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Trump suspends teleprompter operator over Kalshi bets allegations,…

A teleprompter operator is under investigation by federal regulators in connection with bets they allegedly made on the prediction market platform Kalshi related to statements made by President Donald Trump. "Our surveillance…

Analysis: Fed Chairman Warsh faces an inflation credibility test a‏er Congress hearings

Fed Chairman Kevin Warsh took two days of House and Senate questioning and made few major missteps. Lawmakers in both parties agreed prices are still rising too fast, putting pressure on Warsh to deliver on his commitment to "price stability." Warsh is...

U.S. strikes Iran before Hormuz Strait blockade restarts

U.S. forces launched strikes against Iranian targets shortly before the U.S. resumed its naval blockade of Iranian ports in and around the Strait of Hormuz. The latest round of strikes is aimed at "degrading Iranian capabilities used to attack...

South Carolina governor taps Lindsey Graham's sister to serve as interim senator

South Carolina Gov. Henry McMaster on Monday tapped Sen. Lindsey Graham's sister, Darline Graham Nordone, to fill the late senator's seat through the remainder of his term.t. McMaster's announcement came aft‏er President Donald Trump recommended Graham...

Sen. Lindsey Graham, influential lawmaker and Trump ally, dies at 71 a‏er a brief illness

Sen. Lindsey Graham, R-S.C., unexpectedly died following a "brief and sudden illness," his o‏ice said. Graham, 71, had just returned from a trip to Ukraine. Graham was first elected to the U.S. Senate in 2002 and chaired the Senate...

Trump threatens to 'decimate' Iran if it tries to kill him, as Treasury sanctions alleged Iranian financier

President Trump threatens to "decimate and destroy" Iran if Tehran acts on threats to assassinate him. The Treasury Department sanctions an alleged Iranian financier. Iranian Foreign Minister Abbas Araghchi visits key mediator Oman for talks. Trump's...

Apple sues OpenAI alleging trade secret the‏, says scheme was 'at every level'

Apple has sued OpenAI in federal court in Northern California, alleging trade secret the‏. The iPhone maker alleges that the AI lab took Apple's intellectual property in order to develop its own consumer hardware. It's a shocking reversal for the two...

Anthropic appoints former Fed Chair Ben Bernanke to its independent trust

Anthropic on Thursday announced it has appointed Ben Bernanke, former chair of the Federal Reserve, to its Long-Term Benefit Trust. The trust is Anthropic's independent governance structure that advises the compa…

Michael Burry bets on sportsbooks Dra‏ftKings and Flutter, sees prediction markets curbed by regulation

Judge blocks DOJ subpoena for names of 2020 Fulton County, Georgia, election workers

A Georgia federal judge quashed a Department of Justice subpoena seeking the names of election workers in Fulton County from the 2020 election. President Donald Trump has falsely claimed he won Georgia's 2020 presidential election and has focused his...

Platner Senate campaign taking 'time to reflect' on path forward a‏er sexual assault allegation

Democratic Maine Senate candidate Graham Platner on Monday said he's taking "time to reflect" on his campaign's path forward a‏er a woman accused him of sexually assaulting her in 2021. Platner and his campaign denied the accusations made by...

Trump asked FIFA to review Balogun's World Cup game suspension: Reports

President Donald Trump reportedly asked FIFA to review a one-game World Cup suspension of U.S Men's National Team striker Folarin Balogun before the international soccer regulatory body surprisingly reversed the ban. Balogun can play...

UK and France agree with Oman to ensure safety of its territorial waters

Oman agrees to work with U.K. and France to ensure the Gulf nation's waters are safe for navigation. France said it has deployed mine countermeasures to the Middle East. Situated on the southeastern coast of the Arabian Peninsula, opposite Iran across...

Tesla stock sinks 7% despite strong deliveries report, posting worst day …

Tesla reported 480,126 deliveries and vehicle production of 451,758 for the second quarter, exceeding Wall Street expectations. A Teslacompiled consensus said analysts were expecting 406,024 deliveries, while…

Jack Smith says he's 'very concerned what's going to happen next election' under Trump

Former special counsel Jack Smith on Thursday said that under President Donald Trump, "We are facing an attack on the rule of law." Smith also said that "it angers me" to see career o‏icials at the Department of Justice "demonized" by the Trump...

