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The Latest Breaking News from CNBC

Big Tech's $3 Trillion AI Bet Faces A New Skeptic: Credit Markets

Credit markets are growing more cautious about the AI spending spree as $1.65 trillion in off-balance-sheet obligations raise concerns.

International Business Times

James Patten sentenced to 21 months in prison over $100 million New Jersey deli stock fraud

James Patten, the former stockbroker behind the infamous stock manipulation scheme that turned a small, money-losing New Jersey deli into a company valued at nearly $100 million, has been sentenced to 21 months in federal prison. Patten, 67, was sentenced on Tuesday by U.S. District Judge Christine O'Hearn in Camden,…

The Times of India

Samsung Is Building A New Robotics Business. The Company Sees Physical AI As Its Next Frontier.

Samsung Electronics has established a new robotics business unit as it expands beyond smartphones, memory chips, and consumer electronics in search of new growth areas.

International Business Times

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Nebius Shares Jump After Nvidia Disclosure. Investors Are Now Paying More Attention To The AI Cloud Company.

The Amsterdam-based firm has emerged as one of Europe's fastest-growing AI infrastructure providers, with its shares rising nearly 250% over the past year.

International Business Times

FIFA ends with two victories – one for Spain, and a potential $15 billion profit for the organization

This World Cup was an expansion test.

We Got This Covered

JPMorgan's Jamie Dimon Warns Newly Sworn-In PM Andy Burnham Over Economic Plans

Jamie Dimon warns Andy Burnham that Britain needs stronger economic growth, as soaring debt, bond-market pressure and competing spending demands threaten the new PM's ambitious plans.

International Business Times UK

Jim Cramer's 'Finsuicide' Warning Says Chinese AI Accessing US Data Is a Bigger Threat Than Investors Realize: 'I Do Not Think That It Is a Total Coincidence...'

CNBC commentator Jim Cramer recently expressed his skepticism towards Chinese tech companies and AI models, suggesting that they might be a serious threat to the U.S. market.

Benzinga

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Trump Administration Is Taking Ownership In Private Companies. The Strategy Has The Public Worried

Almost half of Americans believe that it's a bad idea for the U.S. government to take partial ownership of U.S.-based companies, according to a new poll.

International Business Times

'What if my father was a plumber?' Why Warren Buffett calls himself one of the world’s 10 luckiest people

Warren Buffett called himself one of the world’s luckiest people, crediting his early exposure to investing, natural aptitude and good health for his success. As he steps back from Berkshire Hathaway, the 95-year-old remains committed to donating more than 99% of his fortune to philanthropy.

The Economic Times

Warren Buffett, with a $147 billion net worth, says he may be 'one of the 10 luckiest people in the world'—reveals what worked in his favour

Warren Buffett credits luck and opportune circumstances for his extraordinary financial success. He believes being born in the United States provided him with significant advantages. Buffett is now changing his philanthropic approach, directing wealth to family foundations. He expects the vast majority of his fortune to be distributed by 2034.…

The Economic Times

TSMC Is Accelerating Its Arizona Factory Build-Out. Its CFO Says AI Is A 'Multi-Year Megatrend'

TSMC Chief Financial Officer Wendell Huang said TSMC sees no signs of slowing demand from customers investing in AI infrastructure, prompting them to ramp up production capacity in the United States.

International Business Times

Archer Aviation Just Unveiled A Military Aircraft With Anduril. Their Stock is Soaring More Than 20%

Archer Aviation shares surged more than 20% on Monday after the electric air taxi developer unveiled a new autonomous military aircraft developed with defense technology company Anduril.

International Business Times

Ryanair's Profits Just Fell By A Third Over Higher Fuel Prices And The Iran War. Its Stock Dropped

Ryanair warned that rising fuel costs and geopolitical uncertainty are putting additional pressure on weaker European carriers ahead of the winter season.

International Business Times

A 26-year-old quit her corporate drafting job in Chicago to become a seamstress at Yellowstone for $19.25 an hour, hoping it will lead to Broadway and film work

Zoe De La Paz, 26, left her corporate engineering job in Chicago to work as a seamstress at Yellowstone National Park, turning a high-school hobby into a full-time career. After gaining experience through backstage jobs at music venues, she now repairs uniforms at Yellowstone while working towards her long-term goal…

The Times of India

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International Business Times

The Largest World Cup In History Just Ended. It Is Set To Drive Historic Revenue For FIFA

FIFA is set to make more than $9 billion in revenue this year, largely boosted by the largest World Cup in history.

The Economic Times

'Stock market looking more like gambling:' Here's a Warren Buffett warning to investors

Warren Buffett has cautioned that parts of the stock market increasingly resemble gambling rather than investing, as retail traders, AI-driven optimism and speculative options activity fuel Wall Street's rally. The Berkshire Hathaway chairman urged investors to focus on long-term value instead of chasing quick gains amid rising market exuberance.

Benzinga

Housing Has Overtaken Inflation as Biggest Concern for Young Americans Ahead of 2026 Midterms, Survey Finds

Housing costs have become the top political issue for Americans ages 18 to 34 ahead of the 2026 midterm elections, according to CNBC’s latest All-America Economic Survey, highlighting how affordability is emerging as a key issue for younger voters.

The Economic Times

Warren Buffett admits to a rare mistake with these 2 big tech stock bets

Warren Buffett admits he bought Alphabet too late and sold Apple too soon, even as Apple remains Berkshire's largest holding at nearly 22% of its portfolio. The 95-year-old also warns that today's market favours gambling over value investing.

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Fortune

Warren Buffett says his $147 billion investing career was an accident: ‘I may be one of the 10 luckiest in the world’

The billionaire says luck, not just skill, has been a defining force behind his investing career.

International Business Times

Iraq And Syria Have Signed A Deal To Restore A Major Oil Pipeline. It Would Create An Alternative To The Strait Of Hormuz.

The proposed project would restore the pipeline connecting the oil-rich city of Kirkuk in northern Iraq with Syria's Mediterranean coast.

International Business Times

The Great Wealth Transfer Has Been Pegged at $105 Trillion. One Study Says That's an Overestimation

A new report estimates that $36 trillion in baby boomer wealth will be transferred to Generation X and millennials over the next 20 years.

International Business Times

BP And ConocoPhillips Are Pouring Billions Into Iraq. The Bigger Goal Is Reducing Iran's Energy Influence.

ConocoPhillips has agreed to acquire a 42% stake in BP Energy Company of Kirkuk Limited, expanding its footprint in northern Iraq at a time when the United States and Iraq are working to strengthen energy ties and reduce the region's dependence on routes vulnerable to disruption.

The Independent UK

America’s MAGA turnoff: Majority of Americans say they are less likely to vote for candidate pushing Trump agenda

Only 40 percent of Americans approve of Trump’s performance as president, according to CNBC

International Business Times

SpaceX's Stock Has Fallen Below Its IPO Price. Now It Has 'Dampened the Mood' For Other IPOs

Shares of Elon Musk's rocket and satellite company traded near $126 on Friday, about 7% below their $135 IPO price and more than 40% below their all-time intraday high of $225.64.

We Got This Covered

Texas woman logs into federal student aid account and sees her monthly payment about to increase by over 1,000%: ‘I don’t know what any of this means’

"I’m in the same boat and I’m so confused!

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