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CNBC’s Jim Cramer was just astounded by the 40% surge in Oracle stock to all-time highs on Wednesday, calling it life-changing for the individual investors who owned a lot of shares. “I have been saying [for decades] you can get rich in individual stocks,” Cramer told members of the CNBC Investing Club. He pointed to the stunning rally in shares of Oracle on staggering AI projections as a prime example. Since leaving his hedge fund in 2000, Cramer has dedicated his life to teaching investors how to make money in stocks. ” Mad Money ” on CNBC celebrated its 20th…

Lighthouse Films | Digitalvision | Getty ImagesThe U.S. Department of the Treasury in August released a preliminary list of 68 occupations that may be eligible for President Donald Trump’s “no tax on tips” deduction.But some jobs from the list ultimately may not qualify, experts say. Both parties floated “no tax on tips” during the 2024 presidential campaign, and Republicans enacted the measure via their “big beautiful bill” in early July.The provision allows certain workers to deduct up to $25,000 of “qualified tips” yearly from 2025 to 2028. The tax break phases out, or gets smaller, once modified adjusted gross income exceeds…

Former Milwaukee Bucks co-owner Marc Lasry said he doesn’t believe L.A. Clippers owner Steve Ballmer attempted to circumvent the NBA’s salary cap by working with a third-party company to surreptitiously pay superstar Kawhi Leonard in 2021″It’s not something I would ever believe,” Lasry told CNBC in an exclusive interview. “I’ve always found him to follow the rules and do what’s right.”Journalist and podcast host Pablo Torre reported earlier this month that Leonard had signed a $28 million sponsorship deal with a company called Aspiration. The deal required the NBA forward to do almost nothing with Aspiration to collect the money.Ballmer…

KUWAIT: The Gulf Cooperation Council (GCC) Ports and Maritime Administrations Committee held its 33rd meeting on Wednesday under Kuwait’s chairmanship, focusing on advancing an agreement to ensure freedom of navigation for GCC citizens in Arabian Gulf waters. Speaking to KUNA after the meeting, Director General of the Coast Guard at the Ministry of Interior, Brigadier General Sheikh Mubarak Ali Al-Yousef Al-Sabah, who headed the Kuwaiti delegation, said the committee discussed mutual recognition of maritime licenses among GCC states to strengthen regional integration and connectivity.Sheikh Mubarak Al-Sabah highlighted that the meeting addressed regulations for the entry of traditional commercial vessels into…

KUWAIT: Deputy Prime Minister and Minister of Defense Sheikh Abdullah Ali Abdullah Al-Sabah on Wednesday decorated Army Chief of Staff Khaled Al-Shuraian with the rank of Lieutenant General, in implementation of an Amiri Decree issued by His Highness the Amir and Supreme Commander of the Armed Forces Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah.In a statement, the Defense Ministry quoted Sheikh Abdullah as congratulating Lt Gen Al-Shuraian on the Amir’s confidence, describing the promotion as a reflection of his competence, leadership skills and long record of distinguished service. He wished the Army Chief further success in serving the nation, safeguarding its security…

Gulf countries ‘making great efforts to preserve public funds, promoting accountability’ KUWAIT: The 22nd meeting of the heads of financial and accounting audit bureaus of the Gulf Cooperation Council (GCC) member states commenced in Kuwait on Wednesday, with participants reaffirming their commitment to enhancing joint oversight efforts and safeguarding public funds. In his opening address, President of the State Audit Bureau (SAB) and chairman of the session, Essam Al-Roumi, underscored the importance of the gathering as an extension of earlier initiatives that have contributed to improving the quality and professionalism of supervisory work across the Gulf.Al-Roumi noted that the agenda…

KUWAIT: Acting Director General of the Central Statistical Bureau (CSB) Wafaa Al-Yahya has emphasized the importance of strengthening coordination and cooperation mechanisms among technical institutions in Gulf Cooperation Council (GCC) countries, noting that such efforts directly contribute to the welfare and prosperity of their peoples. Speaking to KUNA following the conclusion of the 12th meeting of the GCC Permanent Committee for Statistical Affairs, chaired by Kuwait and hosted in Oman, Al-Yahya highlighted the significance of joint Gulf action, consistent follow-up on key files and the implementation of decisions and directives of GCC leaders.She affirmed that Kuwait’s participation in such meetings…

Nike is getting back its Street cred — at least as far as Jim Cramer is concerned. “I’m going to make a bull call here. I have not really cared for the stock of Nike in a long time. I think just as Lululemon descends, it’s time to buy Nike,” Cramer said Wednesday morning on CNBC’s “Squawk on the Street .” In fact, Cramer is so optimistic in Nike’s recovery potential that he’s “trying to figure out” whether it belongs in his Charitable Trust, the portfolio used by the CNBC Investing Club. The iconic sports apparel brand has struggled for the…

Oracle Corp Chief Executive Larry Ellison during a launch event at the company’s headquarters in Redwood Shores, California June 10, 2014.Noah Berger | ReutersOracle’s massive growth trajectory for cloud infrastructure is lifting all boats.The cloud giant forecasted skyrocketing sales to $114 billion in the company’s fiscal 2029, signalling demand for artificial intelligence processing will remain high over the next few years, and will require Oracle to build out new data centers.”The guide for a 14x of Oracle’s cloud infra segment in 5 years, mostly from GPU cloud demand, and the guide for capex of $35b in FY26 is bullish Nvidia,…

Sep 10, 2025, 01:10 PM ETWelcome back to Onside/Offside! This week, Luis Miguel Echegaray recaps some of the most notable highlights from the international break. From jubilation in west Africa and the heights of El Alto in South America to a spark of encouragement in Columbus, Ohio, here is LME’s point of view as World Cup qualifiers took center stage.ONSIDE: Finally, a spark for the U.S.After Saturday’s uninspiring 2-0 loss to South Korea in Harrison, New Jersey, with another disjointed performance, the United States men’s national team finally gave its fans a reason to believe in Mauricio Pochettino’s project, beating…