Smart long-term bet or short-term risk?

In this Club Check-in, CNBC’s Paulina Likos and Zev Fima break down big tech’s massive artificial intelligence spending spree — debating whether these billion-dollar bets will drive long-term cost savings or weigh on near-term returns. Mega-cap tech companies are shelling out billions of dollars to build out AI infrastructure. The big question we’re asking is…

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Sources: Japanese HR king Murakami available to MLB teams

Japanese star third baseman Munetaka Murakami is entering the posting system on Friday, sources told ESPN, officially starting the process of one of the most anticipated free agencies of the winter. Murakami, 25, owns the single-season home run record as a Japanese player in Nippon Professional Baseball, hitting 56 in 2022, breaking Sadaharu Oh’s record…

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Kinzinger on MAGA heir apparent: 'Nobody knows'

Former Rep. Adam Kinzinger (R-Ill.) said Thursday that the future of the Republican Party’s leadership is unclear after President Trump leaves the White House. “You’re starting to see this civil war emerge within the GOP,” Kinzinger said during an appearance on CNN’s “AC360.” He said, “People ask me all the time what will happen when…

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Federal employees are losing shopping interest

Affirm CEO Max Levchin said Friday that while the buy now, pay later firm isn’t seeing credit stress among federally employed borrowers due to the government shutdown, there are signs of a change in shopping habits. “We are seeing a very subtle loss of interest in shopping just for that group, and a couple of…

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All those corporate layoffs? Don’t blame AI.  

In the last few months, many well-known companies have announced layoffs of thousands of employees. Above Said it was getting rid of 48,000 employees. Amazon There is a loss of Rs 30,000. intel Firing 24,000. IBM, Target, to shelter, accenture And ford Thousands more are being eliminated. The list goes on. And the culprit? According…

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Block stock sinks after third quarter results miss estimates

Block shares fell 10% Friday after weak third-quarter earnings fell short of Wall Street expectations and showed slowing profit growth for the company’s Square service. Here is how the company did compared with LSEG estimates: Earnings per share: 54 cents adjusted vs. 67 cents expected Revenue: $6.11 billion vs. $6.31 billion expected The Jack Dorsey-founded firm’s shares…

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