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The Latest Breaking News from CNBC

US Petrol Prices Hit Four-Year High? Reports Claim Gridlock Over Reopening of Strait of Hormuz Sent Cost to $4.18 a Gallon

US petrol prices have surged to a four-year high due to geopolitical tensions over the Strait of Hormuz, affecting global oil supply and consumer costs.

International Business Times UK

Chicago Man Turned $2,300 Side Hustle Into $2M Business Mailing 'History' — Then Landed Shark Tank Deal

Ari Siegel's History By Mail, a subscription service for historical document replicas, secured a Shark Tank deal after reaching $2 million in revenue. The company plans further expansion.

International Business Times UK

Baker Hughes CFO Warns Strait of Hormuz May Not Fully Reopen Until Late 2026

Baker Hughes CFO Ahmed Moghal told investors on the company's first-quarter earnings call that Baker Hughes' financial guidance assumes the conflict continues through the end of June.

International Business Times

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‘Capitalism works because the losers die’: Kevin O’Leary says it’s a ‘really bad idea’ for the federal government to bail out Spirit Airlines

The “Shark Tank” star and multimillionaire investor says the Trump administration’s reported $500 million rescue plan props up “bad management” and undermines the free market.

Fortune

Anthropic explains Claude Code’s recent performance decline after weeks of user backlash

Claude Code turned Anthropic into developers’ most trusted AI platform. A month of degraded performance is now threatening the goodwill that fueled its $30 billion revenue run.

Fortune

President Donald Trump's Disapproval Reaches Highest Level Of Second Term, NYT Polling Average Shows

President Donald Trump's disapproval levels have reached the highest level of his second term, according to a new polling average.

International Business Times

She Spent $680 On A Camcorder To Start A 'Nostalgic' Wedding Video Business — Now It's A $1.7M Success

Anne Marie Carroll's Wedding Weekender has logged 2,000 orders and $1.7M in sales renting camcorders to couples as a cheaper alternative to videographers.

International Business Times UK

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Bank Of England Warns Of Looming Global Stock Market Correction Despite Wartime Rally

Markets are hitting record highs even as war and financial system vulnerabilities raise concerns about a sudden reversal.

International Business Times

Economists Raise Estimates For U.S. Inflation And Reduce Expected Interest Rate Cuts

Economists have raised their estimates for U.S. inflation and reduced expectations for interest rate cuts, according to a new survey.

International Business Times

Social Security Scams Are Surging — 4 Ways To Protect Yourself in 2026

Here's what to look out for and ways to protect yourself against these scams.

GOBankingRates

Overview Of Meta Layoffs And Job Cuts: How Bad It Is Now Especially For Women As Company To Slash 10% Of Workforce In Favour Of AI

Meta plans to cut 8,000 jobs, about 10% of its workforce, to offset AI-related costs. The restructuring affects roles in recruitment and operations, with a focus on AI engineering.

International Business Times UK

American Airlines CEO calls United merger a ‘nonstarter’: ‘No way to view that as anything but anticompetitive’

American Airlines CEO Robert Isom says a United merger would be bad for the airline.

Fortune

Trump's Economic Approval Hits Lowest Point of Both Terms: New Poll Finds

According to CNBC's latest All-America Economic Survey, 40% of Americans approve of Trump's overall job performance, while 58% disapprove.

International Business Times

Meta slashes 8,000 jobs, or 10% of its workforce, as Microsoft offers buyouts

In the latest round of tech industry job cuts, Meta is laying off about 8,000 workers and Microsoft is offering buyouts to a similar number

The Independent UK

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International Business Times

American Airlines Swings To Loss In Q1 As Costs Rise And Demand Softens

American Airlines reported a first-quarter loss and withdrew its full-year financial guidance, as rising costs and uneven travel demand weighed on performance during the early months of 2026.

International Business Times

Iran's Economy Buckles As Currency Slides And Oil Risks Escalate Amid Conflict

Mounting geopolitical tensions are amplifying Iran's economic instability, with ripple effects expected across global energy markets.

International Business Times UK

How Bill Ackman Turned $27M Into $2.5B In 10 Days During COVID-19 Pandemic

Bill Ackman made a historic $2.5 billion by purchasing credit default swaps during the COVID-19 pandemic, showcasing his market foresight.

Windows Central

Microsoft explored buying Cursor before SpaceX lined up a $60 billion deal

Microsoft explored buying Cursor before SpaceX secured a deal that gives it the rights to acquire the AI startup for $60 billion or pursue a $10 billion partnership.

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news in one place.

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Fortune

The Gates Foundation is investigating its ties to Epstein—just weeks before Bill Gates faces Congress

After Fortune’s March investigation, the Microsoft founder’s philanthropic foundation is opening one of its own.

The Independent UK

United Airlines may raise fares by 20% as airlines struggle with fuel price surge amid Iran war

The CEO of United Airlines said fuel prices have been rising ‘faster than I can ever remember in my career’ in a recent inteview

International Business Times

Crypto Power Clash Erupts As Billionaire Investor Takes Trump-Linked Digital Asset Firm To Court

Court documents indicate that the billionaire is challenging aspects of how the firm has positioned its digital asset offerings, alleging that certain representations may have influenced investor expectations and market behavior.

The Independent UK

Trump heaps praise on companies that don’t seek tariff refund

President said he was ‘not happy’ with the U.S. Supreme Court

International Business Times

JPMorgan Says Renewed AI Boost Will Send U.S. Stocks Even Higher

JPMorgan said in a new report that U.S. stocks could continue climbing as a result of a renewed AI boost.

The Times of India

Vance trip to Pak put on hold after Tehran snubs US terms

With the two-week ceasefire coming to an end Wednesday, hopes of an end to the US-Iran war seemed elusive amid reports citing an American official saying that vice-president JD Vance’s trip to Islamabad for a second round of talks had been put on hold after Tehran failed to respond to…

International Business Times

Citi Says Oil Prices Could Surge to $130 A Barrel if Strait of Hormuz Remains Closed

Citi analysts warned of how quickly the oil market could tighten if the Strait of Hormuz does not fully reopen soon, noting that crude could climb as high as $130 a barrel.

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