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Diamond giant De Beers faces spin-off amid wider restructuring as Anglo American takeover pressure mounts

β€” May 14th 2024 at 04:28
Anglo American shares fell over 3% early Tuesday after it announced plans to spin off its highly prized De Beers diamond business.
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Tencent posts fastest profit growth in 3 years as online ads, business services offset slower gaming

β€” May 14th 2024 at 04:21
Tencent saw slightly better performance in its core gaming business as well as improved profitability in its advertising and business services division.
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Biden raises tariffs on $18 billion of Chinese imports: EVs, solar panels, batteries and more

β€” May 14th 2024 at 04:00
Biden Cabinet members like Janet Yellen, Gina Raimondo and Antony Blinken have all raised concerns about Chinese trade practices.
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U.S. orders Chinese-backed crypto miner to sell land near nuclear missile base

β€” May 14th 2024 at 02:45
The White House has issued an order forcing a Chinese-backed cryptocurrency mining company to sell land near a Wyoming-based nuclear missile base.Β 
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Sony reports 7% drop in annual profit as PlayStation 5 sales miss trimmed target

β€” May 14th 2024 at 02:20
Sony on Tuesday reported a 7% drop in annual profits in the fiscal year 2023, logging its first drop in annual profits since 2020.
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Uber to acquire Foodpanda's Taiwan business for $950 million, creating a potential monopoly

β€” May 14th 2024 at 01:00
Uber Technologies is buying the Taiwan business of Delivery Hero-owned Foodpanda for $950 million in cash, as Foodpanda doubles down on other markets.
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Genius or madness? Why Putin wants an economist to be Russia's new defense minister at a key point in the war

β€” May 14th 2024 at 00:29
Analysts take a look at what economist Andrei Belousov can bring to the Russian defense ministry.
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China drives EV boom this year amid strong demand for hybrid vehicles

β€” May 14th 2024 at 00:07
EV shipments, including fully battery-powered vehicles and hybrids, were up 18% in the first three months of 2024 compared with the same periodΒ last year.Β 
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Forget U.S. stocks β€” UBS says Europe's are a better bet. Here's why

β€” May 14th 2024 at 00:05
In a bold "U-turn," UBS says European stocks are now more attractive than their U.S. counterparts.
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Malaysia won't use interest rates to prop up the ringgit, says central bank deputy chief

β€” May 13th 2024 at 23:48
Bank Negara's Adnan Zaylani Mohamad Zahid said the country's monetary policy decisions will be determined by economic growth and the inflation outlook.
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AI boom to keep supply of high-end memory chips tight this year, analysts warn

β€” May 13th 2024 at 21:14
SK Hynix and Micron – the world's largest memory chip suppliers – are out of high-bandwidth memory chips for 2024, while the stock for 2025 is also almost sold out.
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China and India still rely heavily on coal, climate targets remain 'very difficult' to achieve

β€” May 13th 2024 at 19:24
China and India have not reduced coal generation for electricity, making it harder for Asia's largest carbon emitters to reach their climate targets.Β Β 
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'Wealth can be pretty isolating': Problems that rich people face, according to therapists

β€” May 13th 2024 at 18:32
Can money buy happiness? Contrary to what some may think, a million-dollar paycheck does not necessarily come with a problem free pass.Β 
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Cramer's gig economy roundup: Where he stands on Uber, Lyft, DoorDash and Instacart

β€” May 13th 2024 at 17:34
CNBC's Jim Cramer on Monday gave investors his take on four major stocks in the gig economy sector.
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Cramer says new AI technology can't help bring down inflation just yet

β€” May 13th 2024 at 17:22
CNBC's Jim Cramer on Monday said he is hopeful new AI technology will cut costs, but it will not help lower interest rates any time soon.
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Amazon-backed Anthropic launches its Claude AI chatbot across Europe

β€” May 13th 2024 at 17:00
Anthropic says that, starting Tuesday, individuals and businesses in Europe will be able to access its Claude chatbot through the web and via an iOS mobile app.
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GameStop stock surges over 70%β€”but investors should still be wary of 'meme stocks'

