Latest Business News

New Eric Swalwell accuser says 'he raped me,' plan...

Eric Swalwell already faced a pending criminal investigation by the Manhattan DA's office over an allegation of sexual assault by another woman.

Nvidia stock is on a 10-day winning streak and up ...

Nvidia denied rumors that it's in talks to buy a large PC company, telling CNBC in a statement that it's "not engaged in discussions."

Market volatility may 'weigh heavily' on Gen Z, ad...

For young investors, the recent market volatility can be especially unsettling. Financial advisors have tips to help you through it.

Prediction markets will grow to $1 trillion by 203...

The investment bank said volumes will reach an estimated $240 billion in 2026 and grow at a 80% compound annual rate between 2025 and 2030.

DA wants Sam Altman arson suspect Daniel Moreno-Ga...

Daniel Moreno-Gama allegedly threw a lit Molotov cocktail at OpenAI CEO Sam Altman's home and threatened to burn down OpenAI's headquarters.

Jamie Dimon says Anthropic's Mythos reveals 'a lot...

The remarks show how a technology welcomed by corporations as a productivity boon can also pose serious threats, like uncovering new ways to hack into...

David Einhorn signals caution as his hedge fund Gr...

"It probably won't surprise anyone that we are again putting capital preservation at the top of our priorities," Einhorn said in his latest investor l...

What a United-American merger would mean, from ant...

United Airlines CEO Scott Kirby reportedly floated a potential merger with Trump administration officials earlier this year.

CEOs are betting AI will augment work rather than ...

Panelists at the Semafor World Economy conference said artificial intelligence can supplement the work that's already done, improving its quantity and...

Blackstone’s Joan Solotar says investors should se...

Joan Solotar, global head of Blackstone Private Wealth, said the capital flight from private credit isn't justified by the likely returns and potentia...

Oracle jumps for a second day, Bloom Energy soars ...

Oracle stocks bounced as software shares continued to recover and the company expanded a capacity deal with Bloom Energy.

U.S.-Iran talks could restart before ceasefire exp...

Traffic through the Strait of Hormuz remains at a trickle, despite President Donald Trump proclaiming that a ceasefire with Iran depended on it reopen...

Global recession is inevitable if Strait of Hormuz...

A prolonged blockage of the Strait of Hormuz for the next six to 12 months will mean an unavoidable recession, the billionaire investor said.

A 'systemic' jet fuel shortage is brewing in Europ...

'We've seen constraints in countries like Vietnam and Thailand on air travel, but this is also spilling over to Europe,' an ING analyst told CNBC.

Trump says gas prices 'could be the same' or 'a li...

The U.S. began blocking ships through the Strait of Hormuz on Monday, sending oil prices surging after peace talks failed over the weekend.

Iran war will hit UK growth the hardest of any ric...

The IMF said that the U.K. will be hardest hit out of all developed economies as a result of the Iran war.

Lucid names auto industry outsider as CEO, expands...

Lucid Group has named former chairman and CEO of Schindler Group, an industrial machinery manufacturer of escalators and elevators, as its new chief e...

Treasury Secretary Bessent now says it's OK for th...

Bessent has previously said the Fed should hasten cutting interest rates, calling reductions "the only ingredient missing" for stronger economic growt...

Share of 7-year car loans grows as buyers 'work ha...

With the amount financed reaching an all-time high, more car buyers are stretching out their loans to at least seven years to afford the monthly payme...

Wholesale prices rose 0.5% in March, much less tha...

The producer price index was expected to increase 1.1% in March, according to the Dow Jones consensus estimate.

Amazon to buy Globalstar to bolster Leo satellite ...

Amazon said it would acquire Globalstar, giving its nascent satellite internet business a boost as it vies to compete with Elon Musk's SpaceX.

JPMorgan earnings, Oracle's $300 million windfall,...

Here are five key things investors need to know to start the trading day.

Fed nominee Warsh filings detail vast wealth, far ...

Kevin Warsh, nominee to lead the Federal Reserve, detailed his holdings in newly released financial disclosures.

