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The Latest Breaking News from CNBC

What Means That Americans May Have to Wait Longer for Rate Relief

The Fed has held its benchmark interest rate steady throughout 2026 as policymakers weigh persistent inflation against signs that the labor market and broader economy are losing momentum.

International Business Times

Without Warren Buffett, Berkshire Hathaway is no longer an attractive investment: ‘Big Short’ fame Michael Burry

Veteran investor Michael Burry said Berkshire Hathaway has lost its investment appeal after Warren Buffett’s succession, arguing that Greg Abel may lack Buffett’s patience for major opportunities. Burry also flagged concerns over Berkshire’s large cash pile, saying its recent moves appear more strategic than investment-focused.

The Economic Times

Forget gold and stocks: Nvidia CEO Jensen Huang aims to make chips an investable asset, lines up $500 bn in financing

Nvidia CEO Jensen Huang said AI compute is emerging as a new investable asset class as the chipmaker partners with six major financial firms to establish financing platforms. The initiative aims to mobilise over $500 billion in third-party capital for AI infrastructure, as Nvidia seeks to position compute capacity as…

The Economic Times

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AI Models Went Rogue at OpenAI, Anthropic and Meta. One Small Israeli Startup Reportedly Links the Incidents

The company, Irregular, is a three-year-old Tel Aviv startup that provides specialized testing environments designed to probe the capabilities and potential security risks of increasingly powerful AI systems.

International Business Times

Foreign Developers Spent Millions Licensing Trump's Name. The White House Says There's No Conflict.

International developers paid $59.5 million to license President Trump's name for a variety of projects in 2025.

International Business Times

Trump generated $59.5M in his first year back in office by licensing his brand overseas

Foreign governments are putting money directly ‘into the sitting president’s pocket,’ one critic says

The Independent UK

Intel Plans $15 Billion Stock Sale As AI Demand Puts Its Factories Into Overdrive. Stocks Fall.

Semiconductor giant Intel announced Monday that it plans to raise $15 billion through an underwritten public offering of common stock.

International Business Times

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High margin debt! JPMorgan CEO Jamie Dimon fires a warning shot for Wall Street investors

JPMorgan CEO Jamie Dimon warned that record margin debt and hidden leverage across financial markets could increase the risk of a sudden disruption. While stopping short of calling it systemic, he cautioned that forced selling after market declines could amplify volatility.

The Economic Times

$48 billion profit! 5 global oil majors cash in on oil surge amid Iran war. Where is money flowing?

Five global oil majors — Exxon Mobil, Chevron, BP, Shell and TotalEnergies — posted a combined $48 billion profit in Q2, benefiting from oil prices surging above $100 a barrel amid US-Iran hostilities. Their combined cash generation hit a record $90 billion, surpassing levels seen after Russia’s 2022 invasion of…

The Economic Times

Student debt: Nearly 450,000 US borrowers set for relief under $23 billion settlement; check eligibility, forgiveness amount, application process and more

Nearly two hundred thousand more student loan borrowers will have federal debt forgiven. This follows a federal appeals court decision rejecting a delay request. The ruling brings the total number of borrowers receiving debt relief to about 450,000. Eligible borrowers may also receive refunds for previous payments made. The Education…

The Economic Times

Hollywood Reels Out Billion-Dollar Hits Again. Blockbuster 2026's Box Office Odyssey Will Continue

Modern blockbuster movies' billion dollar collections are also attributed to the rise in prices of movie tickets for the standard version as well as the surge in premium large format showings. Imax, Dolby Cinemas, ScreenX and 4DX have also been beneficiaries of this trend, reporting record ticket collections spurred by…

International Business Times

Gold prices jump 7% to log best weekly gain in 8 months. Start of another yellow metal bull run?

