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Mayor Zoran Mamdani (left) and Jeff BezosGetty Images (left) | CNBC(R)New York City Mayor Zoran Mamdani fired back at Jeff Bezos on Wednesday. Amazon The founder and executive chairman questioned whether raising taxes on billionaires would do anything to help working-class New Yorkers.”I can double the taxes I pay, but it’s not going to help that teacher in Queens. I promise you that,” Bezos said in a CNBC interview early Wednesday.Mamdani responded in X, “I know some teachers at Queen’s who beg for things to be different.”Meanwhile, Mr. Bezos promoted tax cuts for low-income Americans.He called for eliminating the federal…

The administration of US President Donald Trump has filed criminal charges against former Cuban leader Raul Castro over the shooting down of two civilian planes in 1996, killing four people.In a speech at Miami’s Freedom Tower on Wednesday, Acting U.S. Attorney Todd Blanche said the indictment was a historic moment.Recommended stories list of 4 itemsend of list”For the first time in nearly 70 years, senior leaders of the Cuban regime have been indicted in this country, in the United States, for acts of violence that resulted in the death of an American citizen,” Blanche said.“We cannot allow a nation and…

Let’s take a look at the Hurricanes’ stats here. September 24-27, 2024 – Hurricane Helen Category 4 storm. It was the first Category 4 storm to make landfall in Florida’s Big Bend region, creating a 500-mile path of destruction with devastating flooding, wind damage, and power outages. The storm directly caused at least 175 deaths and was the worst hurricane to hit the continental United States since Hurricane Katrina in 2005. September 23-30, 2022 – Hurricane Ian Category 4 storm. It first landed in Cuba as a Category 3. It made landfall on the southwestern coast of Florida as a…

Industry insiders say the next big thing for AI is “proactive” systems, or agents that can anticipate and meet a user’s needs before the user even knows they have a need. One startup looking to make headway in this space is IrisGo. The company, which closed a $2.8 million seed round led by Andrew Ng’s AI Fund earlier this year, is building a desktop companion for PCs that can learn your daily workflows and automate them with limited or no human prompting. Iris was co-founded by Jeffrey Lai, a former Apple engineer who helped build the Chinese version of the…

OpenAI is gearing up for what could be its biggest public market debut in history, preparing to secretly file a draft IPO prospectus as early as Friday, CNBC confirmed Wednesday.The artificial intelligence company, valued by private investors at more than $850 billion, works with the following banks: goldman sachs and morgan stanley A person familiar with the matter, who asked not to be identified because the details are confidential, said they would prepare a submission in the coming days or weeks.”As part of our normal governance, we regularly evaluate various strategic options,” an OpenAI representative said in a statement. “We…

This rendering released by the State Department in Washington, April 28, 2026, shows a U.S. passport with the image and signature of U.S. President Donald Trump.US Department of State | via ReutersPresident Donald Trump’s face should not be printed on special edition U.S. passports, a group led by Democratic senators said in a letter to Secretary of State Marco Rubio on Wednesday.In a letter first shared with CNBC, the group, led by Oregon Sen. Jeff Merkley, called on Rubio to halt plans to issue a limited number of passports featuring President Trump to commemorate the nation’s 250th anniversary.”A portrait of…

This image, included in a court filing by the Department of Justice on August 30, 2022, and partially redacted by sources, shows a photo of documents seized during an FBI search of former President Donald Trump’s Mar-a-Lago estate on August 8, 2022.Department of Justice | APAfter leaving office in January 2021, the former federal prosecutor was charged with stealing a sealed report prepared by then-special counsel Jack Smith in the defunct criminal case against President Donald Trump over his possession of classified government documents.Carmen Mercedes Lineberger is accused in a four-count indictment unsealed Wednesday of saving sealed portions of Smith’s…

Here we will introduce companies that have become a hot topic in intraday trading. Intuit — Shares fell more than 3% after Reuters reported that Intuit, the maker of TurboTax software, plans to cut about 17% of its workforce, or about 3,000 people. Hasbro — Shares of the toy company and maker of the “Magic: The Gathering” games fell more than 8%. Hasbro reaffirmed its outlook for full-year adjusted EBITDA of $1.4 billion to $1.45 billion, compared to the FactSet consensus estimate of $1.44 billion. The company also said it began incurring costs related to the cybersecurity breach in the…

This earnings season, the costs of AI are starting to show up in the numbers. Meta, Shopify, spotifyand pinterest All cited rising AI and inference costs as a drag on profits. Shopify said economies of scale were “partially offset by increased LLM costs.”This is a bill coming due regarding the pricing models that will underpin the expected IPO valuations of OpenAI and Anthropic, both of which are expected to exceed $800 billion. These numbers assume that OpenAI and Anthropic continue to hold market share and pricing power, meaning competitors cannot easily catch up and enterprise customers continue to pay a…

Havana — This is an indictment that could doom any remaining possibility of an agreement to avoid armed conflict between the United States and Cuba. Federal charges against former Cuban leader Raul Castro over the 1996 downing of a commercial plane have outraged Miami’s Cuban exile community, and the charges were announced Wednesday. It was the day Cuban exiles celebrated their independence from Spain. Seeing the government in Havana becoming increasingly weak, anti-Castro exiles argue against any compromise with Havana that would leave Cuban government officials in power. But for Cubans on the island who support the revolution, there is…