CNBC

Bill Gates to face questions about Jeffrey Epstein from House Oversight panel

Gates reportedly prepared for his testimony with the help of Jake Greenberg, who previously was the Oversight committee's chief investigations counsel....

2 days ago

Trump says Iran will 'pay the price' and claims they have 'taken too long' to agree to a deal

The president's comments came after U.S. forces on Tuesday evening launched strikes against Iran....

2 days ago

Two reasons for optimism after Tuesday's whipsaw market sell-off

There's reason for optimism, judging by bullish options flows around stocks that do better when interest-rates stay lower, and call-buyers who are prepared for the biggest move in Oracle since Covid....

2 days ago

SoftBank sinks over 8% as Asia tech stocks tumble, tracking Wall Street losses

Asian semiconductor and technology stocks fell on Wednesday, tracking overnight losses on Wall Street....

3 days ago

Oil choppy after U.S. completes Iran strikes following Apache helicopter attack

Oil prices rose after the U.S. launched military strikes against Iran, raising concerns that renewed clashes may threaten shipping through the Strait of Hormuz....

3 days ago

What next for BP? Leadership exits test investor confidence in board oversight

An executive exodus at BP has sparked intense scrutiny from investors....

3 days ago

China May wholesale inflation hits near 4-year high on Iran war, AI costs; CPI misses

Price growth has been boosted by a surge in global commodity costs, as the Middle East conflict disrupted energy and raw material flows....

3 days ago

Jim Cramer says tech stocks are losing the qualities that made them the leaders of the rally

CNBC's Jim Cramer said tech stocks are losing key traits that fueled their leadership since 2023....

3 days ago

$70 billion immigration funding package passes in U.S. House in a win for Speaker Johnson

The U.S. House on Tuesday approved a $70 billion immigration enforcement funding package after months of debate....

3 days ago

SpaceX IPO explained: The price is set, but retail allocation still up in the air

Charles Schwab, Fidelity, Robinhood, SoFi and Morgan Stanley's E-Trade are among the brokerage platforms making SpaceX shares available....

3 days ago

White House border czar Tom Homan blames New York Gov. Hochul for promised ICE surge

Gov. Kathy Hohul in May signed a New York law that barred agreements with ICE that made it easier for the agency to detain immigrants who had been jailed....

3 days ago

Social Security retirement trust fund may be depleted in 2032, new trustees report finds

The Social Security Administration has released a report with new projections as to when the trust funds that help pay benefits may be depleted....

3 days ago

Trump says U.S. must 'respond' after Iran shoots down helicopter over Hormuz Strait

The latest outbreak of violence in the Strait of Hormuz came as President Donald Trump repeated that a deal with Iran could be reached within days....

3 days ago

Jim Cramer debates trimming 2 stocks — one struggling name, the other a winner

The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET....

3 days ago

Trump family got about $500M from crypto venture — but investors saw steep losses

Eric Trump and Donald Trump Jr. celebrated a deal with Alt5 Sigma that generated roughly $500 million for the Trump family. The company's shares are down 93%....

3 days ago

Vinted boss sees 'fundamental' shift in consumer patterns, as secondhand firm notches $9 billion valuation

Vinted is seeing a structural shift in consumer behaviour as habits form around the resale economy, its marketplace CEO told CNBC....

3 days ago

Oil prices fall as Trump tries to convince market an Iran deal is close despite recent violence

President Donald Trump has repeatedly said a deal with Tehran to reopen Hormuz is close, but such an agreement still has not materialized....

3 days ago

The 'SaaSpocalypse' is over, says private equity giant Thoma Bravo. Here's why it sees an AI boom for software

Thoma Bravo founder Orlando Bravo says AI offers an "enormous tailwind" for software companies....

3 days ago

Bitcoin's brutal sell-off sparks a flurry of trading in related stocks, including one big bullish bet

The year has been a rocky one for the flagship cryptocurrency, but traders aren't backing away from the space....

3 days ago

Trump says Iran deal could be reached in 'two or three days' and Strait of Hormuz will reopen 'immediately'

Speaking to reporters after attending the NBA Finals in New York, Trump said the two parties are in the final stages of a "very, very good deal"....

3 days ago

UK's GSK to acquire U.S. drugmaker Nuvalent for $10.6 billion as pharma giants race to expand pipelines

The deal comes at a time of biotech dealmaking frenzy, driven by looming patent cliffs, newly buoyant public markets and drugmakers' race to bolster pipelines....

3 days ago

Pentagon expands list of China military-linked firms to include Alibaba, Baidu in fresh blow to diplomatic thaw

The Pentagon briefly posted a similar expanded list in February, then withdrew it without explanation before Trump's China trip....

4 days ago

The space race is coming for pharma: Why drug development is heading to lower Earth orbit

Companies see a commercial opportunity in creating new ways to administer drugs to patients – in space....

4 days ago

China trade defies Iran war drag as exports, imports beat estimates in May

China's economy has shown signs of faltering following a strong first-quarter....