β€” May 13th 2024 at 16:37
Roaring Kitty returns to social media, GameStop's stock surges and short sellers lost over $1 billion. However, investors should be wary of chasing meme stocks.
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Apple's new iPad Pro is thin and fast, but the software needs an update

β€” May 13th 2024 at 16:26
CNBC reviews the new 13-inch iPad Pro 2024. It's super thin and has a fast M4 processor, but the software needs an update.
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Is it time to rethink the 4% retirement withdrawal rule? Experts weigh in

β€” May 13th 2024 at 15:35
Experts are taking a new look at a retirement-planning rule of thumb for how much retirees can safely withdraw from their portfolios.
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Sen. Menendez bribery trial starts with judge scolding lawyers on 'gamesmanship'

β€” May 13th 2024 at 14:43
Sen. Robert Menendez, D-N.J., is accused of accepting bribes in the form of cash, gold bars and other gifts in exchange for official acts.
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Your home sale could trigger capital gains taxes. Here's how to calculate your bill

β€” May 13th 2024 at 16:08
Home prices are rising, and selling your primary home could trigger capital gains taxes. Here is how to calculate your tax bill.
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OpenAI gives a shoutout to Nvidia β€” plus, a new industrial stock joins our watchlist

β€” May 13th 2024 at 14:02
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
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10 states with the biggest Biden infrastructure funding include key battlegrounds

β€” May 13th 2024 at 13:34
President Joe Biden's landmark funding bills include the Bipartisan Infrastructure Law, CHIPS and Science Act and the Inflation Reduction Act.
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Airlines ask court to block Biden administration's new fee disclosure rule

β€” May 13th 2024 at 13:27
Trade group Airlines for America said new rule requiring earlier disclosure of add-on fees during flight booking will "confuse consumers."
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Novavax stock jumps 50% as Sanofi deal kicks off turning point for struggling vaccine maker

β€” May 13th 2024 at 12:37
Novavax said the deal with Sanofi allows it to remove its "going concern" warning, which it first issued last year due to doubts about staying afloat.
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OpenAI launches new AI model GPT-4o and desktop version of ChatGPT

β€” May 14th 2024 at 08:24
OpenAI on Monday introduced a new AI model and a desktop version of ChatGPT, its popular chatbot.
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Top Republican donors fund group doxxing pro-Palestinian college students

β€” May 13th 2024 at 12:23
Accuracy in Media's 2022 tax return lists donations from billionaire Jeff Yass and the family foundations of Richard Uhilien, Adam Milstein and Peter Coors.
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Google and Apple partner to fight location tracker stalking

β€” May 13th 2024 at 12:59
The move is the latest sign that the two companies are working to address the downside of wireless trackers like Apple's AirTag.
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Cocoa prices tumble 19%, giving up a chunk of their record-setting gains

β€” May 13th 2024 at 11:39
Earlier in the year, cocoa futures hit a record of $11,722 per metric ton.
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Jim Cramer sees more room for Honeywell to climb as the stock shakes off rough start to 2024

β€” May 13th 2024 at 11:14
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
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Melinda French Gates to resign from Gates Foundation, will pursue own philanthropy with $12.5 billion grant

β€” May 13th 2024 at 12:32
Bill Gates, the founder of Microsoft, and Melinda French Gates divorced in 2021 but since then have continued to operate the Gates Foundation together.
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Parent of CycleBar, Pure Barre fitness studios sees shares whipsaw after CEO ousted, federal probe disclosed

β€” May 13th 2024 at 11:36
The parent company of CycleBar and Pure Barre studios said CEO Anthony Geisler would be suspended indefinitely and also disclosed a federal investigation.
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Inflation outlook rises, fueled by expected increases for housing costs, New York Fed survey shows

β€” May 13th 2024 at 10:15
On a one-year basis, the expectation increased to 3.3%, up 0.3 percentage point from March and the highest since November 2023.
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GameStop short sellers lost almost $1 billion in Monday's monster rally

