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Bluesky was launched as a Twitter rival — but it's far less popular. Now it's eyeing Reddit for inspiration
Bluesky, the social media platform that originated within Twitter, rose to prominence as a rival to the network after Elon Musk acquired the company and rebranded it as X. But, two years since its launch, the site has around just 10% of X's estimated global users. Bluesky's Chief Operating Officer Rose Wang told CNBC that the site saw its future not in rivalling X, but in taking inspiration from the online community forum Reddit. "The world is changing rapidly, and we're not trying to build...
Fragile ceasefire in jeopardy as Iran reportedly fires missiles at Israel
Iran on Sunday reportedly fired missiles at Israel, as a tenuous ceasefire between Washington and Tehran hangs in the balance. The reports of missile fire from Iran come after the Iranian Parliamentary Speaker, MB Ghalibaf, said in a post to X that the U.S. "naval blockade and violation of agreements regarding Lebanon" amount to violations of the ceasefire. The White House confirmed to MS NOW that President Donald Trump has been briefed on renewed fighting after Iran fired a missile at...
Trump administration plans to drop DOJ's $1.8B 'lawfare' fund, reports say
The Trump administration plans to drop the Department of Justice's $1.8 billion "Anti-Weaponization Fund" in the face of legal and political pushback to it, reports said Monday. The fund was created as part of a settlement of President Donald Trump's $10 billion lawsuit against the Internal Revenue Service. It is intended to compensate people who were purportedly victims of prosecutorial overreach by the DOJ under the Biden administration.
Trump administration, OpenAI discussing possible government stake in the AI startup
OpenAI CEO Sam Altman and the White House are in ongoing talks about a possible government stake in the artificial intelligence company, CNBC confirmed on Friday. The discussions have been in progress for more than a year, as Altman first shared the idea with the Trump administration in 2025, according to a source familiar with the matter who asked not to be named because the details are confidential. The talks continued this week as Altman met with a range of lawmakers and officials in...
Trump says 'I love the inflation' after consumer price index hits 3-year high
President Donald Trump on Wednesday said, "I love the inflation" after being asked if he was concerned about new consumer price index data that showed the annual inflation rate at 4.2%, a three-year high. Trump, speaking with reporters in the Oval Office, also predicted that inflation is "going to come down like a rock" after the United States' war against Iran is over. The president linked that prediction to a confusing statement about the U.S. "taking" oil and ships.
Nuclear weapons could soon be hosted in more NATO nations — what it means for defense stocks
The U.S. is said to be considering expanding its nuclear weapons-hosting capability to more European NATO member states. Six NATO member countries — the U.K., Germany, Italy, the Netherlands, Belgium and Turkey — currently form part of the alliance's nuclear weapons-sharing arrangements, and are approved to host U.S. dual-capable aircraft capable of deploying nuclear missiles. But this group could now be expanded to include additional NATO countries in Europe, according to the Financial...
Despite explosion Blue Origin CEO says rocket to fly before year-end
Despite explosion Blue Origin CEO says rocket to fly before year-end Andrew Zinin Lead Editor The CEO of Blue Origin vowed its New Glenn rocket "will fly again before the end of this year" after a recent ground test ended in a massive fireball that damaged the launch platform. That ambitious promise from CEO David Limp, announced in a post late Monday on X, follows last week's colossal explosion at Cape Canaveral, Florida. It was a major setback for Blue Origin, the company founded by...
LinkedIn co-founder Reid Hoffman is leaving Microsoft's board after almost a decade
Microsoft said Friday that LinkedIn co-founder Reid Hoffman, is leaving the software company's board of directors after almost a decade. Hoffman, 58, informed the board of his decision not to run for reelection on Tuesday, Microsoft said in a filing. He will remain a director until Microsoft's annual meeting, which will be held at the end of the year.
Hezbollah launches rockets at Israel, testing US-mediated deal
Hezbollah launches rockets at Israel, testing US-mediated deal Iran-backed Hezbollah said in a statement it had fired a rocket salvo at an Israeli troop position in northern Israel, the first time it had announced a cross-border missile attack since Monday. Lebanon has emerged as a focal point of the regional crisis this week, with the risk of further escalation looming over efforts to seal a deal between Iran and the United States. Tehran insists Israel halt Lebanon attacks under any agreement.
Oil prices: Crude rises amid uncertainty over US-Iran negotiations & Hormuz reopening
Oil prices increased slightly on Tuesday amid ongoing uncertainty over talks between the United States and Iran and speculation around the potential reopening of the Strait of Hormuz, one of the world's most critical energy transit routes. Brent crude futures rose by 0.06% to $95.04 a barrel, while US West Texas Intermediate declined slightly by 0.18% to $91.99 a barrel in early trade. Oil markets held on to most of the previous session's strong gains after sharp fluctuations driven by...