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The Latest Breaking News from CNBC

Musk vs Khanna Feud Escalates: Musk Calls for Arrest Over Insider Trading as Khanna Seeks TV Debate on DOGE Cuts

The controversy between Elon Musk and Representative Ro Khanna focuses on allegations of insider trading and the impact of USAID cuts.

International Business Times UK

S&P 500, Nasdaq Fall As Chipmakers Struggle; Dow Jones Climbs

The S&P 500 and the Nasdaq Composite fell on Monday, dragged by chipmakers.

International Business Times

Republicans Outpace Democrats In Crypto Adoption As Political Divide Emerges In U.S. Market

Men under 50 continue to dominate cryptocurrency trading, with gender differences proving wider than the partisan split.

International Business Times

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Lucid Motors layoffs 2026: EV maker slashes jobs ahead of SUV launch - why is Lucid laying off employees, how many jobs are being cut and which roles are impacted?

Lucid Motors layoffs 2026 explained: EV maker Lucid Motors is undergoing significant workforce reductions, cutting approximately 18% of its global staff, around 1,500 employees. This move, coupled with the elimination of a production shift, signals a strategic reshaping under new CEO Silvio Napoli.

The Economic Times

10X Bigger Than Amazon: Jeff Bezos Breaks Silence on His Secretive New $70 Trillion AI Venture

Jeff Bezos' new venture, Prometheus, aims to revolutionise manufacturing by using AI to speed up product development, targeting a $70 trillion market.

International Business Times UK

US Seniors Could Lose Half Their Social Security Cheques Under Tougher Overpayment Clawback Rules

The Social Security Administration's policy changes on overpayment recovery, now set at a 50% withholding rate, affect millions of retirees and disabled beneficiaries, causing financial strain and uncertainty.

International Business Times UK

Why odds of SpaceX merger with Tesla keep climbing every time the stock shoots up

But a giant leap for Tesla shareholders could be a rotten move for SpaceX investors.

Fortune

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SpaceX IPO Creates New Billionaires As Elon Musk's Stake Tops $1 Trillion

SpaceX shares remain above their IPO price despite losing ground after a record-setting debut week.

International Business Times

Oil Tanker Traffic Through Strait Of Hormuz Climbs After US-Iran Deal Reopens Key Shipping Route

Iranian oil tankers that went dark during the conflict have resumed transmitting their locations as crude exports begin moving again.

International Business Times

Trump Says He Has To Keep Netanyahu 'A Little Bit Sane' As Tensions Surface Over Lebanon Fighting

The remarks came weeks after Trump acknowledged calling Benjamin Netanyahu "crazy" during a heated conversation over Israeli operations in Lebanon.

International Business Times

US Stock Market: Accenture’s AI transformation faces investor skepticism as stock plunges; CEO Julie Sweet remains confident

Accenture's shares plunged nearly 20% after its fiscal third-quarter results revealed weaker-than-expected bookings and a softer outlook. CEO Julie Sweet insists the current phase reflects a multi-year AI-driven transformation, not structural weakness, as clients move from AI pilots to large-scale deployment.

The Economic Times

'Godfather of AI' Says xAI Can't Compete with OpenAI and Anthropic, Calls It a 'Failure'

Yann LeCun criticises Elon Musk's xAI as a 'failure' unable to compete with OpenAI or Anthropic, and warns of a looming AI industry 'bubble explosion'.

International Business Times UK

Amazon Says Commercially Useful Quantum Computers Are Moving Closer To Becoming a Reality

Amazon has now offered its clearest public timeline yet on when quantum technology could begin delivering practical business applications.

International Business Times

OPEC Chief Rejects IEA's Oil Glut Warning as Strait of Hormuz Reopens

OPEC Secretary General Haitham Al Ghais has pushed back against forecasts from the International Energy Agency (IEA) that the global oil market is headed toward a major supply glut.

International Business Times

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Barchart

Michael Burry Skips SpaceX Short Bet Over Expensive Options Pricing

Michael Burry passed on betting against SpaceX stock, citing pricey options. Here is what the "Big Short" investor said about the company's near-$3 trillion valuation.

The Economic Times

Silicon Valley chiefs discuss gigawatts & guardrails at G7

Here’s everything you need to know about what was discussed at Wednesday’s working lunch among tech executives and global leaders.

International Business Times

Stocks Drop After Fed Officials Anticipate Potential Rate Hike This Year

Stocks tumbled on Wednesday as Federal Reserve policymakers said they expect to hike interest rates once this year.

Fortune

‘AI is going to create a labor shortage’: Jeff Bezos sees more jobs being created in the new economy, not less

The Amazon founder bets AI will create a labor shortage, not a doomsday, as he debuts Prometheus, his $41 billion startup reengineering the physical world.

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news in one place.

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International Business Times UK

SpaceX's $60 Billion Cursor Deal Comes With a Twist: It Didn't Spend a Dollar in Cash

Elon Musk's SpaceX acquires AI coding startup Cursor for £44.7 billion in an all-stock deal, riding its post-IPO share surge. This move boosts SpaceX's AI capabilities and market position.

Fortune

SpaceX just surpassed Amazon’s market cap, overtaking the 31-year-old company on day three of public trading

Elon Musk has made more money today than Warren Buffett has made in his entire career.

International Business Times

Qualcomm CEO Says AI Agents Will Replace Apps As The Next Computing Platform

Qualcomm is developing more than 40 artificial intelligence-powered device designs spanning multiple wearable categories, according to CEO Cristiano Amon.

The Economic Times

Parenting expert who studied more than 200 children says this is the No. 1 skill parents just forget to teach kids now

Parenting expert Reem Raouda says emotional safety is one of the most important yet often overlooked factors in a child's development. According to her, children thrive when they feel safe expressing their thoughts, feelings and needs without fear of judgment, helping them grow into more confident, resilient and emotionally healthy…

Fortune

Meet Gwynne Shotwell, the engineer-turned-COO who runs SpaceX in platform heels and is now worth over $2 billion

“I need more data than Elon does to make a decision,” Gwynne Shotwell once said.

International Business Times UK

The $700 Billion Jump: How Donald Trump's Election Propelled Elon Musk to Trillionaire Status

Elon Musk's net worth surpassed 11 trillion after SpaceX's Nasdaq debut, sparking political debate on wealth inequality led by Bernie Sanders and other politicians.

International Business Times

UAE Says No Deal To Unlock Billions To Iran Amid Talks To End War

The UAE's denial came after a slew of reports alleging the government has agreed to release up to $20 billion in frozen assets to Iran, CNBC reported.

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