CNBC

Abel: Two ways Berkshire hopes to cash in on AI

Berkshire Hathaway CEO Greg Abel tells CNBC the company is pursuing AI opportunities on two paths....

36 minutes ago

This enhanced geothermal project aims to unlock gigawatts of power to fuel the data center boom

Power demand in the U.S. is rising. Fervo Energy bets that its project in Utah will prove that enhanced geothermal can be part of the power mix going forward....

1 hour ago

Italy's Meloni just hit a major political milestone. Former leaders say economic reform must follow

Italian Prime Minister Giorgia Meloni's government became the country's longest-serving cabinet since World War II on Friday....

7 hours ago

A living room unlike any other—how to gather and connect like Gloria Steinem, says expert

Steinem's living room "cracked open opportunities to lend support, let ideas flow, and build trust face-to-face," says journalist and author Allison Gilbert, founder of More Connected....

13 hours ago

U.S. sanctions Turkish bank accused of enabling Iran as Bessent says he 'hopes for' no further bank penalties

President Donald Trump hyped the sanctions plan as "economic D-Day" against Iran, but the U.S. has so far taken few steps to implement it....

16 hours ago

Mike Khouw: Cybercabs are a game changer—here's how I'm trading Tesla

The strategist at YieldMaxETFs breaks down how a bullish bet on Tesla could pay off for options traders....

16 hours ago

Trump says he will spend up to $500 million of 'my money' to help Republicans in midterms

Trump's pledge would dramatically increase MAGA Inc.’s spending after the Trump-aligned PAC kept most of its $403 million war chest on the sidelines....

17 hours ago

Women accounted for almost all of job gains in August. Here's why

Women accounted for virtually all of August's payroll gains, the latest sign of their growing power in the labor market....

18 hours ago

Labor Day marks the start of 'fallcations' as wealthy travelers avoid summer crowds

Wealthy travelers are moving their typical summer getaways to autumn....

19 hours ago

WBNA Commissioner Cathy Engelbert to retire at the end of 2026

Engelbert oversaw a period of unprecedented growth for the WNBA, but has faced criticism from players over her leadership....

21 hours ago

Trump tells Fed to slash rates or he'll end trade with countries with U.S. surpluses

President Donald Trump demanded that the Fed slash interest rates or else he will cut off trade with countries with which the U.S. maintains trade deficits....

22 hours ago

2-year yield rises to highest since January 2025 after hot jobs report boosts expectations that the Fed could raise rates

Treasury yields rose as the hot jobs report along with sticky inflation may give the Fed more cover to hike interest rates in September....

1 day ago

U.S. payrolls rose 162,000 in August, much more than expected; unemployment rate at 4.1%

Nonfarm payrolls were expected to increase by 53,000 in August while the unemployment rate held at 4.1%, according to the Dow Jones consensus....

1 day ago

The big business of personal protection: How private security became a $50 billion industry

Private security spending and guard employment have climbed as companies and communities respond to high-profile attacks, even as violent crime falls....

1 day ago

The wealth of the world's billionaires reached $15.1 trillion last year, per a new report

The global billionaire count hit a record of 3,795 people last year, with the biggest wealth gains for the richest of the rich, per a recent Altrata report....

1 day ago

Nvidia becomes one of world's biggest strategic tech backers as equity investments soar to $99 billion

Nvidia reported $99 billion in equity holdings as it backs AI labs, cloud providers and infrastructure companies across the sector....

1 day ago

Argentina's Milei escalates Falklands dispute as Trump questions U.S. support for Britain

Argentina's President Javier Milei has renewed the country's claim to the Falkland Islands and threatened sanctions on oil companies....

1 day ago

Global bond sell-off likely not over yet, Mohamed El-Erian tells CNBC

In a wide-ranging interview, the renowned economist also said the U.S. Treasury had taken "a step too far" with its market intervention....

1 day ago

World's biggest sovereign wealth fund plans to cut U.S. Treasury holdings

Norway's $2.3 trillion investment fund says it can diversify into new areas with greater risk and returns....

1 day ago

India’s June quarter GDP print is courting controversy. Here’s why

India's forecast-beating economic growth has come under scrutiny after a former government official claimed that the GDP print is overstated....

1 day ago

The inflation genie could be out of the bottle — and bond markets are sounding the alarm

Global bond yields have surged as investors assess whether rising debt, tariffs, defense spending and energy shocks could keep inflation higher for longer....

1 day ago

Shein has made a shaky stock market entry. Can it get its mojo back?

Shein’s Hong Kong IPO puts the focus on how the fast-fashion retailer can reaccelerate growth as its low-cost model faces new pressures....

1 day ago

EU joins U.S. sanctions push on Iran as South Korea weighs Hormuz deployment

The bloc's endorsement came as the Group of 20 finance ministers and central bank governors gathered in Asheville, North Carolina, earlier this week....

1 day ago

South Korea's AI rally is reshaping romance, reality shows and academic preferences

South Korea rally is changing what Koreans watch, how Koreans date, and what Koreans study....

1 day ago

Trump-promoted Freedom Fuel expands to Detroit as lawsuit over supplier's unpaid fuel heats up

Freedom Fuel won free publicity when President Donald Trump urged other gas retailers to emulate its low prices in July....