β€” May 13th 2024 at 16:37
Short-selling hedge funds suffered a mark-to-market loss of $838 million in the brick-and-mortar video game retailer.
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Amazon's Zoox under investigation by NHTSA after two crashes

β€” May 13th 2024 at 12:48
Two Toyota Highlanders equipped with Zoox's automated self-driving technology braked unexpectedly, causing motorcyclists to rear-end the vehicles.
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'The house is burning down': Money expert's advice for a couple with over $620,000 in debt

β€” May 13th 2024 at 09:18
Kevin and Michelle have a young child and another on the way. But credit card debt and two big auto loans are preventing them from saving for the future.
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Media companies look to woo advertisers as spending shifts to digital

β€” May 13th 2024 at 09:04
Media giants are gearing up to woo advertisers at the annual Upfronts this week. Here's what the media landscape looks like in a moment of disruption.
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Microsoft and Amazon to invest $5.6 billion into France as Macron courts tech giants

β€” May 13th 2024 at 08:37
Microsoft and Amazon are ploughing billions of dollars into France.
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Jim Cramer's top 10 things to watch in the stock market Monday

β€” May 13th 2024 at 08:28
Stocks are set to open Monday's session higher. Inflation data and the start of retail earnings are key themes this week.
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This type of employee is more prone to burnout, says Ivy League stress expertβ€”here's why

β€” May 13th 2024 at 08:05
While identifying closely with your career isn’t necessarily bad, it makes you vulnerable to burnout if you lose sight of your own self-care.
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Here’s how much housing prices have skyrocketed over the last 50 years

β€” May 13th 2024 at 10:19
Homebuyers are spending more than double what they used to pay in previous decades, even after adjusting for inflation.
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How new grads can land a job after college, even as employers cut back on class of 2024 hires

β€” May 13th 2024 at 11:14
Those armed with a newly minted diploma are enteringΒ a job market that looks a little less promising than it did a year ago.
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Squarespace to go private in $7 billion private-equity deal

β€” May 13th 2024 at 07:21
Permira agreed to take Squarespace private less than three years after it first went public in 2021.
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Trump said 'This is a disaster' after hearing Stormy Daniels could go public, Michael Cohen testifies

β€” May 13th 2024 at 11:58
Michael Cohen could be the pivotal witness against Donald Trump, who is the first former president to go on trial in a criminal case.
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Google's Demis Hassabis is the man tasked with turning bleeding-edge AI research into profits

β€” May 13th 2024 at 07:00
Google has long counted on Demis Hassabis for his genius in artificial intelligence. But whether he can create products that customers love is a big question.
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U.S. sounds alarm as thousands in Georgia's capital protest 'Kremlin-style' foreign influence bill

β€” May 13th 2024 at 06:13
White House national security advisor Jake Sullivan said over the weekend that the U.S. was "deeply alarmed" about democratic backsliding in Georgia.
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GameStop, AMC soar more than 70% each as β€˜Roaring Kitty’ meme trader resurfaces

β€” May 13th 2024 at 15:31
GameStop shares soared Monday after "Roaring Kitty" posted online for the first time in roughly three years.
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NRF rejects Shein membership as retailer pursues U.S. IPO

β€” May 13th 2024 at 14:31
If Shein gets a stamp of approval from the NRF, it could help legitimize the retailer in the eyes of lawmakers and clear its path to a U.S. IPO.
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No 'credible plan': U.S.' Blinken issues harshest criticism yet of Israel's Gaza operations

β€” May 13th 2024 at 05:12
The Biden administration opposes an Israeli invasion of Rafah, where more than 1.2 million displaced Palestinians are currently sheltering.
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Britain faces its 'most dangerous' years in history, PM Rishi Sunak warns in preelection bid

β€” May 13th 2024 at 06:55
The British Prime declared Monday that Britain is at a "crossroads" as he seeks to reignite waning support for his ruling Conservative Party.
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SoftBank Vision Fund posts first annual gain in 3 years, up $4.6 billion

