affirm CEO Max Levchin said Friday that while the buy now, pay later firm isn’t seeing credit stress among federally employed borrowers due to the government shutdown, there are signs of a change in shopping habits. “We are seeing a very subtle loss of interest in shopping just for that group, and a couple of […]
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AI valuation fears grip global investors as tech bubble concerns grow
This week’s equity market wobble, which saw a retreat in U.S. AI-related stocks amid ongoing concerns over stretched valuations, has thrust contagion concerns into the spotlight for European investors. Goldman Sachs CEO David Solomon warned this week of a “likely” 10-20% drawdown in equity markets at some point within the next two years, while the […]
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Southeast Asia’s largest bank CEO warns investors: ‘Buckle up, we’re in for a volatile ride’
Tan Su Shan is the CEO and director of DBS Group. Bloomberg | Bloomberg | Getty Images With valuations in the U.S. stock market becoming increasingly stretched, the chief executive of Southeast Asia’s largest bank is warning investors to expect turbulence ahead. “We’ve seen a lot of volatility in the markets. It could be equities, […]
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Target’s sloppier stores are wearing on shoppers, and its turnaround could hinge on cleaning them up
The Target bullseye logo is seen on the outside of its store at the Lycoming Crossing Shopping Center. Paul Weaver | Lightrocket | Getty Images Customers used to hold up Target as an example of how to run large, yet sparkling stores. Yet in recent years, shopper complaints about sloppier aisles, longer checkout lines, locked-up […]
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Tariffs in doubt, Musk’s pay plan, shutdown flight reductions and more in Morning Squawk
U.S. President Donald Trump speaks to reporters aboard Air Force One en route to the White House on November 2, 2025 after taking off from Palm Beach International Airport in West Palm Beach, Florida. Samuel Corum | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five […]
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Google’s rolling out its most powerful AI chip, taking aim at Nvidia with custom silicon
Sundar Pichai, chief executive officer of Alphabet Inc., during the Bloomberg Tech conference in San Francisco, California, US, on Wednesday, June 4, 2025. David Paul Morris | Bloomberg | Getty Images Google is making its most powerful chip yet widely available, the search giant’s latest effort to try and win business from artificial intelligence companies […]
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Snap shares rocket 25% on strong forecast, $400 million Perplexity deal
Snap shares climbed as much as 25% on Wednesday after the company issued its third-quarter earnings, reporting revenue that beat analysts expectations and a $500 million stock repurchase program. Here is how the company did compared with Wall Street’s expectations: Earnings per share: Loss of 6 cents. That figure is not comparable to analysts’ estimates. Revenue: $1.51 […]
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New bipartisan bill would require companies to report AI job losses
A pedestrian walks past Amazon Ireland corporate offices in Dublin, as Amazon.com, Inc., said on Tuesday it plans to cut its global corporate workforce by as many as 14,000 roles and seize the opportunity provided by artificial intelligence (AI), in Dublin, Ireland, Oct. 28, 2025. Damien Eagers | Reuters A new bipartisan bill seeks to […]
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