CNBC

Trump appoints committee to investigate statements by the Fed's Lisa Cook

Trump tried to fire Cook, a nominee of former President Joe Biden, but the Supreme Court blocked his first attempt....

1 week ago

ICE won't pause enforcement in NY after Bronx shooting, DHS's Mullin says

New York Gov. Kathy Hochul said she asked Homeland Security Secretary Mullin and President Donald Trump to immediately halt ICE operations in her state....

1 week ago

Hurricane Isaias disrupts U.S. oil production in Gulf of Mexico, threatens refineries

The hurricane could tighten a fuel market that is already facing big disruptions from the wars in Eastern Europe and the Middle East....

1 week ago

Treasury's Bessent hires Trump's controversial former Fed board pick, Judy Shelton, as advisor

Shelton's controversial economic ideas led the Senate to block her nomination to the Fed. Now she's going to be a counselor to the Treasury secretary....

1 week ago

Ferrari’s chairman is bullish on AI. He’s less certain how businesses will cash in

Ferrari chair John Elkann played down AI bubble fears, but acknowledged investment in the technology could outpace revenue generation....

1 week ago

Delta Air Lines cuts 2026 forecast on fuel surge, but CEO says demand is still strong

Delta Air Lines reported third-quarter earnings and missed Wall Street estimates for the first time in two years....

1 week ago

Nobel Peace Prize awarded to former International Criminal Court judge Navanethem Pillay

Navanethem "Navi" Pillay was awarded the Nobel Peace Prize on Friday for her work promoting peace and international law....

1 week ago

OpenAI defends decision to fire researchers: 'These decisions were not about raising safety concerns or speaking out'

OpenAI has defended its decision to fire three safety researchers for what the AI lab has described as a "significant breach of trust"...

1 week ago

'Real boss of India?': Elon Musk takes aim at Indian billionaire Ambani as Starlink launch stalls

Musk claimed Starlink was not being allowed to launch in India despite spending five years complying with every single law and requirement of the government....

1 week ago

Nvidia-backed Aussie AI firm Firmus withdraws historic IPO, citing market volatility

Nvidia-backed Australian AI data center operator Firmus has withdrawn its planned IPO amid market volatility....

1 week ago

U.S. East Asian envoy says investors are overpricing Taiwan risk, calls Xi a 'very rational actor'

Investors are overestimating the risk of conflict across the Taiwan Strait, a U.S. diplomat says, playing up deterrence to keep Beijing from taking the island....

1 week ago

Tokenization could unleash tens of billions of dollars in trapped capital, Nasdaq CEO says

Nasdaq CEO Adena Friedman said tokenization could free up tens of billions of dollars in trapped capital....

1 week ago

SpaceX deal to acquire spectrum license hammers shares of AT&T, Verizon and T-Mobile

SpaceX agreed to purchase a nationwide spectrum portfolio as it to pushes its Starlink service deeper into the U.S. telecommunications market....

1 week ago

Nvidia, Oracle, CoreWeave and other AI stocks sink on OpenAI revenue report

OpenAI has told investors that it hit roughly $50 billion in annualized revenue at the end of September, CNBC confirmed....

1 week ago

Why a Starbucks takeover of Chipotle would — and wouldn't — make sense for both companies

Starbucks has reportedly been working with advisers on a takeover proposal for Chipotle, but a potential deal comes with pros and cons for investors....

1 week ago

Treasury yields are lower after reaching multiyear highs, traders weigh latest bond auction

Traders digested comments from a top Federal Reserve official while awaiting another long-dated bond auction....

1 week ago

Trump says U.S. will not attack Iran before midterm election

1 week ago

Trump bought up to $25 million in Meta and millions in SpaceX debt in August

Trump disclosed 517 August trades, including up to $5 million in debt from SpaceX, a major Pentagon contractor and NASA launch provider....

1 week ago

Sports gambling seeps even deeper into Wall Street's world as hundreds of pro team ETFs emerge

Sports teams are big businesses, but new exchange-traded funds that allow investors to bet on MLB and NHL team performance look more like gambling, experts say....

1 week ago

U.S. suspends Microsoft, Adobe from green-card labor program in foreign worker crackdown

Labor Secretary Keith Sonderling cited "multiple active federal investigations" around the two companies' involvement in the program Thursday....

1 week ago

Amazon overhauls aging devices lineup with higher-priced Alexa tablet, dumping the budget Fire

The company said the Alexa tablet's improved speed and performance, artificial intelligence features, and upgraded design warrant a higher price tag....

1 week ago

Skydance co-CEOs Ellison and Kreiz speak with CNBC days after finalizing WBD acquisition

Skydance includes two film studios, the CBS broadcast network, a sprawling pay TV portfolio and streaming services Paramount+ and HBO Max....

