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Cs news6 months ago05 mins

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Hundreds of billionaires pledged to give away $600 billion to charity—but the Bill Gates and Warren Buffett era of philanthropy may be over

Cs news6 months ago6 months ago011 mins

Bill Gates and Warren Buffett ushered in a new Gilded Era of philanthropic giving, likened in influence to the Rockefellers and Carnegies. But charity work is about to look very different as higher taxes are threatened on liberal institutions, and new methods of giving are popularized by women mega-donors. MacKenzie Scott has become a pioneer…

Trump is hosting Central Asian leaders as US seeks to get around China on rare earth metals

Cs news6 months ago07 mins

WASHINGTON — President Donald Trump will host leaders of five Central Asian countries at the White House on Thursday as he intensifies his hunt for rare earth metals needed for high-tech devices, including smartphones, electric vehicles and fighter jets. Trump and the officials from Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan are holding an evening summit…

China–Netherlands fight over Nexperia deepens, leaving global automakers in limbo

Cs news6 months ago04 mins

Following days of talks and negotiations, semiconductor maker Nexperia is now saying it has no clarity “if and when” it will resume delivering the crucial chips (or what the quality would be). The details: As China and the Netherlands continue to battle over control of Nexperia, tensions between the two countries intensified Tuesday, reports Reuters….

Trump has other tariff options if the Supreme Court strikes down his worldwide import taxes

Cs news6 months ago011 mins

WASHINGTON (AP) — President Donald Trump has warned that the United States will be rendered “defenseless’’ and possibly “reduced to almost Third World status’’ if Supreme Court strikes down the tariffs he imposed this year on nearly every country on earth. The justices sounded skeptical during oral arguments Wednesday of his sweeping claims of authority…

Jim Cramer reflects on Nvidia's impact after record-breaking market cap

How Jim Cramer navigates a market selloff

Cs news6 months ago6 months ago04 mins

CNBC’s Jim Cramer offered advice on how to deal with declines, using Tuesday’s down session as an example. He encouraged investors to use widespread losses as a buying opportunity, pointing out that the indexes managed to rebound on Wednesday. “If you trust the market, if you don’t believe that one stock controls the entire tape,…

Elon Musk the trillionaire? Debate over his Tesla pay package rages | Business

Cs news6 months ago6 months ago010 mins

NEW YORK – Elon Musk turned off many potential buyers of his Tesla cars and sent sales plunging with his foray into politics. But the stock has soared anyway and now he wants the company to pay him more – a lot more. Shareholders gathering Thursday for Tesla’s annual meeting in Austin, Texas, will decide…

5 things to know before the stock market opens Wednesday

Cs news6 months ago6 months ago010 mins

A trader works at the New York Stock Exchange on Nov. 3, 2025. NYSE This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. Shock value Stocks sold off yesterday amid investor concerns about the valuations of…

Jeff Bezos’ Ex-Wife Offloads $12.6 Billion in Amazon Stock — Then Gives Massive Donation to Charity

Cs news6 months ago6 months ago07 mins

When you hear of a billionaire reducing their holdings in a company like Amazon, it immediately shocks the business world. In this case, the story of MacKenzie Scott, the ex-wife of Jeff Bezos, is more than just a portfolio adjustment, rather it’s a powerful statement on business and philanthropy. Recently she reduced her Amazon stake…

Japan’s Toyota, hurt by President Trump’s tariffs, reports a drop in profit

Cs news6 months ago6 months ago03 mins

TOKYO — Toyota reported a 7% year-on-year drop in its profit for April-September on Wednesday, as President Donald Trump’s tariffs slammed Japanese automakers, but it raised its forecast for the full fiscal year. Net profit for the April-September period at Toyota Motor Corp. totaled 1.77 trillion yen ($11.5 billion), down from 1.9 trillion yen a…