CNBC

Family offices bet on sports, from pickleball leagues to smart soccer balls

Family offices bet on sports, from pickleball leagues to smart soccer balls

While AI startups dominate deal-making news, investment firms of the ultra-rich are still keen on sports....

1 week ago
U.S. payrolls rose by 172,000 in May, much more than expected; unemployment at 4.3%

U.S. payrolls rose by 172,000 in May, much more than expected; unemployment at 4.3%

Nonfarm payrolls were expected to increase by 80,000 in May while the unemployment rate held at 4.3%....

1 week ago
Bitcoin caps a dismal week as price wallows 50% below its all-time high

Bitcoin caps a dismal week as price wallows 50% below its all-time high

A rebound in the digital currency, or characteristic dip-buying by investors, is yet to take place....

1 week ago
No tech, no problem. Dow makes record and traders think these stocks can lead now

No tech, no problem. Dow makes record and traders think these stocks can lead now

Traders bought about 5,300 calls in the State Street Health Care Select Sector SPDR ETF (XLV) on Thursday, compared to j...

1 week ago
India's economy expands 7.8% over January to March — faster than expected

India's economy expands 7.8% over January to March — faster than expected

The world's fastest growing major economy, India, has been facing major headwinds due to the conflict in Middle East tha...

1 week ago
How the Strait of Hormuz standoff flipped the energy security debate

How the Strait of Hormuz standoff flipped the energy security debate

Iran's influence over the strategically vital Strait of Hormuz has inadvertently transformed the energy security debate....

1 week ago
OpenAI says it will comply with Trump's order requiring AI model reviews before release

OpenAI says it will comply with Trump's order requiring AI model reviews before release

George Osborne, OpenAI's Head of Countries told CNBC that governments "have a big role to play in how this technology is...

1 week ago
India scraps tax on overseas bond investors in bid to attract foreign capital and shore up the rupee

India scraps tax on overseas bond investors in bid to attract foreign capital and shore up the rupee

India has announced several measures to boost capital inflows, including the scrapping of capital gains tax for foreign ...

1 week ago
Blackstone restricts flagship fund withdrawals as private asset fears reemerge

Blackstone restricts flagship fund withdrawals as private asset fears reemerge

Blackstone capped withdrawals from its $79 billion BCRED fund after redemption requests rose from 7.9% to 10%, adding to...

1 week ago
China may move toward U.S. path on AI as firms poach employees

China may move toward U.S. path on AI as firms poach employees

Tencent Chief AI Scientist Yao Shunyu, who joined the company from OpenAI, said Friday he aims to pursue artificial gene...

1 week ago
India's cenbank keeps rates steady at 5.25% — flags Middle East worries, currency pressures

India's cenbank keeps rates steady at 5.25% — flags Middle East worries, currency pressures

India's central bank tries to find a balance between maintaining growth and keeping inflation low, as rising global fuel...

1 week ago
Asia-Pacific markets set to open subdued after Wall Street's AI-linked stocks slide

Asia-Pacific markets set to open subdued after Wall Street's AI-linked stocks slide

Asia-Pacific markets were set to open mixed on Friday as investors assessed a rotation out of chip stocks on Wall Street...

1 week ago
Jim Cramer says Thursday's rally shows investors' 'huge appetite' for stocks

Jim Cramer says Thursday's rally shows investors' 'huge appetite' for stocks

CNBC's Jim Cramer said Thursday's rally showed investors remain resilient and eager to buy stocks....

1 week ago
Warren invites Nvidia CEO Jensen Huang to Senate hearing on China AI chip sales

Warren invites Nvidia CEO Jensen Huang to Senate hearing on China AI chip sales

Sen. Elizabeth Warren is pressing Jensen Huang's Nvidia over export controls, China sales, Trump and data-center policy ...

1 week ago
Lululemon cuts annual outlook, citing 'negative' media commentary and disappointing product launches

Lululemon cuts annual outlook, citing 'negative' media commentary and disappointing product launches

Lululemon is expecting its situation to get a lot worse before it gets better, as it issued weak guidance for the full y...

1 week ago
Trump says Pulte won't be permanent national intelligence director

Trump says Pulte won't be permanent national intelligence director

Trump's comment came two days after he tapped Bill Pulte, who leads the Federal Housing Finance Agency, as acting DNI to...

1 week ago
Bitcoin is weathering its ugliest week in months as narrative fades and liquidity rotates

Bitcoin is weathering its ugliest week in months as narrative fades and liquidity rotates

Bitcoin is getting pummeled to kick off June as the market loses its dominant narrative and liquidity continues to rotat...

1 week ago
Long-term unemployment is surging in the U.S. There are hidden costs for workers and the economy

Long-term unemployment is surging in the U.S. There are hidden costs for workers and the economy

Long-term unemployment can have ramifications on financial, emotional and family health that linger even after reentry i...

1 week ago
Confirmed screwworm case in Texas sends two biotech stocks higher

Confirmed screwworm case in Texas sends two biotech stocks higher

Options volume is surging for Zoetis as traders look for potential stock market winners in light of a screwworm case in ...

1 week ago
Soaring stocks created 2 million new millionaires around the world last year

Soaring stocks created 2 million new millionaires around the world last year

The population of global millionaires surged 7.9% to 25.3 million in 2025, according to the Capgemini World Wealth Repor...