β€” May 13th 2024 at 03:23
SoftBank posted a 724.3 billion Japanese yen ($4.6 billion) gain on its Vision Fund in the fiscal year ended March.
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Musk's X wins court reprieve in fight against Australian government over church stabbing videos

β€” May 13th 2024 at 02:26
Bishop Mar Mari Emmanuel was stabbed during a livestreamed sermon that was widely circulated online, racking up hundreds of thousands of views. Β 
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Nvidia’s CEO was labeled a 'demanding' boss by staff. But experts say you have to be cutthroat

β€” May 13th 2024 at 00:10
Nvidia's CEO is unfazed by staff calling him a "demanding" and "perfectionist" boss.
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Displaying art in your home? Here are some do's and don'ts

β€” May 13th 2024 at 00:06
Where and how to hang pictures and other artworks can feel like a challenge. CNBC spoke to experts for their display tips.
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SoftBank's Arm to reportedly launch AI chips by 2025 to capture explosive demand

β€” May 12th 2024 at 22:34
The U.K.-based chip designer, in which SoftBank has a 90% stake, will set up anΒ AI chip unit to build a prototype byΒ springΒ 2025, according to the report.
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AI may not replace you, but someone who uses it can β€” here's the No. 1 skill you need to stay relevant

β€” May 12th 2024 at 23:06
In this era of artificial intelligence, it has become increasingly important to learn how to use AI. Here's the one skill you must have to stay relevant.
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β€˜I feel like I've been tricked’: Some property buyers in China’s Tianjin have been waiting 8 years for their homes

β€” May 12th 2024 at 18:23
A group of around 1,500 homebuyers have yet to see the apartments they paid for about eight years ago, as challenges persist in China's property sector.
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The restaurant stocks that are killing it in this market have one thing in common

β€” May 12th 2024 at 14:38
It should be obvious to every CEO that the winners in the restaurant space are doing this.
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From Mike Tyson-Jake Paul fight to NFL games, Netflix interest in live sports is rising

β€” May 12th 2024 at 09:31
Netflix's newest foray into live sports streaming will help the platform gauge viewers' and advertisers' interest in the realm.
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In the EV future, Thailand, the 'Detroit of Asia,' could be a key China hedge for automakers

β€” May 12th 2024 at 09:08
There's reason to believe a manufacturing shift to Thailand could be coming for the EV automaker economy. The U.S.-China politics don't hurt.
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The most in-demand work-from-anywhere jobs companies are hiring for in 2024β€”they're not all in tech

β€” May 12th 2024 at 09:07
To help job-seekers find the best remote, flexible gigs, FlexJobs has identified the most in-demand work-from-anywhere jobs companies are hiring for right now.
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Buy, sell or hold? Knowing a stock's PEG ratio can help decide. What it is and how to use it

β€” May 12th 2024 at 09:00
Determining the value of a stock and what price-per-share you are willing to pay is both an art and a science.
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Paid time off for pregnant women could go national as work movement, led by New York

β€” May 12th 2024 at 08:44
Paid leave from work for prenatal care is poised to see a national push after New York became the first state to mandate it for women's health.
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24-year-old earns $50,000 a year living in a town of 121β€”how she spends her time and money

β€” May 12th 2024 at 08:30
What it's like to date, work and make friends as a Gen Zer in Medora, North Dakota.
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A Harvard education costs over $82,000 a yearβ€”here's how much students actually pay

β€” May 12th 2024 at 08:00
Generous financial aid packages allow low-income students to go to Harvard University at a steep discount β€” if they can get in.
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Fewer homeowners are remodeling, but demand is still 'solid'

β€” May 12th 2024 at 08:00
Many Americans were renovating their homes early in the Covid-19 pandemic, boosting remodel activity up until 2022. That's no longer the case.
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Top Wall Street analysts are feeling confident about these 3 stocks after earnings

β€” May 12th 2024 at 07:56
TipRanks' analyst ranking service highlights Wall Street's best-performing stocks, including Apple and Shake Shack.
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3 toxic phrases that highly successful people never use, according to psychologists and public speaking experts

