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The Iran war wasn't the only focus. Corporate earnings and a split between hardware and software stocks caught our attention as well. View More

It was another week under the thumb of the Iran war. The S & P 500 and Nasdaq each finished Friday at record closing highs after whipsawing on Middle East developments throughout the week. Oil prices also swung sharply as Iran and the U.S. imposed blockades in the Strait of Hormuz, a critical oil shipping route. Nevertheless, the record-breaking gains ensured another positive week for the S & P 500 and the Nasdaq, which climbed 0.6% and 1.5%, respectively. The Iran war wasn't the only focus. Corporate earnings and a split between hardware and software stocks also caught our attention. Here's a breakdown of the three themes that swayed Wall Street over the past five sessions. War headlines With little progress in peace talks last weekend, Monday was a down day for stocks. Tuesday wasn't much better after President Donald Trump told CNBC the U.S. was "ready" to bomb Iran if a deal wasn't made by Wednesday's ceasefire deadline. The tide turned Wednesday when the S & P 500 and Nasdaq closed at records after Trump announced a two-week ceasefire extension. Just when the market had finally caught its bearings, another reversal came Thursday. Stocks came under pressure, and oil spiked, when Trump said he had ordered the U.S. Navy to "shoot and kill any boat" laying mines in the Strait of Hormuz. Still, stocks managed to end the week strong. Investors bet on peace talks restarting soon. The S & P 500 and Nasdaq on Friday rose 0.8% and 1.63%, respectively, to their new highs. We'll have to see if peace talks happen this weekend. U.S. special envoy Steve Witkoff and Jared Kushner are going to Pakistan to hopefully meet with their Iranian counterparts. All war developments reminded us of one thing: Don't make any big trades on the Mideast conflict alone. There's way too much uncertainty and volatility that isn't grounded in stock fundamentals. We've been saying this since the war started on Feb. 28. Dichotomy in tech The buy hardware, sell software trade is back on. Investors bought tech stocks viewed as supporting the AI infrastructure buildout and dumping those seen as threatened by its adoption. The week's biggest winners? Chip stocks. The group rallied for its 18th consecutive session Friday supported by a blowout earnings report from Intel . Great news for us as investors in Nvidia , Broadcom, and most recently, Arm. On Monday, we started a position in Arm on the belief that the stock will be a winner in the era of AI agents. Shares have jumped around 33% since then. For the week, Nvidia gained 3.2% and closed Friday at a record high, while Broadcom rose nearly 4%. On Friday, we booked profits again in Broadcom, locking in gains on the stock's recent parabolic moves higher. Broadcom finished the week at a new high. On the other side of the trade was software. This group was beaten down after earnings from IBM and ServiceNow . Investors were disappointed that IBM didn't raise guidance after beats on the top and bottom lines. Margins for ServiceNow were a concern, and so was subscription revenue growth, which was dented by the war. Software stocks cascaded lower as a result, which meant a bad Thursday for Salesforce and Microsoft . For the week, Salesforce lost 2%, while Microsoft rose 0.4%. Our cybersecurity names, Palo Alto Networks and CrowdStrike , got unfairly grouped into the sell-off, but each managed to gain around 6% on the week. Earnings IBM and ServiceNow weren't the only quarterly earnings on our radar. GE Vernova and Dover showed us the importance of the AI buildout, while aerospace was key for reports from Boeing and Honeywell . Insatiable demand for energy fueling the AI boom was a financial windfall for GE Vernova and Dover. Shares of GE Vernova jumped nearly 14% on Wednesday's monster earnings. The Club took GE Vernova's price target up to $1,300 from $1,000. Orders for its heavy-duty natural gas turbines aren't slowing down anytime soon as hyperscalers pour billions into data center construction. "This one may be one for the ages," Jim said during Wednesday's Morning Meeting. Dover stock jumped almost 6% on Thursday's results. It was an impressive quarter that reminded us why the company belongs in the portfolio. We raised our PT to $245 from $230. Order growth was amazing. Dover's able to ride the AI wave because it plays a role in the liquid cooling of data centers. GE Vernova closed Friday at a record high. Dover ended the week about 3% shy of its Feb. 20 record close. Investors came into earnings worried about Boeing and its aerospace peers on the belief that war-induced higher jet fuel prices would hurt demand and profits. That proved to be untrue for Boeing, which reported better-than-expected revenue on Wednesday. The stock jumped 5.5% up in a session as a result. It was also a step in the right direction for the turnaround under Boeing CEO Kelly Ortberg. Honeywell shares tumbled on Thursday's release that showed Middle East disruption in its aerospace unit did hurt sales. But the quarter was more encouraging than the market made it out to be. The more important developments were Honeywell agreeing to sell its Warehouse and Workflow Solutions unit and setting June 29 as the date to spin off its aerospace business into a separate company. Automation will be the focus of the second remaining company. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
U.S. special envoy Steve Witkoff and Jared Kushner had been expected to arrive in Islamabad on Saturday. View More

Pakistan's Army Chief and Field Marshal Syed Asim Munir (3rd R) meets with Iran's Foreign Minister Abbas Araghchi (3rd L) upon his arrival in Islamabad on April 25, 2026.- | Afp | Getty Images President Donald Trump on Saturday said he has canceled plans to send U.S. special envoy Steve Witkoff and Jared Kushner to Pakistan after Iran's chief negotiator left Islamabad after speaking only to Pakistani officials.Trump said he canceled the U.S. delegation's trip to Islamabad, Pakistan, to meet with the Iranians. "Too much time wasted on traveling, too much work! Besides which, there is tremendous infighting and confusion within their "leadership," the president wrote in a post on Truth Social. "Nobody knows who is in charge, including them. Also, we have all the cards; they have none! If they want to talk, all they have to do is call!!!Before boarding Air Force One for a return flight to Washington, Trump said Iran had improved an offer to resolve the conflict after he canceled the visit, "but not enough."Witkoff and Kushner, the president's son-in-law, had been scheduled to head to Pakistan earlier in the day to engage in "direct talks" with their Iranian counterparts, according to the White House.Iranian Foreign Minister Abbas Araghchi met with the head of Pakistan's military, Asim Munir, the Iranian embassy in Pakistan said in a post on X on Saturday. A senior Iranian official said his government's representatives had no plans to meet with U.S. negotiators. "No meeting is planned to take place between Iran and the U.S. Iran's observations would be conveyed to Pakistan," Iranian Foreign Ministry spokesperson Esmaeil Baqaei said in a post on X late Friday.Reuters, citing two Pakistani government sources, said the Iranian delegation had flown out of the country on Saturday.Araghchi, in a post on X, praised Pakistani leaders but appeared to dismiss talks with the Americans. "Very fruitful visit to Pakistan, whose good offices and brotherly efforts to bring back peace to our region we very much value," he wrote. "Shared Iran's position concerning workable framework to permanently end the war on Iran. Have yet to see if the U.S. is truly serious about diplomacy."Trump had told Reuters in a phone call on