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The Latest Breaking News from CNBC

U.S. Becomes India's Top LNG, LPG Supplier As Gulf Shipments Fall Amid Iran War

The United States supplied more LNG and LPG to India than Gulf exporters in May as shipping disruptions resulting from wars continue disrupting energy trade flows.

International Business Times

After Cutting 8,000 Jobs, Meta Builds First AI Data Centre In India With Ambani's Reliance

Meta's partnership with Reliance Industries is transforming India's AI scene with a 168 MW data centre in Jamnagar. Discover Meta's $145B AI investment and its global impact.

International Business Times UK

World Cup Travel Costs Soar As Fans Spend Thousands On Flights, Hotels And Match-Day Travel

The expanded 2026 FIFA World Cup across the United States, Canada and Mexico is creating complex and costly travel plans for many supporters.

International Business Times

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New Survey Reveals Most Workers Expect AI to Eliminate Jobs, Not Create Them

As AI adoption grows, employees express concerns over job security and potential layoffs, fearing companies may use AI to cut costs by reducing workforce numbers.

International Business Times UK

Gold's Slide May Not Be Over as Traders Bet on Two More Years of Weakness

The stunning reversal of gold from record highs is accelerating, and options traders are increasingly wagering that the selloff may continue for years rather than months.

International Business Times

Trump's 'Secret Mission' Claim of 200 Ships and 100 Million Barrels Faces Awkward Maths From His Own Officials

Trump says a secret US mission moved 100 million barrels and 200 ships through Hormuz. Officials count about 70 vessels, and the gap could shape pump prices.

International Business Times UK

Trump Family Reportedly Earned Hundreds Of Millions From Crypto Deal As Partner Firm's Stock Tumbles

Questions are being raised about a $1.5 billion crypto transaction that generated significant proceeds for World Liberty Financial while investors in a partner company absorbed steep losses.

International Business Times

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Tech Stocks Are Losing The Traits That Powered The Market Rally, Analyst Warns

Growing capital demands across the AI sector are prompting some of the industry's biggest companies to seek new funding as investors weigh an expanding pipeline of stock offerings.

International Business Times

Palantir CEO Says Businesses Are 'Unhappy' With Frontier AI Labs

Palantir CEO Alex Karp says a growing number of businesses are becoming increasingly dissatisfied with the world's leading artificial intelligence developers.

International Business Times

Chinese Hackers Are Intensifying AI-Focused Attacks On US Tech Firms, Report Warns

Technology companies in the United States faced an increasing wave of cyber espionage attempts linked to China over the past year, according to a new report.

International Business Times

OpenAI and Nvidia CEOs didn’t flinch at Trump’s $100,000 H-1B visa fee, and now they’re paying up as their application numbers soar

While frontier AI companies boost their number of foreign workers, other tech giants with much larger workforces are cutting back.

Fortune

Tech Rally Still Has Momentum Despite Chip Stock Pullback, Analysts Say

Recent turbulence in semiconductor stocks has done little to shake confidence in the broader technology trade that has driven markets higher over the past two years.

International Business Times

Bitcoin Sell-Off Drives Heavy Options Trading In Coinbase, Strategy As Crypto Stocks Stay Under Pressure

Crypto-linked equities remained active despite bitcoin's steep decline, with large options trades highlighting sharply different positions in two of the sector's biggest stocks.

International Business Times

Trump family ‘made $500 million from crypto coin deal’ — before the bottom fell out on individual investors

AI Financial Corp. , formerly Alt5 Sigma, says it may go under following transactions with Trump-tied World Liberty Financial

The Independent UK

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International Business Times

Perplexity Sticks To 2028 IPO Timeline As OpenAI, Anthropic Take Steps To Public Markets

Perplexity plans to go public in 2028 and is not altering that timeline based on the market reception of upcoming listings from rival artificial intelligence companies.

Golf Monthly

Scott O’Neil Provides Update On LIV Golf Future Amid Funding Uncertainty

The LIV Golf CEO has addressed concerns that the Saudi Public Investment Fund may not provide backing for the rest of the season

International Business Times UK

Mexican Immigrant Earned $28 an Hour at SpaceX — The IPO Could Make Him a Millionaire

SpaceX's historic $75 billion IPO on Nasdaq could transform the lives of its employees and propel Elon Musk towards becoming the world's first trillionaire.

International Business Times UK

Anthropic and OpenAI Face a Six-Month Test — Perplexity CEO Says 'Then It's a Problem for Them'

Perplexity AI's CEO highlights the urgency for Anthropic and OpenAI to innovate in AI technology to maintain their £1.35 trillion valuations as they prepare for significant IPOs.

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International Business Times UK

Elon Musk Could Become the World's First Trillionaire — But Just How Big is $1 Trillion, Really?

Elon Musk's net worth could top $1 trillion (£793bn) when SpaceX lists on 12 June. Putting that sum in context reveals just how incomprehensible it is.

International Business Times UK

Voters Are Furious About AI Data Centres Pushing Up Their Electricity Bills, Here's Why Politicians Won't Touch It

Rising electricity costs due to AI data centres are becoming a major issue in American politics, impacting the 2026 midterms as both parties grapple with voter concerns and industry influence.

Barchart

Tesla Sales in China Are Popping, But That Means Nothing If You Can’t Stomach TSLA Stock’s Absurd P/E Ratio

Tesla China sales jumped almost 40% in May as its FSD software rolled out globally. Here's why TSLA stock still belongs on your watch list now.

International Business Times UK

Sen. Chris Murphy Torches Trump's Iran Deal, Calls Conflict the 'Most Incompetent War in Modern US History'

US Senator Chris Murphy criticises President Trump's draft deal to end the Iranian conflict, questioning its effectiveness and impact on America's global standing. Discover the implications for the Strait of Hormuz and the international response.

International Business Times

Hedge Funds Ride Oil Volatility To Double-Digit Gains As Iran War Reshapes Commodity Markets

The surge in oil prices resulting from the war in Iran has delivered one of the most profitable trading environments in years for quantitative hedge funds.

International Business Times

Iran War And Strait Of Hormuz Disruption Set To Reshape Energy Security Debate In The Long Term

Energy executives, economists and market analysts say the war in Iran has exposed vulnerabilities in fossil fuel supply chains while accelerating discussion about domestically generated power sources.

The Economic Times

S&P 500 could end 9-week winning streak, Dow and Nasdaq fall - here are reasons why US stock market is down today June 5

S&P 500, Dow and Nasdaq down today: Wall Street ended the week in the red as a robust US jobs report fueled fears of prolonged high interest rates. Tech stocks, especially semiconductors, bore the brunt of the sell-off. Investors are now seeking refuge in defensive sectors, while global shipping and…

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