Jeff Bezos’ move to Miami will save him over $600 million in taxes

Jeff Bezos’ move to Miami will save him over 0 million in taxes

Jeff Bezos and Lauren Sanchez walk in the Paddock prior to final practice ahead of the F1 Grand Prix of Miami at Miami International Autodrome on May 06, 2023 in Miami, Florida.  Clive Mason | Formula 1 | Getty Images Jeff Bezos’ $2 billion stock sale last week came with an added perk: no state … Read more

Microsoft AI growth helping Azure cloud chip away at Amazon’s lead

Microsoft AI growth helping Azure cloud chip away at Amazon’s lead

Microsoft CEO Satya Nadella appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. Chris Ratcliffe | Bloomberg | Getty Images Amazon Web Services is still the cloud leader. But Microsoft is quickly closing the gap. While Microsoft doesn’t disclose revenue figures for its Azure cloud infrastructure, analyst figures suggest that five … Read more

Musk denies selling Starlink terminals to Russia after Kyiv alleges use

Musk denies selling Starlink terminals to Russia after Kyiv alleges use

A Falcon 9 rocket launches a Starlink mission from Florida on Feb. 27, 2023. SpaceX Ukraine’s main military intelligence agency accused Russian forces of using Starlink terminals produced by Elon Musk’s SpaceX in occupied areas. Starlink has been adamant that its satellite networks have never operated or been marketed in Russia, after its terminals were … Read more

Elon Musk must testify in SEC probe of his Twitter takeover

Elon Musk must testify in SEC probe of his Twitter takeover

An effigy of Elon Musk is seen on a mobile device with the X and Twitter logos in the background in this photo illustration on 23 July, 2023 in Warsaw, Poland.  Jonathan Raa | Nurphoto | Getty Images Tesla and SpaceX CEO Elon Musk has to testify in a probe by the U.S. Securities and … Read more

Revolut launches travel eSIM phone plans in the UK

Revolut launches travel eSIM phone plans in the UK

Revolut is launching a travel eSIM plan in the U.K., in a rare move for a financial services firm. Revolut British financial technology company Revolut is launching phone plans in the U.K., the company has told CNBC exclusively, making it the first financial services firm in the country to offer telecom plans — and among … Read more

Biden campaign debuts official TikTok account; app is still banned on most government devices

Biden campaign debuts official TikTok account; app is still banned on most government devices

U.S. President Joe Biden arrives at John F. Kennedy International Airport, in New York City, U.S., February 7, 2024.  Evelyn Hockstein | Reuters President Joe Biden’s reelection campaign launched an official TikTok account Sunday evening. The account is noteworthy because TikTok is currently banned on most U.S. government-issued devices. The TikTok account, with the handle … Read more

Investors in Airbnb arbitrage business allege they were defrauded

Investors in Airbnb arbitrage business allege they were defrauded

Illustration by Elham Ataeiazar Daryn Carr is no stranger to side hustles. After his mom died from Covid in 2020, he used funds from her pension to pay off some bills and buy a car. With the remaining money, he invested in crypto and started an ATM business.  One day in 2022, while scrolling through … Read more

As Sam Bankman-Fried awaits jail, FTX customers await full repayment

As Sam Bankman-Fried awaits jail, FTX customers await full repayment

Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Source: SDNY As Sam Bankman-Fried prepares to face sentencing next month for his criminal fraud conviction tied to the epic collapse of FTX in 2022, former customers of the crypto exchange have reasons to believe they could actually recoup their money. Bankman-Fried, who could … Read more

Amazon’s Prime Video lands exclusive NFL playoff game next season

Amazon’s Prime Video lands exclusive NFL playoff game next season

Amazon Prime Video logo displayed on a phone screen and Amazon Prime Video website displayed on a screen in the background are seen in this illustration photo taken in Krakow, Poland on July 26, 2022. Nurphoto | Getty Images Amazon‘s Prime Video has won the exclusive rights to stream a National Football League playoff game … Read more

Portfolio health care name turns its luck around thanks to management’s AI push

Portfolio health care name turns its luck around thanks to management’s AI push

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. U.S. stocks were mostly higher on Friday. The S & P 500 was on track for a fifth positive week in a row. The broad market index topped 5,000 … Read more