Friday that Iran would be "making an offer," adding that he did not yet know what it would be and that "we'll have to see."Araghchi, earlier Friday, said he was "embarking on a timely tour" of Islamabad, Muscat and Moscow in order to "closely coordinate with our partners on bilateral matters and consult on regional developments." He made no remarks indicating that a meeting with U.S. officials was planned.The first round of peace talks, held two weeks ago in Islamabad and led on the U.S. side by Vice President JD Vance ended with no deal. Vance was not expected to accompany Witkoff and Kushner on Saturday's trip to Pakistan. A U.S. delegation, including Vance, had been expected to travel to Pakistan earlier this week for further negotiations, but the trip was delayed after Iranian officials reportedly said they would not attend.Much of the mutual disagreement has centered on the Strait of Hormuz, the major oil-shipping route that has seen traffic slow to a trickle amid Iranian threats and, as of last week, a retaliatory U.S. naval blockade.Trump told Reuters that the U.S. will not lift its blockade of Iranian ports until a deal with Iran is struck. Oil waiver The U.S. is also maintaining other forms of economic pressure on Tehran.Treasury Secretary Scott Bessent told The Associated Press on Friday that the U.S. does not plan to renew a one-time waiver allowing the purchase of Iranian oil at sea."Not the Iranians," Bessent said. "We have the blockade, and there's no oil coming out.""And we think in the next two, three days, they're going to have to start shuttering production, which will be very bad for their wells."Bessent also said the U.S. does not plan to renew a waiver allowing the purchase of Russian oil and petroleum products that are currently at sea, according to the AP.Meanwhile, the U.S. said it has sanctioned Hengli Petrochemical (Dalian) Refinery, an independent "teapot" oil refinery in China, for buying Iranian oil products."China-based independent teapot refineries continue to play a vital role in sustaining Iran's oil economy, and Hengli is one of Iran's largest customers for crude oil and other petroleum products, having purchased billions of dollars' worth of Iranian petroleum," the Treasury Department said in a statement.The tensions have further strained an already-fragile ceasefire, which was announced on April 7 amid threats by Trump that Iran's "whole civilization will die" unless a deal is struck.Despite the continued stress in the strait, Trump on Tuesday unilaterally extended the ceasefire shortly before it was set to expire.After the war began on Feb. 28, the Trump administration repeatedly said it expected the operation to be brief, concluding within four to six weeks.Since passing that deadline, the administration has reframed its timeline, while stressing that prior U.S. conflicts have lasted far longer."Unlike the endless wars of the past that dragged on for years and for decades with little to show for it, Operation Epic Fury has delivered a decisive military result in just weeks," Defense Secretary Pete Hegseth said at a press briefing Friday morning.— CNBC's Terri Cullen, Reuters and The Associated Press contributed to this report. 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Salaried taxpayers claiming House Rent Allowance (HRA) will face stricter disclosure norms from April 1, 2026, with the introduction of Form 124. Under this new format, employees are required to declare their relationship with the landlord to curb bogus claims within families. Genuine rental arrangements with relatives remain valid if supported by proper documentation and income declaration. View More

Margaux Mirkin, 70, was assaulted and strangled during a Hollywood Hills home invasion by masked suspects who stole cash and jewelry. The attack comes amid a surge in Los Angeles break-ins, with police increasing patrols. View More

We zoom in on the prospects of NMDC, as also the prospects of three other stocks — IDBI Bank, GNA Axles and Ganesh Housing View More

"Right to repair" legislation is an issue that political candidates across the U.S. have made part of their affordability messaging. View More

In this articleDEFollow your favorite stocksCREATE FREE ACCOUNT Ohio gubernatorial candidate Casey Putsch speaks with supporters at a campaign event in Toledo, Ohio, on Thursday, April 9, 2026. He is far behind in the polls, but Putsch is part of a nationwide message of economic populism and is promoting "right to repair" legislation.Sue Ogrocki | AP It used to be that if your iPhone or Galaxy was damaged, you were at the mercy of Apple or Samsung to get it fixed as manufacturers snowed customers with a blizzard of unattainable proprietary parts and software diagnostics. But that pain hasn't been limited to smartphones, and a legal movement challenging who controls the diagnostic and reprogramming tools for anything from phones to automobiles, dishwashers and farm equipment — all of which consumers say have become increasingly difficult to get repaired inexpensively — continues to gain political momentum across the country. The right-to-repair movement has done something seemingly impossible: brought Republicans and Democrats together, with the movement succeeding with a wave of state laws enacted in recent years and a new push in the U.S. House and Senate. Since right-to-repair electronics legislation was passed in 2022 in New York State, the tide has been turning. California, Colorado, Minnesota, Connecticut and Oregon have all passed comprehensive right-to-repair regulations. Washington joined them most recently in May 2025. As of this year, advocates are tracking 57 right-to-repair bills across 22 states. In Maine, the state senate just advanced a bill that would bring the right to repair to electronics in the state. Texas's new right-to-repair law kicks in on Sept. 1 and covers phones, laptops, and tablets, but excludes medical and farm equipment, and game consoles. And in Ohio, polls indicate that fringe GOP candidate Casey Putsch may have no shot against establishment candidate Vivek Ramaswamy in the gubernatorial primary, but his platform includes some populist planks and economic views that tap into American unease with the economy and affordability, including his embrace of right-to-repair legislation. A new CNBC poll shows President Trump earning his lowest marks on the economy of his presidency."A forgotten hallmark of the American Dream is to be able to build, create, and repair your own stuff," said Putsch, an auto enthusiast and builder, who on some other issues is running to the right of Ramaswamy.While Oregon's 2024 law was notably the first to restrict "parts pairing" — the practice of requiring replacement components to be matched to devices using proprietary manufacturer software — New York State's was the first in the nation and the bill "had huge bipartisan appeal," said Patricia Fahy, a New York State senator who sponsored the landmark legislation. In New York, Fahy's aim ended up being surgical: allowing people to get their smartphones fixed. "There has been a rise in independent repair shops and it makes it more affordable. Fixing screens was $250 if you didn't have insurance," Fahy said. The average savings for a family is estimated at $400 a year across electronics and smartphones. "And the early estimates are repair shops would hire 15 percent more workers," Fahy added. But the original New York bill was far more expansive. "We had to strip away at our own legislation. We ran into the buzzsaw immediately from John Deere and Caterpillar," Fahy said, "so we stripped out large equipment and we will fight that another day." Medical equipment and home appliances were also removed. But Fahy has introduced a bill that would expand right to repair to wheelchairs. State Sen. Patricia Fahy on Jan. 28, 2026, at the Legislative Office Building