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The Latest Breaking News from CNBC

Netanyahu downplays row with Trump, says both agree on disarming Hezbollah

Israeli Prime Minister Benjamin Netanyahu downplayed on Wednesday a row with US President Donald Trump, saying they both were aligned on the goal of disarming Hezbollah in order to achieve peace between Israel and Lebanon. "And so if we want to save Lebanon, if we want to get a Lebanese-Israeli…

The Economic Times

OECD Cuts Global Growth Outlook As U.S.-Iran War Weighs On Economy, Energy Markets

The global economy is expected to slow this year as the fallout from the U.S.-Iran war continues to ripple through energy markets, trade routes and investment activity, according to the OECD.

International Business Times

Netanyahu Says He Has 'Tactical Disagreements' With Trump But 'Always Find a Way To Work Them Out'

Israeli Prime Minister Benjamin Netanyahu said he and President Donald Trump have "tactical disagreements" but have "common goals."

International Business Times

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Stock Market Flashes Dot-Com Bubble Warning Sign As AI Rally Narrows: Report

The S&P 500 closed at a record on the final trading day of May, but only 20 companies in the index also reached their own all-time highs.

International Business Times

Ivanka Trump Claims She Sacrificed Her $800 Million Business for the White House — The Reality Is Murkier

Ivanka Trump says her fashion brand made $800 million a year. Public filings, expert estimates and her own disclosures suggest otherwise.

International Business Times UK

Bitcoin Dips Below $66,000 Amid AI Rally — Why Some Analysts Eye $50,000 Next

Bitcoin prices fell below $66,000 on Wednesday, with analysts warning of further declines amid shifting sentiment and upcoming IPOs.

International Business Times UK

Nvidia CEO Jensen Huang's bold prediction sends Marvell stock (MRVL) rallying 29% today - here's what he said

Marvell (MRVL) stock rally after Nvidia CEO Jensen Huang's prediction: Marvell Technology's stock surged after Nvidia CEO Jensen Huang lauded the company as a potential "next trillion-dollar company." Huang emphasized Marvell's crucial role in AI infrastructure, particularly its networking and connectivity solutions, which are essential for distributed computing in massive…

The Economic Times

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Euro Zone Inflation Climbs To 3.2% As Iran War Keeps Energy Prices Elevated

Rising oil and gas prices linked to the conflict involving Iran continued to drive inflation across the euro area, while price pressures varied significantly among member states.

International Business Times

White House ‘reviewing’ college sports bill ahead of Senate hearing

The House and Senate could be headed toward a showdown over competing bills that would usher in major changes to college sports, but President Donald Trump has yet to make clear just what he would sign. The Senate Commerce Committee on Wednesday morning is slated to hear from expert witnesses…

Roll Call

Critics Sound Alarm After Donald Trump Contradicts Himself Three Times in One Sentence

Donald Trump's meandering CNBC interview on Iran, NATO and European 'windmills' has triggered fresh questions about his focus and judgment as he seeks a return to the White House.

International Business Times UK

Trump Says He 'Couldn't Care Less' if Iran Talks Collapse, Calls Negotiations 'Very Boring'

President Donald Trump shrugged off concerns that negotiations with Iran could be ending, saying he "couldn't care less" whether the talks continue and describing the diplomatic process as increasingly tedious.

Latin Times

35 judges urged action. Now a Miami judge has reopened Donald Trump’s ‘Weaponization Fund’ IRS suit

The IRS had a list of defenses for the lawsuit that the GOJ reportedly ignored.

We Got This Covered

Berkshire Hathaway buys homebuilder Taylor Morrison and then invests $10B in Alphabet under new CEO

Berkshire Hathaway's new CEO Greg Abel started the week by inking a deal to acquire homebuilder Taylor Morrison for $6.8 billion, and he's followed that up on with a $10 billion investment in Google's parent company

AAP

Warren Buffett’s successor reshapes empire with $10 billion AI gamble

Berkshire Hathaway’s new CEO Greg Abel started the week by inking a deal to acquire homebuilder Taylor Morrison for $6.8 billion, and he's followed that up on with a $10 billion investment in Google's parent company

The Independent UK

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AAP

Berkshire Hathaway buys homebuilder Taylor Morrison in first deal under new CEO

Berkshire Hathaway's new CEO Greg Abel hinted that he may depart from Warren Buffett's longtime hands-off operating model at the conglomerate as he announced a $6.8 billion cash acquisition of homebuilder Taylor Morrison

International Business Times

Trump-Linked Startup Plans to Put Humanoid Robots on Future Battlefields

Foundation Future Industries, a San Francisco-based robotics company, is developing human-shaped robots designed for industrial work and military operations.

The Independent UK

Berkshire Hathaway CEO signals strategy shift from Warren Buffett legacy with new deal

Berkshire Hathaway’s new chief executive, Greg Abel, has signaled a potential departure from Warren Buffett’s long-held hands-off operating model, following the announcement of a $6.8 billion acquisition of homebuilder Taylor Morrison.

AAP

New Berkshire Hathaway CEO Greg Abel makes first deal since taking over from Warren Buffett

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International Business Times

Nvidia, Meta And Walmart Top The List Of Companies Using AI The Most: Report

Companies across the S&P 500 are adopting artificial intelligence at sharply different rates, accordin to a new report.

International Business Times

U.S. Households Have Paid Nearly $450 More Since Iran War Began, Analysis Shows

Americans have paid nearly $450 more per household in fuel-related costs since the start of the U.S.-Iran war, a new analysis shows.

Kiplinger

I'm a Retirement Psychologist: This Is the Identity Crisis That High Achievers Don't Plan For (and What to Do About It)

Shifting your identity from working and saving to spending and living can be tough, but here's why you need to do it for yourself and your family.

International Business Times

Trump's National Security Meet On Iran Provides No Clarity On 'Final Determination'

There has been no announcement on a decision whether to approve a deal, or to pause the conflict in the Middle East, which has dragged on for three months now.

The Independent UK

Americans have paid an additional $59 billion in inflated fuel prices since Trump started his Iran war

The extra $450 spent by each US household has already eaten up this year’s $380 increase in the average tax refund

The Independent UK

Congress is looking to ban Chinese-made vehicles in US - but could take out Mercedes-Benz as well

Bill would ban automakers tied to U.S.-designated adversaries, including China, Russia and North Korea, from making, selling or importing vehicles into the U.S. for five years

International Business Times

Nvidia Expands Photonics Push With Billions In New AI Infrastructure Investments

Nvidia has committed at least $6.5 billion in investments tied to photonics and optical networking companies since March, widening its effort to address one of the biggest infrastructure constraints facing the AI industry.

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