1 week ago
Former Trump advisor John Bolton agrees to plead guilty to retaining classified information, MS NOW reports

Former Trump advisor John Bolton agrees to plead guilty to retaining classified information, MS NOW reports

When he was indicted, John Bolton said he was innocent and that he was being targeted because of his public opposition t...

1 week ago
Flesh-eating screwworm is confirmed in the U.S., officials say

Flesh-eating screwworm is confirmed in the U.S., officials say

USDA and Texas officials are working to contain New World screwworm from Zavala County, including establishing an infest...

1 week ago
Investors can 'buy' SpaceX early with Coinbase perpetual futures on pre-IPOs

Investors can 'buy' SpaceX early with Coinbase perpetual futures on pre-IPOs

Pre-IPO perps give traders the ability to speculate on the value of a private company without owning shares....

1 week ago
Oil prices fall 3% on report Trump reluctant to restart Iran war

Oil prices fall 3% on report Trump reluctant to restart Iran war

President Donald Trump told aides that he won't resume the war unless U.S. troops are killed, according to The Wall Stre...

1 week ago
Inside Wealth: Trump's 'big beautiful bill' has a 'double taxation' trap for top earners, tax lawyers say

Inside Wealth: Trump's 'big beautiful bill' has a 'double taxation' trap for top earners, tax lawyers say

A new guide by Congress' tax policy staff indicates that trust income can be taxed twice....

1 week ago
Eli Manning's private equity firm acquires licensing company for NFL Flag in bet on youth sports

Eli Manning's private equity firm acquires licensing company for NFL Flag in bet on youth sports

Eli Manning's Brand Velocity Group announced a deal to acquire youth sports company RCX amid congressional bill to ban p...

1 week ago
Partners Group warns it could cap more fund withdrawals after triggering private equity rout

Partners Group warns it could cap more fund withdrawals after triggering private equity rout

Partners Group said it could cap capital withdrawals from more of its funds after a European gating sparked a private eq...

1 week ago
SoftBank shares plunge 10% amid broader tech sell-off

SoftBank shares plunge 10% amid broader tech sell-off

Shares of SoftBank fell 10% following an overnight sell-off in the U.S. market on the back of wider profit taking in the...

1 week ago
‘Buying stuff like it’s going out of fashion’: Biotech M&A on track for best year since pre-Covid

‘Buying stuff like it’s going out of fashion’: Biotech M&A on track for best year since pre-Covid

Driven by looming patent cliffs, newly buoyant public markets, and Big Pharma's race to beef up their pipelines, dealmak...

1 week ago
SoftBank’s OpenAI bet and rising debt are raising liquidity crunch concerns

SoftBank’s OpenAI bet and rising debt are raising liquidity crunch concerns

Analysts warned that the market's renewed optimism on SoftBank is masking mounting balance-sheet risks....

1 week ago
Amazon engineers in Seattle slam employer for building AI data centers while laying off 30,000 staffers

Amazon engineers in Seattle slam employer for building AI data centers while laying off 30,000 staffers

Amazon engineers called out their employer for conducting mass layoffs while it commits to spending $200 billion this ye...

1 week ago
Why we're raising our price target on Broadcom despite its post-earnings sell-off

Why we're raising our price target on Broadcom despite its post-earnings sell-off

Broadcom's AI business will continue to shine and outpace the conservative forecast....

1 week ago
Inside India newsletter: Why Taiwan and South Korea's stock markets have surged past India within a week

Inside India newsletter: Why Taiwan and South Korea's stock markets have surged past India within a week

The Indian equity market is losing favour with global investors, as its domestic consumption story weakens and the count...

1 week ago
Asia-Pacific markets set to open lower on renewed Middle East tensions

Asia-Pacific markets set to open lower on renewed Middle East tensions

Asia-Pacific markets were set to open lower amid renewed tensions between Iran and the U.S. and worries that the conflic...

1 week ago
Jim Cramer warns excess supply could be the next biggest threat to the bull market

Jim Cramer warns excess supply could be the next biggest threat to the bull market

CNBC's Jim Cramer warned that a growing wave of AI-related capital raises could overwhelm investor demand and create a n...

1 week ago
SpaceX targets $135 IPO price at valuation of $1.77 trillion

SpaceX targets $135 IPO price at valuation of $1.77 trillion

The valuation would make Elon Musk's company the seventh-biggest in the U.S., above Tesla, which has a market cap of abo...

1 week ago
Broadcom stock slip on revenue miss

Broadcom stock slip on revenue miss

Broadcom reported fiscal second-quarter results on Wednesday and missed estimates for revenue....

1 week ago
Senate GOP strips up to $1B for Trump ballroom security from immigration enforcement bill

Senate GOP strips up to $1B for Trump ballroom security from immigration enforcement bill

GOP leaders reportedly privately concluded that the funding proposal risked derailing the broader immigration bill, both...

1 week ago
Bitcoin's high conviction holders are turning into sellers as the crypto's price hits new lows

Bitcoin's high conviction holders are turning into sellers as the crypto's price hits new lows

In the past two days, bitcoin's highest conviction holders have sold about $2.4 billion in bitcoin....

1 week ago
Social Security benefit cuts could average $500 a month for retirees if trust fund runs dry, report finds

Social Security benefit cuts could average $500 a month for retirees if trust fund runs dry, report finds

Social Security faces a looming depletion date for its retirement trust fund. A new report looks at how much benefit cut...

1 week ago