Iran-backed hackers breach FBI director Kash Patel's personal emails
A hacker group shares Patel’s purported resume and photos of him on its website along with a statement that says, “This is just our beginning.”
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New York's wealth tax battle: Here's what to know
New York City will be the latest battleground in the fight to raise taxes on the wealthy. CNBC’s Robert Frank join ‘Squawk Box’ with the details.
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Rubio says US expects to finish Iran war 'in next couple of weeks'
Marco Rubio said US allies were open to helping escort ships through the Strait of Hormuz, which Iran has closed and threatened to charge fees for.
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How damaging is screen time for under fives and how do I manage it?
How do you manage screen time, does it have a bad impact and what steps can you take to mitigate the problem?
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Revolut reports record 2025 profit as it gears up for U.S. push
British fintech Revolut on Tuesday reported a record annual pretax profit, as it ramps up plans to expand into the U.S. following its long-awaited granting of a full U.K. banking license earlier this month.
Profit before tax rose 57% to £1.7 billion ($2.3 billion) in 2025, compared to £1.09 billion in 2024. Group revenue increased by 46% to $6 billion, which the company said was in part due to the performance of its business banking services, accounting for 16% of total income.
The startup, which hit a $75 billion valuation in 2025, is one of Europe’s most valuable private tech companies. Founded in 2015, Revolut says it operates in 40 markets globally.
“We have built a diversified, resilient business that is profitable at scale, providing the foundation for our next phase of growth,” said Cofounder and CEO Nik Storonsky in a statement.
“As we transition into a truly global bank, we are proving that our technology-driven operating model continues to drive rapid expansion and record profitability. A decade into this journey, we have only just begun to show what is possible.”
Total customer balances rose 66% to $67.5 billion as Revolut’s retail customer base grew by 30% to 68.3 million and business customers increased 33% to 767,000.
The neobank says it wants to reach 100 million customers by mid 2027.
U.S. push
Earlier in March, Revolut announced it had secured a full U.K. banking license after a lengthy back-and-forth between the company and the Prudential Regulation Authority.
It unlocks Revolut’s ability to offer a new range of products in the country, including lucrative lending, a market dominated by traditional banks. Revolut also launched full banking operations in Mexico in January.
The company is now gearing up for major global expansion.
Geographic growth beyond Europe will become the “next frontier of focus” for the company once it finalizes the launch of a U.K bank, Chief Financial Officer Victor Stinga said in a conference call with media.
Revolut filed for a U.S. Bank Charter in March, which if granted, would mark another significant regulatory milestone. The charter would allow the company to operate across all 50 U.S. states under one regulatory framework, alongside offering personal loans and credit cards.
Two Cuba-bound aid ships missing after leaving Mexico
Mexico’s navy launches a rescue mission for ships delivering aid to Cuba, strained by food and fuel shortages amid a US embargo.
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Fikayo Tomori in line to start for England against Uruguay
Fikayo Tomori is in line to start for England in Friday’s friendly against Uruguay, with John Stones an injury doubt.
AC Milan defender Tomori, 28, is on standby to start at Wembley in England’s penultimate game before Thomas Tuchel selects his squad for the World Cup.
Stones has a calf injury which was still being assessed on Friday.
When asked whether he would need to be 100% sure of Stones’ fitness to pick him for the World Cup, Tuchel told BBC Sport: “Yes, I guess so, but he came here and he was fit, then he feels something, so if we call him up there might be the chance he maybe misses out on a match at short notice.
“We have other top central defenders, but he can still play a part, with his energy and with his quality, but first of all I want him to be in camp as a player. Let’s see how this camp continues and how it plays out.”
Tomori would win his sixth England cap if he plays on Friday, his last appearance coming in a 2-0 win over Malta in 2023.
The Three Lions face Uruguay on Friday, with a home game against Japan on Tuesday.
Luxury giants lose billions in market value amid Middle East conflict
The Iran war is rattling the global luxury industry. Stocks like LVMH and Hermès have shed an estimated $100 billion in combined market value since late February. The Middle East, last year’s fastest-growing luxury market at a growth rate of 6% to 8%, is now facing deep uncertainty. Dubai’s booming millionaire population and elite retail scene made it a crown jewel for luxury brands. CNBC’s Robert Frank explains what’s to come for the Middle East’s luxury market during the ongoing conflict in Iran.