CNBC

Switzerland is voting on whether to cap its population at 10 million. Here's what to know

Switzerland votes on a population cap that could tighten immigration and put its EU free-movement agreement under pressure....

2 hours ago

Anthropic disables access to Fable 5 and Mythos 5 to comply with government directive

Anthropic said it disabled access to its Fable 5 and Mythos 5 models to comply with an export control directive from the U.S. government....

7 hours ago

New SpaceX millionaires are reinventing the business of managing large wealth

Wealth advisors say SpaceXers have unique ways of addressing their financial challenges, including whiteboarding, troubleshooting and AI....

10 hours ago

Paramount-WBD merger wins approval from DOJ, source says

The DOJ approval is an important milestone for the roughly $110 billion deal, though it could still face legal challenges from state attorneys general....

11 hours ago

Trump name still must come down from Kennedy Center, judge says

15 hours ago

SpaceX market cap tops $2 trillion after shares of Elon Musk's rocket company gain 27% on debut

SpaceX shares soared on Friday as trading commenced on the Nasdaq....

15 hours ago

Elon Musk becomes world's first trillionaire as SpaceX begins trading on the Nasdaq

Elon Musk's stake in SpaceX is worth more than $766 billion. Combined with his Tesla holdings, Musk's net worth as of Friday is roughly $1.05 trillion....

16 hours ago

The S&P 500 already made a big call on SpaceX stock and index fund investors need to know it

The S&P 500 index, where trillions in retirement savings are invested, said no to the SpaceX IPO, the biggest in history. Here's what that means for portfolios....

16 hours ago

SpaceX’s Gwynne Shotwell had IPO doubts for years, now she has a message for investors

Gwynne Shotwell, long Elon Musk's second-in-command at SpaceX, spoke exclusively with CNBC ahead of her company's highly anticipated IPO....

18 hours ago

Former Tesla board member says SpaceX needs to achieve 2 of its 3 moonshots to keep its valuation

SpaceX has achieved its goal of becoming the largest IPO on record....

19 hours ago

Proposed Iran-U.S. deal would reopen Hormuz strait and lift oil sanctions, Iran state media says

U.S. President Donald Trump said Thursday that the Strait of Hormuz would be reopened as soon as a deal is signed....

19 hours ago

Oil prices fall on hopes of U.S.-Iran deal despite Tehran pushback

Oil prices fell on Friday after U.S. President Donald Trump said Washington had reached a framework agreement with Iran, raising hopes that tensions in the Middle East could ease....

1 day ago

From startup to $1.8 trillion: The investors who took a chance on SpaceX now reap the rewards

With SpaceX seeking an IPO valuation of nearly $1.8 trillion, early bets are poised to generate some of the biggest paper gains in venture capital history....

1 day ago

Pirro's losses in Fed investigation should stay on the books, judge rules

In a scathing ruling, Judge James Boasberg denied U.S. Attorney for the District of Columbia Jeanine Pirro's request to vacate his earlier orders....

1 day ago

SpaceX to close above $2 trillion market cap on its debut, prediction market traders say

Traders on Polymarket think it's likely SpaceX will join a group of just six companies with a market value beyond $2 trillion....

1 day ago

Warren questions SpaceX IPO oversight in new letter to exchanges

Sen. Elizabeth Warren seeking answers on changes to index fund waiting periods, protections for retail investors, in a letter obtained first by CNBC....

1 day ago

Oracle shares tumble 11% on increased capital raise, cash concerns

Oracle beat on earnings and revenue, but negative free cash flow and the company's plan to raise more capital is weighing on the stock....

1 day ago

SpaceX cuts retail IPO allocation to low 20% range, source says

The Elon Musk-led company plans to direct a percentage in the low 20s of the offering to retail buyers, according to a person familiar with the matter....

1 day ago

Trump picks former SEC Chairman Jay Clayton as national intelligence director

Trump's announcement came after objections by House Democrats to his selection of Bill Pulte as acting DNI ensured that Section 702 of FISA will expire Friday....

1 day ago

Trump cancels Iran strikes scheduled for Thursday evening

1 day ago

Ahead of SpaceX IPO, Elon Musk addresses ASML employees as part of push into chip manufacturing

Elon Musk called ASML a great company in a fireside chat with CEO Christophe Fouquet, as the SpaceX CEO gears up to go big in chip manufacturing....

1 day ago

Wholesale prices rose 1.1% in May, more than expected, on surge in energy

The producer price index was expected to increase 0.7% in May, according to the Dow Jones consensus forecast....

1 day ago

Melania Trump announces a new savings account for youth in foster care

A new savings program for children in foster care was announced Thursday at an event with the first lady and Treasury Secretary Scott Bessent...

