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The Latest Breaking News from CNBC

Euro Zone Inflation Climbs To 3.2% As Iran War Keeps Energy Prices Elevated

Rising oil and gas prices linked to the conflict involving Iran continued to drive inflation across the euro area, while price pressures varied significantly among member states.

International Business Times

White House ‘reviewing’ college sports bill ahead of Senate hearing

The House and Senate could be headed toward a showdown over competing bills that would usher in major changes to college sports, but President Donald Trump has yet to make clear just what he would sign. The Senate Commerce Committee on Wednesday morning is slated to hear from expert witnesses…

Roll Call

Critics Sound Alarm After Donald Trump Contradicts Himself Three Times in One Sentence

Donald Trump's meandering CNBC interview on Iran, NATO and European 'windmills' has triggered fresh questions about his focus and judgment as he seeks a return to the White House.

International Business Times UK

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Trump Says He 'Couldn't Care Less' if Iran Talks Collapse, Calls Negotiations 'Very Boring'

President Donald Trump shrugged off concerns that negotiations with Iran could be ending, saying he "couldn't care less" whether the talks continue and describing the diplomatic process as increasingly tedious.

Latin Times

35 judges urged action. Now a Miami judge has reopened Donald Trump’s ‘Weaponization Fund’ IRS suit

The IRS had a list of defenses for the lawsuit that the GOJ reportedly ignored.

We Got This Covered

Berkshire Hathaway buys homebuilder Taylor Morrison and then invests $10B in Alphabet under new CEO

Berkshire Hathaway's new CEO Greg Abel started the week by inking a deal to acquire homebuilder Taylor Morrison for $6.8 billion, and he's followed that up on with a $10 billion investment in Google's parent company

AAP

Warren Buffett’s successor reshapes empire with $10 billion AI gamble

Berkshire Hathaway’s new CEO Greg Abel started the week by inking a deal to acquire homebuilder Taylor Morrison for $6.8 billion, and he's followed that up on with a $10 billion investment in Google's parent company

The Independent UK

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Berkshire Hathaway buys homebuilder Taylor Morrison in first deal under new CEO

Berkshire Hathaway's new CEO Greg Abel hinted that he may depart from Warren Buffett's longtime hands-off operating model at the conglomerate as he announced a $6.8 billion cash acquisition of homebuilder Taylor Morrison

AAP

Trump-Linked Startup Plans to Put Humanoid Robots on Future Battlefields

Foundation Future Industries, a San Francisco-based robotics company, is developing human-shaped robots designed for industrial work and military operations.

International Business Times

Berkshire Hathaway CEO signals strategy shift from Warren Buffett legacy with new deal

Berkshire Hathaway’s new chief executive, Greg Abel, has signaled a potential departure from Warren Buffett’s long-held hands-off operating model, following the announcement of a $6.8 billion acquisition of homebuilder Taylor Morrison.

The Independent UK

New Berkshire Hathaway CEO Greg Abel makes first deal since taking over from Warren Buffett

AAP

Nvidia, Meta And Walmart Top The List Of Companies Using AI The Most: Report

Companies across the S&P 500 are adopting artificial intelligence at sharply different rates, accordin to a new report.

International Business Times

U.S. Households Have Paid Nearly $450 More Since Iran War Began, Analysis Shows

Americans have paid nearly $450 more per household in fuel-related costs since the start of the U.S.-Iran war, a new analysis shows.

International Business Times

I'm a Retirement Psychologist: This Is the Identity Crisis That High Achievers Don't Plan For (and What to Do About It)

Shifting your identity from working and saving to spending and living can be tough, but here's why you need to do it for yourself and your family.

Kiplinger

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International Business Times

Trump's National Security Meet On Iran Provides No Clarity On 'Final Determination'

There has been no announcement on a decision whether to approve a deal, or to pause the conflict in the Middle East, which has dragged on for three months now.

The Independent UK

Americans have paid an additional $59 billion in inflated fuel prices since Trump started his Iran war

The extra $450 spent by each US household has already eaten up this year’s $380 increase in the average tax refund

The Independent UK

Congress is looking to ban Chinese-made vehicles in US - but could take out Mercedes-Benz as well

Bill would ban automakers tied to U.S.-designated adversaries, including China, Russia and North Korea, from making, selling or importing vehicles into the U.S. for five years

International Business Times

Nvidia Expands Photonics Push With Billions In New AI Infrastructure Investments

Nvidia has committed at least $6.5 billion in investments tied to photonics and optical networking companies since March, widening its effort to address one of the biggest infrastructure constraints facing the AI industry.

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The Economic Times

Why can't Trump add his name to the Kennedy Center or close it for renovations? Here's what Judge Christopher Cooper said

Kennedy Center ruling explained: A federal judge has blocked President Donald Trump from renaming the Kennedy Center to the Trump Kennedy Center. The judge ruled that only Congress has the authority to change the cultural institution's name. Plans to close the Kennedy Center for renovations were also temporarily halted.

International Business Times

Traders Betting On a Quick Resolution Of The Iran War Could Be Badly Burned, Report Warns

Analysts say the conflict involving Iran and the United States has added a persistent risk premium to oil markets amid continued instability in the Middle East.

The Economic Times

Dell lands $9.7 billion Pentagon deal months after Trump-linked donation

Dell has secured a significant $9.7 billion, five-year technology agreement with the US Department of War for military software and cloud services. This deal, awarded after a competitive bidding process, is expected to streamline licensing and save the Pentagon approximately $422 million annually. The contract follows substantial philanthropic contributions from…

International Business Times

Traders Echo Pope Leo's Warning That AI Could Trigger Mass Job Losses

Traders on Kalshi are giving a 60% chance that U.S. unemployment will cross 8% at some point before 2030 and a 47% chance that it will cross 9% during the same period, largely as a result of AI implementation.

International Business Times

SpaceX-Tesla Merger Talk Intensifies Ahead of Rocket Company's Nasdaq Debut

Elon Musk is about to take SpaceX public, and the move is reigniting speculation across Silicon Valley and Wall Street that his long-term goal may be to combine the company and Tesla into a single corporate empire.

International Business Times

Goldman Sachs Lifts S&P 500 Target As Earnings Growth Continues To Drive Wall Street Rally

The S&P 500's rally this year has been driven largely by corporate earnings growth rather than expanding valuations, prompting Goldman Sachs to raise its year-end target for the benchmark index as Wall Street continues to post record highs.

International Business Times

ECB Warns Risk Of Market Correction Rising As Stocks Hit Record Highs

Fresh warnings from top European policymakers come as global stocks continue climbing despite mounting geopolitical and economic risks.

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