The top 10 large U.S. cities for recent college gr...

New York City and LA didn't make the list, published by Glassdoor and Redfin on April 14.

Citigroup to report first-quarter earnings before ...

Citigroup is perceived to be more impacted by the geopolitical environment than many of its peers.

House Republican campaign arm touts tax cuts in ne...

Republicans are trying to defend a razor-thin majority in the House and are running on tax policies passed last year.

JPMorgan Chase is set to report first-quarter earn...

JPMorgan will give investors a view into how consumers and corporations fared at the start of this year as a trio of concerns weighed on markets.

The Iran war could cost the American taxpayer $1 t...

As efforts to reach a lasting settlement have so far proved unsuccessful, one Harvard academic estimates the total could end up far higher than was pr...

Democrats raised $500 million in Q1 from party's m...

ActBlue, which raises small-dollar donations for Democrats and their causes, reported record first-quarter fundraising for a midterm election year.

U.S. Hormuz blockade hits India just as Russian oi...

U.S. moves to blockade Iran, and let a Russian oil waiver lapse, squeeze India’s energy supplies, exposing its vulnerability under rising U.S. pressur...

U.S. Treasury yields edge lower as Middle East con...

Treasury yields fall as investors keep a close watch on Middle East matters.

China calls U.S. blockade of the Strait of Hormuz ...

The Chinese foreign ministry said only a "comprehensive ceasefire" would help ease the ongoing crisis in the Middle East.

BP flags 'exceptional' oil trading performance as ...

BP said its oil trading performance had turned around dramatically after a "weak" fourth quarter.

LVMH stock drops as analysts flag luxury recovery ...

There was a deterioration of demand in March as a result of the Middle East conflict, said LVMH CFO Cécile Cabanis.

Novo Nordisk partners with OpenAI as AI drug disco...

The partnership will enable Novo to better use AI to analyze complex datasets, and identify promising new drugs.

CNBC Daily Open: S&P stages a comeback, erasing al...

U.S. stocks rally to erase Iran war losses as Vice President Vance says "ball is in Iran's court."

European markets set to rise on hopes that Iran pe...

European stocks are expected to open higher on Tuesday amid renewed hopes that Middle East peace talks could resume, despite a U.S. blockade on Irania...

China exports miss estimates in March, imports pos...

China's export growth slowed in March as manufacturers grappled with surging energy costs, with the Iran war disrupting supplies, while imports jumped...

CNBC Daily Open: Markets bet on a U.S.-Iran deal a...

The U.S. blockade in the Strait of Hormuz risks deepening the energy shock, but markets are shrugging it off amid optimism for a deal.

Oil falls as Vance signals diplomatic efforts are ...

U.S. Vice President JD Vance said Monday that the next steps in U.S.-Iran peace efforts now depend on Tehran.

Asia markets set to open higher amid hopes of a U....

Asia-Pacific markets were set to open higher Tuesday, amid positive investor sentiment that a deal between the U.S. and Iran is still possible

Vance says 'the ball is in Iran's court' to move p...

The U.S. team of Vance and special envoys Steve Witkoff and Jared Kushner made progress with Iran during the Islamabad talks, the vice president said.

Suspect in attack at Sam Altman's house aimed to k...

San Francisco Police Department officers recovered a document from the suspect that detailed his intentions, according to a filing.

Jim Cramer says this is the real reason why stocks...

"If interest rates were spiking, this market would be very different," CNBC's Jim Cramer said Monday.

CNBC's The China Connection newsletter: China's AI...

One Chinese company claims it has the recipe for success in the increasingly competitive smart glasses market

Oracle expands Bloom Energy deal days after receiv...

Last week Oracle received a warrant to buy nearly $400 million in Bloom Energy's stock, which jumped on Monday after the companies announced an expand...

Stock markets today: Live updates

Wall Street once again proved resilient in the face of increased geopolitical uncertainty.

Trump is blockading Iranian ports in the Persian G...

