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TeraWulf CEO: Google has an in-house expert at every stage of value chain
CNBC Television· 2025-11-26 20:58
Let's talk more about it now with Terrell Wolf's co-founder and CEO Paul Prager. Paul, thanks for for coming back on. Um, what did you and your team see in Alphabet that it appears that others may have missed.>> I don't know if anybody could have missed it. I mean, they've been out in front of AI for nearly two decades. Um, they pioneered large-scale machine learning.They designed their own custom silicon. uh and they understand better than anyone uh that the next era of AI requires large enormous durable p ...
Prediction markets are ultimately a futures product, says StockBrokers.com's Inskip
CNBC Television· 2025-11-26 20:58
Today it's kind of all about the prediction markets because trading platform Robin Hood teaming up with huge financial firm Susuana to launch a predictions futures market. It's clear that predictions markets are booming. But what stocks may boom because the boom in predictions market.Well, let's get a prediction. Jessica Insk is director of investor research at stockbrokers. com and joins us now.So Robin Hood getting a nice pop. Jessica, but you think there's another name, a big name to watch in this predic ...
Bitcoin rises alongside stocks ahead of Thanksgiving holiday: CNBC Crypto World
CNBC Television· 2025-11-26 20:57
Today, crypto prices inch higher as stocks are in the green. Families of the victims of the October 7th attacks by Hamas are suing Binance. And Panta's Cosmo Jen breaks down what's fueling the crypto sell-off and what to expect for prices in 2026.Welcome to CNBC's Crypto World. I'm Talia Kaplan. Major cryptocurrencies inching higher this morning as stocks are on the rise ahead of the Thanksgiving holiday.By noon Eastern, Bitcoin rose 8/10en of 1% and traded at $87,800. Ether gains more than half a percent a ...
Two National Guardsmen shot near White House, says Department of Homeland Security
CNBC Television· 2025-11-26 20:55
Incident Overview - Shooting incident occurred near the White House in Washington DC approximately 20 minutes prior to the report [1][5] - Incident location is around 17th and 8th Street, between Farragut Park and Lafayette Park [2] - Ronald Reagan National Airport (DCA) experienced a ground stop due to security concerns [3] Casualties and Suspect - Two National Guardsmen were shot and are in critical condition [1][6] - Conflicting initial reports existed regarding the number of casualties [5] - A suspect is in custody and was also shot [2][6] Medical Response - A medevac helicopter landed on the Ellipse south of the White House and transported casualties to a medical facility [4][6]
Fed: Some retailers see negative impact from government shutdown on consumers
CNBC Television· 2025-11-26 19:35
Economic Activity & Consumer Spending - Economic activity showed little change, with some districts experiencing modest decline [1] - Consumer spending declined, though high-end retail remained resilient [1] - Auto dealers saw declines in EV sales, possibly due to the expiration of tax incentives [1][2] Manufacturing & Trade - Manufacturing increased somewhat, but tariffs and tariff uncertainty acted as headwinds [2] - Input cost pressures were widespread in manufacturing and retail, largely due to tariffs [6] - Companies faced margin compression and financial strains from tariffs, with mixed plans to raise prices [7] Labor Market & Employment - Employment declined slightly, with half of districts reporting weaker labor demand [3] - Hiring freezes and attrition were used to limit employment rather than layoffs [4] - AI replaced entry-level positions or increased worker productivity, curbing new hiring [5] - Employers found it easier to find workers in some sectors, but construction remained tough [5] - Wages grew at a modest pace, but rising health insurance premiums put upward pressure on labor costs [5] Inflation & Prices - Prices rose modestly during the period [6] - Pass-through of higher input costs varied across companies [7] Social Impact - Community organizations saw increased demand for food assistance, partly due to SNAP disruptions [3] Real Estate - Ongoing recovery was noted in the office real estate market [2]
Pentagon said Alibaba should be on list for China military ties: Report
CNBC Television· 2025-11-26 19:22
Before you go, Dearra, Alibaba shares are on the move today following a Bloomberg report that says the Pentagon is suggesting putting the company on a list for helping the Chinese military. What do we know about that story. >> So, this really follows the pattern that I have just been talking about.Chinese, the industry, Beijing, it's concerned about being restricted to US tech and it knows that it has to rely and build up its own AI champions like an Alibaba. So the US is increasingly viewing China's entire ...
What to know about Moore Threads, China's first domestic GPU maker
CNBC Television· 2025-11-26 19:22
China's first ever domestic GPU maker, More Threads, is readying a public debut in Shanghai. Now, it was founded by former Nvidia employees now trying to take on the chip giant itself. Dear Drabosa has more in today's tech check.Uh, Deardra, this is all about GPUs and just what it can do in the domestic Chinese market. >> Yeah, and it's about a story I know we're going to talk to as well is securing China securing its own supply for Nvidia in particular. This could also be a two-front challenge.Google's TPU ...
54% of consumers use AI for holiday shopping support: Simon-Kucher
CNBC Television· 2025-11-26 19:15
that while AI is indeed going mainstream, many shoppers preferred that more personal approach as Julie alluded to when it comes to things like shopping and gifting. So joining me now to discuss discuss this is Shika Jane. She's the lead partner for consumer and retail over at Simon Cusher.Uh this is interesting. Uh uh again the whole idea of agentic AI changing the paradigm by which we shop and spend money. Is it going to be revolutionary this holiday season. And if not this holiday season, when does it bec ...
Increase in delistings is propping up home prices, says Redfin CEO
CNBC Television· 2025-11-26 19:09
Market Transition - The housing market has shifted from a seller's market to a buyer's market, marking the first shift in at least a decade [3] - Sellers are hesitant to lower prices due to concerns about not being able to pay off their mortgages, a situation unseen in 10-15 years [3][11] - The market is expected to remain in limbo until around the time of the Super Bowl, as people pack it in for the holidays and wait to see what direction the housing market will take [5] Factors Influencing Market Behavior - Macroeconomic uncertainty and stock market volatility are causing people to hesitate on making 30-year commitments to new homes [5][6] - Lower interest rates, especially if they drop below 6%, would help the market [6] - Home prices need to adjust, as sales volume is down as much as 50% in some markets, but prices remain relatively stable, creating a standoff between buyers and sellers [7] Regional Cold Spots - Areas that were previously hot, like Florida and Texas, are now experiencing the most stale listings [12] - Over 70% of listings in Florida are stale [11] - The Washington DC area has seen a sharp increase in stale listings, potentially due to government uncertainty [11]
MIT study finds AI can already replace 11.7% of U.S. workforce
CNBC Television· 2025-11-26 19:00
Now MIT has built agent clones of 151 million working Americans, essentially software counterparts to real people in order to identify which jobs are most at risk years before layoffs hit. Now, it's called the iceberg index, and it uses these agents to map more than 32,000 skills across 923 occupations in 3,000 counties, revealing exposure to AI displacement in every state, not just coastal cities. The report shows that while only 2% of AIdriven wage disruption is visible in tech hubs today, there's actuall ...