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The Latest Breaking News from CNBC

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

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."

Fortune

First Thing: Labour win landslide UK election victory

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

The Guardian - UK

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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 Guardian - AU

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

The Independent UK

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?

Barchart

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.

PC Gamer

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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.

Fortune

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

TV Tech

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?

InsideEVs

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.

Tom’s Hardware

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.

International Business Times

Levi Strauss Stock Spirals on Revenue Miss: What to Know

Levi Strauss stock is lower Thursday after the denim company's top line missed estimates amid a "cautious" consumer environment.

Kiplinger

Paramount+ is set to increase prices... again

Paramount is the latest service to hike prices as the streaming wars continue to rage among networks

The Independent UK

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Fortune

Millennials’ fast-fashion favorite Forever 21 can’t keep up with e-commerce giant Shein’s meteoric rise

Shein acquired one-third of Forever 21’s parent company in 2023, but retail experts say the relationship is no longer beneficial to the Chinese e-commerce giant.

Tom’s Hardware

Nvidia who? Green team branding flies under the public radar — triple trillion dollar firm fails to enter the top 100 Interbrand survey

Nvidia didn't make the list of the top 100 most recognizable brands in the world.

Laptop

Apple can't catch a break from the EU: Competition chief says issues are "very serious"

European Union Comissioner for Competition, Margrethe Vestager, told CNBC in an interview on Tuesday that the organization has a "number of Apple issues," and she "finds them very serious."

International Business Times UK

How Calculating How Many Big Macs He Can Buy With His Hourly Earnings Helped This Man Get $11K Weekly In Passive Income

Frustrated by commutes, man turns side hustles into $1,600/day income with a gamified approach and diversification

Get all your
news in one place.

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International Business Times UK

PM Modi Wants India To Be A Developed Country By 2047; Analysts Reveal 4 Things He Should Focus On To Be Successful

India's new coalition government aims to boost infrastructure and manufacturing, combat unemployment, and attract foreign investments amidst economic challenges.

The Independent UK

‘Venture capitalist’ offered to buy Virgin Orbit for $200m. He had ‘less than a buck’ to his name, SEC says

Matthew Brown’s ‘bogus offer’ to buy Virgin Orbit caused the company’s stock to jump in 2023

Fortune

Raising Cane's managers now make $175,000 as new laws and shortages push fast-food salaries to six figures

Post-pandemic retention issues and California’s mandatory pay law means that the infamously underpaying sector is finally paying up, coughing up six figures in some cases.

Fortune

What Warren Buffett’s 9-day buying tear of oil stock Occidental says about Berkshire Hathaway’s bigger strategy

Berkshire Hathaway has a long relationship with the oil and gas giant Occidental.

The Independent UK

Out of juice: Prices of OJ are reaching all-time highs as climate-fueled extreme weather devastates industry

The crisis comes amid a string of extreme weather events in Brazil and Florida

The Independent UK

Feds finally track down CNBC pundit-turned-fugitive after three years on the run

James McDonald faces up to 75 years in prison

The Independent UK

McOver! McDonald’s ends its AI program for drive-throughs but says it could return in future

Restaurant managers allegedly found the IBM-built technology too expensive and inaccurate to adequately replace human workers

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