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The Latest Breaking News from CNBC

GM Says It's Future Is Software. Here's Why It's Cutting 1,000 Software Jobs

Today on Critical Materials: GM cuts software team, Trump confirms he may cut EV tax credit and appoint Elon Musk as advisor, and Tesla escape higher EU tariffs

InsideEVs

Amazon’s delivery drones are too loud for the residents where it's testing the program

Amazon’s drone delivery program, known as Prime Air, has irked residents of College Station, Texas, where the initiative is being tested.

Fortune

General Motors Lays Off 1,000 In Software, Services Division

General Motors has decided to lay off more than 1,000 salaried employees who were working in the software and services division.

International Business Times

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he SEC fined Carl Icahn $500K—just 0.01% of his net wealth

The SEC alleges Icahn pledged approximately 51% to 82% of his holding company's outstanding securities to secure margin loans.

Fortune

US, China To Work Together To Achieve Financial Stability

The U.S. and China have decided to work together on their respective economic benefits by signing an agreement that would allow the countries to cooperate in terms of their financial stability.

International Business Times

GM Just Laid Off Over 1,000 People

The layoffs represent 1.6 percent of the company's entire salaried workforce.

Motor1

This tantalizing symmetry in Warren Buffett's stock moves may be a clue on Apple

"If Buffett likes round numbers, he may not be planning to sell additional shares of Apple."

Fortune

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Alibaba sees revenue hit by caution in cloud space

News follows previous results from this quarter suggesting that cloud dominance is still very much a three-horse race.

TechRadar

SpaceX refutes reports that its Starship launch pad system polluted Texas waters

SpaceX has strongly refuted a media report claiming the company violated environmental regulations by releasing pollutants related to Starship launches in South Texas.

Space

Chipotle CEO to take over at Starbucks

Starbucks founder Howard Schultz says Chipotle's Brian Niccol has his "respect and full support"

Salon

How to watch Premier League 2024/25 live streams online or on TV

Here's how you can watch Premier League 2024/25 online, with the season running from August to May.

WhatToWatch

Apple Intelligence could get a $20 Plus version — what we know

A recent interview has given us our best idea of how much an Apple Intelligence+ subscription could cost.

Tom’s Guide

US TikToker Slammed For Telling Tourists That 20% Tip Is The 'Kind, Right Thing To Do' When Eating Out

A US TikToker sparked controversy by urging tourists to tip 20% when dining out, igniting a broader discussion on the differences in tipping culture between the US and other countries like the UK, where tipping is far less customary.

International Business Times UK

Apple Intelligence could one day have subscription or paywalled features, warns analyst

After previous speculation, one analyst has warned that Apple Intelligence could see a premium subscription that costs up to $20 per month.

iMore

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Fortune

JPMorgan CEO Jamie Dimon is done psychoanalyzing Jerome Powell and the Fed

"Every day 325 million Americans go to work, go to their jobs, take care of their families, take care of their kids, build out their house, change a job. And it could be affected by the Fed changing rates by 50 base points? I don't think so."

Fortune

Jamie Dimon confirms his hit-by-a-bus CEO pick for JPMorgan Chase

“Eventually, I have to leave—I know that,” said Dimon.

Salon

Musk's pro-Trump PAC may have broke laws

Legal experts told Salon that the billionaire's pro-Trump America PAC may have broken state and federal statutes

Fortune

Airline offers women the choice of not sitting next to men when they book seats

India's biggest domestic airline IndiGo has had a great reaction to its policy says CEO Pieter Elbers.

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Fortune

Elon Musk's troubled Trump PAC is now being investigated by two swing states after appearing to scrape voters' data

The probe is the latest of the PAC’s troubles, with a major shakeup happening in late July.

The Independent UK

CNBC’s Jim Cramer faces backlash for telling viewers who care about their paycheck to ‘go with Trump’

‘Welp I’m voting Kamala now because this guy is always wrong,’ one X user wrote

Fortune

An emergency Fed rate cut of 75 basis point is needed now, Wharton’s Jeremy Siegel says

Another cut of 75 basis points should come at the Fed’s next meeting in September, he added.

International Business Times

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.

Salon

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

Multichannel News

Deep Bagchee Joins CNBC As International President

Exec was chief product officer at ITV

International Business Times

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.

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