US President Donald Trump said on Thursday he had cancelled planned military strikes against Iran after negotiations with Tehran reached what he described as the highest levels of the Iranian leadership and received approval from all parties involved. “Based on the fact that discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership and approved, I h...
US President Donald Trump said on Thursday he had cancelled planned military strikes against Iran after negotiations with Tehran reached what he described as the highest levels of the Iranian leadership and received approval from all parties involved. “Based on the fact that discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership and approved, I have, as President of the United States of America, cancelled the scheduled strikes and bombings...
AI firm Anthropic is planning to lease and manage its own data centers and is seeking financial backing from Alphabet's Google for the lease payments, The Information reported on Thursday. • Anthropic, the creator of the Claude Code AI assistant, has signed more than a dozen preliminary agreements to lease U.S. data centers with a combined capacity of more than 1 GW, The Information reported, ...
AI firm Anthropic is planning to lease and manage its own data centers and is seeking financial backing from Alphabet's Google for the lease payments, The Information reported on Thursday. • Anthropic, the creator of the Claude Code AI assistant, has signed more than a dozen preliminary agreements to lease U.S. data centers with a combined capacity of more than 1 GW, The Information reported, citing sources with direct knowledge of the plans. • The AI startup's executives have also discussed an arrangement under which backer Google, which co-designs some of the server chips Anthropic could use in the facilities, would provide a financial guarantee for its lease payments, the report said.
A former artificial intelligence engineer at Elon Musk ’s xAI is suing the company, alleging that he was wrongfully fired for raising concerns about the safety of the firm’s Grok chatbot. In a lawsuit filed in California state court, Devin Kim claimed he repeatedly complained to his supervisors that the company was failing to prioritize safety while developing Grok. Kim says he was fired in Septem...
A former artificial intelligence engineer at Elon Musk ’s xAI is suing the company, alleging that he was wrongfully fired for raising concerns about the safety of the firm’s Grok chatbot. In a lawsuit filed in California state court, Devin Kim claimed he repeatedly complained to his supervisors that the company was failing to prioritize safety while developing Grok. Kim says he was fired in September 2025, ahead of a planned presentation to xAI leadership about safety issues. Kim’s claims come months after a global uproar over widespread usage of Grok to digitally undress people. Since then, regulators across Europe have sought to place limits on Grok. Some consumers, including influencer Ashley St. Clair , the mother of one of Musk’s children, have sued the xAI. The company said in January that it disabled Grok’s ability to create sexualized images of real people and that it was “committed to making X a safe platform for everyone.” In his suit, Kim said that, while working on a project, he found that Grok “tended to discriminate against certain racial groups while favoring others.” He said he flagged the observation to his supervisors in various reports. Kim said he was also concerned that Grok could give users guidance on bomb-making or creating bioweapons. “Mr. Kim believed that xAI’s disregard for AI safety was unlawful,” his lawyers said in the lawsuit. Noting the undressing scandal, they added, “Mr. Kim’s concerns about xAI’s model were not only well-grounded but proved remarkably prescient.” Read more: Grok’s Sexualized Images Test the Limits of AI Oversight The complaint also names SpaceX, xAI’s parent company, which is set to have its blockbuster initial public offering on Friday. The AI unit was at the center of the IPO’s roadshow, with Musk touting AI satellites, data centers and a frontier lab that will help him create a vertically integrated AI conglomerate. Neither xAI nor SpaceX immediately responded to requests for comment on Kim’s suit. Before joini...
Alibaba Group Holding ( BABA ) is extending its losing streak for a seventh consecutive session, with shares down 2.24% at $111.77 in Thursday afternoon trading. On a year-to-date basis, Alibaba shares have fallen over 24.66%, significantly underperforming the broader market, with the S&P 500 Index up 6.22% so far in 2026. The weakness comes after Beijing rebuked major e-commerce platforms over mi...
