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Representative James Comer, Republican of Kentucky and chairman of the House Oversight and Accountability Committee, speaks to members of the media ahead of a closed-door deposition with Secretary of Commerce Howard Lutnick (not pictured) on Wednesday, May 6, 2026, in Washington, DC.Al Drago | Bloomberg | Getty ImagesRep. James Comer (R-Ky.), chairman of the House Oversight and Government Reform Committee, announced on CNBC’s “Squawk Box” on Friday that he is seeking information from the CEOs of Carsi and Polymarket about their efforts to prevent insider trading on their platforms.Comer’s investigation is the latest in a series of attempts by Congress…

Check out the companies making the biggest moves in intraday trading: Quantum stocks — Shares of quantum computing companies soared after a Wall Street Journal report that the government plans to give $2 billion in subsidies to nine companies. The deal also includes government stock, the report said. Righetti Computing soared more than 30%, DWave Quantum soared 22% and Quantum Computing rose 13%. IonQ rose 9%, IBM rose 7% and GlobalFoundries rose 11%. Rare Earth Stocks — Rare earth stocks extended their rebound from a selloff tied to concerns about China’s export restrictions. US Rare Earths rose 7% after announcing…

summary A satirical “Cockroach Party” has gained millions of supporters in India after the Supreme Court judge’s controversial remarks. India’s youth are using the viral movement to protest high unemployment and political discontent. South Asia has seen a number of youth-led movements responding to anger over corruption and inequality. AI-generated summaries were reviewed by CNN editors. The spiny, long-legged and often reviled cockroach has become a symbol of unlikely dissent among India’s Generation Z, a sharp rebuke of the establishment in the world’s largest democracy. In less than a week, the Cockroach Janta Party (its name is a satire of…

U.S. President Donald Trump speaks during a presentation with Environmental Protection Agency (EPA) Administrator Lee Zeldin in the Oval Office of the White House on May 21, 2026 in Washington, DC. Kent Nishimura | AFP | Getty ImagesPresident Donald Trump announced Thursday that his administration is postponing the signing of his long-awaited executive order on the artificial intelligence industry.Trump told reporters in the Oval Office that the event, scheduled for late Thursday afternoon, was postponed “because I didn’t like certain aspects.”The United States is ahead of China and the rest of the world in AI, and “we don’t want to…

US President Donald Trump announced plans to deploy an additional 5,000 troops to Poland.President Trump announced the surprise deployment on social media late Thursday, citing his friendship with Poland’s right-wing president Karol Nawrocki.Recommended stories list of 3 itemsend of listThe move comes days after plans for a deployment to Poland were apparently scrapped, deepening uncertainty over the Trump administration’s approach to NATO allies and its long-term commitment to maintaining a military presence in Europe. This makes it increasingly unclear which areas European partners should prioritize when formulating their defense strategies.”Given the successful election of Karol Nawrocki, the current president of…

President Donald Trump speaks during a presentation with Environmental Protection Agency Administrator Lee Zeldin (not pictured) in the Oval Office of the White House on May 21, 2026 in Washington.Kevin Lamarque | ReutersPresident Donald Trump on Thursday announced a postponement of two Biden administration-era EPA refrigerant rules, arguing the measure would reduce costs for businesses and save consumers money at the grocery store. The administration estimates that American businesses and families will save more than $2.4 billion under the new rules. “Our actions will help companies choose the refrigeration system that works best for them, saving them billions of dollars,”…

A ship anchors and an Iranian flag waving in the wind in the Strait of Hormuz near Larak Island, Iran, on May 16, 2026.Majid Saidi | Getty Images News | Getty ImagesThe United States and Iran have signaled progress in talks to end the war, but the militants remain at odds over Iran’s enriched uranium stockpile and tolls through the strategic Strait of Hormuz.US Secretary of State Marco Rubio said on Thursday there were “good signs” that a deal to end the conflict was on the horizon, but warned that such a deal would become “unfeasible” if Iran pursues permanent…

Nvidia CEO Jensen Huang introduced Vera Rubin, a next-generation AI data center platform, and Rubin Ultra, a next-generation AI GPU architecture, during a keynote address at the company’s annual GTC developer conference on March 16, 2026 in San Jose, California. Josh Edelson | AFP | Getty ImagesNvidia CEO Jensen Huang has far exceeded even the most optimistic forecasts for spending on AI.During an earnings call Wednesday night, Hwang said he believes AI capital spending could reach up to $4 trillion.”Capex is at $1 trillion and increasing towards $3 trillion to $4 trillion (trillion dollar level),” he said, speaking only of…

British police investigating Andrew Mountbatten-Windsor have renewed their appeal for information about possible misconduct involving King Charles III’s younger brother. Thames Valley Police announced on Friday that they were investigating “many aspects of wrongdoing” and speaking to “numerous” witnesses after the US Department of Justice released files on the late sex offender Jeffrey Epstein. In addition to the misconduct charges, police said they were also investigating reports that a woman was taken to an address in Windsor for “sexual purposes” in 2010. Police said in February that they were aware of such reports and were evaluating the information. Investigators have…

(This is CNBC’s Power Insider newsletter, giving you an inside look at the investments, people and companies that power the global energy industry. Click here to subscribe.)power pointWhat we heard from energy stakeholdersOil prices have hit new highs this week, with media outlets quoting President Trump as saying Iran negotiations are in the “final stages”. But that’s not the real reason. The real trigger was that ships began passing through the Strait of Hormuz. As soon as hedge funds started seeing an increase in traffic, oil prices started falling, even before the Trump headlines hit.Sure enough, oil prices rose on…