Gold prices surged 7% this week, marking their strongest weekly gain in eight months as falling crude prices, weak US jobs data and resilient central bank demand boosted the metal’s appeal. With geopolitical risks and rate-cut hopes providing further support, analysts see potential for gold to resume its long-term bull…

The Economic Times

DraftKings Misses Revenue as CEO Says Prediction Market Rivals Are 'Spinning Narratives' Ahead of NFL Season

DraftKings (NASDAQ:DKNG) missed second-quarter revenue expectations Thursday, but Wall Street quickly moved past the miss to a bigger question: whether prediction markets are becoming the company’s next major growth engine.

Benzinga

Meta To Pay Hundreds Of Millions In New Mexico For Harming Kids. More Lawsuits Are Pending

Meta has been ordered to pay an additional $567 million in a legal case where it was found that the company's products hurt the mental health of children and enabled sexual predators.

International Business Times

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International Business Times

Wildfires Are Ravaging Europe. Insurers Are Warning Of A Rising 'Protection Gap'

With wildfires ravaging France and Spain, insurers are warning that the costs of such disasters are increasingly outpacing insurance coverage.

International Business Times

Volkswagen's Biggest Shareholders Sound The Alarm Over Chinese Competition. They Seek a Dramatic Restructuring

Volkswagen has already confirmed it is evaluating plans to eliminate up to 100,000 jobs, double the number previously discussed, as part of an effort to restore competitiveness after a sharp earnings decline.

The Economic Times

AI frenzy spooks investors but JPMorgan CEO Jamie Dimon says spending boom likely to pay off. Here's why

JPMorgan Chase CEO Jamie Dimon believes massive capital expenditure in artificial intelligence by hyperscalers will ultimately pay off despite market anxiety. Speaking to CNBC, Dimon noted that AI infrastructure demand is driving US economic growth and GDP, though individual data centre project risks require careful case-by-case analysis.

International Business Times

A New Data Center 'Bill Of Rights' Would Empower Communities To Say Not In Their Backyard

As data centers continue to be a core topic of discussion, one congressman is proposing a "data center bill of rights" that would empower communities to reject proposals.

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International Business Times UK

US Labour Participation Crisis: 720,000 Workers Exit Job Market as Tech Layoffs Fuel Dropout Trend

More than 720,000 Americans dropped out of the workforce in June, marking the steepest one-month decline in prime-age labour participation since 1976 outside of the pandemic.

International Business Times

Food Prices Keep Squeezing Americans. A New Report Says Groceries Affordability Is the Nation's Biggest Challenge

A survey of 30,000 Americans across income groups showed that 90% of respondents identified groceries and food prices as one of their biggest financial worries.

The Economic Times

Warren Buffett and Sam Altman have a common investing rule: Here is where they find biggest opportunities

Billionaires Warren Buffett and Sam Altman share a fundamental investment strategy: avoiding mainstream hype. While Altman focuses on overlooked startups, Buffett warns against market gambling and FOMO buying, emphasizing that the best long-term investment opportunities are rarely the ones capturing the most popular market attention.

The Economic Times

Somebody will disrupt the market! Why JPMorgan CEO Jamie Dimon is raising alarm over high leverage

JPMorgan CEO Jamie Dimon warned that elevated market leverage and hidden borrowing could amplify volatility, increasing the risk of sudden market disruptions. While he dismissed comparisons with the 2008 financial crisis, Dimon cautioned that geopolitical tensions, fiscal deficits and rising military spending could fuel inflation and unsettle investors.

Latin Times

Trump Slams Chevron and Exxon Over Profits, But The Real Math Tells a Different Story

Trump slammed Chevron and ExxonMobil for wartime profits and claimed a 12x earnings jump — the real gains were closer to 4x and 2x.

International Business Times

Bank of America CEO Says The Company Spends $250 Million A Year on GLP-1 Drugs for Their Employees. He Calls It a Good Investment

Bank of America CEO Brian Moynihan said the company has dramatically increased its investment in medications such as Novo Nordisk's Ozempic and Wegovy and Eli Lilly's Zepbound.

Latin Times

U.S. and Japan Team Up for Rare Coordinated Intervention to Halt Yen's Slide

Meta description: "The U.S. and Japan made a rare joint bet to rescue the sinking yen — here's what's driving it, and what could unravel it."

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