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The Latest Breaking News from CNBC

Apple can't catch a break from the EU: Competition chief says issues are "very serious"

European Union Comissioner for Competition, Margrethe Vestager, told CNBC in an interview on Tuesday that the organization has a "number of Apple issues," and she "finds them very serious."

Laptop

How Calculating How Many Big Macs He Can Buy With His Hourly Earnings Helped This Man Get $11K Weekly In Passive Income

Frustrated by commutes, man turns side hustles into $1,600/day income with a gamified approach and diversification

International Business Times UK

PM Modi Wants India To Be A Developed Country By 2047; Analysts Reveal 4 Things He Should Focus On To Be Successful

India's new coalition government aims to boost infrastructure and manufacturing, combat unemployment, and attract foreign investments amidst economic challenges.

International Business Times UK

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‘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

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

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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

'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

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International Business Times

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.

TechRadar

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.

Fortune

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.

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.

Get all your
news in one place.

100's of premium titles.
One news app.

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.

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.

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