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Commodities regulator alleges Winklevoss' Gemini crypto exchange was politically targeted
The chairman of the Commodity Futures Trading Commission said it's correcting a flawed enforcement action against Gemini Space Station, the crypto exchange run by the Winklevoss brothers, alleging caught up in a broader campaign against the crypto industry under the Biden administration. "The Biden administration weaponized the federal agencies against the crypto industry and many other industries," Michael Selig said Tuesday in a CNBC "Squawk Box" interview. "They politically targeted...
GOP Sen. Tillis slams Trump intelligence pick Pulte: 'Don't think he has a prayer'
Republican Sen. Thom Tillis on Wednesday blasted President Donald Trump's pick to lead the U.S. intelligence community as an "incendiary attack dog" and said he has no path to being confirmed by the Senate. The remarks on CNBC's "Squawk Box" from the retiring North Carolina senator added to the growing backlash against Bill Pulte, the current head of the Federal Housing Finance Agency, whom Trump appointed acting director of national intelligence on Tuesday. "I don't think he has a prayer"...
Jeff Bezos wants people to stop blaming Airbnb for high rents in New York city
Jeff Bezos recently appeared on CNBC's Squawk Box where he said that if Amazon were to run the way New York City runs its school system, packages would take weeks to arrive. During the same interview, the Amazon founder pushed back against claims that Airbnb is responsible for high rents in New York City. Jeff Bezos argued that the short-term rental platform is not the reason housing costs remain elevated.
Food supply 'not at risk' after new Texas screwworm cases, USDA secretary says
The U.S. food supply is "not at risk" from the return of the flesh-eating screwworm parasite to Texas, U.S. Department of Agriculture Secretary Brooke Rollins said on Monday. "This is not a virus, it's not a disease, it's just a little pest, a larva that lands in a calf's wound, for example, and it can be treated," Rollins said in an interview on CNBC's "Squawk Box." "We have boots on the ground … we'll be able to beat this back, but we're going to do everything we can, investing over a...
AI will help young workers 'mature' faster by automating grunt work, Thoma Bravo says, amid youth job crisis
Thoma Bravo's billionaire founder says AI will transform junior workers' roles by eliminating grunt work, despite growing concerns about the technology's impact on entry-level roles. Orlando Bravo, the founder of software-focused private equity firm Thoma Bravo, discussed how the role of junior associates is changing as the company increasingly utilizes AI, in a conversation with CNBC's Annette Weisbach at the SuperReturn conference in Berlin on Tuesday. The jobs of junior associates will...
USDA Secretary Rollins calls Texas ag chief 'unserious' amid screwworm threat
Agriculture Secretary Brooke Rollins on Monday called Texas Agriculture Commissioner Sid Miller "unserious" after he criticized the USDA's response to the growing threat from the flesh-eating New World Screwworm. Miller, who lost the March Republican primary in a bid for a fourth term despite winning President Donald Trump's endorsement, has repeatedly slammed the USDA's response after the parasitic pest was detected in Texas last week. He has argued that the federal department acted too...
Oil exports through the Strait of Hormuz might not return to levels seen before the Iran war
The oil market might face a new reality after the Iran war in which exports through the Strait of Hormuz do not return to the levels once considered normal, as shipowners now have to weigh the risk that fighting could abruptly break out in the volatile Persian Gulf. And Western commercial ships will likely hesitate to sail through Hormuz if it remains under Iran's de facto control, especially if they have to coordinate with the Revolutionary Guard, putting them at risk of violating U.S....
U.S., Iran intensify attacks as ceasefire frays, peace talks stall
U.S. Central Command said Tuesday that it had defeated multiple Iranian ballistic missiles and drones and launched defensive strikes in response to "attempted attacks" by Iran, the latest in a cycle of attacks that has further threatened a fragile ceasefire. Iran had launched several ballistic missiles toward regional neighbors, though none hit their intended targets, according to a statement from CENTCOM. Two Iranian missiles fired at Kuwait fell short or broke apart en route, and three...
Abel goes his own way with new Berkshire investments, including billions for AI
(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) ABEL GOES HIS OWN WAY WITH NEW INVESTMENTS IN HOME BUILDING ... AND AI Buffett praises new CEO for 'fast' and 'smooth' acquisition Warren Buffett tells CNBC's Becky Quick new Berkshire Hathaway CEO Greg Abel has "launched" with his first major deal, the $6.8 billion acquisition of Taylor Morrison Home, a...
Investors bet humanoid robots will transform industry and homes over the next decade
Softbank CEO Masayoshi Son told CNBC this week that physical AI and robotics were where he saw the next trillion-dollar company emerging from. Humanoid robots, designed to mimic human movement and capabilities, have been hitting headlines in recent years, from their use as baggage handlers at Japanese airports to Tesla's big bet on its Optimus humanoid. Market watchers have predicted that the machines will change the world over the next decade and forecast that the industry will grow...