A former Pentagon official said the goal of the U.S. blockade is to get the Iranians to back down and restore freedom of navigation to the strait.

Rep. Eric Swalwell resigns from U.S. House after s...

Rep. Eric Swalwell was a leading candidate for California government but faced growing calls to resign after allegations of sexual misconduct were pub...

The Iran war is compounding California's energy cr...

While the United States leans into its domestic crude oil production, one state is being left out to dry, California.

Fed nominee Warsh clears a hurdle to Senate hearin...

Kevin Warsh submitted required ethics paperwork to the Senate Monday.

IRS publishes list of occupations that qualify for...

The "big beautiful bill" introduced a tax provision that allows some workers to deduct the tips they earn. The IRS released the final rule on who qual...

Oracle pops 11%, leading bounce back rally in soft...

Oracle has lost more than a fifth of its value this year on AI disruption concerns.

BlackRock raises view on U.S. stocks on belief tha...

The firm, which manages $14 trillion for clients, said in its weekly market note that it raised the rating a notch to overweight from neutral.

Trump deletes Truth Social image depicting him as ...

President Donald Trump in May 2025 posted an apparent AI image depicting himself as a Catholic pope after the death of Pope Francis.

Wall Street still loves streaming, but are its aff...

While streaming continues to drive media stocks, especially around quarterly earnings, it's not clear when it will start driving profits for smaller p...

Intel's stock is on track for a historic 9-day win...

The U.S. chipmaker has announced recent deals with Google and Elon Musk as it continues to gain investments.

LVMH sales miss expectations as luxury recovery is...

The luxury sector had shown some signs of a long-awaited recovery after a years-long slump prompted by soft demand from Chinese consumers.

Tariff refunds unlikely to benefit consumers, CNBC...

Although the government could pay billions of dollars in tariff refunds, consumers shouldn't expect to see money back, according to a CNBC CFO Council...

Stop making this 'off-putting' mistake when you ta...

"There are some hidden costs to using AI companions that most people aren't aware of," says social psychologist Tessa West.

Middle East oil production plunges due to Iran war...

The Gulf Arab states have cut production because they are unable to export through the Strait of Hormuz due to the war.

Judge dismisses Trump defamation lawsuit against M...

U.S. blockade of Strait of Hormuz set to begin

The U.S. blockade, set to begin at 10 a.m. ET, will apply to "any and all Ships trying to enter, or leave, the Strait of Hormuz," President Donald Tru...

Delta Air Lines unveils first new Delta One suite ...

Delta and other carriers are ramping up premium seats on board.

OpenAI touts Amazon alliance in memo, says Microso...

In an internal memo, OpenAI's new revenue chief pointed to the artificial intelligence company's ongoing effort to reduce its reliance on Microsoft.

Europe cheers Orbán defeat as a bloody nose for th...

European leaders welcome the election of a pro-EU candidate while Russia and the U.S. lose an ally after the defeat of Viktor Orbán.

Strait of Hormuz blockade, Goldman Sachs earnings,...

Here are five key things investors need to know to start the trading day.

Revolution Medicines' potential breakthrough pancr...

Revolution Medicines' drug for pancreatic cancer succeeded in a highly anticipated Phase 3 trial.

Ineos Automotive: Startup backed by a knighted bil...

The automaker has plans to grow sales in the U.S. by roughly 30% to 35%, as well as a target to achieve breakeven this year, executives exclusively to...

Treasury yields rise as collapse of Iran talks clo...

OpenAI announces first permanent London office aft...

In February, the company said it would make London its largest research hub outside of the U.S.

Trump threatens 50% tariffs on China as report sug...

U.S. President Donald Trump has threatened to impose a 50% tariff on China, after a report on Sunday that Beijing was preparing a weapons shipment to ...

Hormuz blockade could deepen world’s worst energy ...

The U.S. naval blockade of the Strait of Hormuz threatens to halt more tanker traffic, sending oil surging and risks drawing China into a widening con...

CNBC Daily Open: Trump lashes out at Iran and the ...

