Behind the AI talent war: Why tech giants are paying millions to top hires
It costs billions of dollars to build artificial intelligence models, and tech companies are battling for talent to get ahead in the AI arms race.
From mortgages to stocks, how higher government bond yields hit wider markets
As government borrowing costs tick higher, mortgages and corporate activity come under pressure.
Bill Pulte accused Fed Governor Lisa Cook of fraud. His relatives filed housing claims similar to hers: Reuters
Close relatives of the federal official who has accused a Federal Reserve governor of improperly claiming primary residence on two properties have declared the same status on two homes in two different states, public records show.
Bitcoin climbs after dismal jobs report fuels rate cut hopes: CNBC Crypto World
On today’s episode of CNBC’s Crypto World, bitcoin climbs after it was revealed that payrolls rose less than expected in August. Plus, crypto billionaire Justin Sun says his World Liberty Financial tokens have been “unreasonably” frozen. And, Sergey Nazarov, co-founder of Chainlink, reveals what was discussed during a meeting with SEC Chair Paul Atkins.
Senate seeks to rein in stock tokenization in latest crypto bill draft
Crypto companies like Coinbase and Ripple are pushing for the passage of a market structure bill.
AppLovin and Robinhood added to S&P 500
The S&P 500 already has a heavy concentration of large technology companies. Datadog and DoorDash entered earlier this year.
New York Mayor Eric Adams refuses to drop out of race after Trump nomination floated
President Trump has said he wants two candidates to drop out of the New York mayor’s race to clear the way to beat Democratic nominee Zohran Mamdani.
Anthropic agrees to pay $1.5 billion to settle authors’ copyright lawsuit
Authors had sued Anthropic, claiming the artificial intelligence startup had illegally used their books to train its models.
FTC commissioner questions status of Snap AI chatbot complaint: ‘People deserve answers’
President Trump attempted to remove Slaughter from her FTC position, but a U.S. appeals court allowed her to maintain her role.
Google leads monster week for tech, pushing megacaps to combined $21 trillion in market cap
Tech’s megacaps got bigger this week, and the eight trillion-dollar companies now make up a combined 36% of the S&P 500.