β€” May 12th 2024 at 07:30
Highly successful people often have positive and optimistic inner monologues, psychologists say. Here are three toxic phrases to avoid telling yourself.
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World's No. 1 pickleball player says he makes $2.5 million a yearβ€”up tenfold from 2021: 'We haven't reached the top'

β€” May 12th 2024 at 07:15
Top-ranked pickleball player Ben Johns says he'll make $2.5 million in salary alone this year, following a private equity-funded merger of the PPA Tour and MLP.
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41-year-old who make $160,000 a month in passive income: This is 'the business model that has set me free'

β€” May 13th 2024 at 13:36
Entrepreneur Graham Cochrane's businesses bring in $160,000 a month in passive income. He shares the business model that "set him free."
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Inflation is slowing. Here's why prices still aren’t going down

β€” May 12th 2024 at 05:02
Americans are still feeling the pressure of high prices despite reports of inflation slowing and wages increasing.
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Despite reasons for Ford's latest EV sales surge, there's a lot going right at the automaker

β€” May 11th 2024 at 13:00
Lower pricing due to softening demand helped April electric vehicle sales at Ford more than double.
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Donald Trump shuts down rumors about considering Nikki Haley for vice president

β€” May 11th 2024 at 12:01
Donald Trump has several names on his VP shortlist already, including Sen. Tim Scott, Rep. Elise Stefanik and Gov. Doug Burgum.
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Do this 1 thing to curb your kid's anxiety today, says lead researcher behind 'The Anxious Generation'

β€” May 11th 2024 at 11:00
If you want to make a change today that will positively impact your child's health start by talking to your kids' friends' parents.
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Photos from across the globe show spectacular displays of the aurora borealis

β€” May 11th 2024 at 10:44
The aurora borealis is typically only visible in high north latitudes, but this time, it stretched as far south as Louisiana.
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It's hard to resist the pull of the 'good old days,' nostalgia researcher saysβ€”here's why

β€” May 11th 2024 at 10:00
Gen Zers with flip phones and new music artists sampling classic tunes are proof that nostalgia is something we seek. Here's why we desire the emotion.
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This inflation-focused ETF may be in a sweet spot

β€” May 11th 2024 at 10:00
Horizon Kinetics' James Davolos thinks his firm's inflation-focused ETF is "ideally positioned" for gains this year.
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NHL's Coyotes CEO, other Latino executives launch platform to promote Hispanics in sports

β€” May 11th 2024 at 08:00
A group of Latino executives are starting an organization to promote Hispanic advancement within the sports industry.
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Connecticut takes aim at the college affordability crisis β€” 'We're trying to do everything we can,' governor says

β€” May 11th 2024 at 08:00
Here's a look at three initiatives meant to improve college access and affordability.
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NBA Champion Dwyane Wade says it took years to learn how to manage his millions: 'I had never really handled more than $500 at a time'

β€” May 11th 2024 at 08:00
Wade says that it took him more than half a decade in the NBA "to even start to understand" how to manage his millions.Β 
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10 U.S. cities where home prices increased the most this yearβ€”4 are in Illinois

β€” May 11th 2024 at 08:00
Prices for existing single-family homes in the U.S. are up 5% year over year as of April, after decreasing by 2.86% year over year as of April 2023.
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Activist Elliott settles for a new director at Sensata. These next steps may help boost shares

β€” May 11th 2024 at 07:32
The activist investor settled for a new independent director and an interim CEO.
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I've studied the science of happiness for 10 yearsβ€”here are 10 sentences I try to use every day

β€” May 11th 2024 at 07:32
Your words have the power to make someone feel seen, heard, and loved, says Stephanie Harrison, author of "New Happy." Here are 10 phrases to use every day.
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Bronze bust honoring the late Charlie Munger wowed crowd in Omaha at Berkshire meeting

