Amazon ‘s latest round of layoffs may help the bottom line, but CNBC’s Jim Cramer encouraged investors to keep their eyes on what really matters. That would be Amazon Web Services. The e-commerce and cloud giant said Tuesday it will cut 14,000 corporate jobs, or about 4% of the total corporate and tech workforce, to invest in other higher-priority areas such as generative AI. The company employs roughly 1.5 million people around the world. Most of those positions are warehouse jobs. “The reductions we’re sharing today are a continuation of this work to get even stronger by further reducing bureaucracy,…
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RBC Capital Markets is adopting a bullish stance on Evergy from here. The bank initiated the utility stock with an outperform rating. Analyst Stephen D’Ambrisi also set a price target of $93, implying that shares of Evergy could rise 19% from their current level. D’Ambrisi highlighted an incoming increase in load growth, aided by the progress Evergy has made in improving the regulatory climate in both Kansas and Missouri. This climate has been a historical overhang on valuation as well as a source of earnings volatility, the analyst wrote. EVRG YTD mountain EVRG YTD chart “We believe EVRG has made…
Gold has fallen into correction territory now that investor fears around China tensions, Federal Reserve independence and an artificial intelligence bubble have been soothed. After topping $4,300 just last week, both spot gold and gold futures have made short work of dipping below $4,000. The yellow metal is still up more than 40% in 2025. That pullback could continue over the near term, according to Maximilian Layton, global head of commodities research at Citi. Now that gold has breached $4,000, Layton expects $3,800 is the next stop for the yellow metal, a fall of more than 4% from current levels.…
“SNAP/EBT Food Stamp Benefits Accepted” is displayed on a screen inside a Family Dollar Stores Inc. store in Chicago, Illinois.Daniel Acker | Bloomberg | Getty ImagesA group of more than two dozen states sued the Trump administration on Tuesday, seeking to maintain funding of so-called SNAP benefits during the ongoing federal government shutdown.The suit was filed four days after the Trump administration said it would not use emergency funding to maintain benefits during the shutdown from the Supplemental Nutrition Assistance Program, which provides food stamps to more than 40 million Americans.The U.S. Department of Agriculture has said that SNAP benefits…
A person rides an electric scooter past the air traffic control tower at Reagan Washington National Airport as the U.S. government shutdown continues in Arlington, Virginia, U.S., Oct. 8, 2025. Nathan Howard | ReutersU.S. air traffic controllers Tuesday missed their first full paychecks since the government shutdown began at the start of the month, while the Department of Transportation said flight delays due to staffing shortages have increased.The controllers are facing increased financial stress and it’s getting harder to recruit much-needed workers, union officials and Transportation Secretary Sean Duffy said Tuesday. Air traffic controllers and airport security screeners are among…
Signage at the Microsoft campus in Mountain View, California, US, on Thursday, Oct. 23, 2025. Benjamin Fanjoy | Bloomberg | Getty ImagesMicrosoft’s GitHub unit on Tuesday announced Agent HQ, a new “mission control” interface that will allow software developers to manage coding agents from multiple vendors on a single platform. An artificial intelligence agent is a tool that can independently complete tasks on behalf of a user. Several companies, including GitHub, have built and released popular agents that are specifically designed for programming. Developers have a range of new capabilities at their fingertips because of these agents, but it can require a…
Bridgewater Associates founder Ray Dalio on Tuesday warned that a bubble could be forming around megacap technology in the U.S. amid the artificial intelligence boom, but said that it may not end until the Federal Reserve reverses its current easy policies.”There’s a lot of bubble stuff going on,” Dalio told CNBC’s Sara Eisen in an exclusive interview from the Future Investment Institute in Riyadh, Saudi Arabia. “But bubbles don’t pop, really, until they are popped by tightness of monetary policy and so on.”Added Dalio, “We’re going to be more likely to ease rates than to tighten rates.”The hedge fund titan…
BARCELONA, SPAIN – FEBRUARY 26: A logo sits illuminated at the Nokia booth in the Mobile World Congress 2024 on February 26, 2024 in Barcelona, Spain. (Photo by Xavi Torrent/Getty Images)Xavi Torrent | Getty Images News | Getty ImagesNokia announced on Tuesday that Nvidia will purchase $1 billion in new Nokia shares, the latest equity stake in a strategic partner for the artificial intelligence chip giant.Nokia shares soared 18% higher following the news.Nokia will issue over 166 million new shares. Nokia said that it would use the proceeds to fund its plans for AI and other general corporate purposes.The two…
[The stream is slated to start at 12 p.m. ET. Please refresh the page if you do not see a player above at that time.]Nvidia CEO Jensen Huang will deliver a keynote speech from Washington at 12 p.m. ET Tuesday for the company’s second GTC conference this year.Although the event is typically held in San Jose, California, Huang said during the keynote pregame that the conference was moved to the capital so that President Donald Trump could attend. Trump, however, was unable to attend due to his five-day Asian tour to Malaysia, Japan and South Korea.Trump is expected to meet…
