Author: Daniel snow

Artificial intelligence robot looking at futuristic digital data display.Yuichiro Chino | Moment | Getty ImagesBusinesses are turning to artificial intelligence tools to help them navigate real-world turbulence in global trade.Several tech firms told CNBC say they’re deploying the nascent technology to visualize businesses’ global supply chains — from the materials that are used to form products, to where those goods are being shipped from — and understand how they’re affected by U.S. President Donald Trump’s reciprocal tariffs.Last week, Salesforce said it had developed a new import specialist AI agent that can “instantly process changes for all 20,000 product categories in…

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CNBC’s Jim Cramer on Friday guided investors through next week on Wall Street, saying quarterly reports from Nvidia, Costco, Dell and Salesforce have the potential to move their respective sectors and the rest of the market.He also warned that stocks’ performance can depend on action from President Donald Trump.”We’re headed into a fickle week, one that will no doubt be punctuated with presidential postings about our trading partners, their intransigence, their negligence, their perfidiousness,” he said. “Of course, the market ultimately shrugged off the real negative postings from this morning and, instead, focused on the endless obsession, the ten-year, which was…

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United Airline flight attendants picketed outside Terminal B at Logan Airport Thursday morning seeking a new contract.John Tlumacki | Boston Globe | Getty ImagesUnited Airlines reached an “industry-leading” tentative labor deal for its 28,000 flight attendants, their union said Friday.The deal includes “40% of total economic improvements” in the first year and retroactive pay, a signing bonus, and quality of life improvements, like better scheduling and on-call time, the Association of Flight Attendants-CWA said.The union did not provide further details about the deal.United flight attendants have not had a raise since 2020.The cabin crew members voted last year to authorize…

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Crypto investor and $TRUMP token holder, Nicholas Pinto, attends gala dinner for contest winners.Nicholas PintoThe price of President Donald Trump’s meme coin plunged 16% as of Friday morning, just hours after he hosted a black-tie gala at his Virginia golf club for its biggest buyers — an elite crowd that spent a combined $148 million on the token for the chance to be there.It was billed as “the most exclusive invitation in the world.” Among the 220 attendees were crypto influencers, industry executives like Sandy Carter of Unstoppable Domains, and former NBA star Lamar Odom, who used the occasion to…

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Artistgndphotography | E+ | Getty ImagesIf you own mutual funds, year-end payouts can trigger a surprise tax bill — even when you haven’t sold the underlying investment. But some lawmakers want to change that.Sen. John Cornyn, R-Texas, this week introduced a bill, known as the Generate Retirement Ownership Through Long-Term Holding, or GROWTH, Act. If enacted, the bill would defer reinvested mutual fund capital gains taxes until investors sell their shares.Bipartisan House lawmakers introduced a similar bill in March.Why mutual funds incur capital gains taxWhen you own mutual funds in a pre-tax 401(k) or individual retirement account, growth is tax-deferred.…

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