The Latest Breaking News from CNBC

Amazon’s AI Chief Predicts a Commercial Quantum Computer Will Be Usable Within 7 Years. Why This Matters.

Amazon's AI chief says the first commercially useful quantum computer is just five to seven years away. Here is what that means for investors and the tech industry.

Barchart · Jun 24

Scott Bessent calls Mamdani 'leader of the Democratic Party,' touts weekly Warsh breakfasts and a new push to put every American in the stock market

"Do you want to keep more of your money?" The Treasury Secretary asked on CNBC. "it's not the fringe Democratic left anymore."

Fortune · Jun 24

After being laid off from a corporate job, woman saved $24,000 and turned an abandoned Joann store into a two-day craft festival

After losing her corporate marketing job in 2025, Southern California events producer Lauren Tetef decided to bet on a dream she had long imagined. Over several months, she saved about $24,000 through freelance work and transformed a vacant former Joann fabric store in Torrance, California, into Open House Creative Fest,…

The Times of India · Jun 24

South Korea's KOSPI Index Falls 10% Amid Signals That Tech Raly Could Be Overheated

South Korea's KOSPI index dropped 10% on Tuesday amid signals that the rally in the tech sector could have become overheated.

International Business Times · Jun 23

Musk vs Khanna Feud Escalates: Musk Calls for Arrest Over Insider Trading as Khanna Seeks TV Debate on DOGE Cuts

The controversy between Elon Musk and Representative Ro Khanna focuses on allegations of insider trading and the impact of USAID cuts.

International Business Times UK · Jun 23

S&P 500, Nasdaq Fall As Chipmakers Struggle; Dow Jones Climbs

The S&P 500 and the Nasdaq Composite fell on Monday, dragged by chipmakers.

International Business Times · Jun 22

Republicans Outpace Democrats In Crypto Adoption As Political Divide Emerges In U.S. Market

Men under 50 continue to dominate cryptocurrency trading, with gender differences proving wider than the partisan split.

International Business Times · Jun 22

Lucid Motors layoffs 2026: EV maker slashes jobs ahead of SUV launch - why is Lucid laying off employees, how many jobs are being cut and which roles are impacted?

Lucid Motors layoffs 2026 explained: EV maker Lucid Motors is undergoing significant workforce reductions, cutting approximately 18% of its global staff, around 1,500 employees. This move, coupled with the elimination of a production shift, signals a strategic reshaping under new CEO Silvio Napoli.

The Economic Times · Jun 22

10X Bigger Than Amazon: Jeff Bezos Breaks Silence on His Secretive New $70 Trillion AI Venture

Jeff Bezos' new venture, Prometheus, aims to revolutionise manufacturing by using AI to speed up product development, targeting a $70 trillion market.

International Business Times UK · Jun 22

US Seniors Could Lose Half Their Social Security Cheques Under Tougher Overpayment Clawback Rules

The Social Security Administration's policy changes on overpayment recovery, now set at a 50% withholding rate, affect millions of retirees and disabled beneficiaries, causing financial strain and uncertainty.

International Business Times UK · Jun 21