β€” May 11th 2024 at 07:28
It took a total of 12 months and a number of iterations for Yu Shu to finish the final version of the Munger bust.
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Nvidia's CEO 'had no idea how to' start his $2 trillion company, and wouldn't do it again: 'Nobody in their right mind would do it'

β€” May 11th 2024 at 07:15
Jensen Huang and his two Nvidia co-founders had no experience running a business when they launched Nvidia in 1993. That was an advantage, according to Huang.
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How American carmakers lost ground in China

β€” May 11th 2024 at 07:00
Detroit automakers like General Motors made a fortune selling cars to Chinese consumers. But Chinese firms have caught up.
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From Burger King to Panda Express, 7 places you can get Mother’s Day freebies and discounts this weekend

β€” May 11th 2024 at 07:00
From burgers to smoothies, these restaurants want to help treat moms to something special and affordable on Mother's Day.
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Sweetgreen, Chipotle and other fast-casual chains are bucking the consumer slowdown

β€” May 11th 2024 at 06:00
Chipotle Mexican Grill, Wingstop and Sweetgreen all beat Wall Street's estimates for their quarterly same-store sales growth.
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The rule capping credit card late fees at $8 is on hold β€” here’s what it means for you

β€” May 10th 2024 at 18:35
The outcome preserves, at least for now, a key revenue stream for the U.S. card industry. The CFPB said the rule would've saved Americans $10 billion a year.
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Cramer's week ahead: Earnings from Home Depot, Alibaba, Walmart

β€” May 10th 2024 at 18:24
CNBC's Jim Cramer on Friday guided investors through next week's market action.
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Goldman Sachs and American Express are among the leading companies for working parents in 2024, new study shows

β€” May 10th 2024 at 15:59
It can be challenging to juggle raising a family while working full time. Just Capital's research points to five leading companies where it might be possible.
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Elon Musk's X loses lawsuit against Bright Data over data scraping

β€” May 10th 2024 at 15:04
A federal judge in California dismissed a lawsuit filed byΒ Elon Musk'sΒ X against Israel's Bright Data, and said X "wants it both ways."
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Biden plans for higher taxes on the ultra-wealthy and corporations to extend middle-class tax breaks

β€” May 10th 2024 at 14:31
President Joe Biden's top economic advisor Lael Brainard is calling for higher taxes on the ultra-wealthy and corporations to pay for middle-class tax breaks.
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Missed the last student loan forgiveness deadline? There may still be other options for relief

β€” May 10th 2024 at 14:04
Some of the student loan borrowers who missed the April 30 deadline to qualify for quicker debt forgiveness may still be eligible for other relief options.
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Could your buy now, pay later loans affect your credit score? Here's what you need to know

β€” May 10th 2024 at 13:49
Up until now, buy now, pay laterΒ loans have been hard to track, making it easier for more households to get in over their heads. That may be about to change.
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Starbucks should take a page from McDonald's to get customers back in its stores

β€” May 10th 2024 at 13:42
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
β˜‘ β˜† βœ‡ Top News & Analysis

What to know before you buy a house overseas β€” and 3 steps to smooth the process

β€” May 10th 2024 at 13:28
Buying a property abroad can be a dream for many Americans. But it's not a decision one should make on whim; multiple factors can easily complicate the process.
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McDonald’s is working to introduce a $5 value meal

β€” May 10th 2024 at 13:07
The potential new offering comes at a time when low-income consumers are beginning to pull back on spending, particularly at fast-food brands.
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Jim Simons, billionaire quantitative investing pioneer who generated eye-popping returns, dies at 86

β€” May 10th 2024 at 12:48
Jim Simons, a legendary mathematician who founded quantitative hedge fund Renaissance Technologies, passed away on Friday.
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Behind America's divided economy: Booming luxury travel and a jump in 'relief' loans

β€” May 10th 2024 at 11:46
Consumers are acting vastly different depending on income level.
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Sweetgreen shares soar 34% after company beats revenue expectations

β€” May 10th 2024 at 15:14
Shares of the salad chain surged 34% Friday after the company's revenue beat analysts' expectations during its fiscal first quarter.
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How retailers like Best Buy, T.J. Maxx and Home Depot quietly target 'problem' returners

