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The Latest Breaking News from CNBC

Ryanair’s CFO says the airline has plans for an ‘armageddon situation’ as the jet fuel crisis threatens weaker European airlines this winter

“Do we have plans for some kind of Armageddon situation? Of course, we do, but I don’t see that coming to pass,” said CFO Neil Sorahan.

Fortune

Jim Cramer Says Nvidia Should Stay Inside China’s AI Boom, Not Walk Away

Nvidia’s China strategy is back in focus just days before its Q1 of fiscal 2027 earnings.

Barchart

Ryanair Has Prepared For An 'Armageddon Situation' As Jet Fuel Prices Remain High

Ryanair's CFO said the company has prepared for an "Armageddon situation" as jet fuel prices remain elevated and the Strait of Hormuz closed.

International Business Times

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Trump's Palantir Investment Puts Spotlight on Firm's Expanding Immigration Enforcement Contracts

Palantir's growing relationship with the Trump administration reportedly includes access to information tied to millions of individuals meant to significantly accelerate ICE investigations

Latin Times

Trump Bought Nvidia Stock One Week Before His Own Government Approved a Billion-Dollar Nvidia Chip Deal With China

Donald Trump's Nvidia stock trades have raised ethics concerns due to their timing with regulatory decisions, prompting calls for a presidential trading ban amid national security worries.

International Business Times UK

Bill Ackman Says Alphabet Stake Sale Wasn't a Bet Against Google — Then Reveals Bullish Microsoft Bet

Pershing Square's Bill Ackman liquidated his Alphabet position to build a £1.58bn ($2.09bn) Microsoft stake at 21 times forward earnings.

International Business Times UK

Ryanair profits surge 40% to €2.26 billion despite Boeing delays and fuel crisis

Europe’s largest low-cost airline posted record annual profits as rising fares and sustained travel demand helped offset aircraft delivery delays and mounting uncertainty in global fuel markets due to the Iran war.

Euronews

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$9 million meal? Warren Buffett and Stephen Curry charity dinner fetches record-breaking bid

A charity auction offering a private dinner with Warren Buffett and Stephen Curry has fetched a record $9 million bid. With Buffett matching contributions, the total donation nears $27 million. Proceeds will support Glide Foundation and Eat. Learn. Play., highlighting one of the largest celebrity-driven fundraising efforts globally.

The Economic Times

The Bond Market Is Flashing a Warning — And a Former Biden National Security Adviser Says Americans Could Get Hit Twice

Daleep Singh, former Biden National Security Adviser and current chief economist at PGIM, warns the bond market is flashing a serious danger signal as oil prices above $100 drive inflation fears and push the 10-year Treasury yield toward 5%. He warns the end game could be financial repression.

International Business Times

Modi calls out ‘sources’ in CNBC-TV18 report about tax on foreign travel

Prime Minister Narendra Modi on Friday went on X to rebut a source-based media report by CNBC-TV18 claiming that the government "at highest levels" was considering imposing a levy on foreign travel.

Newslaundry

Dow Jones, S&P 500 and Nasdaq end this week lower as tech stocks slide, Treasury yields and oil prices climb after Trump-Xi China summit disappoints investors - US stock market performance today May 15

Dow Jones, S&P 500 and Nasdaq today: Wall Street experienced a sell-off on Friday, with major indices like the S&P 500, Nasdaq, and Dow Jones closing lower. Technology stocks led the declines as investors took profits, while rising Treasury yields and inflation concerns added pressure. Disappointment over the Trump-Xi summit…

The Economic Times

Starbucks lays off 300 office staff

Some 2,300 corporate employees have been let go in three rounds of layoffs since February 2025

The Independent UK

China Has Agreed To Buy U.S. Oil, Trump Says: 'We Have Unlimited Energy'

China has agreed to buy U.S. oil, President Donald Trump said, as a substantial amount of Iranian exports to the Asian giant continue to be blocked by Washington's blockade of the key waterway.