1 day ago

Adobe names Anil Chakravarthy as CEO, replacing Shantanu Narayen

Adobe announced Anil Chakravarthy as its next CEO, replacing Shantanu Narayen, who announced his departure last March....

1 day ago

Here's why Jim Cramer is putting Costco stock in the penalty box

Jim Cramer said Thursday that "something's wrong" at Costco, and he plans to get to the bottom of it one way or another....

1 day ago

Options volume erupts in retail trading favorites as Robinhood, Tesla surge

Options traders are kicking off the historically worst month for stocks by piling on bullish bets on a handful of retail trading favorites....

1 day ago

What's behind Nvidia buying Hugging Face? A past Microsoft deal offers clues

This is nothing new to the world of Big Tech....

1 day ago

Automakers urge Congress to permanently ban Chinese connected vehicles in U.S.

Major automakers in the U.S. are urging Congress to ban the domestic sale, import and manufacturing of Chinese connected vehicles, hardware and software....

1 day ago

Big lessons from 12 stock exits, including Cramer's biggest-ever disappointment

For stock investors, 2026 has meant constantly adjusting to geopolitical and economic pressures — and most importantly, protecting profits....

1 day ago

'No steering wheel, no pedals': Tesla teases fans ahead of long-awaited Cybercab update

Tesla first unveiled the Cybercab almost two years ago, and fans of the company have been waiting to hear more....

1 day ago

Leon Black sues House Oversight over Epstein probe subpoenas, won't appear Thursday

Black's attorneys say the NDAs being sought by the panel have nothing to do with his dealings with notorious sex offender Jeffrey Epstein....

1 day ago

Billionaire family offices back healthcare and biotech startups in August

The personal investment firms of titans like Stanley Druckenmiller are backing innovations in gene editing, drug discovery and more....

1 day ago

Fed Governor Waller indicates he will support holding rates steady at September meeting

In remarks that seem to contrast with statements last week from Chairman Kevin Warsh, Waller expressed confidence in the current inflation trends....

2 days ago

Hugging Face approached Nvidia's Huang about an acquisition a few weeks ago, CEO tells CNBC

Nvidia CEO Jensen Huang said that with Hugging Face, the chipmaker will "expand access to AI for developers and institutions worldwide."...

2 days ago

Anthropic's distillation battle turns to the dark web as China concerns swell

Foreign adversaries have been illegally accessing American AI systems to train competing technology, and selling copycat versions at a lower price....

2 days ago

China hits back at G20 statement on its reliance on exports, accusing them of 'promoting protectionism'

China rejected G20 pressure over export-driven growth while also challenging U.S. Iran sanctions and European trade measures....

2 days ago

Yen jumps to one-month high as traders weigh chance of further intervention

U.S. Treasury Secretary Scott Bessent told CNBC on Monday he believed Japanese authorities would take action to lead to a stronger yen....

2 days ago

Hidden China risks are emerging in America’s multibillion-dollar AI data center boom

U.S. AI data centers rely on China-linked supplies of transformers, batteries and optical gear as Washington moves to tighten restrictions on foreign equipment....

2 days ago

Putin floats 'chance' at peace with Ukraine as NATO chief warns Russia is becoming 'increasingly reckless' 

Putin said peace with Ukraine remains possible while calling Kyiv’s warning on Russian airspace “state terrorism,” as NATO flags fresh risks....

2 days ago

Dutch central bank moves gold bars out of U.S. and Canada, citing ‘crisis preparedness’

DNB said gold stored with the Bank of England is more readily tradable, allowing it to be deployed more quickly in a severe crisis....

2 days ago

Iran attacks U.S. bases in Kuwait as Trump says renewed Mideast hostilities will not last 'too long'

On Thursday, Kuwait's army said it was confronting hostile missile and drone attacks from Iran....

2 days ago

The world appears to be entering a higher-rate era. Here’s who will pay the price

The bond sell-off is owed to a mix of high government debt issuance, an oil-price shock that has reignited inflation concerns, and expectations of higher rates....

2 days ago

Google starts September with AI momentum after longest monthly losing streak in over a decade

After a slow but extended selloff on Wall Steet, Google began September with renewed momentum, helped by new AI models....

2 days ago

Inside India newsletter: India’s economic growth is smashing forecasts, but its biggest stocks aren't feeling the love

India's strong economic growth has surprised every quarter for the last year, but the performance of its key stock benchmarks has been deeply disappointing....

2 days ago

J&J's run to record highs hasn't reached the finish line yet. Here are the key drivers

Jim Cramer agrees with UBS: The rally in Johnson & Johnson shares still has room to run....

2 days ago

Jim Cramer says investors aren't ditching tech — they just want cheaper stocks

CNBC's Jim Cramer said investors aren’t abandoning AI or technology stocks — they’re rotating out of high-multiple names and into cheaper stocks....

2 days ago

Microsoft to start disclosing Azure quarterly revenue as company consolidates business units

Microsoft will begin reporting quarterly Azure revenue in dollars for the first time, providing more clarity about its business that competes with AWS....

2 days ago

NBA suspends Clippers owner Ballmer for one year in Kawhi Leonard salary cap probe

The NBA also fined the Los Angeles Clippers $30 million and said the team will forfeit five first-round picks, one in each year in drafts starting in 2029....

2 days ago