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When Naseema McElroy was 25 years old, she owned five rental properties. That’s how she planned to build her wealth.Taking advantage of the subprime lending practice that made it easy for borrowers with weak credit histories to get high-interest mortgages in the early 2000s, McElroy borrowed as much as she could to buy multiple properties, thinking everything would work out in the end, she told CNBC Make It.About a year later, in 2008, the housing market crashed. “I was really naive,” McElroy says. Suddenly, she owed the lender more than the value of her property. To avoid foreclosure, she says…
If you need some catharsis from the news that Amazon is laying off 16,000 employees, Block is cutting nearly half its workforce, Atlassian is cutting 10% of its workforce, and Meta is reportedly considering even more massive layoffs, all in the name of AI, you might want to read the response to Sam Altman’s recent post on X. OpenAI CEO Altman said Tuesday. “I’m so grateful to the people who wrote such complex software, letter by letter. It’s already hard to remember how much work it really took. Thank you for getting us this far.” I’m very grateful to the…
Latest information on Spanish Like the Hydra of Lerna in Greek mythology, a serpent-like monster that grows two new heads for every head it cuts off, organized crime in Latin America is proving difficult to defeat with the kind of decapitation tactics apparently favored by President Donald Trump. Every time a drug lord falls, several others aspire to succeed him. A case in point was the case last month when Nemesio Oseguera Cervantes, known as “El Mencho,” was fatally wounded in a Mexican military operation supported by U.S. intelligence. His death sparked violent retaliation across Mexico, resulting in 60 deaths…
You may have missed Kaia Gerber and Louis Pullman’s date night at the Vanity Fair Oscar PartyNicholas Hoult’s wife Briana Holly doesn’t tolerate body shamers. After the Mad Max: Fury Road actor and model enjoyed a romantic date night at the 2026 Vanity Fair Oscar Party, Brianna clapped back at critics who commented about her breasts. The mother-of-two wrote on her Instagram Stories Match 17 alongside a photo of herself and Nicholas from the evening: “I see the comments about my breasts and I don’t owe *anyone* an explanation,” adding: “But this is the product of a nursing mother who…
Instability and rising geopolitical tensions brought about by the Iran war pose a threat to automakers based in the Middle East.European luxury and high-performance brands such as porsche, mercedes benz, BMWrolls royce, ferrari All of these companies have thriving businesses in the Middle East market, and although their market size is less than one-fifth that of the United States, they boast a scale that exceeds that of the United States in terms of profits.”The Middle East has recently become one of the most profitable structural growth regions for luxury automakers,” said Metzeler Research analyst Pal Sukata. These automakers face declining…
An AI agent at Meta acted fraudulently, exposing sensitive company and user data to unauthorized employees. According to an incident report seen and reported by The Information, a Meta employee posted on an internal forum asking for help with a technical question, which is standard practice. However, when another engineer asked the AI agent to analyze the question, the agent posted the answer without asking the engineer’s permission to share. Mehta confirmed the incident to the Information. As it turns out, the AI agent didn’t provide good advice. The employee who asked the question ultimately took action based on the…
Colorful sneakers look set to be the next hot trend to take over spring. PUMA’s H Street sneaker line is a new collection that boldly incorporates that stance. The campaign, which launched in March, features the brand’s global ambassador Blackpink Rosé wearing the sneakers in a classic suburban (and slightly surreal) lawn version. H Street is a reinvention of PUMA’s Y2K archive athletics track design and late 90’s Harambee silhouette. In other words, it combines the casual mesh and lightweight feel of a Harambee with the sprinting feel of a running shoe. But what is this collection’s most striking design…
President Donald Trump has granted a 60-day waiver to long-standing U.S. shipping laws in an effort to stabilize oil markets amid the Iran war, the White House confirmed to CNBC on Wednesday.White House press secretary Caroline Leavitt said in a statement that the suspension of the Jones Act “will allow critical resources such as oil, natural gas, fertilizer and coal to flow freely into U.S. ports for 60 days.”Levitt said the Trump administration “remains committed to continuing to strengthen critical supply chains.”The Jones Act, signed by then-President Woodrow Wilson in 1920, mandated that transportation of goods between U.S. ports must…
Kim Kardashian’s Oscar night didn’t go as planned. In fact, the Keeping Up With the Kardashians star fell into the bushes on her way to the Vanity Fair Oscars afterparty. At the afterparty, her sisters Kendall Jenner and Kylie Jenner (who were joined by boyfriend Timothée Chalamet) and mother Kris Jenner also appeared on the red carpet. (Click here to see all the celebs attending the star-studded party.) In a behind-the-scenes TikTok posted on March 15, Kim tweeted to her longtime friend Stephanie Shepard, “Maybe these shoes should be tighter,” while walking along an outdoor path surrounded by greenery. This…
A job seeker waits to speak with a recruiter at a job fair on August 28, 2025 in Sunrise, Florida.Marta Lavandier | APExperts say the U.S. unemployment insurance system is unprepared for a recession, with benefits in many states falling far short of workers’ wages. Most states currently offer maximum benefits that fall well below the bipartisan recommendation that maximum benefits cover at least two-thirds of a worker’s historical average weekly wage, according to an analysis provided exclusively to CNBC by Michelle Evermore, a senior fellow at the National Academy of Social Insurance, a nonprofit organization focused on the nation’s…