Trump got $15,000 in FIFA tickets from Gianni Infantino. Next up: Presenting the World Cup trophy

Trump’s latest financial disclosure shows FIFA President Gianni Infantino gave him 10 tickets, valued at $15,000, to last year’s FIFA Club World Cup final at MetLife Stadium. Infantino has said Trump is expected to help present the World Cup trophy on...

Trump's annual financial disclosure shows more than $580M in cryptorelated income

President Donald Trump's annual financial disclosure report was released on Tuesday by the U.S. O‏ice of Government Ethics, revealing income of hundreds of millions of dollars from proceeds of crypto tokens and holdings of hundreds of individual...

Lobbying push to nix Pentagon defense contractor share buyback ban heats up

Lobbying e‏orts to kill a proposed ban on some defense contractors buying back their own stock in a must-pass annual defense bill are heating up, as the House of Representatives begins to move the legislation this week. The prohibition, a version of...

SpaceX to join the Nasdaq-100 in a fast-tracked process that will drive huge ETF buying demand

Nasdaq announced that Elon Musk’s SpaceX would join the Nasdaq-100 index. Assuming the company meets the exchange’s requirements, index-tracking funds — like the popular Invesco QQQ Trust (QQQ) — can start buying shares a‏er the market closes on July...

SpaceX to join the Nasdaq-100 in a fast-tracked process that will drive huge ETF buying demand

Nasdaq announced that Elon Musk’s SpaceX would join the Nasdaq100 index. Assuming the company meets the exchange’s requirements, indextracking funds - like the popular Invesco QQQ Trust (QQQ) - can start buying shares after the market closes on July 6....

U.S. strikes Iran a‏er Trump accuses Tehran of ceasefire violation in Strait of Hormuz

The U.S. military struck Iran on Friday a‏er President Donald Trump accused the Islamic Republic of violating a 60-day ceasefire by launching drone attacks on ships in the Strait of Hormuz. U.S. Central Command said its aircra‏ "struck Iranian missile...

Trump keeps turning Republican wins into loyalty tests - and political liabilities

President Donald Trump has repeatedly in the last two weeks stymied congressional GOP priorities on housing and national security, while demanding passage of a controversial voter-ID bill. Trump scrapped a planned signing of a bipartisan housing bill...

White House requests $87.6 billion supplemental spending for Iran war, farm aid

Alphabet added to Dow Jones Industrial Average, replacing Verizon

Alphabet will replace Verizon in the Dow Jones Industrial Average. Honeywell would remain in the Dow following the completion of its spin o‏ of Honeywell Aerospace. The California-based company will join megacap tech peers Nvidia, Amazon, Apple and...

Tesla faces federal probe a‏er Model 3 slams into Texas home, killing 76-year-old

The NHTSA is investigating a crash involving a Tesla Model 3 in which the car slammed into a Texas home and killed a 76-year-old. The driver told local authorities he was using Tesla's partially automated driving systems at the time of the crash in the...

DOJ rebu‏s judge's request to put in writing it won't move forward with 'anti-weaponization' fund

The Department of Justice told a federal judge it would be "unnecessary" to attest in writing that it won't move forward with its "anti-weaponization" fund because senior administration o‏icials already told Congress the fund is o‏ the table. Judge...

DOJ rebu‏s judge's request to put in writing it won't move forward with 'anti-weaponization' fund

The Department of Justice told a federal judge it would be "unnecessary" to attest in writing that it won't move forward with its "anti-weaponization" fund because senior administration officials already told Congress the fund is o‏ the table. Judge...

DOJ rebu‏s judge's request to put in writing it won't move forward with 'anti-weaponization' fund

The Department of Justice told a federal judge it would be "unnecessary" to attest in writing that it won't move forward with its "anti-weaponization" fund because senior administration o‏icials already told Congress the fund is o‏ the table. Judge...

Waymo recalls about 3,900 robotaxis a‏er some drove into 'freeway construction zones'

A‏er some Waymo robotaxis drove into closed construction zones, the company implemented a recall to fix underlying so‏ware issues. The voluntary recall is the second in a little over a month for Alphabet's autonomous vehicle...

Analysis: Chairman Kevin Warsh’s task forces are the key to understanding the new Fed

Fed Chairman Kevin Warsh stuck to his long-stated belief in his first press conference on Wednesday that "inflation is a choice." That message is part of a broader reorganization Warsh has planned to shi‏ the Fed to being quieter and what he sees as...

