California faces an $18 billion budget gap despite AI tax windfall California faces an $18 billion budget gap despite AI tax windfalls

California faces a looming $18 billion budget gap, even as AI-powered tax gains mask deeper budget pressures. The impartial one Legislative Analyst’s Office warns that AI-driven tax windfalls could mask serious fiscal risks. In its November 2025 budget outlook, the agency said the state’s economy remains under pressure and recent revenue strength may not last. […]

Bernie Sanders Questions Whether AI Will Really Serve Workers or ‘What Mr. Musk and Mr. Bezos Have in Mind’ as Geoffrey Hinton Reveals the Real Risk – Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN)

This week in an extensive discussion on Georgetown Universitysenator Bernie Sanders (I-Vt) and AI pioneer Geoffrey Hinton warned that artificial intelligence can improve lives – but only if it is controlled by people whose interests extend beyond those of technology billionaires. Sanders wonders who AI will really benefit During a public forum, Sanders argued that […]

It’s a bird, it’s a plane, it cost $9.12 million for a record-breaking Superman comic found in the attic – Warner Bros. Discovery (NASDAQ:WBD)

Warner Bros. Discovery (NASDAQ:WBD) is currently exploring bids for the company and its assets, including the Superman brand. A Superman comic book also recently received bids and set a new record sales price. Superman breaks record When it comes to comic books, Superman is one of the oldest and oldest brands dating back to his […]

Deal Dispatch: Abbott, TPG, Lonza making big strides; M&M Custard & New Fortress Energy Struggle – Abbott Laboratories (NYSE:ABT), Comcast (NASDAQ:CMCSA)

New on the block Swiss life sciences giant Lonza group is shopping the capsules and health ingredients division, and the shortlist is full of private equity heavy players. In the running: Altar, Lone Star FundsAnd One rock capital. Expected sales price: minimum €2.5 billion (US$2.8 billion). Think of it as a showdown along the supplements, […]

Nvidia’s Earnings Lifeline: How Chipmaker’s Win Attracted Broader ‘Risk-On’ Assets Flowing Into AI Crossfire – NVIDIA (NASDAQ:NVDA)

Nvidia Corp.‘s (NASDAQ:NVDA) The blockbuster third-quarter numbers on November 19 were a rebuke to the growing chorus of AI bubble warnings, sparking a rapid risk-on rally that spread across asset classes. View the NVDA share price here. NVDA Earnings Defy AI Bubble Chorus This broad market reprieve defied the dire predictions of a group of […]

Top Wall Street Forecasters Revise Jacobs Solutions Expectations Ahead of Fourth Quarter Earnings – Jacobs Solutions (NYSE:J)

Jacobs Solutions Inc. (NYSE:J) will report fourth-quarter earnings results before the opening bell on Thursday, November 20. Analysts expect the Dallas, Texas-based company to report quarterly profit of $1.68 per share, up from $1.37 per share a year ago. The consensus estimate for Jacobs Solutions’ quarterly revenue is $3.14 billion. Benzinga Pro data shows quarterly […]

Nvidia says rising demand for AI chips could push Blackwell-Rubin sales above $500 billion target as shares rise more than 5% after hours – NVIDIA (NASDAQ:NVDA)

On Wednesday, Nvidia Corp. (NASDAQ:NVDA) said demand for its latest AI chips continues to increase at a pace that could boost overall revenue for its company Blackwell And Rubin platforms beyond the previously announced target of $500 billion through 2026. Nvidia reaffirms a massive $500 billion roadmap with significant benefits ahead During the company’s earnings […]