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The Latest Breaking News from CNBC

China Is Paying People Extra To Dump Their Gas Cars

To mitigate a long-running retail slump, China is making it even better to buy a "new energy vehicle."

InsideEVs

Ex-Marvel boss sells entire stake in Disney after losing board fight

Perlmutter was laid off in 2023 despite remaining Marvel CEO during Disney takeover

The Independent UK

Warner Bros. Discovery reportedly sues the NBA after 40-year partnership

CNBC says media giant will take the league to court.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

The 6 top VP picks for Kamala Harris, ranked from most to least business-friendly

The shortlist of strong contenders for Kamala Harris' vice presidential pick range from a former astronaut to a billionaire.

Fortune

Democratic Senators Raise Concerns Over T-Mobile's $4.4B US Cellular Deal

The senators think the consolidation of T-Mobile and US Cellular would have "far-reaching effects," reducing choices for consumers and potentially leading to higher prices.

International Business Times

Wiz Declines $23 Billion Google Takeover, Plans IPO

The cybersecurity startup Wiz declined a $23 billion takeover offer from Google, according to multiple reports Monday night, citing an internal memo.

Investors Business Daily

Delta Cancels More Flights As Fallout From Global IT Outage Continues

The airline cancelled 700 flights Monday, which comprise 19% of its mainline operation.

International Business Times

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Experts Say Trump In For Bigger Fight With Kamala Harris Slated To Replace Biden

Experts say that Donald Trump will be in a bigger fight in the event that Kamala Harris is nominated in August.

International Business Times

Planning a vacation? Here’s all the places that the locals don’t want you

If you’re getting ready to plan a trip, here are seven destinations to reconsider visiting as locals say they’re facing the consequences of overtourism, Katie Hawkinson reports

The Independent UK

David Pratt: Democrats face 'Hunger Games' type battle to choose new leader

BY the time this article goes to press, US president Joe Biden might well have stepped down from his re-election bid. While for now Biden remains…

The National (Scotland)

CrowdStrike shares plummet after bug causes worldwide IT outage

Wedbush senior equity analyst Dan Ives called the outage a “black-eye moment” for CrowdStrike, which serves hundreds of Fortune 500 companies.

Fortune

Demand For Mortgage Refinance Hits Two-Month High As Rates Drop

The Mortgage Bankers Association compared the demand for refinancing between the previous week and last week, showing an increase of 15% in the latter.

International Business Times

A San Francisco politician has a plan to flip its 'ghost town' status—and it involves four days a week in the office

The Golden Gate city can’t get back on its feet if its most valuable earners keep logging on from home, mayoral candidate Mark Farrell says.

Fortune

TSMC Shares Dip After Trump Declares Taiwan Should Pay US For Defense

TSMC is now recognized as the largest and most advanced chipmaker in the world. It manufactures essential chips for Apple and Nvidia.

International Business Times

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InsideEVs

GM Won't Hit 1 Million EV Target in 2025: 'Market Not Developing'

GM CEO Mary Barra announced that the company won't hit its production capacity goal by 2025, but she remains optimistic that EV market share will continue to grow.

The Independent UK

Amazon sellers lament losing key spot on website ahead of Prime Day after competitor’s deal on their products

Retailers looking to boost sales with discounts during Target’s promotional Circle Week found that the deals inadvertently caused them to lose Amazon’s coveted ‘buy box’

Sports Illustrated

Charles Barkley Calls Out ‘Greedy’ Players, Owners for Not Thinking of Fans

Barkley laments increasing cost to watch games for the regular fan.

Samsung’s bringing back Bixby with new AI superpowers

Bixby hasn't retired: Samsung's personal digital assistant will be back with an AI bang

Get all your
news in one place.

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Fortune

Delta CEO says the Olympics is turning tourists off Paris

The Atlanta-based carrier has especially felt tourist’s aversion to the major sporting event because it services more American travel to France than any other US airline.

The Independent UK

Delta says it will lose $100 million as tourists skip Paris because of the Olympics

This year’s Summer Olympics in Paris runs from July 26 through August 11 with 15 millions visitors expected

Android Central

Samsung confirms a massive Gen AI overhaul for Bixby is inbound

Samsung's TM Roh confirmed that a massive Gen AI update will hit Bixby in 2024.

The Independent UK

Costco is raising its membership fee for the first time in years - but the hot dog price remains

This is the first membership price hike that Costco has announced in seven years

Salon

IRS goes after rich tax cheats, nets $1B

The Biden administration’s $60 billion in additional IRS funding has reinvigorated the agency’s enforcement effort

TechRadar

Samsung is bringing AI to Bixby this year

Samsung's Bixby assistant could soon get much smarter, as the company plans to infuse it with AI.

International Business Times UK

Nvidians Say CEO Jensen Huang Is 'Demanding' And 'Not Easy To Work For', He Says 'That's The Way It Should Be'

Nvidia CEO's demanding style fuels success, but experts say it could be more empathetic for long-term wins.

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