Snap unveils $2,195 AR glasses as CEO Evan Spiegel bets on postsmartphone future

Snap is launching Specs, the company's first AR glasses geared toward the broader public instead of developers. The glasses cost $2,195 with a $200 refundable deposit, and are expected to ship later this year. "Almost 20 years since the launch of the...

SpaceX stock jumps 20% in first full day of trading a‏er record debut

Shares of SpaceX climbed on Monday, their first full day of trading a‏er jumping 20% in their debut on Friday. SpaceX completed the biggest IPO in history, raising $75 billion before underwriters exercised their overallotment. CEO...

U.S. and Iran agree on peace deal to end the war, Trump and Pakistan say

The U.S. and Iran have agreed on a deal to bring their nearly fourmonth war to an end, with both sides declaring the immediate and permanent termination of military operations on all fronts, including in Lebanon, Pakistan Prime Minister Shehbaz Sharif...

Trump says peace deal will be signed Sunday a‏fter Iran said it remains cautious on timing

President Donald Trump posted on Truth Social that a deal to end the war with Iran will be signed on Sunday. He added that the Strait of Hormuz will be opened immediately a‏er the signing. Iranian state media reported that the country remained cautious...

SpaceX IPO won’t ‘break’ the bull market. But investors are worried about what comes next

Wall Street expects that the stock market can digest the new equity supply from SpaceX's initial public o‏ering. SpaceX's anticipated $75 billion capital raise will absorb just a little over two weeks of shareholder payouts, according to Gavekal...

Warren questions SpaceX IPO oversight in new letter to stock indexes

Sen. Elizabeth Warren, D-Mass., sent a letter to stock indexes asking them about changes to rules overseeing which stocks are listed in their indexes. Warren is requesting answers on to what extent SpaceX, OpenAI and Anthropic have pressured indexes to...

U.S. military launches strikes in retaliation for Iran downing helicopter

American forces launched strikes against Iran "in response to yesterday's downing of a U.S. Army Apache helicopter," U.S. Central Command said. President Donald Trump earlier said the U.S. would "respond" to the downing of the...

OpenAI confidentially files for IPO, prepping Wall Street for mega AI debut

OpenAI has confidentially filed for an IPO with the Securities and Exchange Commission, setting the stage for what could be one of the largest public markets debuts in history. The confidential disclosure comes days before Elon Musk's SpaceX is set to...

U.S. confirms second Texas screwworm case, Canada restricts livestock imports

The U.S. Department of Agriculture confirmed a second case in Texas of New World screwworm, a flesh-eating parasite. The USDA said the U.S. food supply remains safe despite the detections. The Canadian Food Inspection Agency said it will temporarily...

U.S. confirms second Texas screwworm case, Canada restricts livestock imports

The U.S. Department of Agriculture confirmed a second case in Texas of New World screwworm, a flesh-eating parasite. The USDA said the U.S. food supply remains safe despite the detections. The Canadian Food Inspection Agency said it will temporarily...

Marvell Technology and Flex to join S&P 500 index, replacing Pool and Campbell's

Marvell Technology, which makes parts and products needed for the AI infrastructure boom, is joining the S&P 500 It is the latest semiconductor company to be added to the benchmark. Flex, a contract manufacturer for electronics, will also be added to...

Warren invites Nvidia CEO Jensen Huang to Senate hearing on China AI chip sales

Sen. Elizabeth Warren, D-Mass., invited Nvidia CEO Jensen Huang to testify before the Senate Banking Committee on June 11 about the chipmaker’s China business and U.S. export controls. CNBC is first to report the invitation to Huang. Nvidia’s AI chips...

Broadcom stock plunges 12% on weak so‏ware sales, unchanged AI chip forecast for the year

Broadcom reported weakerthan-expected revenue in its fiscal second-quarter earnings report on Wednesday. Leading up to the report, revenue has surged in recent quarters, driven by demand for custom AI chips. Broadcom reported weakerthan-expected...

Trump still protected from tax enforcement, but antiweaponization fund is dead, Blanche says

The Department of Justice will not operate a planned $1.8 billion compensation fund that was created to settle a lawsuit by President Donald Trump against the Internal Revenue Service, Acting Attorney General Todd Blanche testified to a House panel on...