Failed negotiations with Iran lead U.S. President Trump to announce a blockade of the Strait of Hormuz.

From panic to pricing in: Are markets past 'peak f...

Investors appear to have already priced in much of the geopolitical risks and are growing less reactive to headlines.

European stocks set to start the week lower as Ira...

European stocks are expected to start the new trading week on a somber note as global traders assess developments in the Middle East.

Why pressure is mounting at oil giant BP ahead of ...

Oil giant BP is bracing for a possible shareholder revolt at its upcoming annual general meeting.

Goldman Sachs is set to report first-quarter earni...

Trading desks across Wall Street have been busy at the start of the year as institutional investors set new positions against the churn of AI-led disr...

CNBC Daily Open: Trump goes from opening the Strai...

The failed peace talks left investors on edge with little visibility on how the blockade will be implemented, and how long and deep an oil shock needs...

Trump blasts Pope Leo for criticism of U.S. foreig...

Eric Swalwell suspends campaign for California gov...

Multiple women have reportedly accused Democratic Rep. Eric Swalwell of sexual misconduct, among them a former staffer who alleges he sexually assault...

Asia markets set for mixed open as oil surges afte...

Oil prices surged past $100 after U.S.-Iran talks collapsed and Washington moved toward a naval blockade, setting a cautious tone for Asia markets at ...

Oil prices surge above $100 as U.S. Navy to blocka...

President Donald Trump said he ordered the U.S. Navy to find and interdict any ship in international waters that has paid a toll to Iran to transit th...

Stock market today: Live updates

All three major averages are coming off their best week since November on hopes that the conflict will soon come to an end.

‘The Super Mario Galaxy Movie’ rockets to $629 mil...

"The Super Mario Galaxy Movie" is helping to power up box-office momentum before the summer movie season begins in May.

Trump says U.S. will blockade Strait of Hormuz aft...

Many Gen Z adults still get financial help from th...

Financial support from your parents can help you to become independent. But that means treating the money "as a plan, not a lifestyle," one advisor sa...

This morning routine is key to a successful day, s...

Start the day strong by focusing on gratitude and purpose, says mental performance coach Cindra Kamphoff.

Couples who are 'emotionally secure' regularly tal...

Building a trusting relationship is the goal for most couples. Harvard-trained psychologist Dr. Cortney Warren shares eight things emotionally secure ...

Top Wall Street analysts prefer these dividend sto...

Given ongoing uncertainty, investors may seek to add some stability to their portfolios by buying dividend stocks for steady income.

China offers incentives to Taiwan following opposi...

The move comes after the chair of Taiwan's largest opposition party, the Kuomintang, met Chinese President Xi Jinping.

Iraq elects Nizar Amidi as president amid war fall...

Iraq's parliament voted Saturday to elect Nizar Amidi as president, five months after a parliamentary election that didn't produce a decisive majority...

How bond market's private credit crisis fears are ...

Fears of a private credit crisis arrived just as the growing and less transparent bond market was being included in more fixed-income ETFs.

A mom and tech entrepreneur building AI advocate f...

AI-powered healthcare startup Citizen Health is using the technology to focus on rare disease, helping manage patient lives as well as advance treatme...

How to help kids form healthy relationships with m...

Amid rising costs and a tighter economic climate, more parents are teaching their kids financial literacy lessons that could serve them well later in ...

Battles brew over in-state tuition for undocumente...

In some states, undocumented students have access to in-state college tuition if they meet certain requirements. Now, many of those laws are being cha...

Vibe check from inside one of AI industry's main e...

At the HumanX conference in San Francisco this week, Anthropic's momentum was on everyone's lips.

How Kodak is trying to turn around its business af...

Photography company Eastman Kodak has seen its fair share of financial struggles, but CEO Jim Continenza is determined to fuel its success.

Berkshire electric utility's court win could save ...

PacifiCorp court win could reduce wildfire damages by $1 billion or more.

OpenAI identifies security issue involving third-p...

The ChatGPT maker said it found no evidence that its user data was accessed or that its systems or intellectual property were compromised.