Bezos defends billionaires, hypes AI, talks taxes and praises Trump in major CNBC interview
Jeff Bezos rejected accusations that Amazon's decision to release a documentary on first lady Melania Trump was an effort to curry favor with the president.
U.S. crude oil falls below $100 per barrel after Trump says Iran talks in final stages
Trump told reporters that the administration was in the "final stages" of negotiations with Iran, according to a pool report.
Intuit plans to cut workforce by about 17% as tax software maker reckons with slowing growth
Intuit's stock has been hammered this year as investors worry that generative artificial intelligence models could threaten software companies.
E.l.f. Beauty to walk back some tariff price increases amid high gas prices and consumer 'suffering'
E.l.f. Beauty raised prices by $1 last August to offset the impact of tariffs. It's now planning to walk back some of that back amid a consumer pullback.
OpenAI takes the lead in AI IPO horse race: 'Getting to public markets first is very important'
It comes after reports that the AI giant and ChatGPT owner is set to file confidentially for an IPO as soon as this week.
Mamdani fires back at Bezos over Queens teacher tax remark
Amazon founder Jeff Bezos called for eliminating federal income taxes on the bottom half of earners as Mamdani pushes a luxury second-home tax in New York City.
Ram unveils lineup of Hemi V-8 engine-powered 'muscle trucks' despite high gas prices
Stellantis plans to launch a new lineup of what it's calling "muscle trucks" for its Ram brand despite elevated U.S. gas prices due to the war in Iran.
UAE says new pipeline that will bypass Strait of Hormuz is nearly 50% complete
The UAE has redirected some oil exports through an existing pipeline to Fujairah, which has a maximum capacity of 1.8 million barrels per day.
Jeff Bezos says there is ‘no truth’ to the ‘buy borrow die’ tax strategy
The "buy, borrow, die" strategy refers to the practice of wealthy founders or investors borrowing against their assets and using the loan proceeds as income.
Bezos brushes off concerns of an AI bubble: 'You shouldn't worry about it'
Amazon founder Jeff Bezos shrugged off concerns of a looming AI bubble, saying the massive investments will ultimately drive the technology forward over time.
DOJ charges ex-prosecutor with stealing Trump documents case report prepared by Jack Smith
Carmen Mercedes Lineberger allegedy emailed herself a copy of Volume II of special counsel Jack Smith's report on Trump's criminal case.
OpenAI to confidentially file for IPO as soon as Friday: Source
OpenAI is working with banks including Goldman Sachs and Morgan Stanley.
Fed officials see rate hike ahead if inflation stays elevated, minutes show
A majority of officials anticipated that interest rate increases would be necessary if the Iran war continued to aggravate inflation.
House approves breakthrough housing bill in a win for investors
The U.S. House approved an updated housing affordability bill after removing industry-opposed requirements on selling build-to-rent homes.
Zuckerberg's Meta layoffs memo: 'Success isn't a given' in the AI era
Meta on Wednesday commenced its latest round of layoffs, which affect about 10% of the company's workforce or roughly 8,000 jobs.
Cheap AI could derail OpenAI and Anthropic's IPOs
Chinese AI labs are matching American frontier capability at a fraction of the cost.
Airbnb adds hotels, car rentals. Chesky says app can become an 'Amazon for services'
Airbnb on Wednesday added new services and independent hotels to its platform in its latest expansion move in the travel industry.
Stocks rally and oil falls. Plus, the implications of Samsung averting a strike
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Crypto companies are trying to leave the hype cycle for a more disciplined phase, earnings show
Crypto companies spent years monetizing volatility. Now they're trying to survive without it.
Jeff Bezos says bottom half of earners should pay zero in income taxes
Amazon Executive Chairman Jeff Bezos on Wednesday called for zero federal income taxes on the bottom half of earners.
Jan. 6 police officers sue Trump to block $1.8B 'lawfare' fund
The Department of Justice agreed to create the fund to settle a $10 billion lawsuit by President Trump over the leak of his tax records by an IRS employee.
Wendy's taps former Potbelly CEO to lead struggling burger chain
Nelson Peltz's Trian Fund Management is seeking funding to take Wendy's private, according to a Financial Times report.
Trump's face doesn't belong on U.S. passport, senators tell Rubio
The State Department announced a special edition U.S. passport that will feature President Donald Trump's likeness.
Something very unusual is happening with Nvidia options
Ahead of earnings, NVDA's short-dated calls are trading at a premium to puts.