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The Latest Breaking News from CNBC

California Couple Sold Burritos Outside Home Depot — Now They Make $2.3M A Year

Lydia Holmes and John Clarke launched LJ's Lil' Cafe from a shed at a Home Depot in 2021. Their two restaurants pulled in $2.3M in sales in 2025.

International Business Times UK

Labubu boo-boo? US sales plunge for toy maker as it struggles to diversify beyond popular plushie

Pop Mart went viral for its creepy and cute monster plushies but it remains to be seen whether it can hold on to its fan base

The Independent UK

‘You don’t cook a Thanksgiving turkey in the microwave’: Pentagon confirms Department of Defense will use Google Gemini for ‘classified projects’ – US military to expand AI vendors as ‘overreliance on one vendor is never a good thing’

Google's Gemini joins OpenAI's ChatGPT as AI models being leveraged by the Department of Defense for warfighting capabilities.

TechRadar

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EU Flags Meta For Failing To Enforce Age Limits On Facebook, Instagram

Meta has been charged by European regulators for failing to prevent children under 13 from accessing Facebook and Instagram.

International Business Times

Jim Cramer Warns 'Parabolic' Chip Rally Signals Dot-Com Risks — How To Protect Your Portfolio

Jim Cramer said the semiconductor index's record 18-session winning streak and 47% surge are 'worrisome,' drawing parallels to February 2000.

International Business Times UK

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Ari Siegel's History By Mail, a subscription service for historical document replicas, secured a Shark Tank deal after reaching $2 million in revenue.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

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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

‘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

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

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GOBankingRates

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.

International Business Times UK

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.

Fortune

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.

International Business Times

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.

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news in one place.

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The Independent UK

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

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.

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

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