1 week ago

PepsiCo cuts earnings forecast as North American turnaround takes longer than expected

Pepsi's North American business continues to lag behind its international markets....

1 week ago

Why REITs aren't getting killed by rising interest rates this time around

REITs have been seen as a low interest rate play. But some experts are making the case that real estate fundamentals today are outweighing even rising rates....

1 week ago

CNBC's No. 1 financial advisor takes a family-office approach: 'There is real value in all of those relationships'

Howland Capital Management came in at No. 1 on CNBC's list of the top 100 financial advisors in the U.S. for 2026....

1 week ago

After a yearslong slump, China's real estate market may be set for a turnaround

A recovery in China's largest cities real estate markets could come as soon as next year, the S&P ratings agency said....

1 week ago

Russia's internet giant Yandex halts operations at major data center after drone attack

Russian internet giant Yandex paused operations inside one of its data centers after a drone attack as Ukraine continues to hit the country's infrastructure....

1 week ago

The Indian billionaire investing in Trump's refinery project is also buying more Venezuelan crude

Outside the U.S., India is the biggest destination for Venezuelan oil, with Reliance Industries purchasing the bulk of it....

1 week ago

AI startup Manus raises $500 million in first funding round since Meta breakup

The deal is handing the AI agent developer fresh capital after Beijing forced Meta to unwind its roughly $2 billion acquisition....

1 week ago

TSMC's September sales jump more than 50% year over year

TSMC's September net revenue came in at 511.86 billion New Taiwan dollars...

1 week ago

Trump says he is not keen on a deal with Iran as U.S. reportedly prepares for 'massive bombing'

The U.S. president and his national security team have discussed possibly resuming large-scale U.S. military operations in the coming weeks, NBC News reported....

1 week ago

Elon Musk blames Indian 'oligarchs' for stalling Starlink launch

Space X founder Elon Musk accused oligarchs in India of keeping Starlink out of the country to protect their monopoly over consumers....

1 week ago

Oil gains as Middle East hostilities stoke supply worries

President Donald Trump and his national security team have talked about possibly restarting large-scale U.S. military operations in Iran in the coming weeks, NBC News reported....

1 week ago

Samsung forecasts record third-quarter profit of $80 billion as AI boom fuels chip demand

Samsung Electronics reported preliminary third-quarter earnings on Thursday, with operating profit forecast to top 100 trillion won for the first time....

1 week ago

Trump trade chief Greer reports higher cash holdings as law firm pay topped $650K

U.S. Trade Representative Jamieson Greer reported $1.17 million to $3.75 million in assets and disclosed a prior $10,000 payment from Coupang....

1 week ago

Lululemon poaches Athleta CEO as new chief product officer

Lululemon announced Wednesday that Athleta CEO Maggie Gauger has joined the company as its chief product officer, a newly created role....

1 week ago

Trump’s diesel order exposes White House limits to counter surging fuel prices

President Trump's order comes amid mounting political pressure to take action on surging diesel prices, with the midterm elections only a month away....

1 week ago

Apollo, banks in talks to finance SpaceX's $40 billion Nvidia GPU purchase

Since SpaceX's record-breaking IPO in June, rates have sold off, and yields on its bonds have risen, along with other AI-related bonds....

1 week ago

Microsoft to sell $2,599 Surface Laptop Ultra containing Nvidia AI chip

The new device shows Microsoft remains committed to making its own PCs even though it's not one of the top device makers....

1 week ago

Modelo owner Constellation is getting creative to bring back beer drinkers as overall demand weakens

Constellation Brands beat earnings and revenue expectations as beer brands gained share, while inventory rebuilding and consumer caution clouded demand....

1 week ago

Inflation fears on the rise as one-year outlook in Fed survey hits highest level since May 2023

The Survey of Consumer Expectations indicated that the median outlook for inflation over the next 12 months rose to 3.9%....

1 week ago

Disney+ to stream upcoming Super Bowl

Disney+ will also air two Monday Night Football games leading up to the championships....

1 week ago

Rubio says Tehran missed 'multiple' chances for nuclear deal amid Iran stalemate

Iran has failed to take advantage of "multiple opportunities" to reach a deal on its nuclear program, Secretary of State Marco Rubio said Wednesday....

1 week ago

Used car prices fall in Q3, while demand for fuel-efficient vehicles grows

Used vehicle prices are forecast to fall more than previously expected this year, according to Cox Automotive....

1 week ago

Trading platform Webull's China ties create national security risk, congressional panel finds

A congressional committee says trading platform Webull is not the ordinary U.S. company it claims, but exposes customer data to Chinese surveillance risk....

1 week ago

ICE came to town and left behind weakened economies

Research links ICE enforcement surges to lasting declines in local spending, foot traffic and jobs. In Minneapolis, businesses are still recovering....

1 week ago