CNBC

Megayacht Amadea sold for $187 million to Dubai billionaire with Trump ties

The sale of the Amadea caps a turbulent and controversial history for the 348-foot yacht, which was seized from a sanctioned Russian oligarch....

1 week ago

Warner Bros. Discovery reports 10% jump in streaming revenue ahead of proposed Paramount combination

Warner Bros. Discovery's streaming segment surpassed $3 million in revenue for the second quarter, marking a 10% increase from the year prior...

1 week ago

Peloton posts first ever annual net profit, but shares drop as outlook disappoints

Peloton delivered its first ever annual profit in fiscal 2026 but it's still working to generate sales growth as consumers pull back on big ticket purchases....

1 week ago

Restaurant Brands International earnings beat as Burger King's U.S. business soars

Burger King's U.S. business reported same-store sales growth of 8.5%....

1 week ago

Hadrian valued at nearly $8 billion after fresh funding as money pours into defense tech

Hadrian is one of a number of defense tech startups raising large sums and benefiting from President Trump's plans to upgrade the U.S. military....

1 week ago

SoftBank posts profit beat boosted by $8.2 billion investment gain from Intel

SoftBank on Thursday reported profit for its fiscal first quarter that beat market expectations....

1 week ago

Asian tech stocks drop with SK Hynix plunging 10% after Wall Street AI names fall

Despite heightened volatility analysts remain optimistic over the outlook of the tech sector, with J.P. Morgan saying the tech sell-off had not derailed the AI investment cycle....

1 week ago

Bain Capital to acquire bubble tea chain Gong cha as rival MBK grapples with regulatory pressure at home

Bain Capital announced it will acquire Gong cha as MBK faces regulatory pressure in South Korea....

1 week ago

JPMorgan's Jamie Dimon warns of high leverage: 'Somebody will disrupt the market'

JPMorgan Chief Executive Officer Jamie Dimon warned that leverage across financial markets remains elevated, adding that investors should be mindful that hidden borrowing could amplify market disrupti...

1 week ago

U.S. ready to return to 'commitments,' Iran says, after Trump signals deal is near

However, he denied that Tehran was in talks with Washington, despite claims by Trump to the contrary....

1 week ago

CNBC Daily Open: Iran, Oman in talks on Hormuz; SpaceX is loyal to Nvidia on AI

Optimism over a Strait of Hormuz deal pushed the Dow to a record high and its fifth positive day in a row, while oil extends a cooling trend....

1 week ago

Inside India newsletter: What's behind India’s rush to sell shares in state-owned firms

India is ramping up stake sales in state-owned companies to keep the growth engine running amid growing fiscal constraints...

1 week ago

Jim Cramer says investors should consider buying SpaceX for their kids

CNBC’s Jim Cramer said investors should view SpaceX as a multigenerational investment, whose biggest opportunities may take decades to fully materialize....

1 week ago

Hollywood is cranking out billion-dollar movies again. 'Spider-Man' just joined the ranks

Box office analysts say the resurgence of billion-dollar releases bodes well for a film industry that's still chasing pre-Covid levels, even with higher prices....

1 week ago

SpaceX ramps up Tesla Megapack purchases in Q2 to power its AI data centers

SpaceX is using Tesla's big Megapack backup batteries to help power its Colossus AI data centers in Greater Memphis....

1 week ago

Flutter shares plummet on earnings miss and another key leadership change

FanDuel, Flutter's most important business, has been losing its dominance in market share in the United States....

1 week ago

E.l.f. Beauty sees $50 million windfall in tariff refunds as profits surge 100%

E.l.f. Beauty received $50 million in tariff refunds during its fiscal first quarter, leading profits to nearly double....

1 week ago

Marc Benioff gets a new operating chief, as Salesforce promotes Miguel Milano

Salesforce promoted revenue head and former Oracle executive Miguel Milano to role of operating chief....

1 week ago

Trump admin refunds $100 billion in 'liberation day' tariffs

The Trump administration has taken steps to effectively re-create the IEEPA tariff regime using other legal authorities. They already face court challenges....

1 week ago

How Disney parks are bucking a travel slowdown

Disney posted record quarterly revenue at its parks division despite a continued slump in international travel to the U.S....

1 week ago

Google chief scientist Jeff Dean leaving in AI reshuffle after 27 years at company

Google's AI divisions are getting reshuffled, the search giant announced on Wednesday....

1 week ago

Bank of America spends $250 million a year on GLP-1 drugs for its employees, CEO says

Employers have grappled with soaring demand for GLP-1 drugs such as Ozempic and Wegovy, which can cost thousands of dollars per patient annually....

1 week ago

Situational Awareness hedge fund meltdown was a warning shot for leveraged markets, BofA CEO says

Bank of America was among the prime brokers for the hedge fund, which is run by Leopold Aschenbrenner....

1 week ago

Abdul El-Sayed wins Michigan Democratic Senate primary as voters pivot to the left

Abdul El-Sayed won the Michigan Democratic Senate primary, setting up a context with former Rep. Mike Rogers in the November general election....

