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President Donald Trump’s tariffs, aimed at replacing American jobs lost to overseas manufacturing, could instead lead to job cuts at home, according to recent statements from business executives and economic forecasters.The labor market is already in a “no layoffs, no jobs” situation, and there are growing concerns that tariffs on U.S. imports will raise operating costs and force companies to cut payrolls.For example, respondents to the Institute for Supply Management’s survey on factory conditions in November expressed increased levels of concern.”We’re starting to implement more permanent changes because of the customs environment,” said one transportation equipment executive. “This includes job…
Amazon on Tuesday announced a new product called “AI Factories” that will allow large companies and governments to run AI systems in their data centers. Or, in AWS’s words, the customer supplies the power and data center, and AWS integrates and manages the AI system and connects it to other AWS cloud services. The idea is to respond to businesses and governments concerned about data sovereignty, or having complete control over data so it doesn’t fall into the hands of competitors or foreign adversaries. An on-premises AI factory means no data is sent to the model maker and no hardware…
Jenna Johnson reveals her 2-year-old son Roma with Val Chmerkovskiy was hospitalizedVal Chmerkovskiy and Jenna Johnson’s son Roma didn’t just see his mom kissing Santa Claus on Dancing with the Stars. The 2-year-old made his social debut on ABC’s Dancing with the Holidays special on Dec. 2, appearing with his parents in a dance routine to “I Saw Mommy Kissing Santa Claus.” The performance began with Roma, wearing a white collared shirt, burgundy vest, and matching pants, sitting on a velvet couch with his parents. His parents whispered to the dance floor as the classic Christmas hits began to play.…
A version of this article appeared in CNBC’s Inside Alts newsletter. This newsletter is your guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive future editions directly to your inbox.The bankruptcy of First Brands Group has put a spotlight on asset-backed financing, one of the fastest growing areas of private credit.Private asset-backed financing (ABF) involves lending to a specific asset, income source, or loan, rather than lending to a company based on cash flow. According to KKR, the private ABF market has doubled since 2008…
Amazon Web Services’ annual technology conference, AWS re:Invent, has concluded its first official day of programming and is already delivering an endless stream of product news. Naturally, the theme is enterprise AI, but this year is all about upgrades that give customers more control to customize their AI agents, including one that AWS claims can learn from users and operate independently for days. AWS re:Invent 2025, which runs through December 5, kicked off with a keynote address from AWS CEO Matt Garman. He embraced the idea that AI agents could unlock the “true value” of AI. “AI assistants are starting…
Amazon Web Services’ two-track approach to artificial intelligence came into sharper focus Tuesday as the world’s largest cloud moved closer to Nvidia in developing its own custom chips. At Amazon’s annual conference AWS Re:Invent 2025 in Las Vegas, Amazon Web Services CEO Matt Garman announced Trainium3, the latest version of the company’s in-house custom chip. It has 4x more computing performance, energy efficiency, and memory bandwidth than the previous generation. AWS announced that early results from customers who tested Trainium3 showed AI training and inference costs reduced by up to 50%. Custom chips like Trainium are becoming increasingly popular among…
Venezuelan President Nicolas Maduro appears further isolated this week after losing two regional allies, Honduras and Saint Vincent and the Grenadines, in votes to counter Washington’s naval buildup in the Caribbean. In Honduras, preliminary results from Sunday’s election made one thing clear. Candidate Rixie Moncada, a protégé of leftist President Xiomara Castro, had little chance of winning the presidential election, dropping to a distant third place. While votes are still being counted, the race has narrowed down to two right-wing candidates: Salvador Nasrallah, who has pledged to sever ties with the Venezuelan government, and Nasry Asfura, who US President Donald…
Sabrina Carpenter performs during her “Short and Sweet” tour at Madison Square Garden on October 26, 2025 in New York, New York. Kevin Mazur | Getty ImagesPop star Sabrina Carpenter on Tuesday criticized the Trump administration for using her 2024 hit song “Juno” as the soundtrack for a TikTok video showing Immigration and Customs Enforcement agents detaining people during raids.In response to the White House posting the ICE video on TikTok, Carpenter wrote to X, “This video is evil and disgusting.””Please don’t ever implicate me or my music for your inhuman purposes,” she added.The clip posted by the White House…
Based on recent stock market performance, Alphabet’s Google just gained an edge over OpenAI’s ChatGPT. Shares of Alphabet and its chip partner Broadcom have soared this quarter after the release of a new version of Gemini AI, while private OpenAI distributors Nvidia and Microsoft have underperformed. Google, once considered an AI laggard, surprised the market last month by releasing the equivalent Gemini 3 AI model, which outperformed several features of ChatGPT and GPT family models in industry benchmark tests. Google also released its latest custom silicon chip, a 7th generation Tensor Processing Unit called Ironwood, in November, followed by reports…
‘1000 Pounds’ Sisters star Amy Slaton marries Brian Lovborn at Haunted Inn on HalloweenAmy and Tammy Slaton are feeling the weight of family drama. A new trailer for Season 8 of 1000 Pound Sisters shows the sibling duo’s once-close bond seemingly on thin ice, detailing an ongoing rift. “I feel like we’re estranged,” Tammy, 39, said of her sister in a confessional interview. “She used to be my best friend.” However, the relationship between the two seems to have changed significantly. When Tammy’s brother Chris Combs asked her if she and Amy “stopped fighting,” she replied, “If Amy is going…