β€” May 10th 2024 at 11:36
The latest crackdown on returns is only that latest effort by retailers to tamp down on return losses, with many U.S. names using third-party tracking software.
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Cramer: This chip stock is not on anyone's radar but is 'about to break out here'

β€” May 10th 2024 at 10:58
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
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Fat Brands stock craters after company, chair Andy Wiederhorn charged in $47 million 'sham' loan scheme

β€” May 10th 2024 at 12:56
Fat Brands' portfolio includes Fatburger, Johnny Rockets and Twin Peaks.
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AI washing: A Microsoft VC's warning about dubious, and rising, corporate artificial intelligence claims

β€” May 10th 2024 at 10:38
As AI grows in popularity, more companies claim to use it even when they don't, or when it's tangential to the business model rather than embedded in it.
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We're trimming this consumer goods stock that's been on a run over the past month

β€” May 10th 2024 at 10:27
In keeping with our discipline when theΒ S&P Oscillator is overbought, we're raising some cash this morning.
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Biden and Netanyahu's fraught relationship hits new low after U.S. pauses weapons shipment

β€” May 10th 2024 at 12:49
The PentagonΒ confirmed that the administration paused the delivery to Israel of a shipment of 1,800 2,000-pound bombs and 1,700 500-pound bombs.
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Trump White House aide Steve Bannon loses appeal of contempt of Congress conviction

β€” May 10th 2024 at 10:13
Former Trump White House aide Steve Bannon flouted a House committee subpoena in connection with its Jan. 6 U.S. Capitol riot probe.
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Ford names ex-Lucid Motors exec as next CFO, promotes current chief

β€” May 10th 2024 at 11:24
Ford named the former CFO of electric-vehicle startup Lucid to replace its current CFO, who is being promoted to closely oversee the company's turnaround plan.
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Consumer sentiment tumbles as inflation fears surge

β€” May 10th 2024 at 11:03
The University of Michigan Survey of Consumers posted a reading of 67.4 for May, down from 77.2 in April.
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Climate protesters try to break into Tesla's Germany factory, multiple people arrested

β€” May 10th 2024 at 09:55
Police blocked protesters trying to get onto the Tesla grounds at its Berlin-Brandenburg factory, Brandenburg police told CNBC.
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$3,500 in New York, $8,000 in LAβ€”renters reveal what they pay: 'It's just crazy how expensive it is here'

β€” May 10th 2024 at 09:02
New Yorkers and Angelenos share how much they spend on rent in those big cities and if the believe the massive expense is worth the money.
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Rivian, Lucid and other EV startups scramble to shore up cash and reassure Wall Street

β€” May 10th 2024 at 08:55
Rivian, Lucid and Nikola this week each detailed plans to reduce costs while attempting to grow operations and make their first profits.
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Michael Cohen on deck as Trump prosecutors say they could rest case next week

β€” May 10th 2024 at 13:21
The Donald Trump hush money trial wrapped up a week that featured testimony from porn star Stormy Daniels and two former White House aides.
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Sam Altman's nuclear energy company Oklo plunges 54% in NYSE debut

β€” May 10th 2024 at 16:01
Sam Altman, best known as the CEO of OpenAI, is also chairman of a nuclear power company called Oklo, which has just gone public through a SPAC.
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Jim Cramer's top 10 things to watch in the stock market Friday

β€” May 10th 2024 at 08:27
Wall Street is poised for another higher open Friday. The Dow is on a seven-session winning streak. The S&P 500 aims to top March all-time high.
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Op-ed: My kids have credit cards and yours should, too

β€” May 10th 2024 at 07:30
Adding your child as an authorized user on your credit cards can be a smart way to set them up for financial success. Here's what to know.
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An art market full of cracks is about to face a $1 billion test

β€” May 10th 2024 at 07:00
While the spring sales typically have more than a dozen works offered for more than $30 million each, this year there are just a few.
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Social Security Administration changes rules on rental, food assistance to expand access for low-income households

