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The Latest Breaking News from CNBC

Fed Under Pressure To Cut Rates As Market Turmoil Continues

The ongoing global stock sell-off has fueled calls for the US Federal Reserve to lower interest rates swiftly and decisively, with some analysts now calling for it to make an emergency cut before its September rate decision.

International Business Times

Elon Musk PAC under investigation

Musk, who endorsed Trump, founded a PAC that is collecting voter data under the guise of registering them to vote

Salon

Deep Bagchee Joins CNBC As International President

Exec was chief product officer at ITV

Multichannel News

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Elon Musk PAC Under Investigation For Potential Violation Of Michigan Laws

A super PAC that Elon Musk said he "created" is now being investigated by Michigan over the PAC website's user information collection process that varies depending on a voter's residence.

International Business Times

Delta Airlines CEO slams Microsoft and CrowdStrike over global meltdown — “When was the last time you heard of a big outage at Apple?”

In an interview with CNBC, Delta Airlines CEO Ed Bastian questions when Apple last had an outage on the scale of CrowdStrike and Microsoft.

iMore

Microsoft employees are set for a tasty bonus following record profits

Token gesture following an excellent performing quarter shows a company on the back foot following its latest round of layoffs in June.

TechRadar

Delta CEO says airline is facing $500 million in costs from global tech outage last week

Delta CEO Ed Bastian says the airline is facing $500 million in costs for the global technology breakdown last week

The Independent UK

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Major phone companies could face lawsuits over sharing of stolen nude images

Lawyers say a recent court decision in Washington state could help customers hold carriers such as AT&T and T-Mobile responsible for phone store employees who capture their private data

The Independent UK

Billionaire CEO Jay Chaudhry made his employees into millionaires after selling his startup—'people were going crazy'

Now the CEO of Zscaler, Jay Chaudhry speaks of how his staff walked away with equity.

Fortune

Jim Cramer Names Six Companies That May Enter the Trillion-Dollar Stock Club

In a recent episode of CNBC's Mad Money show, Jim Cramer named companies like Eli Lilly, Tesla, JPMorgan, and Walmart that could reach a $1 trillion market valuation.

International Business Times UK

China Is Paying People Extra To Dump Their Gas Cars

To mitigate a long-running retail slump, China is making it even better to buy a "new energy vehicle."

InsideEVs

Ex-Marvel boss sells entire stake in Disney after losing board fight

Perlmutter was laid off in 2023 despite remaining Marvel CEO during Disney takeover

The Independent UK

Warner Bros. Discovery reportedly sues the NBA after 40-year partnership

CNBC says media giant will take the league to court.

Fortune

The 6 top VP picks for Kamala Harris, ranked from most to least business-friendly

The shortlist of strong contenders for Kamala Harris' vice presidential pick range from a former astronaut to a billionaire.

Fortune

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International Business Times

Democratic Senators Raise Concerns Over T-Mobile's $4.4B US Cellular Deal

The senators think the consolidation of T-Mobile and US Cellular would have "far-reaching effects," reducing choices for consumers and potentially leading to higher prices.

International Business Times

Delta Cancels More Flights As Fallout From Global IT Outage Continues

The airline cancelled 700 flights Monday, which comprise 19% of its mainline operation.

International Business Times

Experts Say Trump In For Bigger Fight With Kamala Harris Slated To Replace Biden

Experts say that Donald Trump will be in a bigger fight in the event that Kamala Harris is nominated in August.

The Independent UK

Planning a vacation? Here’s all the places that the locals don’t want you

If you’re getting ready to plan a trip, here are seven destinations to reconsider visiting as locals say they’re facing the consequences of overtourism, Katie Hawkinson reports

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The National (Scotland)

David Pratt: Democrats face 'Hunger Games' type battle to choose new leader

BY the time this article goes to press, US president Joe Biden might well have stepped down from his re-election bid. While for now Biden remains…

Fortune

CrowdStrike shares plummet after bug causes worldwide IT outage

Wedbush senior equity analyst Dan Ives called the outage a “black-eye moment” for CrowdStrike, which serves hundreds of Fortune 500 companies.

International Business Times

Demand For Mortgage Refinance Hits Two-Month High As Rates Drop

The Mortgage Bankers Association compared the demand for refinancing between the previous week and last week, showing an increase of 15% in the latter.

Fortune

A San Francisco politician has a plan to flip its 'ghost town' status—and it involves four days a week in the office

The Golden Gate city can’t get back on its feet if its most valuable earners keep logging on from home, mayoral candidate Mark Farrell says.

International Business Times

TSMC Shares Dip After Trump Declares Taiwan Should Pay US For Defense

TSMC is now recognized as the largest and most advanced chipmaker in the world. It manufactures essential chips for Apple and Nvidia.

InsideEVs

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.

The Independent UK

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’

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