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The Latest Breaking News from CNBC

Trump-Linked Startup Plans to Put Humanoid Robots on Future Battlefields

Foundation Future Industries, a San Francisco-based robotics company, is developing human-shaped robots designed for industrial work and military operations.

International Business Times

Berkshire Hathaway CEO signals strategy shift from Warren Buffett legacy with new deal

Berkshire Hathaway’s new chief executive, Greg Abel, has signaled a potential departure from Warren Buffett’s long-held hands-off operating model, following the announcement of a $6.8 billion acquisition of homebuilder Taylor Morrison.

The Independent UK

New Berkshire Hathaway CEO Greg Abel makes first deal since taking over from Warren Buffett

Berkshire Hathaway's new CEO Greg Abel hinted that he may depart from Warren Buffett's longtime hands-off operating model at the conglomerate as he announced a $6.8 billion cash acquisition of homebuilder Taylor Morrison

AAP

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Nvidia, Meta And Walmart Top The List Of Companies Using AI The Most: Report

Companies across the S&P 500 are adopting artificial intelligence at sharply different rates, accordin to a new report.

International Business Times

U.S. Households Have Paid Nearly $450 More Since Iran War Began, Analysis Shows

Americans have paid nearly $450 more per household in fuel-related costs since the start of the U.S.-Iran war, a new analysis shows.

International Business Times

I'm a Retirement Psychologist: This Is the Identity Crisis That High Achievers Don't Plan For (and What to Do About It)

Shifting your identity from working and saving to spending and living can be tough, but here's why you need to do it for yourself and your family.

Kiplinger

Trump's National Security Meet On Iran Provides No Clarity On 'Final Determination'

There has been no announcement on a decision whether to approve a deal, or to pause the conflict in the Middle East, which has dragged on for three months now.

International Business Times

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Americans have paid an additional $59 billion in inflated fuel prices since Trump started his Iran war

The extra $450 spent by each US household has already eaten up this year’s $380 increase in the average tax refund

The Independent UK

Congress is looking to ban Chinese-made vehicles in US - but could take out Mercedes-Benz as well

Bill would ban automakers tied to U.S.-designated adversaries, including China, Russia and North Korea, from making, selling or importing vehicles into the U.S. for five years

The Independent UK

Nvidia Expands Photonics Push With Billions In New AI Infrastructure Investments

Nvidia has committed at least $6.5 billion in investments tied to photonics and optical networking companies since March, widening its effort to address one of the biggest infrastructure constraints facing the AI industry.

International Business Times

Why can't Trump add his name to the Kennedy Center or close it for renovations? Here's what Judge Christopher Cooper said

Kennedy Center ruling explained: A federal judge has blocked President Donald Trump from renaming the Kennedy Center to the Trump Kennedy Center. The judge ruled that only Congress has the authority to change the cultural institution's name. Plans to close the Kennedy Center for renovations were also temporarily halted.

The Economic Times

Traders Betting On a Quick Resolution Of The Iran War Could Be Badly Burned, Report Warns

Analysts say the conflict involving Iran and the United States has added a persistent risk premium to oil markets amid continued instability in the Middle East.

International Business Times

Dell lands $9.7 billion Pentagon deal months after Trump-linked donation

Dell has secured a significant $9.7 billion, five-year technology agreement with the US Department of War for military software and cloud services. This deal, awarded after a competitive bidding process, is expected to streamline licensing and save the Pentagon approximately $422 million annually. The contract follows substantial philanthropic contributions from…

The Economic Times

Traders Echo Pope Leo's Warning That AI Could Trigger Mass Job Losses

Traders on Kalshi are giving a 60% chance that U.S. unemployment will cross 8% at some point before 2030 and a 47% chance that it will cross 9% during the same period, largely as a result of AI implementation.

International Business Times

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International Business Times

SpaceX-Tesla Merger Talk Intensifies Ahead of Rocket Company's Nasdaq Debut

Elon Musk is about to take SpaceX public, and the move is reigniting speculation across Silicon Valley and Wall Street that his long-term goal may be to combine the company and Tesla into a single corporate empire.

International Business Times

Goldman Sachs Lifts S&P 500 Target As Earnings Growth Continues To Drive Wall Street Rally

The S&P 500's rally this year has been driven largely by corporate earnings growth rather than expanding valuations, prompting Goldman Sachs to raise its year-end target for the benchmark index as Wall Street continues to post record highs.

International Business Times

ECB Warns Risk Of Market Correction Rising As Stocks Hit Record Highs

Fresh warnings from top European policymakers come as global stocks continue climbing despite mounting geopolitical and economic risks.

Motor1

Wall Street Isn't Loving Ferrari's First EV

Investors are clearly not excited about the Luce's radical design.

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news in one place.

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International Business Times UK

'xAI Is Half The Age Of Anthropic, OpenAI Is Four Times Older': Elon Musk Dares Critics To Wait 3 Years

Elon Musk believes his company's AI model will be great and urged critics to wait three years to see where things stand relative to rival models.

International Business Times UK

Why Are MAGA Republicans Turning on Donald Trump Over Iran?

Donald Trump faces growing criticism within the Republican Party over negotiations with Iran, with divisions emerging over whether to maintain pressure on Tehran or pursue a diplomatic resolution, a split that could shape US foreign policy and regional security.

Fortune

SpaceX's next-gen rocket is the key to its sky-high valuation, early investor says: 'Starship also enables all kinds of frontier markets'

SpaceX’s launch business gives it "access to orbit," said Space Capital CEO Chad Anderson.

The Economic Times

Warren Buffett sits on $400 bn cash as Michael Burry warns of AI bubble. Is a massive market crash coming?

Berkshire Hathaway holds nearly $400 billion in cash. Michael Burry warns of an AI bubble, citing similarities to the Dotcom crash. The AI boom is reshaping global markets. South Korea's Kospi and Taiwan's stock market have seen significant gains, surpassing established Western exchanges. This shift highlights a new global market…

TechRadar

'I think those people are dead wrong': Jeff Bezos slams AI naysayers, plays down job fears for young workers, and defends billionaires and Trump

Amazon founder Jeff Bezos unsurprisingly thinks billionaires are doing a good job, and AI is pretty swell too.

The Economic Times

Spotify aiming for a 'ChatGPT moment' in music and India is central to the plan

Spotify is embracing artificial intelligence to become a personalised audio platform. The company is developing AI playlists, conversational listening, and interactive audio experiences. This move aims to differentiate Spotify in a competitive streaming market. India is highlighted as a key growth market for Spotify's AI ambitions and subscriber base expansion.

The Times of India

Elon Musk agrees with what Jeff Bezos says on charity: 'If I do my job right...'

Amazon founder Jeff Bezos, in his interview with CNBC, said his businesses do more good to the society than his charity works. Elon Musk seemed to have agreed with that. "If I do my job right, the value to society and civilization from my for-profit companies will be much, much…

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