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The Latest Breaking News from CNBC

Oil Tanker Traffic Through Strait Of Hormuz Climbs After US-Iran Deal Reopens Key Shipping Route

Iranian oil tankers that went dark during the conflict have resumed transmitting their locations as crude exports begin moving again.

International Business Times

Trump Says He Has To Keep Netanyahu 'A Little Bit Sane' As Tensions Surface Over Lebanon Fighting

The remarks came weeks after Trump acknowledged calling Benjamin Netanyahu "crazy" during a heated conversation over Israeli operations in Lebanon.

International Business Times

US Stock Market: Accenture’s AI transformation faces investor skepticism as stock plunges; CEO Julie Sweet remains confident

Accenture's shares plunged nearly 20% after its fiscal third-quarter results revealed weaker-than-expected bookings and a softer outlook. CEO Julie Sweet insists the current phase reflects a multi-year AI-driven transformation, not structural weakness, as clients move from AI pilots to large-scale deployment.

The Economic Times

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'Godfather of AI' Says xAI Can't Compete with OpenAI and Anthropic, Calls It a 'Failure'

Yann LeCun criticises Elon Musk's xAI as a 'failure' unable to compete with OpenAI or Anthropic, and warns of a looming AI industry 'bubble explosion'.

International Business Times UK

Amazon Says Commercially Useful Quantum Computers Are Moving Closer To Becoming a Reality

Amazon has now offered its clearest public timeline yet on when quantum technology could begin delivering practical business applications.

International Business Times

OPEC Chief Rejects IEA's Oil Glut Warning as Strait of Hormuz Reopens

OPEC Secretary General Haitham Al Ghais has pushed back against forecasts from the International Energy Agency (IEA) that the global oil market is headed toward a major supply glut.

International Business Times

Michael Burry Skips SpaceX Short Bet Over Expensive Options Pricing

Michael Burry passed on betting against SpaceX stock, citing pricey options. Here is what the "Big Short" investor said about the company's near-$3 trillion valuation.

Barchart

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Silicon Valley chiefs discuss gigawatts & guardrails at G7

Here’s everything you need to know about what was discussed at Wednesday’s working lunch among tech executives and global leaders.

The Economic Times

Stocks Drop After Fed Officials Anticipate Potential Rate Hike This Year

Stocks tumbled on Wednesday as Federal Reserve policymakers said they expect to hike interest rates once this year.

International Business Times

‘AI is going to create a labor shortage’: Jeff Bezos sees more jobs being created in the new economy, not less

The Amazon founder bets AI will create a labor shortage, not a doomsday, as he debuts Prometheus, his $41 billion startup reengineering the physical world.

Fortune

SpaceX's $60 Billion Cursor Deal Comes With a Twist: It Didn't Spend a Dollar in Cash

Elon Musk's SpaceX acquires AI coding startup Cursor for £44.7 billion in an all-stock deal, riding its post-IPO share surge. This move boosts SpaceX's AI capabilities and market position.

International Business Times UK

SpaceX just surpassed Amazon’s market cap, overtaking the 31-year-old company on day three of public trading

Elon Musk has made more money today than Warren Buffett has made in his entire career.

Fortune

Qualcomm CEO Says AI Agents Will Replace Apps As The Next Computing Platform

Qualcomm is developing more than 40 artificial intelligence-powered device designs spanning multiple wearable categories, according to CEO Cristiano Amon.

International Business Times

Parenting expert who studied more than 200 children says this is the No. 1 skill parents just forget to teach kids now

Parenting expert Reem Raouda says emotional safety is one of the most important yet often overlooked factors in a child's development. According to her, children thrive when they feel safe expressing their thoughts, feelings and needs without fear of judgment, helping them grow into more confident, resilient and emotionally healthy…

The Economic Times

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Fortune

Meet Gwynne Shotwell, the engineer-turned-COO who runs SpaceX in platform heels and is now worth over $2 billion

“I need more data than Elon does to make a decision,” Gwynne Shotwell once said.

International Business Times UK

The $700 Billion Jump: How Donald Trump's Election Propelled Elon Musk to Trillionaire Status

Elon Musk's net worth surpassed 11 trillion after SpaceX's Nasdaq debut, sparking political debate on wealth inequality led by Bernie Sanders and other politicians.

International Business Times

UAE Says No Deal To Unlock Billions To Iran Amid Talks To End War

The UAE's denial came after a slew of reports alleging the government has agreed to release up to $20 billion in frozen assets to Iran, CNBC reported.

International Business Times

Labor Shortages Are a Problem That Is Coming For Society And AI Can Help, Honeywell CEO Claims

Honeywell CEO Vimal Kapur said customers are increasingly using AI-powered automation to address workforce shortages and improve operations across critical industries.

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news in one place.

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Fortune

On the day of a historic IPO, SpaceX’s president is already hinting at a Tesla merger: ‘That might make Elon Musk’s life a little easier’

A combined SpaceX-Tesla could be worth more than $3 trillion.

Barchart

Leaving Las Vegas: How to Beat the House as the Stock Market Turns Into a Casino

Here’s a 30,000-foot view on practical ways to protect your investing capital and gain a real edge over the house in a stock market designed to keep you glued to the slots instead of growing your wealth.

International Business Times UK

Iran Threatens Attack on Elon Musk's Firms, Including Starlink and SpaceX, Flagging Them As 'Military Targets'

Iran has threatened Elon Musk's companies, including SpaceX and Starlink, amid escalating tensions with the US, accusing them of aiding US military operations in the Middle East.

Barchart

Iran Labels Elon Musk’s Space Assets as Targets with SpaceX IPO Underway

Iran's threats against Starlink and SpaceX assets arrive just as the rocket company prepares for the biggest IPO in Wall Street history.

We Got This Covered

Cost of surviving in U.S. is reportedly spiraling, but Donald Trump has his reasons for ‘loving’ the inflation

Republicans have been accused of actively making the inflation worse.

TechRadar

'I think these people are just wrong': Amazon founder Jeff Bezos says he believes AI will bring in “multiple golden ages”, and actually create new jobs to replace those lost to the tech

Jeff Bezos again slams those who think AI will be the end of us all.

International Business Times

Market Sees $1.75 Trillion SpaceX IPO as 'Referendum' on Elon Musk's Leadership: Report

Analysts and executives are reportedly describing the SpaceX IPO as a "referendum" on Elon Musk, with capital markets evaluating both the company's potential and the degree of faith placed in the entrepreneur driving it.

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