CNBC

Russia's economy has defied the skeptics. Cracks are getting harder to hide

Russia's wartime economy is under growing strain as its budget deficit widens and analysts warn pressure could intensify next year....

3 hours ago

Nvidia discloses $21 billion stake in SpaceX at end of second quarter

Nvidia's stake in SpaceX, which came through an investment in xAI, was worth about $21 billion at the end of the second quarter....

10 hours ago

Trump family-backed crypto firm World Liberty gets conditional bank charter approval

The OCC conditionally approved World Liberty Trust Company’s national trust bank charter. That would allow the Trump family-backed firm to issue stablecoins....

11 hours ago

Regulators and banks step up scrutiny of prediction markets

The CFTC is reviewing prediction betting platforms' so-called mention markets, people familiar with the matter confirmed to CNBC....

13 hours ago

OpenAI talent exodus raises 'huge red flag' ahead of IPO

OpenAI's C-suite turnover gives investors another reason for concern as the company pushes toward a mammoth IPO....

14 hours ago

Group including Jeff Bezos buys minority stake in Liverpool FC, with option to become controlling owner

The group that includes Jeff Bezos has an option to become the majority shareholder within the next year....

15 hours ago

Luigi Mangione pleads guilty in federal case related to UnitedHealthcare CEO killing

Mangione's lawyers are expected to argue his federal plea means he cannot be prosecuted in state court for Brian Thompson's slaying due to double jeopardy....

16 hours ago

Disney CEO Josh D'Amaro tells CNBC parks were 'big surprise' in last quarter, company has 'clarity' and 'stability'

New CEO Josh D'Amaro has said his strategy for continued growth at Disney is centered around storytelling, intellectual property and technology....

17 hours ago

Wisconsin, Michigan primaries expose limits of polls and prediction markets

It's the second time in just over a week that polls and prediction markets' odds were off, following a miss in the Democratic U.S. senate primary in Michigan....

17 hours ago

Drone stocks rally after Trump orders tariffs on foreign-made components

The U.S. is looking to scale defense manufacturing and chip away at China's drone dominance....

18 hours ago

How a niche copper trade became a real-time gauge of Trump’s next tariff move

The widening price of copper between two metals exchanges is offering investors a gauge of U.S. tariff risk....

19 hours ago

‘Absolutely unacceptable’: Japan PM Takaichi condemns Putin’s visit to disputed Kuril Islands

Japan protested Vladimir Putin’s first visit to the disputed Kuril Islands, escalating tensions over territory claimed by both Tokyo and Moscow....

20 hours ago

Treasury yields are little changed as U.S. threatens Iran with more economic sanctions

U.S. Treasury yields were relatively unchanged on Friday after the U.S. said its naval blockade of Iranian ports could continue "indefinitely."...

20 hours ago

Data centers in space could be a new frontier for insurers — if they can price the risk

The push to build data centers has moved to lower Earth orbit, and insurers could be facing a new market with plenty of complexity....

21 hours ago

NATO aircraft shoot down drone over Latvia, which blames 'Russian electromagnetic warfare'

NATO fighters shot down a foreign drone over Latvia as Finland briefly restricted airspace and sea areas amid heightened Baltic security concerns....

21 hours ago

Nintendo shares pop 7% after 'Pokémon Pokopia' sales top 5 million

Nintendo has been grappling with rising memory prices which forced the company to raise prices of its Switch 2 console which went on sale just over a year ago....

23 hours ago

AI’s infrastructure boom is getting more leveraged — and harder to track

AI’s infrastructure boom is increasingly being funded through bonds, leases and private capital, while leveraged investors add another layer of market risk....

1 day ago

Trump ally Nigel Farage wins special election to return to UK parliament

Farage stepped down last month to trigger the special vote amid controversy over his finances....

1 day ago

China built robots that can do backflips – but can they make money?

Unitree’s IPO will gauge investors’ appetite for a technology that has yet to prove its commercial viability amid intensifying geopolitical tensions....

1 day ago

U.S. to use economic tactics on Iran 'that have never been seen'; Navy works to relieve troubled carrier USS Abraham Lincoln

"It will be a combination of economic isolation like ‌the world has never seen before, and the continued blockade in ‌the Strait of Hormuz," Bessent said....

1 day ago

Uber partners with China's Pony.ai for 2,000 robotaxis in Europe

The rollout comes as robotaxi fleet sizes become increasingly critical for commercialization....

1 day ago

From Apple to Ford: How Chinese tech is becoming harder for global companies to ignore

Global companies are increasingly tapping Chinese technology for its growing capabilities and scale, even as geopolitical risks remain....