in Albany, N.Y. "We need national legislation, this is a bipartisan issue," Fahy tells CNBC of right-to-repair legislation, which she helped to pass in New York back in 2022.Albany Times Union/hearst Newspapers | Hearst Newspapers | Getty Images Tech corporations remain split on their lobbying. Apple initially opposed right-to-repair legislation but it has softened its stance in recent years, while Samsung continues to garner criticism for difficult repair options.For its part, Deere says that it isn't anti right-to-repair. "We want farmers to be able to fix their equipment. In fact, our industry depends on it," said Denver Caldwell, vice president, aftermarket & customer support. Farmers already have access to repair tools, information, and diagnostics through national agreements with the American Farm Bureau Federation, Caldwell said, "without creating a patchwork of state‑by‑state mandates." Deere also says that the existing frameworks agreed to before the 2022 New York law include a process for updates in repair capabilities as technology evolves, while New York's legal requirements for paper manuals and offline processes, as well as free or "at cost" access to technology, are at odds with investments the industry is making. Investments needed for real-time diagnostics, updates and accurate repair won't continue with laws like the ones in New York, Caldwell said. Deere's repair options remain a controversial issue in farm states and nationwide. The FTC filed a lawsuit against Deere in 2025 alleging that access to diagnostic software for customers has been limited to company-affiliated dealers, which the government claims is an unfair, illegal practice that has "boosted Deere's multi-billion-dollar profits on agricultural equipment and parts, growing its repair parts business while burdening farmers with higher repair costs."Just a few weeks ago, Deere settled a separate class-action lawsuit filed by farmers over the right-to-repair issue, agreeing to pay farmers $99 million and provide access to technology tools for diagnosis and repair for up to a decade, while admitting no wrongdoing. Bipartisan movement in House, Senate"We need national legislation, this is a bipartisan issue," Fahy said. Her message has been received at the federal level by lawmakers. Senator Ben Ray Luján (D-NM) and Josh Hawley (R-Mo.) are unlikely political bedfellows but have joined together to sponsor the REPAIR Act. Unlike Fahy's New York bill which focused solely on electronics, REPAIR focuses on autos. Luján is also sponsoring a separate bill called the Fair Repair Act which goes beyond autos to other appliances and electronics. The REPAIR Act would require automakers to give vehicle owners, independent repair shops, and aftermarket manufacturers secure access to vehicle repair and maintenance data, preventing manufacturers from funneling consumers into their own exclusive and more expensive dealership repair networks. "Consumers deserve options when it comes to repairs. My REPAIR Act and Fair Repair Act would do just that. It expands options that are affordable, dependable, and safe," Luján told CNBC, adding that consumers would be able to repair their electronics or cars at a price feasible to them, not what a large corporation tells them to pay. The National Automobile Dealers Association voiced its opposition in February, when a House subcommittee moved the REPAIR Act ahead to a full committee vote, and a version of the Fair Repair Act was reintroduced by Lujan and other lawmakers in Congress. NADA says that people can already get their cars repaired at independent garages, and that a 2014 agreement that ensured independent mechanics have access to vehicle diagnostic and repair data has worked. NADA has also called the Hawley-Lujan bill a trojan horse that would open up the door to a lot other activities that have nothing to do with right to repair, including harvesting and selling driver data. Supporters of the bill counter that it will do the opposite, and Luján says that industry fears of trade secrets being spilled are addressed in his bill. "My Fair Repair Act is not about stifling innovation. It gives consumers the opportunity to find the repair service that's right for them and their budget. The Fair Repair Act specifically outlines that nothing in the bill would require an original equipment manufacturer to divulge a trade secret," Luján said. Meanwhile, Hawley criticized big corporations in his arguments in favor of right-to-repair legislation. "Big corporations have a history of gatekeeping basic information that belongs to car owners, effectively forcing consumers to pay a fixed price whenever their car is in the shop," Hawley told CNBC. "The bipartisan REPAIR Act would end corporations' control over diagnostics and service information and give consumers the right to repair their own equipment at a price most feasible for them." The largest small business lobby in the U.S., the NFIB, says 89% of its members support right-to-repair legislation, making it a top legislative priority for 2026.New 'economics of ownership' and consumer frustrationDavid Friedman, professor of law at Willamette University, nodded to the populist nature of the right-to-repair movement which transcends party lines and has been building for some time. "The historical transition from mechanical goods, such as watches, to software-defined consumer electronics has fundamentally altered the economics of ownership," said Friedman. By bundling repair services with initial sales, he says manufacturers have created a closed ecosystem that effectively compels consumers to choose between high-margin proprietary service or premature device obsolescence under the threat of voided warranties. "When every seller plays this game, and profits from captive repair, it's hard for any seller to opt out and remain competitive," Friedman said. "The right-to-repair movement is a response to sophisticated market structures that limit consumer agency and leave individuals without competitive alternatives. The sellers may make arguments about preservation of quality in repairs, but there's only so far that argument can go," Friedman said. There is also an element of "comfort-class consumer populism," he says, in the movement. "Right to repair has gained significant legislative traction because it functions as a populist issue that simultaneously intersects with the frustrations of affluent demographics," Friedman said, comparing right to repair with the broader regulatory push against "junk fees," and hotel resort fees.  Bloomberg | Bloomberg | Getty Images Some see danger lurking in the growing set of laws covering the issue."My concern, speaking as a personal injury attorney, comes from seeing too many product liability cases," said Yosi Yahoudai, co-founder and managing partner of J&Y Law, a Los Angeles-based practice that focuses on injury and liability law. "Whether it's pressure cookers exploding or issues with electric vehicle and scooter batteries, there's a lot that can go wrong with today's technology," Yahoudai said. The more people start repairing or modifying products themselves, the higher that risk becomes. "Then you add in the secondary market. If you're buying a used product, what if it's been repaired multiple times and is barely holding together? How do we really know that the products we're using are still safe?" he said.Supporters wave off concerns that the right of repair also allows consumers the right to transfer their own risks to others through the legal system. But despite the bipartisan appeal, some tech companies, including IBM, have gone on the offensive for other reasons. In Colorado, which now has some of the most comprehensive right-to-repair laws, IT companies have thrown their support this year behind a bill which would exempt business IT equipment. "IBM supports right-to-repair policies