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E. Jean Carroll arrives at Manhattan federal court in New York as her defamation suit against Donald Trump continues in New York City on Jan. 26, 2024.Spencer Platt | Getty ImagesThe writer E. Jean Carroll is seeking the prompt release of the nearly $5.8 million she is owed from a civil jury verdict holding President Donald Trump liable for sexually abusing and defaming her, a new court filing by her lawyers said.But Trump wants to delay that so he can potentially ask the Supreme Court to reconsider its refusal Monday to hear his appeal, according to the filing in U.S.…

Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. The S & P 500 is up to start the new month. Meanwhile, the Nasdaq is still under pressure as investors took profits in semiconductor stocks — a group that saw record-breaking rallies in the first half of the year — including Micron , Sandisk , Nvidia and Broadcom . In Jim Cramer’s top 10 this morning, he said to “expect profit-taking on the winners.” One hyperscaler Jim is very excited about is Meta…

By Anousha Sakoui, Echo Wang and Kane Wu LONDON/NEW YORK/HONG KONG, July 1 (Reuters) – A surge in $10-billion-plus “mega-deals” drove global M&A to record levels in the first half of 2026, LSEG data shows, as some companies took advantage of an easier regulatory backdrop to pursue what advisers said are their dream deals. The total value of announced deals hit $2.8 trillion in the first six months, up 48% year-on-year and the highest year-to-date total since LSEG records began in 1980. Yet the number announced fell 9% to 24,000 so far in 2026, a six-year low. Blockbuster deals dominated,…

NASA Administrator Jared Isaacman formally classified the 2024 crewed flight of the Starliner spacecraft as a “Type A” mishap in February, acknowledging that the test flight was a serious failure. Two of NASA’s senior human spaceflight officials left their posts later that month. The inspector general reported that “ambiguity in NASA requirements and delays in the appropriate mishap classification hindered the resolution of CFT issues.” While agreeing with NASA’s decision to fly only cargo on the next Starliner mission, the inspector general wrote that a flight without astronauts would not satisfy all of the agency’s human-rating certification milestones. It also…

Andy Burnham has said he will ask the home and foreign secretaries to “review all possible options” to deport the ringleader of a notorious Rochdale grooming gang.Shabir Ahmed is due to be released from jail this week, after being convicted for multiple counts of rape and sexual offences against girls in 2012.Burnham, who is widely expected to succeed Sir Keir Starmer as prime minister later this month, said he wanted to see Ahmed removed from the country.Ahmed had dual British-Pakistani citizenship and was stripped of his British citizenship following his conviction.But documents shared online, reportedly from the Probation Service, say…

President Donald Trump signs executive orders relating to higher education institutions, alongside Secretary of Education Linda McMahon, right, in the Oval Office of the White House in Washington, April 23, 2025.Saul Loeb | Afp | Getty ImagesStudent loan borrowers don’t need to worry about losing eligibility for Public Service Loan Forgiveness based on their employer, after two federal judges blocked a Trump administration rule.On Tuesday, U.S. District Judge Amir Ali struck down the regulation adding new restrictions to PSLF, which were going to start July 1. On the same day, U.S. District Judge Myong Joun sided with states, cities and…

Short sellers boost bets against SpaceX and it’s already costing them Source link

Shares of Meta popped 10% on Wednesday following news that the company is building out a new cloud business that could help recoup some of the billions of dollars it’s poured into artificial intelligence infrastructure.Meta will sell its excess computing power to outside customers, CNBC’s Jim Cramer confirmed. Bloomberg was first to report the news.The company is debating whether it will offer access to AI models that are hosted on its infrastructure, or whether it will sell access to raw computing power, according to Bloomberg. A representative for Meta did not immediately respond to CNBC’s request for comment.Model developers, including…

President Donald Trump on Wednesday brushed off questions about the staggering amount of money reported in his sprawling 2025 financial disclosure, saying his investment decisions are made by outside parties and he’s only profiting because the stock market is up.”I don’t get involved in my personal — we have funds that run my money,” Trump told reporters at Joint Base Andrews before boarding a Qatar-gifted jumbo jet that was converted to become the new Air Force One.Trump had been asked what message Americans should take from his highly lucrative first year back in the White House.”Well, I’ve made a lot…

Palantir CEO Alex Karp on Wednesday criticized the token model used by U.S. artificial intelligence labs Anthropic and OpenAI as costs skyrocket. “I’m not throwing shade at them, but something has gone completely wrong,” he told CNBC’s “Squawk Box.” “The basic view among enterprises in this country is I’m going to chillax and waste my time with tokens.”As AI costs surge, and new models prove pricier than previous iterations, enterprises are shifting from a mindset of so-called “tokenmaxxing” in favor of a return on investment. That setup is prompting some enterprises to adopt open weight models, capable of performing similar…