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The Latest Breaking News from CNBC

Anthropic and OpenAI Face a Six-Month Test — Perplexity CEO Says 'Then It's a Problem for Them'

Perplexity AI's CEO highlights the urgency for Anthropic and OpenAI to innovate in AI technology to maintain their £1.35 trillion valuations as they prepare for significant IPOs.

International Business Times UK

Elon Musk Could Become the World's First Trillionaire — But Just How Big is $1 Trillion, Really?

Elon Musk's net worth could top $1 trillion (£793bn) when SpaceX lists on 12 June. Putting that sum in context reveals just how incomprehensible it is.

International Business Times UK

Voters Are Furious About AI Data Centres Pushing Up Their Electricity Bills, Here's Why Politicians Won't Touch It

Rising electricity costs due to AI data centres are becoming a major issue in American politics, impacting the 2026 midterms as both parties grapple with voter concerns and industry influence.

International Business Times UK

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Tesla Sales in China Are Popping, But That Means Nothing If You Can’t Stomach TSLA Stock’s Absurd P/E Ratio

Tesla China sales jumped almost 40% in May as its FSD software rolled out globally. Here's why TSLA stock still belongs on your watch list now.

Barchart

Sen. Chris Murphy Torches Trump's Iran Deal, Calls Conflict the 'Most Incompetent War in Modern US History'

US Senator Chris Murphy criticises President Trump's draft deal to end the Iranian conflict, questioning its effectiveness and impact on America's global standing. Discover the implications for the Strait of Hormuz and the international response.

International Business Times UK

Hedge Funds Ride Oil Volatility To Double-Digit Gains As Iran War Reshapes Commodity Markets

The surge in oil prices resulting from the war in Iran has delivered one of the most profitable trading environments in years for quantitative hedge funds.

International Business Times

Iran War And Strait Of Hormuz Disruption Set To Reshape Energy Security Debate In The Long Term

Energy executives, economists and market analysts say the war in Iran has exposed vulnerabilities in fossil fuel supply chains while accelerating discussion about domestically generated power sources.

International Business Times

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S&P 500 could end 9-week winning streak, Dow and Nasdaq fall - here are reasons why US stock market is down today June 5

S&P 500, Dow and Nasdaq down today: Wall Street ended the week in the red as a robust US jobs report fueled fears of prolonged high interest rates. Tech stocks, especially semiconductors, bore the brunt of the sell-off. Investors are now seeking refuge in defensive sectors, while global shipping and…

The Economic Times

$1.77 trillion! SpaceX is about to become the 7th-most valuable American company

SpaceX will sell its shares for $135 apiece during its IPO, yielding a valuation of $1.77 trillion.

Space

'In best of families...': Netanyahu responds to Trump's 'crazy' remark, acknowledges 'tactical disagreements'

Israeli Prime Minister Netanyahu acknowledged 'tactical disagreements' with US President Trump over regional conflicts but emphasized their shared goals, particularly countering Iran's nuclear ambitions and Hezbollah. Despite recent heated exchanges, Netanyahu hailed Trump as Israel's 'greatest friend,' citing his strong support for the nation. Both leaders aim for regional stability.

The Times of India

Time Loves A Hero

With all of the pompous and, at times, ignorant rants across his social media platforms, Trump has continued to build a very large wedge between people in America.

International Business Times

Amazon Engineers Slam Company's AI Data Center Spending Amid Ongoing Layoffs

Amazon engineers publicly criticized the company's aggressive investment in artificial intelligence infrastructure, noting that it is taking place at the same time as massive layoffs.

International Business Times

Finnish President Floats Idea Of Canada Joining the EU Amid Tensions With Trump

Finnish President Alexander Stubb suggested that Canada could be a candidate to join the European Union.

International Business Times

‘I don’t care if they’re over, honestly’: Donald Trump says that he doesn’t care about the possible collapse of Iran talks

"We don't need NATO."

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International Business Times

Musk's Net Worth Poised To Top $1 Trillion On Historic SpaceX Debut

Elon Musk's ownership stake in SpaceX has reached a paper value of more than $866 billion following the company's updated initial public offering filing.

International Business Times

American Airlines Suspends Six Domestic Routes As Jet Fuel Prices Remain High

American Airlines has suspended six routes as jet fuel prices remain high due to the war in Iran.

The Economic Times

Uber slashes 23% of HR and recruitment jobs, says AI isn't the reason - here's why Uber is laying off employees

Uber layoffs 2026 reason explained: Uber is reorganizing its People and Places division, leading to layoffs affecting approximately 23% of its HR and recruitment teams. The company clarified these cuts are not AI-related but aim to create a more modern and efficient organization. These changes represent less than 1% of…

International Business Times

Ray Dalio Says AI Market Shows Signs Of Being a Bubble: 'Nobody Can Get It Exactly Right'

Billionaire investor Ray Dalio said the artificial intelligence market is showing signs of being a bubble.

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The Economic Times

Netanyahu downplays row with Trump, says both agree on disarming Hezbollah

Israeli Prime Minister Benjamin Netanyahu downplayed on Wednesday a row with US President Donald Trump, saying they both were aligned on the goal of disarming Hezbollah in order to achieve peace between Israel and Lebanon. "And so if we want to save Lebanon, if we want to get a Lebanese-Israeli…

International Business Times

OECD Cuts Global Growth Outlook As U.S.-Iran War Weighs On Economy, Energy Markets

The global economy is expected to slow this year as the fallout from the U.S.-Iran war continues to ripple through energy markets, trade routes and investment activity, according to the OECD.

International Business Times

Netanyahu Says He Has 'Tactical Disagreements' With Trump But 'Always Find a Way To Work Them Out'

Israeli Prime Minister Benjamin Netanyahu said he and President Donald Trump have "tactical disagreements" but have "common goals."

International Business Times

Stock Market Flashes Dot-Com Bubble Warning Sign As AI Rally Narrows: Report

The S&P 500 closed at a record on the final trading day of May, but only 20 companies in the index also reached their own all-time highs.

International Business Times UK

Ivanka Trump Claims She Sacrificed Her $800 Million Business for the White House — The Reality Is Murkier

Ivanka Trump says her fashion brand made $800 million a year. Public filings, expert estimates and her own disclosures suggest otherwise.

International Business Times UK

Bitcoin Dips Below $66,000 Amid AI Rally — Why Some Analysts Eye $50,000 Next

Bitcoin prices fell below $66,000 on Wednesday, with analysts warning of further declines amid shifting sentiment and upcoming IPOs.

The Economic Times

Nvidia CEO Jensen Huang's bold prediction sends Marvell stock (MRVL) rallying 29% today - here's what he said

Marvell (MRVL) stock rally after Nvidia CEO Jensen Huang's prediction: Marvell Technology's stock surged after Nvidia CEO Jensen Huang lauded the company as a potential "next trillion-dollar company." Huang emphasized Marvell's crucial role in AI infrastructure, particularly its networking and connectivity solutions, which are essential for distributed computing in massive…

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