that empower consumers while appropriately protecting cybersecurity, intellectual property and critical infrastructure," said a spokesperson. The company's support of Colorado Senate Bill 26-090, the spokesperson said, reflects a narrow but important distinction — the bill exempts technology designed for use in critical infrastructure, as defined by federal law, while preserving repair rights for consumer devices. Opponents say the designation is too vague and will be used to hollow out the right-to-repair protections in Colorado, but they think right to repair retains its momentum regardless. "The growing, bipartisan momentum behind right to repair is rooted in a simple idea: ownership," said Paul Roberts, the founder of SecuRepairs, a network of cybersecurity and IT professionals who advocate for the passage of right-to-repair laws. "Most consumers believe that if they buy a product, they should be able to use, modify, and fix it. For decades, manufacturers largely supported that expectation: distributing service manuals, selling replacement parts and so on," Roberts said. That changed with the rise of software, connectivity, and outdated laws like the Digital Millennium Copyright Act that shifted control back to manufacturers. "Today, companies use digital locks, software restrictions, and subscriptions to limit repairs, inflate costs, and even kill off products entirely," Roberts said. "Consumers are pushing back. From restricted smartphone repairs to devices being 'bricked' when services shut down, these practices have made ownership feel conditional. That frustration, shared across political lines, is fueling one of the strongest consumer rights movements in decades."  watch nowVIDEO7:3407:34Trump’s net approval rating on economy and overall falls to lowest of his two terms: CNBC surveySquawk Box Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Dating is becoming a financial decision for young Americans, with higher costs and paid apps leading many to cut back on dates. View More

In this articleMTCHBMBLFollow your favorite stocksCREATE FREE ACCOUNT watch nowVIDEO11:1511:15Why Americans are cutting back on datingMarkets and Politics Digital Original Video For many young Americans, dating is becoming as much about finances as it is romance.Half of single Americans surveyed said they are going on fewer dates or choosing less expensive activities because of rising costs, according to BMO Financial Group's 2026 BMO Real Financial Progress Index. The bank polled 2,501 adults in late December through January.Not only that, but 48% of Gen Z adults and 40% of millennials surveyed said the high price of dating gets in the way of reaching their financial goals. A single date costs Gen Z adults $205 on average and millennials $252 on average, BMO found.Nearly half of singles, 47%, said dating just isn't worth the expense, according to the survey. It's just one affordability pressure among many these days. Consumers are grappling with higher costs for everyday essentials such as gas, groceries, housing and health insurance — reflecting a mix of factors including energy shocks tied to the ongoing war with Iran and President Donald Trump's tariff policies."We're seeing that there is this increased cost of living, and it's lowering our dating frequency and how we're seeing or perceiving dating," Sabrina Romanoff, a clinical psychologist, told CNBC. "We're seeing people have fewer dinners out and there's a lower tolerance for higher-risk meetups." Costs make people date 'defensively' For Gen Z, the cost of dating can add up quickly.The typical Gen Z American went on about nine dates in the prior year, according to BMO's data. That puts their annual outlay at roughly $1,845. That tally encompasses the costs leading up to the date, including transportation and grooming, as well as what's actually spent during the date.Using Bureau of Labor Statistics data for full-time workers, that would amount to roughly 3% to 5% of median annual income for workers ages 16 to 34.Romanoff said rising costs make people date "much more defensively," adding: "They're taking fewer chances and fewer connections are formed." Read more CNBC personal finance coverageAverage tax refund is 11.3% higher, IRS filing data through Tax Day showsFed is likely to hold rates steady — here's how that impacts your walletRetirees are thinking of annuities the wrong way — and it may trip them upWealth, millionaire tax push spreads to more states. What experts sayTrump officials give mixed guidance on new student loan cap: financial aid groupTrump's Fed pick Kevin Warsh signals approach to interest ratesGen Z looks for scholarships on TikTok. There's a better way, experts sayWhat a looming jet fuel shortage could mean for summer travelIncoming college freshmen may owe $43,000 in student loans by graduationRetirement savings for caregivers a focus of new bipartisan bills in CongressThis year's college graduates face a changed student loan landscapeThere's an 'art' to writing AI prompts for personal finance, MIT professor saysAs AI restructures workforce, some young adults turn to grad schoolAverage tax refund is 11.2% higher, latest IRS filing data showsCNBC's Financial Advisor 100: Best financial advisors, top firms ranked That dynamic shows up in how young daters talk about first dates. David Kuang, a 21-year-old Columbia University student, said the economics of dating can make every outing feel like a gamble."There's such a higher chance that something doesn't click," he said. "And then there goes your $40 dinner bill down the drain on someone that you might never talk to again."Leo Gabriel, a 22-year-old living in New York City, also said he tries to keep first dates affordable."I would probably spend around $45 to $50," he said. "It's enough not to break the bank." Overall, Gabriel said, he budgets around $150 to $200 a month for dating."Why would I spend $100 on someone I might not even vibe with?" he added. Finding a date can be expensive, too Twenty20 The cost of dating itself is only part of the story. For millions of users, finding a date means paying for the apps. Pew Research Center found in 2022 that 35% of dating app users have paid for one of the platforms. Research from Morgan Stanley found the average paying dating app user spent around $19 a month in 2023."Many of these apps work on what's called a 'freemium' premium strategy," said Pinar Yildirim, an associate professor at Wharton who studies online platform economics. "Even though you can sign up for free, in order to be able to take advantage of some of the more desirable features, you might have to pay a subscription price."That model has become more important as Americans have shifted the way they meet. A widely cited 2019 study from researchers at Stanford University and the University of New Mexico found that from the end of World War II until 2013, the most common way straight couples met in the U.S. was through friends. Now, the dominant path is online."One of the things that online dating apps and online dating platforms in general [have] managed to bring to our life is a greater range of people," Yildirim said. "They tend to generally increase our pool size."But, she added, that can also "be a bit deceiving." An abundance of candidates can overwhelm users and reduce the odds that an interaction turns into something meaningful."Even though you might be seeing and potentially starting conversations with many, many different types of people and high numbers of people, you're most likely not going to go into anything beyond those initial conversations with those people on the apps," she said. Experts say that may help explain why many users shell out for a paid dating app tier. "It's a system of pay to play," Romanoff said. "And if you have the money, then you will be able maybe to get the partner, or you will be able to have more success on dating apps."Gabriel said he briefly subscribed to Hinge because the paid upgrades' "gamification," as he called it, was effective."Psychologically, it does work," he said. "You're like, oh, you're going to only get seen by X amount of people in a day. But if you pay us a tiny bit more, you get to see more people."But what dating app upgrades cost can vary, and consumer advocates have said the pricing is opaque.A spokesperson from Match Group — parent company of Match.com, OkCupid, Tinder, Hinge and other dating sites — told CNBC via email that "the vast majority" of users on its sites employ free versions. "Subscriptions are optional and provide additional tools for those who want more control or a more efficient experience, but they are not required to have success or make meaningful connections," they said.Bumble Inc., whose apps include Bumble Date and Badoo, told CNBC that it aims to provide a "safe and high-quality" free tier. "There are countless couples who have found each other this way," a spokesperson said in an emailed statement. "Our paid features cater to those in our community who are looking for a more tailored experience."