Author: Editor-In-Chief
U.S. Secretary of Defense Pete Hegseth speaks during a press conference at the Pentagon on May 5, 2026, in Arlington, Virginia.Chip Somodevilla | Getty ImagesDefense Secretary Pete Hegseth said Tuesday that a fragile cease-fire with Iran remains in effect, a day after Iran attacked U.S. troops and a commercial vessel it was protecting in the Strait of Hormuz.”The ceasefire is not over yet,” Hegseth told reporters at a press conference at the Pentagon.Iran’s invasion came in response to the U.S. launch of Project Freedom, an effort to escort merchant ships out of the Persian Gulf, where many people have been…
Despite a cease-fire in the US-Israel war against Iran, tensions in the Gulf rose this week as both the US and Iran claimed to have fired on and damaged each other’s ships.After US President Donald Trump announced US plans to “guide” ships stranded in the Gulf into the Strait of Hormuz in an operation he dubbed “Project Freedom,” Iran said ships attempting to use the strait without permission from the Islamic Revolutionary Guards Corps (IRGC) would be shelled, raising fears of a return to war.President Trump did not provide details on how the U.S. military plans to ensure the safe…
Francis Ngannou has admitted that a fight with Jake Paul is firmly in his plans after the YouTube star invited him to a boxing match.Paul’s promotional company, MVP, is planning Ngannou’s big MMA match against Phillip Lince on May 16th, and “Problem Child” grabbed the microphone at the press conference announcing the event and issued a verbal challenge to the former UFC heavyweight champion. Ngannou admits he had not previously considered Paul as a future opponent, but now expects to return to boxing for the grudge fight. Use Chrome Browser for a more accessible video player Jake Paul has told…
Krutrim, India’s first GenAI unicorn, is moving away from AI model development to cloud services after months of relatively no product updates. This move reflects the difficult economic conditions for building large-scale AI systems. Kultrim said on Tuesday that it is moving to cloud services, adding that the transition follows a complete review of its business in late 2025, including the reallocation of capital and talent and the suspension of chip design work. The update comes more than a year after the Bangalore-based startup released the Krutrim-2 base model. The move follows a period of limited public activity for Krutrim,…
On April 20, 2026, U.S. forces patrol the Arabian Sea near the M/V Tuska after firing on an Iranian-flagged vessel that the U.S. accused of attempting to violate the U.S. Navy’s naval blockade of an Iranian port near the Strait of Hormuz.US Navy | Getty ImagesHello, my name is Leonie Kidd and I’m from London. Welcome to another edition of CNBC’s Daily Open. The Middle East’s fragile ceasefire is facing its biggest test yet, with attacks from Iran escalating dramatically overnight. For now, investors appear unsure of how to trade the latest developments. There’s still plenty of earnings to analyze,…
A Coinbase sign appears on a monitor during the company’s initial public offering on the Nasdaq Market site on April 14, 2021 in New York City.Robert Nickelsburg Getty Images News | Getty Imagescoinbase CEO Brian Armstrong announced Tuesday that the company will cut about 14% of its workforce, citing market volatility and how AI is rapidly changing the way the company operates. The move comes ahead of Coinbase’s first-quarter financial results, which the company is scheduled to release on Thursday. Shares rose nearly 4% in premarket trading. In a memo to employees shared early Tuesday, Armstrong explained that the decision…
Welcome to The Debrief. In his Sky Sports column, Adam Bate combines data and opinion to examine the key stories from the latest Premier League matches. this week: Mac Allister has physical issues but Gallagher will do his best to play a key role for Everton against City, playing a key role in Spurs’ roleMac Allister’s Old Trafford nightmareJamie Carragher’s statement that “Liverpool lack the physicality for the Premier League” was not a reference to a specific player, but Alexis Mac Allister appeared to sum it up during the 3-2 defeat to Manchester United. The Argentine player may feel a…
NEW DELHI, INDIA – MAY 04: Narendra Modi, leader of the Bharatiya Janata Party (BJP) and Prime Minister of India, arrives at the party headquarters for his victory speech and greets the nation on May 4, 2026 in New Delhi, India. The BJP has emerged victorious in the tally of assembly election results in West Bengal and Assam. (Photo credit: Imtiyaz Khan/Anadolu, Getty Images)Anadolu | Anadolu | Getty ImagesPrime Minister Narendra Modi’s Bharatiya Janata Party won a historic election victory in West Bengal state on Monday, tightening its grip on power as the country grapples with economic challenges and the…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Happy Tuesday. Yesterday was a busy day AmazonExecutives: CEO Andy Jassy joins CNBC’s “Mad Money” and Chairman Jeff Bezos becomes honorary co-chairman and lead sponsor of last night’s Met Gala.Stock futures are rising this morning after a losing day on Wall Street.Here are five important things investors need to know to start their trading day.1. Uncertainty is pervasive.US President Donald Trump speaks at the Small Business Summit in the East Room of the White House on May 4, 2026 in Washington, DC, USA.Kylie Cooper | ReutersTensions…
CEO Jacob Walser, Courtney Gibson, and Kamala Harris, the 49th Vice President of the United States, speak at the 2026 Power 100 Winners Dinner held at the Four Seasons Hotel Beverly Wilshire in Beverly Hills, California on May 3, 2026.Arnold Turner Getty ImagesThe Power 100 gathering, held on the sidelines of the Milken Institute World Congress, took on a different tone this year as diverse leaders in the financial industry fought to reclaim the narrative around people of color and women as participants.”We’re trying to show the world what success looks like,” said Jacob Walther, co-founder of Power100 and founder…