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The Latest Breaking News from CNBC

Buffett's $6 billion annual gifts skip Gates foundation after Epstein ties disclosed

Warren Buffett has redirected his annual donations away from Bill Gates' foundation. He will now donate approximately six billion dollars to his family's foundations. Buffett plans to give away his remaining Berkshire Hathaway stock by 2034. This decision accelerates his previous plan for distributing his vast fortune. Gates' foundation acknowledged…

The Economic Times

Ohio Cut Red Tape. Now Its Business Sector Is Thriving.

America's most business-friendly states are proof that permitting reform works. Still, they have a bad habit of handing out tax breaks to favored industries.

Reason

The World Cup's Biggest Spending Boom Didn't Happen at Kickoff. It's Happening Now

After weeks of uncertainty over bookings, economists and travel analysts say the World Cup is now producing the kind of spending surge many local businesses had anticipated before kickoff.

International Business Times

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Buffett Plans to Give Away More in Next 8 Years — Are Trump Accounts Next on His List?

Billionaire Warren Buffett is known for many things, whether its his decades leading Berkshire Hathaway (NYSE:BRK)(NYSE:BRK), his investing wisdom or his philanthropic efforts.

Benzinga

Warren Buffett omits annual donation to Bill Gates’ foundation after his Epstein ties were disclosed

Billionaire Warren Buffett omitted Bill Gates′ foundation from his annual donations this year after disclosures of the Microsoft co-founder’s ties to convicted sex offender Jeffrey Epstein

The Independent UK

China's AI Race Is Producing New Winners. Goldman Sachs Says A Few Models Are Pulling Ahead.

China's rapidly expanding artificial intelligence sector is beginning to produce clear leaders as companies compete to improve large language models and expand enterprise adoption.

International Business Times

Trump's Strait of Hormuz Plan Explained: Can the US charge ships and what it means for India

Strait of Hormuz Explained: US President Donald Trump's proposal to impose a 20% charge on cargo passing through the Strait of Hormuz has sparked a sharp rebuttal from Iran and raised fresh concerns over oil prices, global trade and India's economy. Here's what international law says, why the UN opposes…

The Economic Times

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Wall Street Poised For Strong Q2 Earnings As SpaceX IPO, Market Volatility Drive Growth

JPMorgan, Goldman Sachs and other big banks are poised for strong Q2 earnings, fueled by the SpaceX IPO, Iran war-driven market volatility and a recovery in commercial lending.

International Business Times

Meta Has Been Looking to Expand Its AI Capabilities. It Has Now Announced Plans on Invest $50 Billion on a New Data Center.

Meta is dramatically expanding its largest artificial intelligence infrastructure project, increasing the planned investment in its Hyperion data center in rural Louisiana to more than $50 billion.

International Business Times

Forget Interest Rates: Bank Earnings Could Reveal the Next Catalyst for Financial ETFs

For the past two years, investors have largely viewed bank stocks and financial ETFs through the lens of interest rates. But as second-quarter earnings begin, that narrative is changing. Strong trading revenue, a rebound in investment banking, record IPO activity and improving commercial lending are emerging as the sector’s primary…

Benzinga

AI Is Reshaping The Job Market. Most Workers Now Want A Share Of The Wealth.

A new national survey has found broad support for a public AI wealth fund as concerns over automation and tech layoffs continue to grow across the United States.

International Business Times

Tech Executives Say AI Demand Remains Strong as Businesses Shift. 'Tokenmaxxing' Has Given Way To 'Valuemaxxing'

Leaders in the AI industry argue that investors are becoming more strategic about where they deploy AI and how they measure its return on investment after recent volatility in semiconductor stocks.

International Business Times

The Stock Market Keeps Climbing. But the U.S. Economy is Moving at a Slower Pace

The U.S. stock market is thriving with record accomplishments. At the same time, the economy appears to be slowing down.

International Business Times

Major Tech Companies Are Betting on Agentic AI. Kraken is Rebuilding Its App Around It.

Kraken is the latest tech company to place its bets on agentic artificial intelligence. The cryptocurrency exchange company announced that it plans to restructure its entire flagship app around agentic AI.

International Business Times

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International Business Times

Trump Released His 2025 Financial Disclosure. Now Democrats Want An Investigation Into His Crypto Holdings

A group of five senior Senate Democrats is renewing the push for congressional hearings into President Donald Trump's cryptocurrency business interests.

International Business Times

TSMC's AI Boom Keeps Breaking Records. Chip Demand Shows Little Sign Of Slowing.

TSMC's latest revenue figures add to evidence that investment in AI infrastructure continues to drive growth across the global semiconductor industry.

International Business Times UK

Trillion-Dollar Panic? Elon Musk Abruptly Halts Live TV Appearance as Fresh SpaceX Concerns Mount

Elon Musk abruptly postponed a live CNBC interview just before airtime, ducking questions on SpaceX's market debut, Tesla and his Grok AI model as investors hunted for clues.

International Business Times

Airfares Up 20%: Delta CEO Says This Summer's Flight Prices Won't Fall

Airfare prices 2026 remain elevated after Delta Air Lines CEO Ed Bastian told CNBC on July 10 that the roughly 20% jump in domestic ticket prices is "sustainable," citing strong demand and four carriers controlling 73% of U.S. traffic — even as jet fuel costs are projected to fall 20%…

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The Independent UK

America’s top ten cheapest states for 2026 where you can beat inflation

To beat inflation, consider moving to states like Ohio, the Dakotas, or West Virginia

Motor1

Ford's CEO Still Isn't Satisfied With Brand Quality

The automaker has issued 56 recalls for 12.1 million vehicle so far this year while topping JD Power's Initial Quality Study.

Benzinga

Apple Accuses OpenAI of Using Job Interviews to Extract its Hardware Secrets in New Lawsuit (UPDATED)

Editor’s Note: This story has been updated with industry reaction, additional details and a statement from OpenAI.

International Business Times

Trump Appointed Kevin Warsh as the Federal Reserve Chairman. Now He's Assembling an AI Taskforce

Federal Reserve Chairman Kevin Warsh has assembled a new artificial intelligence task force whose members believe that AI has the potential to reshape the U.S. economy in ways that could benefit government and industry.

The Guardian - US

Delta says higher airfares expected to last despite drop in oil prices

Company reports $1.4bn profit despite its highest quarterly fuel expense in history

Benzinga

Trump Accounts May Boost Kids' Savings— but Experts Say it Could Cost Families Thousands in College Aid

President Donald Trump’s newly launched Trump Accounts could affect a student’s eligibility for need-based college financial aid, although the U.S. Department of Education has not yet issued official guidance on how the accounts should be reported on the Free Application for Federal Student Aid, or FAFSA, according to a CNBC…

International Business Times

AI Companies Are Spending Millions To Shape Elections. Now The Biggest Fight Is Over Who Writes The Rules For AI.

Washington is facing growing pressure to establish nationwide AI rules amid rising concerns over national security, misinformation, and the technology's rapid adoption.

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