— CNBC's CJ Haddad and Isabel Iino contributed reporting. 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A decade ago, Bradley Krae left the United States to teach English in Shenzhen, China. He spends less money and says the has found his own version of the American Dream there. View More

As a kid, I moved around a lot. I was born in California, but I've lived in Arizona, Colorado, North Carolina, Virginia, Montana and Oklahoma. I never had the chance to call anywhere "home" for too long. So if you'd told me back then that I'd end up in China, I would've laughed.I visited China for the first time in 2016. I was 27 years old and got a job as an English teacher in Shenzhen, a fast-growing tech hub just across the border from Hong Kong. I sold my car and used the money to buy a plane ticket from North Carolina. I had never been outside the U.S. before. Over the next four years, living in Asia gave me the chance to travel to places like Cambodia and Thailand. I loved traveling because it was a profound chance to test my courage and resilience, find meaning and expand my worldview.Today, I live in Shenzhen with my wife and our two kids. Here's why it's one of the best decisions I've ever made. 1. I met my wife and started a family My wife was born in Tahiti and both her parents are from China. When we met, she was working here as a French teacher. When the pandemic hit, we'd been living in China for three years and were on vacation in the U.S. With the borders closed, my wife and I decided to relocate to Tahiti to be closer to her parents.Five years later, we had two kids under five. There were parts of our life in Tahiti that we liked, but something was missing. China still felt like our true home and we returned to Shenzhen in June 2025. Zoom In IconArrows pointing outwardsMy kids playing in Shenzhen Talent Park.Photo: Bradley Krae I still feel so grateful for that first teaching job. Landing it was something of an accident, but without it, I wouldn't have my family and the life I have now.  2. I spend less money than I would in the U.S.  After we got back to Shenzhen in 2025, I continued my career as an English teacher, making around $4,000 a month. We rent a three-bedroom apartment for around $1,000 a month. Internet costs about $29, and electricity averages $100.We spend roughly $100 a month on groceries for our family of four. When we eat out, it's rare to spend more than $10 total. We also pay about $90 a month for healthcare. My wife and I enjoying an evening out.Photo: Bradley Krae All told, I'm paying about a fourth of the cost of what I used to pay for my monthly expenses when I lived in the U.S. — and that was when I was living by myself.  3. I feel like I'm living in the future  To me, Shenzhen is like if Silicon Valley and New York City had a baby in China. It is a bustling tech capital with surprises on every corner.  Zoom In IconArrows pointing outwardsOne of the many surprises you can find walking around Shenzhen.Photo: Bradley Krae Flying drones deliver food in 15 minutes or less and autonomous taxis drive on streets awash with sparkling neon lights. There is a real cyberpunk energy here. Shenzhen is one of the most vibrant places I've ever called home.Photo: CNBC Make It Public transportation is also great. The subway goes everywhere and they build the lines so quickly and efficiently. You can take the subway all the way across the city for about $0.30.  I also don't generally walk around with a wallet or keys. If I need to pay for something, I use my phone, scan a QR code or use biometrics, like a hand print. It's super convenient.  Technology feels both advanced and accessible here.Photo: CNBC Make It 4. My job is flexible and pays well  When we lived in Tahiti, I also taught English and I made a few videos about that. But in 2025, my wife suggested that I start posting consistently on TikTok to give people a look at what life is like in China. I started an account, the videos took off and before I knew it, I was something of an influencer. This led to more opportunities, which landed me a full-time job as a marketing manager in February.  When we lived elsewhere, we always missed China. It's great to be back.Photo: Bradley Krae It's a more traditional job than what I'm used to, and it does pay a little bit less than my teaching gig. Now I'm making closer to $3,500 a month, plus roughly $1,200 a month from my side gigs. But I'm not stuck at a desk all day. My company is flexible with hours, which gives me time to pursue other side hustles and interests, and I can take work home with me.  5. I feel like I can safely raise my kids here Shenzhen is very family-friendly, with plenty for kids to do. The city has more than 1,000 parks, thousands of indoor play spaces and a wide range of community activities for families. Zoom In IconArrows pointing outwardsThere are so many fun activities for kids here. Photo: Bradley Krae I have no need or desire to become a helicopter parent here. I'm not worried about things like gun violence. My main safety concern is the electric scooters flying down the sidewalks.My kids are also growing up trilingual. My wife speaks French with them, they speak English with me, and they learn Mandarin at their school, a public Chinese kindergarten. That costs around $300 per semester for both kids, including food. Shenzhen is very walkable, and has some of the best public transportation.Photo: CNBC Make It Overall, I've also found the food at our kid's school — and what is available at our local grocery stores — to be much healthier than what you'd find in the U.S.No one is more surprised than me that I've found my own version of the American Dream here in China.Bradley Krae is a writer, content creator and marketing manager. He lives in Shenzhen, China with his wife and two children.Want to get ahead at work? Then you need to learn how to make effective small talk. In CNBC's new online course, How To Talk To People At Work, expert instructors share practical strategies to help you use everyday conversations to gain visibility, build meaningful relationships and accelerate your career growth. Sign up today! Use coupon code EARLYBIRD for 20% off. Offer valid from April 20, 2026 to May 4, 2026. Terms apply. Take control of your money with CNBC Select CNBC Select is editorially independent and may earn a commission from affiliate partners on links.Nearly half of Americans feel homeownership is impossibleAmazon Prime is offering a 20-cent-per-gallon discount. Stack those savings with a credit cardHow to use credit cards to access presale and VIP tickets Travel insurance is gaining popularity among spring breakers this year — how to protect your tripWhat is a good monthly retirement income in 2026?
