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The Latest Breaking News from CNBC

GM Won't Hit 1 Million EV Target in 2025: 'Market Not Developing'

GM CEO Mary Barra announced that the company won't hit its production capacity goal by 2025, but she remains optimistic that EV market share will continue to grow.

InsideEVs

Amazon sellers lament losing key spot on website ahead of Prime Day after competitor’s deal on their products

Retailers looking to boost sales with discounts during Target’s promotional Circle Week found that the deals inadvertently caused them to lose Amazon’s coveted ‘buy box’

The Independent UK

Charles Barkley Calls Out ‘Greedy’ Players, Owners for Not Thinking of Fans

Barkley laments increasing cost to watch games for the regular fan.

Sports Illustrated

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Samsung’s bringing back Bixby with new AI superpowers

Bixby hasn't retired: Samsung's personal digital assistant will be back with an AI bang

Delta CEO says the Olympics is turning tourists off Paris

The Atlanta-based carrier has especially felt tourist’s aversion to the major sporting event because it services more American travel to France than any other US airline.

Fortune

Delta says it will lose $100 million as tourists skip Paris because of the Olympics

This year’s Summer Olympics in Paris runs from July 26 through August 11 with 15 millions visitors expected

The Independent UK

Samsung confirms a massive Gen AI overhaul for Bixby is inbound

Samsung's TM Roh confirmed that a massive Gen AI update will hit Bixby in 2024.

Android Central

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Costco is raising its membership fee for the first time in years - but the hot dog price remains

This is the first membership price hike that Costco has announced in seven years

The Independent UK

IRS goes after rich tax cheats, nets $1B

The Biden administration’s $60 billion in additional IRS funding has reinvigorated the agency’s enforcement effort

Salon

Samsung is bringing AI to Bixby this year

Samsung's Bixby assistant could soon get much smarter, as the company plans to infuse it with AI.

TechRadar

Nvidians Say CEO Jensen Huang Is 'Demanding' And 'Not Easy To Work For', He Says 'That's The Way It Should Be'

Nvidia CEO's demanding style fuels success, but experts say it could be more empathetic for long-term wins.

International Business Times UK

Worried Dems want help from Taylor Swift

Two prominent Democrats pitched an accelerated primary including candidate forums hosted by celebrities

Salon

TikTok Exec Reveals Why She Regrets Buying a New Tesla Despite Her $400,000 Salary

Sora Lee increased her income by ten times in just over a decade. Still, payments on debts and lack of control over discretionary expenses are becoming a drag on her monthly budget.

International Business Times UK

One of the most accurate recession indicators is close to sounding the alarm as unemployment continues to rise

While the current jobless rate is still historically low, its rate of increase could be a sign of deteriorating economic conditions.

Fortune

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Fortune

Delta’s ‘spoiled’ food snafu during record air travel meant scores of flights shifted to pasta-only meals

“We did adjust meal service on a few dozen flights as we worked with catering on reviewing quality assurance of meals. Today, we are ramping up to our normal everyday service."

The Guardian - UK

First Thing: Labour win landslide UK election victory

Conservative party records its worst general election performance ever. Plus, Democratic backers pause donations

The Guardian - AU

Powerful Democratic backers to pause donations until Joe Biden steps aside

Abigail Disney says choice to suspend donations is based on ‘realism, not disrespect’, and suggests Kamala Harris as an alternative

The Independent UK

Disney heiress vows to stop Democratic donations until Biden stands aside

Abigail Disney, a long-standing donor to the Democrats, warned that the GOP would win in November if a change of leadership was not made

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Barchart

Should You Buy the Dip in This AI-Driven Drug Stock?

Down 76% from all-time highs, is this AI-powered drug stock a good buy right now?

PC Gamer

The internet is not a free-for-all—we shouldn't let big tech companies wish copyright out of existence

Is everything on the internet fair game for AI? Nope, and it never has been.

Fortune

We’re passing through ‘the worst housing affordability crisis’ ever seen, former Housing Secretary says

Home prices rose at levels never seen before, and while the market is cooling down, housing costs are still beyond what people can afford, the Obama-era cabinet member said.

TV Tech

NBC to Air Record Amount of Live Paris Olympics Coverage

NBC and Peacock to Lead NBCU’s coverage of the XXXIII Olympiad from Paris, France

InsideEVs

Ford CEO: If We Don't Make Profitable EVs, 'We Will Shrink'

Ford's CEO also says Americans must “get back in love” with small cars. Can they?

Tom’s Hardware

Bitcoin Mt. Gox creditors will soon benefit from $9 billion payback — their BTC is over 10,000% more valuable than when it went missing

Mt. Gox begins paying back users, ten years after it began collapsing in February 2014.

International Business Times

Walgreens To Close Underperforming Stores Amid Financial Challenges, Reports Say

CEO Tim Wentworth discussed the decision in interviews with CNBC and the Wall Street Journal, attributing it to challenges like weaker consumer spending forecasts.

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