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The Latest Breaking News from CNBC

Chinese social media censored a top economist for his bearish predictions. He now warns that China's property crisis will take a decade to fix

Hong, now chief economist for a Shanghai-based hedge fund, thinks China would be lucky if the real estate sector halves in size.

Fortune

There's a dirty secret behind H&M's sustainability efforts

A recent study shows the actual effectiveness of sustainability efforts of fashion brands.

The Street

Apple exec to testify on Googles behalf in DOJ antitrust case

Google will rely on its biggest rival's testimony as it defends its practice of paying hardware companies to keep Google as their default search option.

The Street

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Biden Administration Forgives $37M In Student Debt For University Of Phoenix Victims

FTC investigation leads to relief for borrowers as Biden's broader debt forgiveness plan faces hurdles.

Zenger

Another ‘cartel wife’ gets 3.5 years for hiding millions in drug money tied to El Chapo’s Sinaloa cartel

The feds pointed out the $2.3 million Valerie Gaytan stashed was generated “through the sale of thousands of kilograms of drugs in the United States ... that harmed individuals and communities in countless ways.”

Chicago Sun-Times

Palantir CEO Urges Tech Companies To Collaborate With Government On AI Initiatives

Alex Karp emphasizes the need for cooperation to mitigate risks and maintain global competitiveness.

Zenger

Jim Cramer calls Google/Broadcom report 'patently false'

Broadcom shares took a bath Thursday after a report called into question a $3 billion annual revenue stream for the company.

The Street

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Neil DeGrasse Tyson shares an eye-opening take on recent alien findings

Apparent evidence of UFOs has been mounting.

The Street

Hollywood Studios, Writers Reportedly Near Deal To End Strike

Hollywood studios are near a deal to end the writers strike, CNBC reported Wednesday night. That would be good news for Netflix, Disney and others. But actors are on the picket line too.

Investors Business Daily

Musk and Tesla are the 'clear winners' of the Detroit auto strike. Analysts say Elon 'put champagne on ice' as he sees the ultimate EV victory

Analysts say Musk and Tesla are “clear winners” of the strike given the company’s non-union status that lets it continue to pump out cars while Detroit is shut down.

Fortune

How Elon Musk could win the UAW strike

Tesla’s continued dominance on electric cars would undermine Biden’s hopes of basing the next generation of cars and trucks on unionized labor.

Politico

Detroit’s striking auto workers want a 36% pay hike, mostly to cover inflation. Morgan Stanley thinks automakers can afford it

Detroit’s striking auto workers would need a 30% pay hike just to cover inflation, making their demand for a 36% raise seem "fair," one analyst said.

Fortune

In El Chapo fallout, one of Chicago ‘cartel wives’ should get stiffer sentence than accomplices, feds say

They say Valerie Gaytan should get five years for laundering drug money from her husband Margarito Flores and his twin brother Pedro Flores, Chicago cocaine kingpins who helped convict the Sinaloa cartel boss. Her sister-in-law got 3½ years.

Chicago Sun-Times

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

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Fortune

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.

The Street

Jim Cramer says this tech stock’s sell-off is an 'overreaction'

Cramer sees a buying opportunity in this business software firm after a mixed earnings report

Fortune

‘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.

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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.

The Street

Sitting on cash? High interest rates could make this a solid investing strategy

'It's not all bad to be sitting on some cash,' investment expert Heather Ettinger says of the current market.

Zenger

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.

Fortune

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.

The Guardian - US

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

Fortune

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.

The Independent UK

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’

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