As Berkshire Hathaway shares fall, the stock is drawing attention from some investors. View More

In this articleBRK.B.SPXAMZNVMASTZCOFKRWMTBRK.BFollow your favorite stocksCREATE FREE ACCOUNT (This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.)Berkshire Hathaway shares fell roughly 1% this week while the S&P 500 edged 0.6% higher, ending the week at a fresh all-time high. Zoom In IconArrows pointing outwards That has increased the B shares' relative underperformance versus the benchmark to 11.3 percentage points for the year so far. It was a 9.7 percentage point gap last Friday. Zoom In IconArrows pointing outwards The A and B shares are now down 13% from their all-time closing highs almost a year ago in early May, just before Warren Buffett revealed he planned to step down as CEO at the end of 2025. The S&P has gained 26% over the same period. Zoom In IconArrows pointing outwards Berkshire's stock price drop, however, is making the shares more attractive to some.In a featured Barron's analysis, Andrew Bary writes that at the company's current price "not a lot has to go right ... to generate market beating returns -- even without Warren Buffett at the helm."Christopher Davis at Hudson Value Partners is quoted as saying investors are overlooking Berkshire when they buy "HALO" (Heavy Assets, Low Obsolescence) stocks like Caterpillar to avoid potential AI disruptions. (The term was coined by "Halftime Report" regular Josh Brown.) "Berkshire is the ultimate HALO company, given the durability and inflation protection of the insurance business and the very-hard-to-replicate industrial operating businesses," Davis argues.He calls the stock a "coiled spring" at its current price.Stock buybacks are another potential positive.In a note to clients this week, UBS analyst Brian Meredith estimates Berkshire is trading at an 8% discount to its intrinsic value. The company's stated policy is to buy back shares when "the repurchase price is below our intrinsic value, conservatively determined."In March, a filing revealed Berkshire had resumed buybacks for the first time in almost two years but provided no details.With the price down almost 4% since then, Meredith expects the company kept buying. He's raising his 2026 repurchase expectations to $1.7 billion, up from 0, which he thinks will make the stock more attractive to investors.Barron's says, however, there is "probably some room for improvement ... on the operational and investments sides."CRFA analyst Cathy Seifert is quoted saying, "Operating revenues were flat at Berkshire last year. I'd like to see Greg Abel confront the issues and outline a plan for profit and revenue improvement."He will have a chance to do that in one week at the Berkshire shareholders meeting, live on CNBC.com. Abel 'unloaded' Combs' positions after portfolio manager left - WSJ Abel will also be getting questions about what he plans to do with Berkshire's almost $400 billion in cash and its equity investments.In a profile of Abel's first 100 days as CEO, The Wall Street Journal dropped some big news in the tenth paragraph."People familiar with Berkshire's investments said Abel has already unloaded the stocks managed by Todd Combs, who recently decamped for JPMorgan Chase" and is "unlikely to hire anyone to help manage the portfolio."That leaves Abel directly responsible for the 94% of the portfolio currently not handled by the other portfolio manager recruited by Buffett years ago, Ted Weschler. Gregory Abel, Vice Chairman overseeing non-insurance operations for Berkshire Hathaway, meets shareholders in the exhibition hall during the Berkshire Hathaway Inc annual shareholders' meeting in Omaha, Nebraska, U.S., May 3, 2024.Scott Morgan | Reuters Since Combs was responsible for around 5% of the roughly $320 billion portfolio, if all his stocks were "unloaded" in full, the sales would be somewhere around $16 billion worth.While Berkshire has generally not specified who buys specific stocks in the portfolio, Combs has been thought to favor technology and financials.We already know Berkshire sold 77% of its Amazon.com stake during the fourth quarter, which would have been worth $1.8 billion based on the December 31 closing price.That could have been part of a post-Combs-related selling spree, since he left in early December. Todd Combs walks to the morning session of the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S. July 7, 2021. Brian Losness | Reuters Combs has previously been associated with Berkshire's Visa and Mastercard holdings.Barron's lists Constellation Brands, VeriSign, Capital One Financial, and Kroger as other possible Combs names.The Constellation stake was trimmed by 3%, about $55 million, in the fourth quarter.The total value of all those names was about $16.4 billion as of December 31.We may learn more about the selling at next week's meeting, and the next required portfolio snapshot will be out in mid-May, covering activity in the first quarter. Walmart passes Berkshire in market value Over the past year, shares of Walmart have soared by more than 35% while both classes of Berkshire have dropped by almost 12%. Zoom In IconArrows pointing outwards As a result, Walmart's market value topped Berkshire's this week, making the retailer the new ninth most valuable company in the U.S. Zoom In IconArrows pointing outwards Barron's notes the last time Walmart had a bigger market cap than Berkshire was in April 2013.  