Microso‏ and Google are late to AI coding, but 'absolutely critical' they compete for growth

Coding tools are becoming an increasingly big target for Google and Microso‏ as they try to catch Anthropic and OpenAI in the red-hot market. Microso‏ is gearing up for codingrelated announcements at its Build conference this week, following Google's...

U.S. and Iran still without deal to end war a‏er Trump says he's not in a 'hurry'

The U.S. and Iran have yet to ink an agreement to end the war that has dragged on into its fourth month, with President Donald Trump saying Saturday that he is in "no hurry" to make a deal. U.S. and Iranian negotiators have been working to reach a...

DOJ seeks Judge Eleanor Ross recusal in Georgia election case, citing reports she was disciplined

The Department of Justice on Friday asked a Georgia federal judge, Eleanor Ross, to recuse herself from a pending case involving election records, citing media reports identifying her as the judge who was disciplined for attending a victory party for a...

Postal Service proposes requiring states to provide mail-in ballot voter lists

The U.S. Postal Service proposed new mail-in ballot rules that would require states to submit voter names, addresses and unique ballot barcodes for federal elections. The proposal would set mandatory "best practices" for federal elections including...

AI part of another tech layo‏ as Wix CEO announces 20% workforce cut

Israel-based Wix is laying o‏ roughly 20% of its workforce, CEO Avishai Abrahami announced in a post on X. Abrahami cited the evolution of AI and exchange rates as reasons for the decision. Wix joins a wave of tech companies making…

Your AI agent can now trade for you on Robinhood. And buy stu‏ with you…

Robinhood unveiled tools that let AI agents trade stocks and make purchases on users' behalf. "Our mission has always been to democratize finance for all, and now, that mission extends to AI agents," CEO Vlad Tene…

Micron hits $1 trillion market cap for the first time as stock surges 19%

Micron topped a $1 trillion market value for the first time on Tuesday. Shares popped a‏er UBS nearly tripled its price target on the stock. Micron is among a new group of chipmakers benefiting from the shi‏ to agentic AI.

Estée Lauder surges in premarket a‏er Puig merger deal talks end

Estée Lauder's shares soared a‏er a potential merger with Spanish beauty group Puig fell through. Estée said on Thursday that it had decided to terminate a potential combination of the two family-owned beauty firms. Its stock is up soared on Friday,...

Estée Lauder surges in premarket a‏er Puig merger deal talks end

Estée Lauder's shares soared a‏er a potential merger with Spanish beauty group Puig fell through. Estée said on Thursday that it had decided to terminate a potential combination of the two family-owned beauty firms. Its sto…

Trump says Iran deal reopening Strait of Hormuz 'largely negotiated,' will be announced soon

President Donald Trump said a peace deal with Iran that would reopen the Strait of Hormuz is "largely negotiated" and will be announced shortly. A deal could end a conflict that has choked global energy markets and pushed U.S....

SpaceX will retry Starship test flight a‏er scrubbing prior launch

SpaceX will try to launch its massive Starship rocket again on Friday, a day a‏er the company scrubbed plans before takeo‏ to sort out technical issues. Earlier this week, SpaceX disclosed its IPO filing, setting the stage for what likely will be a...

SpaceX readies 12th test flight of massive Starship rocket as IPO looms

SpaceX is readying the 12th test flight of its massive Starship rocket, a landmark launch ahead of the company's planned IPO in June. Assuming no disruptions, Thursday's test flight will debut a third version of SpaceX's massive rocket, and will be...

AI boom reshu‏les global stock market pecking order as South Korea and…

A global reshu‏ling in stock market hierarchy is underway, with artificial intelligence redrawing the size rankings. Taiwan and South Korea have recently surged past a couple long-established Western countries.

European markets: UK unemployment rises; Germany kicks o‏ Uniper…

LONDON — European stocks closed higher on Tuesday as investors assess the geopolitical landscape and developments in the Middle East.

Musk slams Altman trial verdict as a 'technicality,' vows to appeal

A jury in Oakland, California, ruled against Elon Musk in his dramatic court battle with Sam Altman and OpenAI. Musk said, in a post on X, the decision against him was a "calendar technicality" and he would appeal. Musk sued Altman...

Trump warns Iran to 'get moving' or 'there won’t be anything le‏'

President Donald Trump threatened Iran to "get moving" or there "won't be anything le‏ of them." The U.S. and Iran remain at loggerheads in negotiations to end the conflict that has whipsawed the global economy and spiked U.S. gas...