4 days ago

Asia chip-linked shares recover after U.S. peers bounce back

In the U.S., chip stocks powered gains on Monday, helping the S&P 500 gain 0.3%, while the tech-heavy Nasdaq Composite advanced 0.86%....

4 days ago

Trump booed at Madison Square Garden before Knicks and Spurs finals game

Trump's decision to attend Game 3 of the NBA Final was controversial for Knicks fans, some of whom feared he would jinx what has been an epic playoff run....

4 days ago

USDA Secretary Rollins calls Texas ag chief 'unserious' amid screwworm threat

Texas Agriculture Commissioner Sid Miller lost his bid for a fourth term in a March Republican primary, despite Trump's endorsement....

4 days ago

OpenAI confidentially files for IPO, prepping Wall Street for mega AI debut

OpenAI's confidential filing lands days before SpaceX is set to go public and a week after Anthropic announced its confidential disclosure with the SEC....

4 days ago

Judge blocks Trump's $100,000 H-1B visa fee

Trump had imposed the $100,000 fee in order to restrict the program, arguing that it has undermined U.S. security through the "replacement of American workers."...

4 days ago

Nvidia CEO Jensen Huang declines Senate testimony on AI, China and exports

Sen. Elizabeth Warren said Nvidia’s CEO should answer questions publicly as lawmakers scrutinize AI chip sales to China and export controls....

4 days ago

Trump nominates Todd Blanche for attorney general amid controversy over DOJ fund

Blanche previously served as a criminal defense lawyer for President Trump....

4 days ago

Congress moves toward approving $70 billion for ICE and CBP through Trump's presidency

The U.S. House is expected to vote this week on a $70 billion measure to fund Immigration and Customs Enforcement and Customs and Border Protection after delay....

4 days ago

Convicted FTX founder Sam Bankman-Fried files formal request for Trump pardon

The co-founder of the now defunct FTX crypto exchange is currently serving a 25-year federal prison sentence....

4 days ago

Food supply 'not at risk' after new Texas screwworm cases, USDA secretary says

The U.S. will lean on the same playbook it did starting in the late 1950s, part of which involves releasing sterile insects to suppress the pest's population....

4 days ago

Household worries over finances hit highest level since July 2022, New York Fed survey shows

While the central bank's monthly survey showed the inflation outlook mostly unchanged, the general perception of conditions deteriorated....

4 days ago

Strait of Hormuz traffic won't return to normal until end of the year, traders say

Two weeks ago traders saw a 60% chance that the Strait of Hormuz would open before August. Now traders see a higher chance that it will open before 2027....

4 days ago

Corning shares jump 4% after company strikes deal to power Amazon AI data centers in U.S.

Amazon is the latest megacap company to announce a massive deal with Corning, which is rapidly becoming a critical player in the AI buildout....

4 days ago

USAA to return nearly $1 billion to Florida members as legal reforms help lower insurance costs

USAA said it will deliver nearly $1 billion in combined savings and returns to eligible Florida members, including a $500 million dividend, CNBC can exclusively report....

4 days ago

United CEO brushes off airline mergers after American rejection: 'There's nothing'

When asked about a wave of consolidation among airlines, Kirby said further combination opportunities look unlikely: "There's nothing."...

4 days ago

Iran announces 'end of military operations' against Israel, but warns Lebanon strikes could trigger escalation

Iran and Israel traded strikes on Sunday night for the first time since a ceasefire was agreed in April, threatening to torpedo an already-fragile ceasefire....

4 days ago

Weight loss drug maker sinks 25% after new safety data spooks investors

While the experimental drug met its key targets, analysts are concerned over the commercial opportunity due to side effects....

4 days ago

Foreign investors have dumped billions of dollars of Korean stocks this year despite record rally. Here's why

The selling intensified Monday as the benchmark Kospi plunged more than 8% at the open, even as it emerged as one of the world's standout performers thus far....

5 days ago

Asia tech stocks extend sell-off with SoftBank down over 7% as investors sour on AI-linked names

Asian tech stocks tracked overnight losses in U.S. tech names led by a sell-off in Broadcom....

5 days ago

Oil prices spike over 3% as Iran and Israel trade strikes, escalating regional tensions

Oil rises on Monday amid heightened tensions in the Middle East, raising concerns that the conflict may drag on....

5 days ago

Hong Kong's IPO boom is developing a performance problem

As Hong Kong vies with Wall Street to be the top IPO market, a growing number of pre-debut runups turn sour after their listing....

5 days ago

Fragile ceasefire in jeopardy as Iran reportedly fires first missiles at Israel

The fragile ceasefire between the U.S. and Iran has been in place since early April....

5 days ago

Bitcoin is cratering, but a new Wall Street crypto hype is on the rise

As bitcoin dropped to its lowest price since 2024, investors flock to a new type of crypto investment linked to the hyperliquid platforms, HYPE ETFs....

5 days ago