1 day ago

Baldwin, Khanna propose new direct foreign investment review board to probe Trump's deals

Sen. Tammy Baldwin and Rep. Ro Khanna, both Democrats, raised concerns with President Donald Trump's courting of foreign investment....

1 day ago

SpaceX soon-to-be millionaires are set to spend big on luxury homes, watches and private jet travel

SpaceX employees have to wait to sell their shares, but many are already planning how to spend their windfalls....

1 day ago

Iran threatens Elon Musk's companies in Middle East: Iranian state media

Iran will consider all of Elon Musk's companies in the Middle East as military targets as it retaliates against the U.S., Iranian state media reported....

1 day ago

ECB hikes interest rates for first time since 2023 as Iran war ramps-up energy costs

1 day ago

How family offices are investing in the final frontier beyond SpaceX

Personal investment firms of the ultra-rich are interested in space startups even without Elon Musk's name attached....

1 day ago

Why U.S. AI giants like Anthropic, OpenAI are launching major expansions in London

The U.K. capital has become a key growth target for many of the world's most talked about AI companies....

1 day ago

SpaceX IPO is a ‘referendum’ on Musk, say market watchers

Friday's hotly anticipated SpaceX market debut could prove a defining moment for capital markets — and serve as a "referendum" on Elon Musk's leadership....

1 day ago

U.S. becomes India’s top gas supplier, as Iran war cuts it off from the Gulf

India's gas purchases from the U.S. have grown steadily, driven by Washington’s push to sell more American energy to the South Asian country....

1 day ago

Hugo Boss pops 6% after top shareholder Frasers launches $2 billion takeover offer

British retail group Frasers owns a roughly 26% stake in Hugo Boss....

2 days ago

Investors brace for a 'long grind' as Iran war escalation dims hopes of an early end

As U.S. and Iranian forces continue exchanging strikes, investors are increasingly grappling with the possibility that the conflict could become more prolonged....

2 days ago

OpenAI mulls slashing prices as it competes with Anthropic for users: WSJ

OpenAI is reportedly mulling drastic price cuts to its AI models, as it looks to woo consumers from rival AI company Anthropic, the WSJ reported on Wednesday....

2 days ago

Oil jumps as U.S. fresh strikes on Iran raise worries of extended disruption to energy flows

Oil prices jumped on Thursday after the United States launched a fresh round of military strikes against targets in Iran....

2 days ago

Company moves from Singapore to cheaper, more spacious Malaysia show rising global mobility trend

Lower costs, tax incentives and access to a larger market have seen a raft of companies shift operations to Malaysia from Singapore....

2 days ago

Unique SpaceX IPO is hedging challenge for Wall Street: 'What are you going to do, short NASA?'

Millbank Dartmoor Portsmouth CIO Dennis Davitt says he hasn't seen anything like the SpaceX IPO since 2004. Investors are nervous about their positions....

2 days ago

USDA's Rollins called screwworm a 'little pest' amid U.S. spread. Last year, she called it 'terrifying'

The U.S. agriculture secretary is downplaying the threat posed by the spreading screwworm now compared with her more dire remarks last year....

2 days ago

Oracle beats on earnings, but stock drops on plans to raise another $20 billion

Oracle reported better-than-expected earnings and revenue for its fiscal fourth quarter....

2 days ago

World Cup travel boost hasn't materialized for U.S. businesses — yet

The expected travel boom from the World Cup is looking like it will be a city-by-city, match-by-match test of pricing power....

2 days ago

Nike has limited time to prove itself, especially after a tough analyst downgrade

Nike is on borrowed time if it cannot prove itself in its next quarterly report....

2 days ago

As gold's tumble continues, traders bet the pain may last for two more years

Selling in the precious metal just keeps getting worse, with the GLD ETF now down 25% from its intraday record in February....

2 days ago

North Carolina treasurer passes on SpaceX citing valuation concerns; favors OpenAI, Anthropic

North Carolina has invested heavily in AI startups OpenAI and Anthropic while avoiding a direct stake in SpaceX....

2 days ago

Trump pledges more Iran strikes, saying U.S. will be 'attacking them very hard'

President Donald Trump promised more attacks on Iran after strikes resumed this week. Earlier this week, he said a deal to end the war was near....

2 days ago

We're booking profits in a market rotation winner — further padding our growing cash pile

We're making another sale on Wednesday to increase our cash pile and protect against future market volatility....

2 days ago

Trump signs $70 billion immigration funding bill after months of delay

The $70 billion package will fund Immigration and Customs Enforcement and Customs and Border Protection through the end of President Donald Trump's term....

2 days ago