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The Latest Breaking News from CNBC

‘Venture capitalist’ offered to buy Virgin Orbit for $200m. He had ‘less than a buck’ to his name, SEC says

Matthew Brown’s ‘bogus offer’ to buy Virgin Orbit caused the company’s stock to jump in 2023

The Independent UK

Raising Cane's managers now make $175,000 as new laws and shortages push fast-food salaries to six figures

Post-pandemic retention issues and California’s mandatory pay law means that the infamously underpaying sector is finally paying up, coughing up six figures in some cases.

Fortune

What Warren Buffett’s 9-day buying tear of oil stock Occidental says about Berkshire Hathaway’s bigger strategy

Berkshire Hathaway has a long relationship with the oil and gas giant Occidental.

Fortune

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read the most diverse news in one place.

Out of juice: Prices of OJ are reaching all-time highs as climate-fueled extreme weather devastates industry

The crisis comes amid a string of extreme weather events in Brazil and Florida

The Independent UK

Feds finally track down CNBC pundit-turned-fugitive after three years on the run

James McDonald faces up to 75 years in prison

The Independent UK

McOver! McDonald’s ends its AI program for drive-throughs but says it could return in future

Restaurant managers allegedly found the IBM-built technology too expensive and inaccurate to adequately replace human workers

The Independent UK

After It Secured NFL TV Rights, Now Comes the Hard Part for Netflix -- Finding Someone to Produce and Call the Games

Netflix's options in terms of finding contractors 'may be limited,' reports say

Broadcasting & Cable

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'Big Short' Investor Steve Eisman, Who Predicted '08 Market Crash, Says To Hold On To Apple Stocks

Steve Eisman believes that the demand for AI and infrastructure is pushing the economy to new heights, and Apple has a central role in it.

International Business Times UK

CEOs worry about Trump's mental decline

The concerns were expressed by "people who I think might have been predisposed to him," said reporter Andrew Sorkin

Salon

Finance Expert Shares The Retirement Account To Diligently Contribute To For Unique Tax Breaks

Suze Orman believes a Roth IRA account offers a host of tax breaks on withdrawals in retirement or when passing the funds to heirs.

International Business Times UK

Elon Musk, called every name from ‘carnival barker’ to ‘absent CEO,’ is on the verge of landing a $45 billion pay package from Tesla

After having his unprecedented pay package voided by a judge, Tesla shareholders are set to vote on whether the plan should be reinstated.

Fortune

Apple Shares Soar To Record Levels With AI Platform Launch

The stock jumped 7% to close at a record high, marking its best single-day performance since November 2022.

International Business Times

Raspberry Pi shares are piping hot, hit 39% on LSE debut

The Raspberry Pi Foundation is now in the “conditional dealing” phase of its London Stock Exchange debut, with its full-fat debut imminently.

TechRadar

Toyota’s sterling reputation just took a $15 billion hit after the car giant was found falsifying safety tests

Shares for the world’s largest carmaker fell more than 5% last week.

Fortune

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news in one place.

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InsideEVs

Costco May Save General Motors' EV Buyers From Dealer Headaches

GM is trying to sell more EVs through Costco. Given how awful the buying experience is at the average dealer, this could be a huge win.

International Business Times

GameStop Shares Take a Big Hit Amid 'Roaring Kitty' Anticipation

GameStop shares fell after a decline of 29% in sales was reported amid anticipation for "Roaring Kitty's" YouTube livestream.

Fortune

Inside Walmart’s company seat in Bentonville, a once-sleepy burg that now houses its $540 billion retail empire

The retailer’s new 350-acre campus, set to open next year, will contain a childcare facility and a network of bike paths.

Fortune

Tesla board chair says not paying Elon Musk is unfair—‘Put yourself in his shoes’

Investors will vote on the Tesla CEO’s $56 billion stock option package next week.

Get all your
news in one place.

100’s of premium titles.
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InsideEVs

Tesla Shareholders Stupefied Over Musk's Orders To Divert Nvidia Shipments To X

Today on Critical Materials: Tesla shareholders livid over Musk diverting GPUs, Stellantis looks in-house for EV parts, and Mercedes taps China for autonomy.

InsideEVs

'Fundamentals Detached From Reality': Early Tesla Diehards Now Skeptical

Some early Tesla bull investors are asking tough questions. Plus, what's going on with Musk, Nvidia and AI chips, and GM's EV commitment?

Fortune

Elon Musk admits diverting Tesla’s AI chips to his other companies, claiming ‘they would have just sat in a warehouse’

The timing of his latest conflict of interest is damaging, coming just days before a key shareholder vote over his record pay package on June 13.

International Business Times

Elon Musk Ordered Nvidia To Redirect Thousands Of AI Chips: Report

Musk has claimed that he will be able to make Tesla into an AI & robotics leader, and that this will require thousands of processors from NVIDIA in order for the required infrastructure to be built.

International Business Times UK

Grant Cardone And Barbara Corcoran: Savings Alone Won't Bring Wealth, Here's What To Do Instead

Is fear holding you back from wealth? Barbara Corcoran and Grant Cardone say invest for cash flow, not just savings.

International Business Times

Paramount, Skydance Reach Merger Agreement: Report

Once the deal is closed, two-thirds of Paramount would be co-owned by Skydance and RedBird.

TV Tech

Reports: Paramount Nears Agreement on Merger with Skydance

The two have agreed to the terms of a merger deal that could be announced in the next few days

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