For better or worse, investors are living through Trump’s stock market. Here's why

Ever since President Donald Trump has reentered the White House, the market has su‏ered rapid declines of meaningful size. Yet, the market has been more successful under the second Trump term than during other presidencies in...

Berkshire Hathaway returns to airlines with $2.6 billion stake in Delta Air Lines

Berkshire Hathaway added a sizeable stake in Delta Air Lines, marking the conglomerate's return to the airline industry after exiting the sector entirely during the Covid-19 pandemic in 2020. The Omaha-based company built a position worth more than...

Supreme Court allows mail-order of abortion pill mifepristone pending appeal

The Supreme Court on Thursday said it would allow mail orders of the abortion drug mifepristone pending the outcome of an appeal challenging that method of distributing the medication. The Supreme Court on Thursday said it would...

Cerebras prices IPO above expected range, as Wall Street braces for AI tsunami

Cerebras, a maker of artificial intelligence chips, raised at least $5.55 billion in its initial public o‏ering. Enthusiasm has been building for the company's debut, which could be followed later this year by much bigger o‏erings from SpaceX, OpenAI...

The stock market isn't ignoring Iran. It's rising for these three very real reasons

The stock market is once again at all-time highs, even with higher oil prices rippling its way through the global economy. There are fundamental reasons behind the comeback, including a resilient U.S. economy that isn't as reliant on...

Google says it likely thwarted e‏ort by hacker group to use AI for 'mass exploitation event'

Google's Threat Intelligence Group said hackers are using AI models such as OpenClaw to uncover and exploit zero-day so‏ware vulnerabilities. The group said in a report that it had uncovered and likely thwarted an AI-developed...

Netanyahu says Iran war is 'not over' as Trump rejects latest Iranian o‏er

Israeli Prime Minister Benjamin Netanyahu said the war with Iran is "not over," as the U.S. and Israel still aim to end Tehran's nuclear ambitions. Netanyahu's comments come ahead of President Donald Trump's travel to China later this week, where he's...

Nvidia embraces role of AI investor, pushing past $40 billion in equity bets this year

This week Nvidia agreed to invest up to $3.2 billion in glass maker Corning and $2.1 billion in data center operator IREN. It's part of the company's aggressive strategy to take stakes in companies up and down the AI infrastructure...

Rocket Lab surges 34% in best day ever on revenue beat, recordsetting launch deal

Rocket Lab's shares blasted to a record high a‏er the company topped first-quarter revenue estimates and announced its largest launch deal ever. Shares have quadrupled over the past year, benefiting from President Donald Trump's...

U.S. and Iran trade fire in Strait of Hormuz; each claims other shot first

The U.S. and Iran opened fire in the Strait of Hormuz, with each side claiming the other initiated the attack. U.S. Central Command in a statement said its forces "intercepted unprovoked Iranian attacks and responded with selfdefense strikes" as three...

Snap issues cautious guidance as Perplexity deal ends, Middle East 'geopolitical situation' causes uncertainty

Snap reported first-quarter earnings on Wednesday and provided cautious sales guidance while revealing it no longer has a deal with the generative AI startup Perplexity. The company said in the investor letter that its sales guidance...

AMD tops estimates for first quarter as data center revenue jumps 57%

Advanced Micro Devices reported first-quarter results that topped analysts' estimates. For the second quarter, the chipmaker said it expects about $11.2 billion in revenue, beating expectations. AMD's stock has more than…

Palantir tops estimates on 85% revenue growth, fastest expansion since market debut in 2020

Palantir's results topped Wall Street expectations, and the company also issued betterthan-expected guidance Revenue increased 85%, the company's fastest growth since its public market debut in 2020. The company reported revenue growth to U.S....

Trump says U.S. will 'free' ships trapped in Persian Gulf by Strait of Hormuz closure

President Donald Trump said the U.S. will attempt to "free" stranded cargo ships that have been trapped by the Strait of Hormuz closure since the war with Iran began. The e‏ort, which Trump dubbed "Project Freedom," is set to begin...

Musk testimony dominated first week Musk v. Altman. 'You can't just steal a charity'

The first week of the Musk v. Altman trial concluded on Thursday, with proceedings set to resume next week. Tesla and SpaceX CEO Musk testified over the course of three days, hammering home his argument that OpenAI's Sam Altman and Greg Brockman were...