Alibaba Group Holding ( BABA ) is extending its losing streak for a seventh consecutive session, with shares down 2.24% at $111.77 in Thursday afternoon trading. On a year-to-date basis, Alibaba shares have fallen over 24.66%, significantly underperforming the broader market, with the S&P 500 Index up 6.22% so far in 2026. The weakness comes after Beijing rebuked major e-commerce platforms over misleading discount campaigns, including Alibaba and JD.com, raising regulatory concerns around pricing practices and competitive behavior in China’s online retail sector. The comments added to investor caution, with sentiment further pressured by ongoing scrutiny of large internet companies. Similarly, investor sentiment was also impacted after the U.S. Department of Defense included Alibaba on its updated Section 1260H list of Chinese military-linked companies, a designation that does not impose immediate sanctions but could increase regulatory scrutiny and restrict future U.S. government-related business exposure. According to Seeking Alpha’s Quant System , BABA carries a Hold rating with a score of 3.08 out of 5, supported by strong profitability (A+), moderate growth (B+), and weak momentum (D). However, Wall Street sentiment remains more optimistic, with 38 analysts rating the stock a Buy or higher, 2 rating it a Hold, and only 1 recommending a Sell or lower. Seeking Alpha analysts also maintain a Buy stance on the stock, reflecting longer-term confidence despite near-term price pressure. More on Alibaba Alibaba: Consolidated Revenue Growth Will Be Much Higher In FY2027 Alibaba Is Becoming An AI Giant Alibaba: Cloud's Promise Sustains, But The Stock Is Pricey Still Alibaba, JD.com shares fall as Beijing rebukes misleading discount campaigns Ant International eyes $1B capital raise from Silver Lake, General Atlantic - report
US President Donald Trump during a signing ceremony for the "Secure America Act" in the Oval Office of the White House in Washington, DC, US, on Wednesday, June 10, 2026. Aaron Schwartz | Bloomberg | Getty Images President Donald Trump on Thursday canceled the U.S. military's latest round of strikes against Iran, claiming, "Discussions and final points have been, in both concept and great detail, ...
US President Donald Trump during a signing ceremony for the "Secure America Act" in the Oval Office of the White House in Washington, DC, US, on Wednesday, June 10, 2026. Aaron Schwartz | Bloomberg | Getty Images President Donald Trump on Thursday canceled the U.S. military's latest round of strikes against Iran, claiming, "Discussions and final points have been, in both concept and great detail, approved by all parties involved." But the U.S. Naval blockade of Iranian ports in the Gulf of Oman will "remain in full force and effect until this Transaction is finalized," Trump wrote in a Truth Social post. The president has claimed for months that a peace deal with Iran is close at hand, but no agreement has been signed. "Based on the fact that discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership and approved, I have, as President of the United States of America, cancelled the scheduled strikes and bombings against Iran this evening. Discussions and final points have been, in both concept and great detail, approved by all parties involved, including the United States, Israel, Saudi Arabia, UAE, Qatar, Turkey, Pakistan, Bahrain, Kuwait, Jordan, Egypt, and others. The Naval Blockade will remain in full force and effect until this Transaction is finalized — Time and place of the signing to be announced shortly." Stock indexes soared and oil prices sank right after Trump's announcement. Just a few hours earlier, Trump warned on social media that the U.S. would attack Iran "VERY HARD TONIGHT," and would soon take control of Iran's oil infrastructure assets, including Kharg Island. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
The man charged in the political assassinations of the top Democrat in the Minnesota House and her husband, as well as the non-fatal shootings of a state senator and his wife, pleaded guilty in federal court on Thursday after prosecutors said they would not seek the death penalty. Vance Boelter was charged with murdering Minnesota House Speaker Melissa Hortman and her husband, Mark Hortman, and wi...
