As the tech industry’s giants race to build out AI infrastructure — Microsoft spent $34.9 billion in just one quarter while Meta plans to spend up to $72 billion this year — they may not be the only ones footing the multi-hundred-billion-dollar bill.The consumer is increasingly facing AI-soaked subscription tiers as tech firms attempt to monetize their huge investments and bundle their software offerings with difficult-to-separate-out AI tools that can make it tough for customers to opt out — and more expensive if they don’t.One example is Microsoft 365, which now includes Copilot AI features in many of its tiers. The…
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Leader of D66 (Democrats 66) Rob Jetten (C) reacts on stage to the announcement of the Dutch parliamentary exit poll during a results evening of the party in Leiden on October 29, 2025. Robin Utrecht | Afp | Getty ImagesDutch centrist party D66 won the most votes in Wednesday’s general election, news agency ANP said on Friday, putting its 38-year-old leader Rob Jetten on course to become the youngest-ever prime minister in the Netherlands.With almost all votes counted, D66 can no longer be overtaken by the far-right Freedom Party (PVV) led by Geert Wilders, according to the news agency, which…
House Minority Leader Hakeem Jeffries (D-NY) speaks during a press conference on healthcare with other House Democrats, on the East steps of the U.S. Capitol on the 15th day of the government shutdown in Washington, DC on October 15, 2025. Anadolu | Anadolu | Getty ImagesAmericans will experience sticker shock this health insurance open enrollment season, with higher premiums for individuals and families, and for small business owners and their workers on Main Streets across the U.S., there’s little relief. While small business advocates are seeking Congressional assistance, the prospects for support are hazy, at best. After payroll, healthcare is the…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s Dominic Chu speaks to Ayako Yoshioka, portfolio consulting director at Wealth Enhancement Group for her take on building a portfolio that withstands geopolitical and economic risks. She also explains her view on whether concerns around a tech bubble are warranted, and she takes questions from Pro subscribers. Source link
Wayne Johnson at the Gables of Wolf Creek, the retirement community he owns in Macon, GeorgiaAnnie Nova | CNBCA Republican who oversaw the country’s $1.6 trillion federal student loan portfolio during President Donald Trump’s first term has funded a class action effort against the administration over its current borrower policies.The proposed class action lawsuit, filed this week in federal court in Atlanta, said Education Secretary Linda McMahon and the largest credit rating companies are violating the Fair Credit Reporting Act — a federal law that, among other provisions, requires information in consumer credit reports to be accurate.According to the lawsuit,…
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025. David Paul Morris | Bloomberg | Getty ImagesTech’s internet giants have made it through earnings season, and they offered a consistent message to Wall Street: Artificial intelligence investments are only getting bigger.Alphabet, Meta, Microsoft and Amazon each lifted their guidance for capital expenditures and now collectively expect that number to reach more than $380 billion this year.Microsoft’s forecast was for fiscal 2026, which ends in June.The companies are racing to build out infrastructure for what they…
There’s a beaten-down biotech that may be worth the shot. The biotech sector has been on fire as of late. The SPDR S & P Biotech ETF (XBI) is up 25% year-to-date and trading at 52-week highs. It continues to be one of the best sectors over the past six months, has momentum and room to run higher. However, individually picking the right biotech stock comes with high risk. One such name is Sarepta (SRPT) . The stock is lower by 81% year-to-date and much of the weakness is due to safety issues with its Duchenne muscular dystrophy drug Elevidys.…
Jetcityimage | Istock | Getty ImagesThe U.S. Department of the Treasury has announced new rates for Series I bonds. Newly purchased I bonds will pay 4.03% annual interest from Nov. 1 through April 30, which is up from the 3.98% yield offered through Oct. 31.The new rate includes a variable portion of 3.12%, based on inflation data, and a fixed portion of 0.90%. The combined rate is 4.03% after rounding, according to the Treasury. The fixed rate is down from 1.10% announced in May.Read more CNBC personal finance coverageIn May 2022, the I bond rate hit a record high of 9.62%,…
FBI Director Kash Patel, speaks during a press conference related to arrests of NBA players and coaches for illegal gambling schemes, at the U.S. Attorney’s Office in Brooklyn, New York, October 23, 2025. Eduardo Munoz | ReutersFBI Director Kash Patel said on Friday morning that the FBI had arrested multiple people in Michigan, thwarting “a potential terrorist attack … over Halloween weekend.”Patel, in a social media post, said that other details about the arrests were forthcoming.”This morning the FBI thwarted a potential terrorist attack and arrested multiple subjects in Michigan who were allegedly plotting a violent attack over Halloween weekend,”…
Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025. Brendan Mcdermid | ReutersAmazon shares soared 12% on Friday after the company reported an across-the-board beat for the third quarter and boosted its forecast for spending due to demand for artificial intelligence services.Cloud was a major driver of revenue and profit growth, with sales at Amazon Web Services climbing 20% from a year earlier to $33 billion, topping expectations.The unit generated operating income of $11.4 billion, accounting for roughly two-thirds of Amazon’s total operating profit.Revenue in the digital advertising business, another growth engine,…