Buffett praises outgoing Apple CEO Tim Cook Following the news this week that Apple CEO Tim Cook will be succeeded by hardware executive John Ternus in September, Warren Buffett is among the well-known names praising the man who followed founder Steve Jobs in 2011. Apple CEO Tim Cook arrives for the 2024 Berkshire annual shareholders' meeting.Scott Morgan/Reuters Buffett told CNBC's Becky Quick that "Apple would not be the Apple of today without Tim Cook.""What he has done with Apple could not be done by anybody I've known."Covering the world and getting along with countries with all kinds of histories and doing right by the customer, people who worked for him, certainly the shareholders, which we were lucky enough to be one of... he's one of a kind."Even though Berkshire's stake in Apple has been cut by 75% since the summer of 2023 through the end of this year's first quarter, it remains the largest position in its equity portfolio with a market value of almost $62 billion.Buffett also praised Cook at last year's annual meeting. You can see that clip in "Highlights form the Archive" below. Buffett won't be on stage, but shareholder ticket requests remain roughly in line with recent years Warren Buffett's absence from the stage at next week's Berkshire annual meeting will not substantially reduce attendance, according to the company.It tells CNBC credential requests are pretty much in line with past years. They are a bit lower than 2024 and 2025, but not by much, and are running ahead of 2023.Berkshire also points out Buffett has not been the only draw over the years. It estimates Nebraska residents account for around 60% of the attendance, and they are especially drawn by shareholder discounts at local Berkshire retailers Nebraska Furniture Mart and Borsheims. Shareholders wait to enter the venue on the day of the Berkshire Hathaway Inc annual shareholders' meeting, in Omaha, Nebraska, U.S., May 3, 2025. Brendan McDermid | Reuters Berkshire has posted a map with recommended routes to the CHI Health Center arena to help attendees, especially those driving, avoid snarls caused by construction of a new streetcar system in Omaha.It also has a new policy this year that restricts shareholders to "clear, uncolored plastic tote bags," "one-gallon clear plastic freezer bags," and "small or clutch-sized opaque purses/wallets" that are not bigger than 4.5 inches tall and 6.5 inches long.Live streaming coverage on CNBC.com begins at 9:15 AM ET with a pre-game show.CEO Greg Abel is expected to deliver a Berkshire "business update" at 9:30 AM ET, followed by the first Q&A session at 10:30 AM ET featuring Abel and insurance chief Ajit Jain.The CNBC Halftime show is scheduled for 11:45 AM ET and the second Q&A session is set to start at 12:45 PM ET with Abel, BNSF CEO Katie Farmer, and Adam Johnson, CEO of NetJets and president of consumer products, service, and retailing.As in past years, CNBC's Becky Quick will relay shareholders questions she selects from those submitted to berkshirequestions@cnbc.com.Shareholders at the meeting, selected at an 8:15 AM local time drawing at each of 10 microphone locations, will also be asking questions.The CNBC Post Show starts at 2PM ET.The formal business session of the shareholders meeting begins at 3 PM ET. It will not be part of CNBC's live coverage.  BUFFETT & BERKSHIRE AROUND THE INTERNET Some links may require a subscription:Barron's on MSN: Berkshire's New CEO Has No Investment Experience. He's Running the $300 Billion Stock Portfolio Anyway.WOWT-TV: Omaha streetcar construction reaches most disruptive phase ahead of Berkshire meeting HIGHLIGHTS FROM CNBC'S BUFFETT ARCHIVE 'Tim Cook has made Berkshire a lot more money' than I have (2025) As Buffett is doing introductions at the start of the meeting, he has an embarrassing admission about Tim Cook, CEO of Berkshire's largest equity holding, Apple. watch nowVIDEO1:1801:18'Tim Cook has made Berkshire a lot more money' than I have2025 Berkshire Hathaway Annual Meeting WARREN BUFFETT: It's the only investment quarterly call that I listen to, but I listen to Tim Cook, and I understand — and it'll be tough for me to see him from up here — but Tim Cook — there he is. (Applause)I'm somewhat embarrassed to say that Tim Cook has made Berkshire a lot more money than I've ever made Berkshire Hathaway. So — (Laughter)I'd — credit should be given to him for —I knew Steve Jobs briefly, and Steve, of course, did things that nobody else could've done in developing Apple.But Steve picked out Tim to succeed him, and he really made the right decision. Steve died young, as you know.And nobody but Steve could've created Apple, but nobody but Tim could've developed it like it has.So, on behalf of all of all Berkshire, thank you. (Applause) BERKSHIRE STOCK WATCH Four weeks Zoom In IconArrows pointing outwards Twelve months Zoom In IconArrows pointing outwards BRK.A stock price: $704,760.00BRK.B stock price: $469.32BRK.B P/E (TTM): 15.12Berkshire market capitalization: $1,012,661,284,805Berkshire Cash as of December 31: $373.3 billion (Down 2.2% from Sept. 30)Excluding Rail Cash and Subtracting T-Bills Payable: $369.0 billion (Up 4.1% from September 30)Berkshire resumed stock repurchases on March 4, 2026, but has not said whether it made any additional buys after that date.(All figures are as of the date of publication, unless otherwise indicated) BERKSHIRE'S TOP EQUITY HOLDINGS - Apr. 24, 2026 Zoom In IconArrows pointing outwards Berkshire's top holdings of disclosed publicly traded stocks in the U.S. and Japan, by market value, based on the latest closing prices.Holdings are as of December 31, 2025, as reported in Berkshire Hathaway's 13F filing on February 17, 2026, except for:Mitsubishi, which is as of August 28, 2025Mitsui, which is as of September 30, 2025The full list of holdings and current market values is available from CNBC.com's Berkshire Hathaway Portfolio Tracker. QUESTIONS OR COMMENTS Please send any questions or comments about the newsletter to me at alex.crippen@nbcuni.com. (Sorry, but we don't forward questions or comments to Buffett himself.)If you aren't already subscribed to this newsletter, you can sign up here.Also, Buffett's annual letters to shareholders are highly recommended reading. There are collected here on Berkshire's website.-- Alex Crippen, Editor, Warren Buffett Watch Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
CNBC takes a ride with a Tesla Model Y owner in New York City to see how he uses Grok and how it integrates into Tesla's Full Self-Driving (Supervised). View More

