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The Latest Breaking News from CNBC

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

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.

International Business Times UK

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.

Windows Central

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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.

Fortune

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

The Independent UK

Crypto Power Clash Erupts As Billionaire Investor Takes Trump-Linked Digital Asset Firm To Court

Court documents indicate that the billionaire is challenging aspects of how the firm has positioned its digital asset offerings, alleging that certain representations may have influenced investor expectations and market behavior.

International Business Times

Trump heaps praise on companies that don’t seek tariff refund

President said he was ‘not happy’ with the U.S. Supreme Court

The Independent UK

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JPMorgan Says Renewed AI Boost Will Send U.S. Stocks Even Higher

JPMorgan said in a new report that U.S. stocks could continue climbing as a result of a renewed AI boost.

International Business Times

Vance trip to Pak put on hold after Tehran snubs US terms

With the two-week ceasefire coming to an end Wednesday, hopes of an end to the US-Iran war seemed elusive amid reports citing an American official saying that vice-president JD Vance’s trip to Islamabad for a second round of talks had been put on hold after Tehran failed to respond to…

The Times of India

Citi Says Oil Prices Could Surge to $130 A Barrel if Strait of Hormuz Remains Closed

Citi analysts warned of how quickly the oil market could tighten if the Strait of Hormuz does not fully reopen soon, noting that crude could climb as high as $130 a barrel.

International Business Times

Self-Made Millionaire On $14,000 A Month In Passive Income Shares Side Hustle Secrets

Rachel Jimenez earns $14,000 a month from seven passive income streams after quitting her 9-to-5 in 2021 to sell digital products on Etsy.

International Business Times UK

Trump walks deal, talks bombs as Islamabad meet hangs in air; US and Iran play travel chicken

TOI correspondent from Washington: Increasingly seen as an agent of chaos even by his own base, US President Donald Trump on Tuesday said he expects to achieve “a great deal” with Iran after a second round of talks in Pakistan on Wednesday while at the same time saying he also…

The Times of India

'Thought I had understanding with Xi': Trump says ship seized by US had 'gift from China' for Iran

President Trump revealed the US seized a ship carrying "not very nice" items, calling it a "gift from China." He linked this to Iran tensions, threatening to bomb bridges and expressing no desire to extend the Iran ceasefire. Trump anticipates a "great deal" but also expects bombing, despite China denying…

The Times of India

US military ‘raring to go’ if Iran talks fail, says Donald Trump

Negotiations hang in the balance amid the ongoing tense stand-off in the Strait of Hormuz that continues to disrupt shipping.

Evening Standard

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International Business Times

New Psychedelics Push by Donald Trump Raises Questions About Federal Drug Policy Delays

Donald Trump's new psychedelics order aims to speed research but raises concerns about slow federal drug policy progress and delays.

The Independent UK

Trump is ready to resume bombing Iran if negotiation talks stall: ‘the military is raring to go’

IN FULL

International Business Times

Experts Warn Against 'Glass Half-Full' Perspective About Investing Through Iran War

Experts are warning that investors might be misreading the latest turns in the Iran war, including a brief reopening of the Strait of Hormuz on Friday with a "glass half-full view," according to a new report.

The Independent UK

Wawa abandons drive-thru experiment in favor of mobile order pickup windows

The convenience’s store cult-like following fans that have helped it become America’s favorite convenience store

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news in one place.

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International Business Times

Uber Eats Adds Easy Returns Option, But Customers Must Pay for Pickup

Uber Eats introduces instant refund returns with courier pickup, offering faster refunds for a fee and changing how online shoppers handle returns.

GOBankingRates

How Gas Prices Just Changed Your 2027 Social Security Check

Inflation and the Iran war have pushed gas prices higher, but that could mean a bigger 2027 Social Security COLA for retirees. Find out what to expect.

International Business Times

Iran War Jitters And Rising Mortgage Rates Cool Crucial U.S. Spring Housing Market, CNBC Survey Finds

A new CNBC survey finds Iran war fears and rising mortgage rates are chilling the key 2026 U.S. spring housing market, slowing buyer demand despite still‑tight inventory.

International Business Times

Top Wall Street Banks Shed Thousands Of Jobs Despite Strong Profits: Report

Top Wall Street banks have shed thousands of jobs in the first quarter of the year despite notching record profits, according to a new report.

International Business Times UK

How To Refinance Student Loans Amid Backlogs For 643,000 Borrowers, Looming SAVE Plan Deadline

Over 643,000 US student loan borrowers remain stuck in repayment backlogs as the SAVE plan winds down and a 1 July deadline approaches.

Latin Times

Oxford Researcher Warns Young Americans' Happiness 'Falling Off a Cliff,' But Social Media Is Not The Only Factor

Jan-Emmanuel De Neve, the Oxford economist who helps steer the World Happiness Report, pointed to social media overuse, processed food, and fewer family ties as reasons for the lack of happiness among young Americans.

International Business Times

Oxford Researcher Warns Young Americans' Happiness 'Falling Off a Cliff,' But Social Media Is Not The Only Factor

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