International Business Times

Versant Surged After First Earnings Report. What Comes Next for VSNT Stock

CNBC owner Versant Media Group has posted a strong Q1 release. Options data suggests VSNT shares will extend gains through the remainder of 2026.

Barchart

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International Business Times

Starbucks To Cut Hundreds Of Corporate Jobs As Part Of Push To 'Return The Company to Durable Profitable Growth'

Starbucks announced on Friday that it will cut 300 corporate jobs in the U.S. and shut down some regional support offices as part of a push to "return the company to durable, profitable growth."

International Business Times UK

This Creator Scaled Her YouTube Income From $200 to $5,900 a Month After Brutal Layoff — And Saved Her Home

Symone Austin turned her financial crisis into success, going from a $131,000 job loss to earning $5,900/month on YouTube, amid personal finance challenges and new income strategies.

Radio France Internationale

Trump hails 'fantastic trade deals' made during talks with China's Xi

President Donald Trump announced he had made "fantastic trade deals" with China's President Xi Jinping, as the pair met on Friday for the final talks of a superpower summit that the US leader said had also secured a Chinese offer to help open the Strait of Hormuz.

The Economic Times

Trump says made 'fantastic trade deals' with Xi

President Donald Trump met with President Xi Jinping in Beijing. They discussed significant trade agreements beneficial to both nations. China offered assistance regarding the Strait of Hormuz. Discussions also touched upon artificial intelligence and oil purchases. The leaders addressed geopolitical flashpoints like Taiwan, aiming to manage differences.

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The Economic Times

US, China discussing AI 'guardrails': Treasury secretary Bessent

The United States and China were discussing setting up "guardrails" for the use of artificial intelligence (AI), US Treasury Secretary Scott Bessent told CNBC on Thursday, with growing calls for regulation of the burgeoning technology. The Treasury secretary said Washington and Beijing would set up a "protocol" on the path…

MarketBeat

Versant Q1 Earnings Call Highlights

Versant (NASDAQ:VSNT) Media Group reported a modest revenue decline in its first quarter as an independent company, while management pointed to stronger profitability, growth in digital and platform businesses, and continued investment in direct-to-consumer offerings as key priorities for 2026. Chi

International Business Times UK

Trump Overruled His Own Staff to Bring 'Great Jensen Huang' to Beijing — Nvidia Boss Boarded During Refuelling Stop

Nvidia CEO Jensen Huang joins Trump's Beijing delegation after initial exclusion, highlighting the strategic importance of US-China semiconductor relations and Nvidia's $50 billion China market opportunity.

The Economic Times

Mass layoffs at Goldman Sachs? President John Waldron says "digital agents will be our robots, human assembly lines to be more digitized"

Goldman Sachs is integrating generative AI 'robots' to automate tasks, aiming to boost productivity and cut costs without mass layoffs. President John Waldron stated these digital agents will enhance the firm's 'human assembly line,' creating new tech roles. He clarified recent job cuts are unrelated to AI, attributing them to…

The Economic Times

Cisco stock price today: Why CSCO stock soared 17% after earnings and why Cisco is cutting thousands of jobs - here's what investors need to know

Cisco stock price today after CSCO earnings: Cisco shares soared following a robust earnings report. The networking giant exceeded expectations for revenue, profits, and future guidance. Demand for its artificial intelligence infrastructure business is growing significantly. Cisco also announced workforce reductions to focus on long-term growth areas.

International Business Times

Kevin Warsh Confirmed As Next Chairman Of The Federal Reserve, Replacing Jerome Powell

The Senate confirmed on Wednesday Kevin Warsh as the next chair of the Federal Reserve, replacing Jerome Powell.

Reason

Congress Ramps Up Its Crusade Against Chinese Cars Ahead of Trump-Xi Meeting

Chinese cars are cheap and widely popular, but Americans can't buy them.

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