1 week ago

Eli Lilly easily tops quarterly estimates, raises outlook as Zepbound and Mounjaro sales surge

Eli Lilly now expects 2026 revenue to come in between $85 billion and $87 billion, up from a previous guidance of $82 billion and $85 billion....

1 week ago

Private companies added just 44,000 workers in July, below expectations, ADP reports

Hiring at private companies slowed considerably in July, with most of the job growth coming health care....

1 week ago

Uber issues weaker-than-expected bookings, earnings forecasts for third quarter

Uber's earnings were in line with estimates, but the company's guidance for the third quarter trailed expectations....

1 week ago

Disney tops earnings estimates as parks and streaming offer a boost

Disney reported growth at its domestic theme parks and cruises despite mounting macroeconomic uncertainty for consumers....

1 week ago

Oil prices move higher after Yemen's Iran-backed Houthis claim Saudi tanker strike

Crude prices rose Wednesday after Yemen's Houthis claimed they had struck a Saudi Arabian oil tanker in the Red Sea....

1 week ago

AMD plummets 8% in premarket trading despite beating expectations

The chip giant has been a big beneficiary of the AI boom, with stock trading 132% up so far in 2026....

1 week ago

Hormuz deal could be agreed today as Trump hails ‘very good’ Iran talks

U.S. Central Command said the "southern route of the Strait of Hormuz remains free and open"...

1 week ago

SpaceX dives 10% after AI spending surge rattles investors

CEO Elon Musk said SpaceX would hit $1 trillion in annual revenue in 2030 versus a previous forecast of 2031 as he looked to strike an bullish tone....

1 week ago

Novo Nordisk's raised forecast fails to change the debate over its obesity business

Wall Street isn't convinced the Ozempic maker has a promising path back to sustainable growth as competition from Eli Lilly intensifies....

1 week ago

India's central bank keeps benchmark rates steady, cites 'moderate' core inflation

The Reserve Bank of India has kept interest rates unchanged amid creeping inflation....

1 week ago

GM, Chinese automaker extend joint venture for 20 years despite geopolitical tensions with U.S.

GM said the deal will focus on domestic sales of Buick and Cadillac models in China and exporting Chevrolet products built in China for non-U.S. markets....

1 week ago

SpaceX's AI spending unnerves Wall Street despite promises of quick payoff

In addressing Wall Street for the first time since SpaceX's IPO, executives tried to make the case that hefty AI investments are paying off within a year....

1 week ago

SoftBank jumps 10% as Asia tech stocks track Wall Street AI rally

Asian technology stocks rallied on Wednesday after Wall Street's record-setting session fueled optimism around artificial intelligence and growth stocks....

1 week ago

China's super-rich 'in shock' and hunting for cash as Beijing issues surprise tax on offshore trusts

Beijing's move to tax offshore trusts, long used by China's ultra-rich to hold money, has set off a rush to lawyers and a scramble for cash....

1 week ago

Europe's heatwave isn't cooling Asian travelers' holiday plans for the continent

Asian travelers' appetite for Europe remains resilient despite record-breaking heat, with spending in Northern Europe projected to increase....

1 week ago

Lucid begins 'operational reset' as CEO says EV maker will delay midsize vehicle

The company didn't provide updated guidance. New CEO Silvio Napoli earlier this year suspended production expectations....

1 week ago

Pinterest shares fall on lukewarm sales guidance

Pinterest reported better-than-expected earnings and revenue for the second quarter, though its forecast was online in line with estimates....

1 week ago

The stock market soars. 5 reasons behind the big surge Tuesday

The Dow had its best day in nearly two months and the S&P 500 rose to new highs....

1 week ago

TikTok users are sharing the items they say are always worth the money—here's what financial planners say

Financial planners weigh in on a recent trend on TikTok that has users sharing the items they swear are always worth the money....

1 week ago

Oil prices tumble after Bessent says Strait of Hormuz deal may come this week

Treasury Secretary Scott Bessent said a deal to reopen the Strait of Hormuz would allow freedom of navigation....

1 week ago

Chipotle stock falls on potential link to salmonella outbreak in Minnesota

Chipotle has pulled the affected supply from restaurants and replaced them with peppers from different growers, according to the company....

1 week ago

New Jersey sues Amazon on antitrust grounds, alleging it unlawfully wielded its power over delivery contractors

The complaint alleges Amazon's third-party delivery model leads to lower wages, unfair working conditions and a lack of competition....

1 week ago

Philadelphia Fed President Paulson content with rates at current level, but keeping an open mind

Paulson said voting with the majority last week wasn't a tough decision....

1 week ago

Procter & Gamble will acquire supplements brand Thorne for $3.8 billion, CEO tells CNBC

P&G CEO Shailesh Jejurikar said the acquisition is play to grow the company's health business on CNBC's "Squawk on the Street."...

1 week ago

Blanche approved by Judiciary Committee, sending Trump's AG nominee to full Senate vote

Attorney General nominee Todd Blanche will still need to receive 50 votes on the Senate floor to be confirmed after clearing the Senate Judiciary Committee....

1 week ago

Why Michigan voters are hearing 'communist' as they vote Tuesday

President Donald Trump and Republican allies are escalating attacks that label Democrats communists after progressive candidates won elections and primaries....

1 week ago