β€” May 10th 2024 at 13:15
Supplemental Security Income benefits have not been updated in years. Several rule changes to take effect in September are aimed at improving accessibility.
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Traders reassess Bank of England rate cuts as UK grows at fastest rate in nearly 3 years

β€” May 10th 2024 at 07:00
A slew of commentary from the Bank of England and a better-than-expected economic growth number have left traders and investors scrambling to refine their bets.
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Moderna says FDA delayed RSV vaccine approval to end of May

β€” May 10th 2024 at 06:00
The FDA has not informed Moderna of any issues related to the vaccine's safety, efficacy or quality that would prevent its approval, the biotech company said.
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Novavax shares nearly double on Sanofi deal to commercialize Covid vaccine, develop combination shots

β€” May 10th 2024 at 15:02
The deal will allow Novavax to lift its "going concern" warning, which it first issued in 2023 due to having "substantial doubt" about its ability to survive.
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Planet Fitness is raising prices even as it warns customers are growing cost-conscious

β€” May 9th 2024 at 15:33
Starting this summer, classic card membership will be priced at $15 per month for new members, up from $10 per month.
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UK economy emerges from recession with 0.6% growth in first quarter

β€” May 10th 2024 at 02:02
The U.K. economy has emerged from recession as gross domestic product rose 0.6% in the first quarter, beating expectations.
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CNBC's Inside India newsletter: A disconnected stock market

β€” May 10th 2024 at 00:43
This year has also been particularly unlucky for Indian stock market investors thanks to the uncertainty added by politics.Β 
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The U.S. is now Germany’s biggest trading partner β€” taking over from China

β€” May 10th 2024 at 00:01
After years of China being Germany’s main trading partner, the U.S. quietly overtook that spot in the first quarter of the year, data calculations show.
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China's biggest chipmaker SMIC warns of 'fierce' competition as it misses quarterly profit expectations

β€” May 9th 2024 at 23:55
Net income in the first quarter plunged 68.9% from a year ago to $71.79 million.
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House committee asks Microsoft's Brad Smith to attend hearing on security lapses

β€” May 9th 2024 at 23:46
Microsoft has been facing pressure after Chinese hackers breached Commerce Secretary Gina Raimondo's email account. Congress wants to get involved.
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European companies in China are under pressure from slower growth, overcapacity

β€” May 9th 2024 at 19:30
European companies are finding it harder to make money in China as growth slows and overcapacity pressures increase, according to an annual business survey.
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Cramer says to stick with good companies even when facing short-term losses

β€” May 9th 2024 at 18:17
CNBC's Jim Cramer reviewed Nvidia, Apple, Amazon and Tesla through a long-term lens, saying they have "riveting stories and temperamental stocks."
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Tesla accused by NLRB of creating policies to chill workers' unionizing efforts in Buffalo

β€” May 9th 2024 at 16:33
The NLRB is accusing Tesla of taking steps to keep employees in Buffalo, New York, from unionizing, according to a complaint filed late Wednesday.
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Chinese EV maker Zeekr prices IPO at $21, at the top end of range

β€” May 10th 2024 at 05:21
Chinese electric vehicle maker Zeekr will reportedly price its initial public offer at $21 a share Thursday.
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Apple apologizes for iPad Pro ad showing hydraulic press destroying guitars, piano

β€” May 10th 2024 at 07:33
Apple on Thursday took the unusual step of apologizing for a short advertising video promoting the company's new iPad Pro tablet.
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Promoters of Mike Tyson-Jake Paul Netflix fight offer $2 million VIP package

β€” May 10th 2024 at 08:15
The boxing fight between Mike Tyson and Jake Paul is already sparking high ticket prices and significant bettor interest.
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IRS reminder: Time to claim $1 billion in tax refunds from 2020 expires on May 17

β€” May 9th 2024 at 14:37
There is still $1 billion in unclaimed tax refunds from 2020, but the deadline to collect your payment is approaching. Here's what late filers need to know.
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