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Perplexity CEO tells CNBC one metric will determine who wins the AI race
The companies that can provide the most economic value from the power their AI uses will ultimately command the highest valuations, Perplexity CEO Aravind Srinivas told CNBC on Wednesday.Srinivas said that whichever company can provide…
India’s central bank may hike rates to defend its currency
People walk past Reserve Bank of India signage in front of an installation stall at Global Fintech Fest in Mumbai, India, on Aug. 28, 2024.Indranil Aditya | Nurphoto | Getty ImagesIndia's central bank may defy expectations that it will…
Trump pushes back on reports U.S.-Iran talks collapsed
APA Corporation's Beryl Alpha oil platform in the North Sea.Courtesy: APA CorporationOil prices rose Wednesday as investors weighed uncertainty over U.S.-Iran talks with the two countries launching fresh strikes Tuesday, even as…
Democrats aren’t focused on Trump impeachment ‘at this moment’
House Minority Leader Hakeem Jeffries speaks during the CNBC CEO Council Summit in Washington on June 2, 2026.CNBCHouse Minority Leader Hakeem Jeffries said Tuesday that Democrats are not focused on impeaching President Donald Trump if…
U.S. proposes fresh tariffs on 60 economies over forced labor trade
People watch as the Doris Ocean container ship departs from the Port of Los Angeles on May 28, 2026 in Los Angeles, California. Mario Tama | Getty ImagesThe Office of the U.S. Trade Representative has proposed additional tariffs of up to…
Supreme Court lets Alabama use congressional map diluting Black vote
The U.S. Supreme Court is seen on May 28, 2026 in Washington, DC. Kevin Dietsch | Getty ImagesThe Supreme Court on Tuesday night allowed Alabama to use a new map for congressional districts that a lower federal court ruled was…
U.S., Iran intensify attacks as ceasefire frays, peace talks stall
A ship remains anchored on May 16, 2026 in the Strait of Hormuz near Larak Island, Iran. Negotiations between the U.S. and Iran over opening this critical waterway have largely stalled as the countries have rejected each other's…
Trump gets tax protection, but DOJ fund is dead: Blanche
The Department of Justice has permanently abandoned plans for a $1.8 billion anti-weaponization compensation fund created to settle a lawsuit by President Donald Trump against the Internal Revenue Service, acting Attorney General Todd…
Bitcoin drops back under $70,000, Strategy extends its slide
Bitcoin on Tuesday fell below $70,000 for the first time since April amid deteriorating market sentiment.The price of the flagship cryptocurrency was last lower by more than 6% at $67,014.97, according to Coin Metrics. Earlier, it fell…
Pulte not ‘competent’ for intelligence director role
U.S. Senator Bill Cassidy (R-LA) speaks as U.S. Health and Human Services Secretary Robert F. Kennedy Jr., testifies before a Senate Finance Committee hearing on President Donald Trump's 2026 health care agenda, on Capitol Hill in…