cnbc_topnews

Jim Cramer warns AI's circular financing frenzy echoes the dot-com bubble

📰 source: cnbc_topnews · 💼 business

jim cramer warned monday that the circular financing in ai is echoing the dot-com bubble, pointing to nvidia's reported $250 billion backstop for openai's planned data center. nvidia shares fell over 4% after the wall street journal report. nvidia has invested $30 billion in openai and $10 billion in anthropic, both major chip customers. cramer compared it to the late 1990s when telecom equipment makers financed customer purchases, leading to losses when buyers couldn't pay. he stressed nvidia remains strong but said over-reliance on customers dependent on capital access is risky. cramer noted many companies now count on data center spending for earnings, and a loss of confidence could trigger a repeat of 2000.

why it matters: cramer's dot-com comparison raises red flags for ai infrastructure spending dependency, echoing lessons from 2000.

source: cnbc_topnews
sentiment: -0.50 · impact: 0.60

Surprise fall in US jobs last month as slow summer continues

📰 source: bbc_business · 💼 business us jobs fell by 23,000 last month, against forecasts for an 80,000 gain, with the bureau of labor statistics also revising down may and june payrolls by a combined 103,000. the unemployment rate still dipped to 4.1% from 4.2%, as labor

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

📰 source: cnbc_topnews · 💼 business homes sold for less than their asking price in 38 of the 50 largest u.s. housing markets in june, per redfin. the biggest discounts hit florida and texas: miami and west palm beach averaged nearly 5% below asking, while houston, austin, tampa, dallas, san antonio,

China is gaining ground in AI. But the U.S. still has a major advantage

📰 source: cnbc_topnews · 💼 business hugging face ceo clément delangue told cnbc china is clearly dominating on open models and could start dominating at the frontier by end of this year or next. chinese models are closing the gap with u.s. frontier systems despite limited access to cutting-edge compute. beijing-based

US strikes $1.2bn deal to pay German firm to halt offshore wind projects

📰 source: bbc_business · 💼 business rwe will abandon its offshore wind projects in the us after accepting a $1.2bn payout from the department of the interior. the german energy firm said it will reinvest the money into gas projects, including $900m for an lng export terminal in louisiana. rwe will

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Surprise fall in US jobs last month as slow summer continues

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

China is gaining ground in AI. But the U.S. still has a major advantage

US strikes $1.2bn deal to pay German firm to halt offshore wind projects