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The Latest Breaking News from CNBC

Red Lobster lost millions on its endless shrimp disaster. Shareholders say it was a ‘car crash’ designed to squeeze profits

The lawsuit accuses former controlling shareholder Thai Union of orchestrating the ploy to boost its seafood business.

Fortune

Stocks Edge Down As Nasdaq Posts Fifth Loss In a Row

Stocks edged down on Friday, but the tech-heavy Nasdaq Composite fell for the fifth session in a row after a slight drop.

International Business Times

Bitcoin ETFs Post Record $6.4 Billion Outflows As BTC Slides To 2024 Lows

U.S. spot bitcoin ETFs have recorded their largest monthly withdrawal streak since launch as risk-off sentiment spreads across crypto markets and broader macro conditions remain tight.

International Business Times

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Fed Officials Keep Focus On Inflation As Goolsbee Warns Price Pressures Remain High

Chicago Federal Reserve President Austan Goolsbee said inflation remains the central bank's biggest concern despite some improvement in services prices.

International Business Times

Public Health Officials Say Measles Poses a Bigger World Cup Threat Than Ebola

Measles, not Ebola, is the top health threat at the 2026 FIFA World Cup, say health officials. The U.S. has 2,104 cases in 2026. Here's the risk and how to protect yourself.

Medical Daily

Your 2027 Social Security Raise Is Shaping Up to Be the Biggest in Years — Here’s the Latest

For many retirees, Social Security COLA announcements feel like financial weather forecasts that can shift the entire year. Early projections for 2027 suggest something many recipients have not seen in quite a while, a potentially stronger cost-of-living adjustment driven by stubborn inflation patterns. According to recent reporting from CNBC, inflation…

The Free Financial Advisor

Anthropic Accuses Alibaba Of Large-Scale Effort To Extract Claude AI Capabilities

Anthropic has accused Chinese technology giant Alibaba of conducting a large-scale campaign to extract capabilities from its Claude artificial intelligence models.

International Business Times

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Anthropic expands hiring for AI infra roles in A-Pac amid surge in demand

The hiring push comes as Anthropic works to expand its computing capacity beyond the US. The company had said in a blog post in April that rapid growth in demand had placed pressure on its infrastructure, impacting reliability and performance.

The Economic Times

Micron stock surges after Micron earnings report crushes estimates: How is AI demand driving Micron to new heights?

Micron's earnings report highlights the rising influence of AI on the semiconductor sector. The company has exceeded projections while forecasting strong revenue growth driven by substantial demand for memory and storage solutions, especially in data centers. With secured long-term customer agreements, Micron appears well-positioned for ongoing success and expansion in…

The Economic Times

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

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

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

Stocks Fall Again, Dragged By Chipmakers; Defensive Stocks Climb

Stocks again dropped on Tuesday, dragged by chip-related shares.

International Business Times

AI Memory Startup Engram Raises $98 Million As It Seeks To Slash Token Costs

AI memory startup Engram has raised $98 million from a powerhouse group of investors as it seeks to reduce the cost of tokens.

International Business Times

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International Business Times

Magnificent 7 Selloff Is a Buying Opportunity as AI Spending Boom Continues, Strategist Says

The Magnificent 7, which consists of Apple, Microsoft, Nvidia, Amazon, Meta, Alphabet and Tesla, remains the dominant force in U.S. equities. A strategist said the recent selloff is a new opportunity to buy them.

International Business Times

SpaceX Drops Below IPO Price As Stock Falls For Fourth Day In a Row

SpaceX shares fell below the company's IPO price of $150 as a wider rout in tech stocks continues.

International Business Times

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 UK

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.

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news in one place.

100's of premium titles.
One news app.

International Business Times

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

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.

The Economic Times

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.

International Business Times UK

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

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.

Fortune

Why odds of SpaceX merger with Tesla keep climbing every time the stock shoots up

But a giant leap for Tesla shareholders could be a rotten move for SpaceX investors.

International Business Times

SpaceX IPO Creates New Billionaires As Elon Musk's Stake Tops $1 Trillion

SpaceX shares remain above their IPO price despite losing ground after a record-setting debut week.

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