The man charged in the political assassinations of the top Democrat in the Minnesota House and her husband, as well as the non-fatal shootings of a state senator and his wife, pleaded guilty in federal court on Thursday after prosecutors said they would not seek the death penalty. Vance Boelter was charged with murdering Minnesota House Speaker Melissa Hortman and her husband, Mark Hortman, and with shooting state Senator John Hoffman and his wife, Yvette Hoffman. Boelter came to their doors in...
Federal regulators proposed the first rules for prediction markets Wednesday, targeting contracts tied to terrorism, assassination, war, and betting on video games.
Federal regulators proposed the first rules for prediction markets Wednesday, targeting contracts tied to terrorism, assassination, war, and betting on video games.
It has been a difficult year for financial stocks, as everything from fintechs to banks to asset managers has been hurt by market volatility, economic headwinds, and uncertainty. While many financial stocks have been waiting for interest rates to come down to spur more investment and economic activity, there is one financial stock that is completely fine if rates stay right where they are -- Inter...
It has been a difficult year for financial stocks, as everything from fintechs to banks to asset managers has been hurt by market volatility, economic headwinds, and uncertainty. While many financial stocks have been waiting for interest rates to come down to spur more investment and economic activity, there is one financial stock that is completely fine if rates stay right where they are -- Interactive Brokers (NASDAQ: IBKR) . Image source: Getty Images. Continue reading
President Donald Trump on Thursday signaled a potential diplomatic breakthrough involving Iran, saying a planned U.S. military operation had been halted as negotiations advanced toward what he described as a finalized agreement involving multiple countries across the Middle East. In a post on Truth Social, Trump said he had “cancelled the scheduled strikes and bombings against Iran this evening” a...
President Donald Trump on Thursday signaled a potential diplomatic breakthrough involving Iran, saying a planned U.S. military operation had been halted as negotiations advanced toward what he described as a finalized agreement involving multiple countries across the Middle East. In a post on Truth Social, Trump said he had “cancelled the scheduled strikes and bombings against Iran this evening” after discussions with the Islamic Republic reached senior Iranian leadership and received approval. He added that negotiations had progressed significantly, with “discussions and final points” now completed in both concept and detail. According to Trump, the framework has been endorsed by a broad coalition of regional and international stakeholders, including the United States, Israel, Saudi Arabia, the United Arab Emirates, Qatar, Turkey, Pakistan, Bahrain, Kuwait, Jordan, and Egypt. He did not provide specific details about the substance of the agreement or the concessions made by the parties involved. Trump also indicated that enforcement measures would remain in place until the arrangement is formally completed. “The naval blockade will remain in full force and effect until this transaction is finalized,” he wrote. The president added that the timing and location of a formal signing ceremony would be announced soon, suggesting that negotiators may be nearing the final stage of a broader regional accord involving Iran and several key U.S. partners. Market Tracking ETFs: ( DIA ), ( DDM ), ( DOG ), ( DXD ), ( SDOW ), ( SPY ), ( VOO ), ( IVV ), ( RSP ), ( SSO ), ( UPRO ), ( SH ), ( SDS ), ( SPXU ), ( QQQ ), ( QQQM ), ( TQQQ ), ( QID ), and ( SQQQ ). More on markets Top 10 most oversold S&P 500 stocks ETFs are ready for liftoff as SpaceX IPO fuels interest in space stocks Over 40% of S&P 500 stocks trade below their 200-day MA amid selloff Market pullback is viewed as a healthy pause, Morgan Stanley says - 15 dividend stocks to watch as downward momentum grips Wall Street
AI's land‑grab era is giving way to hard questions about costs, pricing power, and semiconductor cyclicality. Discover why rising model prices, tighter supply chains, and shifting unit economics may reshape the winners and losers in this space by watching the video below. *This video was published on May 29, 2026. Continue reading
AI's land‑grab era is giving way to hard questions about costs, pricing power, and semiconductor cyclicality. Discover why rising model prices, tighter supply chains, and shifting unit economics may reshape the winners and losers in this space by watching the video below. *This video was published on May 29, 2026. Continue reading