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The Latest Breaking News from CNBC

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

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.

InsideEVs

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.

International Business Times

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read the most diverse news in one place.

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.

Fortune

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?

InsideEVs

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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.

Fortune

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

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 UK

Paramount, Skydance Reach Merger Agreement: Report

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

International Business Times

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

TV Tech

Paramount Agrees To Merger Terms With Skydance, Private Equity: Report

About half of class-B stockholders get $15 a share

Multichannel News

Super-sized prices! Here’s is how much a Big Mac, Chick-fil-A nuggets and Chipotle burrito cost thanks to inflation

“It’s so upsetting, because it goes against what we are expecting and what we have grown to love about fast food,” Kimberly Palmer, a personal finance expert said.

The Independent UK

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news in one place.

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The Independent UK

Nelson Peltz sells Disney stake weeks after Brooklyn Beckham’s billionaire father-in-law lost takeover battle

Peltz criticised the board for their failure to vet former CEO Bob Chapek

The Independent UK

Frontier Airlines CEO wants crackdown on imposters using wheelchairs on flights

‘There is massive, rampant abuse of special services. There are people using wheelchair assistance who don’t need it at all,’ CEO Barry Biffle says

Barchart

Stock Index Futures Plunge as Bond Yields Climb on Rate Fears, U.S. Inflation Data Awaited

June S&P 500 E-Mini futures (ESM24) are down -0.53%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.58% this morning as U.S. Treasury yields continued to rise following weak debt auctions, resilient consumer confidence data, and hawkish comments from a Federal Reserve official, while investors braced for key U.S.…

Barchart

Stock Index Futures Plunge as Bond Yields Climb, U.S. Inflation Data Awaited

June S&P 500 E-Mini futures (ESM24) are down -0.58%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.65% this morning as U.S. Treasury yields continued to rise following weak debt auctions and hawkish comments from a Federal Reserve official, while investors braced for key U.S. inflation data later this…

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news in one place.

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Fortune

Fed official says the U.S. has the 'luxury' to play the waiting game with inflation thanks to the strong labor market

The strong labor market is buying the Fed time to decide how many times it will cut rates—if at all.

Salon

Trump risks new E. Jean Carrol lawsuit

The former president tried to ridicule the writer’s claims even after she was awarded $91 million for defamation

Fortune

Buyers are gaining the upper hand in the housing market as top real estate CEO warns sellers on high asking prices: 'The sharks come out, and it will hurt you even more'

"It is a different environment. We are now seeing more sellers than buyers," Compass CEO Robert Reffkin said.

Android Central

News Weekly: The first Sonos headphones, Samsung's Unpacked lineup leaks, and more

A potential Samsung Unpacked lineup, Sonos launches its first ever headphones, Google quickly tries to patch an error in Private Space, iFixit ditches Samsung, and Alexa could be getting an AI upgrade.

Fortune

Passengers are pretending to be disabled to get fast-tracked through airports amid ‘rampant abuse’ of airport wheelchair services, Frontier CEO says

The discount airline is calling for a “wheelchair registration” system and legislation cracking down on those “abusing” the accessibility tool.

Fortune

Florida housekeepers are cleaning up with salaries up to $150,000 thanks to an influx of millionaires

Housekeepers in rich pockets of Florida such as Palm Beach are now commanding salaries of up to $150,000 a year, recruiting agencies reveal.

GoodToKnow

Paris Hilton’s expert-approved parenting rule that ‘bans’ her two kids from using one everyday item

The socialite is taking in all the expert advice she can when it comes to her parenting rules

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