1 day ago

Reddit stock jumps on inclusion in S&P 500

Reddit shares jumped on the company's inclusion in the S&P 500....

1 day ago

Apple's Tim Cook joined by Howard Lutnick in opening Houston manufacturing plant

As Tim Cook gets set to step down as Apple CEO, he's offering a glimpse into what he may be doing as chairman....

1 day ago

These charts show why stocks keep rallying. Profit margins are the highest on record

Recent FactSet data show that the rise in earnings is not coming from sales growth alone....

1 day ago

Trade court upholds Trump's closure of 'de minimis' loophole

President Donald Trump in a Truth Social post celebrated the continued closure of the deminimis exemption as a "BIG WIN."...

1 day ago

Workday skyrockets 18%, trading halted multiple times on report of Silver Lake takeover

Workday investors have been on edge over the prospect of AI disrupting its business model...

1 day ago

Cisco shares slide 9% despite earnings beat and stronger-than-expected guidance

Cisco is showing booming demand for AI infrastructure, but its results weren't good enough to satisfy investors....

1 day ago

OpenAI revenue chief Denise Dresser leaving, second major executive departure in days

Denise Dresser's sudden departure could be a major blow to OpenAI as it pursues a blockbuster IPO....

1 day ago

Trump-linked oil venture delays Greenland drilling plans after government warning

Greenland Energy Co. and joint venture partner 80 Mile have delayed planned oil drilling in Greenland until winter 2027....

1 day ago

Democrats demand Trump reveal stock managers, explain suspicious trades

Warren and Garcia said they sought answers from Trump to inform their work on potential legislation to ban presidents from owning individual stocks....

1 day ago

'Big Short' investor Steve Eisman sees an Achilles heel in the AI boom

Steve Eisman is warning that the artificial intelligence boom has become increasingly dependent on the fortunes of just two companies: OpenAI and Anthropic....

1 day ago

Wholesale prices were flat in July, below expectations for 0.2% increase

The producer price index was expected to increase by 0.2% in July, according to the Dow Jones consensus....

1 day ago

Goat herding hedge: How Susquehanna and Kalshi are helping this company offset a change in California law

A goat herding business facing higher wage costs turned to prediction market platform Kalshi to hedge and help offset the possible expense....

1 day ago

Treasury yields dip as Wall Street awaits wholesale inflation data

U.S. Treasury yields dipped on Thursday as Wall Street digested the inflation print for July and looked ahead to further readings due later in the session. ...

1 day ago

Oil prices drop as investors weigh falling demand against Middle East tensions

Oil futures retreated early Wednesday morning after prices rose overnight....

1 day ago

In pictures: Europe's best solar eclipse since 1999

A total solar eclipse crossed Iceland and Spain on Aug. 12, while much of Europe saw a partial eclipse and businesses benefited from demand....

1 day ago

World’s largest jeweler bets on platinum despite falling silver prices, CEO tells CNBC

Pandora is moving ahead with platinum-plated jewelry as it seeks to reduce its exposure to volatile silver prices despite the metal's recent decline....

1 day ago

‘Hormuz remains blocked’: Iran disputes Trump claims as traffic sinks to near 3-month lows

The Persian Strait Gulf Authority said "the Strait of Hormuz remains blocked and will not be reopened until Iran's conditions are accepted."...

2 days ago

Maersk shares jump 7% after shipping giant smashes profit estimates and hikes outlook

Danish shipping giant Maersk on Thursday posted stronger-than-expected quarterly profit and raised its full-year earnings guidance....

2 days ago

South Korea’s Kospi has staged a stunning comeback. How long will the bull market last?

South Korea's Kospi has staged a reversal from its latest rout, returning to bull-market territory as investors piled back into the semiconductor giants that dominate the index....

2 days ago

This Chinese firm has topped Micron and Kioxia in shipments of crucial NAND memory chips

Counterpoint Research looked at the NAND segment of memory chips, which is benefitting along with the larger DRAM segment from artificial intelligence demand....

2 days ago

Goldman says Japan's $1 trillion of reserves leaves 'plenty of capacity' for further yen interventions

Japan has enough cash at its disposal for a couple more rounds of yen-buying on the scale of last month's intervention, Goldman Sachs says....

2 days ago

South Korea's Kospi swings from bear to bull-market territory in just over a month on AI trade

South Korean stocks rallied on Thursday, pushing the benchmark Kospi into a technical bull market....

2 days ago

EVs dominate China’s car market: 5 takeaways from the country's latest auto sales data

The China Passenger Car Association released data Tuesday showing penetration of new energy vehicles rose in July. Tesla's Model Y remained popular....

2 days ago