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The Latest Breaking News from CNBC

Kevin Warsh's Stance On The Fed's Independence Draws Scrutiny Amid Nomination Push: Report

Kevin Warsh's views on Federal Reserve independence are drawing fresh scrutiny as he moves closer to becoming the next chair of the central bank, according to a new report.

International Business Times

GameStop Makes $56 Billion Bid For eBay, Signals Readiness For Shareholder Fight

GameStop has proposed acquiring eBay in a deal that would create a major online commerce group spanning retail stores and digital marketplaces, with CEO Ryan Cohen indicating he is prepared to take the bid directly to shareholders if necessary.

International Business Times

Florida Artist Turned $8 Postcards Into $18,300-A-Month Business Mailing 'Architecture' — Joins Gen Z Snail Mail Wave

Gen Z creators are capitalizing on the nostalgia of snail mail, earning significant profits through subscription services that offer unique, hand-crafted content.

International Business Times UK

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Warren Buffett says markets are like a church with a casino attached, but 'we've never had people in a more gambling mood than now'

"But that doesn't mean that investing is terrible. It does mean that prices for an awful lot of things will look very silly."

Fortune

Bitcoin April Rally Fueled By Futures Trading As Spot Demand Weakens, Data Shows

CryptoQuant analysis and market data indicate leveraged derivatives activity drove Bitcoin's 12.7% monthly gain, while spot accumulation stayed negative amid geopolitical and macroeconomic pressures.

International Business Times

CEO Pay Rises 20 Times Faster Than Worker Wages In 2025, Oxfam-ITUC Report Says

Executive compensation rose sharply across major global firms in 2025 while worker wages remained largely flat, according to a new Oxfam and ITUC analysis released ahead of International Workers' Day.

International Business Times

Trump Removes Scotch Whisky Tariffs After King Charles State Visit To Washington

The U.S has lifted tariffs on Scotch whisky following a state visit by King Charles III and Queen Camilla, with President Donald Trump announcing the decision as a gesture tied to the visit.

International Business Times

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Hershey's CEO Claims Ozempic Breath is Driving Massive Surge in Mint and Gum Sales Across the United States

Hershey's CEO attributes an 8% sales increase in Ice Breakers mints and gum to the side effects of GLP-1 weight-loss drugs, highlighting an unexpected revenue driver.

International Business Times UK

Iran Reportedly Gives U.S. Response To Document Seeking To End The War

Iran gave the U.S. its response to the latest version of the document seeking to end the war, according to a new report.

International Business Times

'This is How I Made My First $1 Million': Fox News Host Who Earns $10M A Year Reveals Her Mum's Money Tip

Fox Business host Maria Bartiromo, who earns $10M (£7.9M) a year, says her mother's childhood saving lessons laid the foundation for her $50M net worth.

International Business Times UK

Oil Shock From Iran Conflict Pushes Global Economy Toward Stagflation Risk: Analysis

A sustained energy supply shock is reshaping global economic expectations, with analysts warning that inflationary pressure and slowing growth are increasingly moving in tandem across major economies.

International Business Times

Meta Stock Slides As JPMorgan Downgrade Highlights Mounting AI Spending Risks

Meta Platforms is facing fresh skepticism on Wall Street after a major downgrade flagged concerns over the company's ability to generate meaningful returns from its escalating artificial intelligence investments.

International Business Times

California Couple Sold Burritos Outside Home Depot — Now They Make $2.3M A Year

Lydia Holmes and John Clarke launched LJ's Lil' Cafe from a shed at a Home Depot in 2021. Their two restaurants pulled in $2.3M in sales in 2025.

International Business Times UK

Labubu boo-boo? US sales plunge for toy maker as it struggles to diversify beyond popular plushie

Pop Mart went viral for its creepy and cute monster plushies but it remains to be seen whether it can hold on to its fan base

The Independent UK

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TechRadar

‘You don’t cook a Thanksgiving turkey in the microwave’: Pentagon confirms Department of Defense will use Google Gemini for ‘classified projects’ – US military to expand AI vendors as ‘overreliance on one vendor is never a good thing’

Google's Gemini joins OpenAI's ChatGPT as AI models being leveraged by the Department of Defense for warfighting capabilities.

International Business Times

EU Flags Meta For Failing To Enforce Age Limits On Facebook, Instagram

Meta has been charged by European regulators for failing to prevent children under 13 from accessing Facebook and Instagram.

International Business Times UK

Jim Cramer Warns 'Parabolic' Chip Rally Signals Dot-Com Risks — How To Protect Your Portfolio

Jim Cramer said the semiconductor index's record 18-session winning streak and 47% surge are 'worrisome,' drawing parallels to February 2000.

International Business Times UK

US Petrol Prices Hit Four-Year High? Reports Claim Gridlock Over Reopening of Strait of Hormuz Sent Cost to $4.18 a Gallon

US petrol prices have surged to a four-year high due to geopolitical tensions over the Strait of Hormuz, affecting global oil supply and consumer costs.

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International Business Times UK

Chicago Man Turned $2,300 Side Hustle Into $2M Business Mailing 'History' — Then Landed Shark Tank Deal

Ari Siegel's History By Mail, a subscription service for historical document replicas, secured a Shark Tank deal after reaching $2 million in revenue. The company plans further expansion.

International Business Times

Baker Hughes CFO Warns Strait of Hormuz May Not Fully Reopen Until Late 2026

Baker Hughes CFO Ahmed Moghal told investors on the company's first-quarter earnings call that Baker Hughes' financial guidance assumes the conflict continues through the end of June.

Fortune

‘Capitalism works because the losers die’: Kevin O’Leary says it’s a ‘really bad idea’ for the federal government to bail out Spirit Airlines

The “Shark Tank” star and multimillionaire investor says the Trump administration’s reported $500 million rescue plan props up “bad management” and undermines the free market.

Fortune

Anthropic explains Claude Code’s recent performance decline after weeks of user backlash

Claude Code turned Anthropic into developers’ most trusted AI platform. A month of degraded performance is now threatening the goodwill that fueled its $30 billion revenue run.

International Business Times

President Donald Trump's Disapproval Reaches Highest Level Of Second Term, NYT Polling Average Shows

President Donald Trump's disapproval levels have reached the highest level of his second term, according to a new polling average.

International Business Times UK

She Spent $680 On A Camcorder To Start A 'Nostalgic' Wedding Video Business — Now It's A $1.7M Success

Anne Marie Carroll's Wedding Weekender has logged 2,000 orders and $1.7M in sales renting camcorders to couples as a cheaper alternative to videographers.

International Business Times

Bank Of England Warns Of Looming Global Stock Market Correction Despite Wartime Rally

Markets are hitting record highs even as war and financial system vulnerabilities raise concerns about a sudden reversal.

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