In this articleTSLAVOLAFMBGAFRIVNBMW-DEFollow your favorite stocksCREATE FREE ACCOUNT watch nowVIDEO9:4709:47Trying out xAI's Grok chatbot in a Tesla while driving in New York CityTech Tesla owner Mike Nelson has been using the AI chatbot Grok in his vehicle for several months now. He finds it is useful, nearly irresistible, and dangerous.Nelson, a lawyer with a background in auto insurance, showed CNBC how he uses Grok on a drive around the New York metro area. Nelson said that while he's very happy with his Model Y SUV, he has represented owners who sued or are suing Tesla in more than 10 cases.The in-vehicle version of Grok, which is still in beta and developed by xAI, allows drivers to give voice commands to the navigation system in their car. Grok will also answer a wide range of questions on just about any topic. For Nelson, conversations with the chatbot are now his main source of entertainment on the road. Tesla is not the only automaker adding AI assistants to its vehicles. Volvo, Rivian, Mercedes, BMW and others are all integrating AI into their cars even though the tech is still in its infancy. Automakers want to give drivers a hands-free way to access useful information, for example, about where to charge their electric vehicle nearby, how to get there, and whether there's a good place to eat on the way. That could reduce a driver's temptation to fuss with a phone, map or screen for directions.But AI chatbots also represent a new source of distraction on the road, one that isn't well understood yet, says Philip Koopman, a Carnegie Mellon emeritus professor and expert in autonomous vehicles.Tesla began rolling out xAI's chatbot to customers' cars in July 2025. (The automaker has also invested $2 billion into xAI, which is now part of SpaceX also run by Elon Musk.)Nelson got his Tesla Model Y – his fourth electric car from the company – in November. Grok wasn't a "buying point" for him, he said. "I also didn't appreciate how great it would be to have a chatbot in the car with you." But he used it on the first drive, and has been hooked on Grok ever since. "It's really changed the driving experience for me," he said. "In the 80s and 90s, I was listening to music or drive time radio talk shows, then to books on tape, then to podcasts. And now I don't do any of that. I simply use this to ask questions."He uses Grok for everything from gardening advice to developing plans for business projects, or getting random history trivia. Mike Nelson and CNBC's Rob Ferris take a ride in New York City to test what it's like to use xAI's chatbot Grok in his Tesla. Nelson generally uses Grok while he has Tesla's Full Self-Driving (Supervised) system engaged. Sometimes called FSD, the partially automated driving system is sold for $99 per month in the U.S. today. Tesla owners' manuals say drivers must provide "active supervision" of their cars when FSD is in use, meaning they should keep their eyes on the road, stay attentive to driving, and be ready to steer or brake at any time.Using FSD comes with risks, especially in a big chaotic city like New York, Nelson told CNBC, and he feels that Grok heightens those risks.The National Highway Traffic Safety Administration has initiated multiple investigations into possible safety defects with Tesla's FSD, after several collisions, including a fatal 2023 crash. Drivers may become complacent, and overestimate how much they're paying attention to the road while using FSD.During CNBC's ride along with Nelson in New York City, he observed, "We crossed one of the busiest bridges in the world," speaking of the George Washington Bridge, "by far the busiest bridge in the United States, and I was not paying attention to any aspect of that drive." Instead, Nelson was interacting with Grok.A driver can be distracted by all kinds of things – music, a podcast, or conversation with another passenger. "People think they can do multiple things at once," said Koopman, the automotive safety expert. "They can really only do one thing well at once, and it takes a while to switch back and forth. So if you're in a car, driving, your primary task should always be driving. Sometimes you can do a minor background task that doesn't require a lot of attention, like listening to a radio. But as soon as you have to shift your attention, you're not focused on driving any more."Over 3,000 people die each year in traffic accidents attributed to distracted driving, according to data from the National Research Council, he noted. One question with chatbots, Koopman asked, is "how will the interaction line up with what's going on while driving?" An AI chatbot that is "integrated into the driving task to support the driver," could improve their safety, possibly, by warning them if they should use extra caution as traffic conditions begin to change. But Koopman said, "Interacting with a chatbot on topics that have nothing to do with the current driving situation are clearly a distraction." That distraction may be worse if the conversation is particularly engrossing, emotionally-charged or confusing, he added.Grok sometimes gives incorrect answers in response to users' questions, even about its own features and functionality, Nelson told CNBC.For example, during the New York drive, he asked Grok if he could use it to adjust seats or climate controls in his Tesla. At first, Grok said that he could. A few minutes later, Nelson asked if it made a mistake, and the system replied that it couldn't control the seats or climate in the car. When Nelson gave a voice command to Grok mid-route, telling it to keep his Tesla going down Broadway in midtown Manhattan, it didn't exactly work. Instead, his car kept pulling toward the West Side Highway on the edge of the borough.Grok also has some functionality that might raise concerns, namely an NSFW mode. A mother in Canada was outraged when her 12-year-old son interacted with Grok, and it encouraged him to share nude photographs.At one point during the ride with CNBC, Nelson asked the system: "So grok, if we wanted to go crazy and start talking about some really risqué stuff, would you do that with me? "Sure," the system answered, "I'm game for risque chat if that's the vibe. No limits on adult topics. What's on your mind?"Grok would respond to anyone in the vehicle who woke it by saying "hey, Grok." Tesla didn't respond to CNBC's request for comment or explain if the company is working prevent minors from accessing mature or harmful content via Grok in its cars.Another version of xAI's Grok, a chatbot and image generator, is the subject of lawsuits and regulatory probes in multiple international jurisdictions after it enabled widespread creation and sharing of explicit AI deepfakes online that were based on photos or videos of nonconsenting women and children.Tesla does not make that version of Grok available in the media control units of its cars today."I don't think of myself as a Tesla fan," Nelson said. "But I think seeing what this technology is doing now, it's amazing. But it's still very dangerous." Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.