Amazon automation scammers sued by FTC for false claims, death threats

Amazon automation scammers sued by FTC for false claims, death threats

Packages move along a conveyor belt at an Amazon Fulfillment center on Cyber Monday in Robbinsville, New Jersey, on Nov. 28, 2022. Stephanie Keith | Bloomberg | Getty Images Jamaal Sanford received a disturbing email in May of last year. The message, whose sender claimed to be part of a “Russian shadow team,” contained Sanford’s … Read more

AI craze getting funded by tech giants, distorting traditional VCs

AI craze getting funded by tech giants, distorting traditional VCs

Amazon Web Services CEO Adam Selipsky speaks with Anthropic CEO and co-founder Dario Amodei during AWS re:Invent 2023, a conference hosted by Amazon Web Services, at The Venetian Las Vegas in Las Vegas on Nov. 28, 2023. Noah Berger | Getty Images Almost three years into a largely dormant IPO cycle, venture capitalists are in … Read more

At 37, I bought a slice of paradise oceanfront condo in Puerto Rico

At 37, I bought a slice of paradise oceanfront condo in Puerto Rico

In 2021, I was 36 years old, and I had a big year. Thanks to the income streams that grew from my blog and podcast, I started making enough passive income to quit my 9-to-5.  This financial freedom made me start to think about what other goals I wanted to achieve, starting with what I … Read more

Travel is too expensive now — travel demand falls under cost concerns

Travel is too expensive now — travel demand falls under cost concerns

Travelers may have finally had enough. With revenge travel over and pandemic savings depleted, travelers say they’re planning fewer trips this summer, or skipping their vacations altogether. “After two straight years of strong gains, the number of Americans planning to take leisure trips is taking a dip,” states a summer travel report from Deloitte Insights. … Read more

Google IPO banker tracks two-decade journey from Silicon Valley upstart to $2 trillion

Google IPO banker tracks two-decade journey from Silicon Valley upstart to  trillion

Twenty years ago, as Morgan Stanley banker Michael Grimes was helping lead the public offering for the young company behind the Google search engine, one of the most anticipated of the decade, he was among the first people offered a new email service. He had his pick of any identifier he wanted, so he asked … Read more

LVMH CEO Bernard Arnault’s family office invests in AI startups

LVMH CEO Bernard Arnault’s family office invests in AI startups

World’s top luxury group LVMH head Bernard Arnault presents the group’s annual results 2022 in Paris on January 26, 2023. Stefano Rellandini | AFP | 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 receive future editions, … Read more

Jim Cramer’s top 10 things to watch in the stock market Wednesday

Jim Cramer’s top 10 things to watch in the stock market Wednesday

My top 10 things to watch Wednesday, Aug. 7 1. Disney with a blowout , beating analyst estimates on top and bottom lines. Also, a big raise to earnings guidance. It’s about time. Adjusted EPS for its fiscal third quarter were $1.39, up 35% from a year ago. The company’s combined streaming businesses (Disney+, Hulu … Read more

Market correction may not be over yet

Market correction may not be over yet

Traders work on the floor of the New York Stock Exchange during morning trading on August 06, 2024 in New York City.  Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more

Correction may not be over yet

Correction may not be over yet

Traders work on the floor of the New York Stock Exchange during morning trading on August 06, 2024 in New York City.  Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more

Airbnb shares drop 14% on earnings miss as company warns of slowing U.S. demand

Airbnb shares drop 14% on earnings miss as company warns of slowing U.S. demand

Airbnb CEO and co-founder Brian Chesky speaks at The Fast Company Innovation Festival on September 21, 2022, in New York. Eugene Gologursky | Getty Images Entertainment | Getty Images Airbnb shares dropped 14% in after-hours trading after the company reported second-quarter earnings that missed analyst expectations and warned that it’s seeing signs of slowing demand … Read more