CNBC

U.S. government debt yields are surging at a bad time. Here's what's behind the move

U.S. government debt yields are surging at a bad time. Here's what's behind the move

Fixed income market watchers ascribe a run that began in June to a number of variables....

1 week ago
A fintech app built by crypto exchange Kraken just launched a cash back debit card in bid for consumer wallets

A fintech app built by crypto exchange Kraken just launched a cash back debit card in bid for consumer wallets

Kraken is vying for a place in consumer wallets as crypto evolves from an asset class into infrastructure for mainstream...

1 week ago
IRS clarifies 'no tax on overtime' deduction rules. What workers need to know

IRS clarifies 'no tax on overtime' deduction rules. What workers need to know

Taxpayers who were unsure whether they qualified or how much they could claim will likely have an easier time when they ...

1 week ago
Kalshi seeks to launch ‘perps’ on equity indexes as it moves in on traditional exchanges' turf

Kalshi seeks to launch ‘perps’ on equity indexes as it moves in on traditional exchanges' turf

The company is seeking to launch a "US500" perp tied to the MerQube U.S. Large Cap Index, according to a regulatory fili...

1 week ago
Disney-owned ABC files First Amendment lawsuit against FCC

Disney-owned ABC files First Amendment lawsuit against FCC

Disney's ABC has sued the FCC claiming its investigation and early broadcast licenses renewal are a 'retaliatory campaig...

1 week ago
Nvidia's AI moat is shifting from chips to capital

Nvidia's AI moat is shifting from chips to capital

Nvidia still has dominant market share in AI chips, but with competition picking up steam, the company is taking greater...

1 week ago
The startup using AI to help rare disease families develop custom treatments

The startup using AI to help rare disease families develop custom treatments

Nome uses AI and drug-development expertise to help rare disease families turn genetic diagnoses into potential paths to...

1 week ago
Russia says its economy is strong. It just fired a top economist who warned otherwise

Russia says its economy is strong. It just fired a top economist who warned otherwise

Andrei Klepach was reportedly fired from his role after presenting a report warning that Russia could not win a prolonge...

1 week ago
Treasury yields rise as oil gains and U.S.-Iran tensions fuel inflation fears

Treasury yields rise as oil gains and U.S.-Iran tensions fuel inflation fears

Tuesday saw yields on U.S. 30-year Treasury yields add over 1 basis point to trade at around 5.322%, hovering just below...

1 week ago
The 30-year Treasury yield just hit a 19-year high. Three things could drive it even higher

The 30-year Treasury yield just hit a 19-year high. Three things could drive it even higher

The yield on the 30-year U.S. Treasury has surged to its highest level in 19 years, and some strategists see scope for t...

1 week ago
South Korea must brace for ‘worst-case scenario,’ President Lee says, as Trump cuts military drills

South Korea must brace for ‘worst-case scenario,’ President Lee says, as Trump cuts military drills

The annual exercises, are defensive and not intended to attack North Korea or raise tensions on the peninsula, Lee said....

1 week ago
Ship attacked in Hormuz Strait as U.S.-Iran ceasefire expiry risks prolonged conflict

Ship attacked in Hormuz Strait as U.S.-Iran ceasefire expiry risks prolonged conflict

U.S., Iran appeared to be digging in for a protracted conflict, hardening their positions and rejecting renewed negotiat...

1 week ago
Credit card issuer Synchrony announces partnership with OpenAI

Credit card issuer Synchrony announces partnership with OpenAI

The collaboration, which is in its early stages, is a step toward enabling Synchrony customers to have smoother online s...

1 week ago
CNBC's The China Connection newsletter: Money or power? The key to winning the AI race

CNBC's The China Connection newsletter: Money or power? The key to winning the AI race

The U.S. can outspend China in financing artificial intelligence development, but is that the only factor that matters?...

1 week ago
Sanders proposes bill to stop Social Security benefit garnishment for unpaid student loans

Sanders proposes bill to stop Social Security benefit garnishment for unpaid student loans

Sen. Bernie Sanders, I-Vt., announced a new proposal on Monday to protect federal student loan borrowers from having the...

1 week ago
L3Harris ousts CEO Chris Kubasik over unspecified 'conduct,' stock drops 4%

L3Harris ousts CEO Chris Kubasik over unspecified 'conduct,' stock drops 4%

Chris Kubasik was ousted as Lockheed Martin's incoming CEO in 2012 after what that company called "close personal relati...

1 week ago
Anthropic tells investors annualized revenue run rate climbed to $65 billion in July

Anthropic tells investors annualized revenue run rate climbed to $65 billion in July

Anthropic's revenue run rate is up about sevenfold from a year earlier....

1 week ago
What will TV look like in three years? Media insiders share their predictions

What will TV look like in three years? Media insiders share their predictions

CNBC asked media insiders what they think the TV market — from pay TV subscribers to sports ratings — will look like in ...

1 week ago
30-year Treasury yield tops 5.31%, the highest in 19 years

30-year Treasury yield tops 5.31%, the highest in 19 years

Treasury yields were higher as traders awaited the latest FOMC minutes due later this week....

1 week ago
Paramount seeks $1.88 billion bond from state AGs to cover costs of WBD merger delay

Paramount seeks $1.88 billion bond from state AGs to cover costs of WBD merger delay

Paramount agreed to delay its proposed acquisition of WBD to as late as June 2027 while the state AGs' case heads to tri...

1 week ago
Prediction market traders see roughly 1-in-4 odds Paramount’s bid to buy Warner Bros. Discovery fails

Prediction market traders see roughly 1-in-4 odds Paramount’s bid to buy Warner Bros. Discovery fails

The odds are higher than they were before 12 states sued to block the merger, but lower than after Paramount delayed the...

1 week ago
Synchrony, credit card issuer to Amazon and Walmart, partners with OpenAI for ChatGPT shopping

Synchrony, credit card issuer to Amazon and Walmart, partners with OpenAI for ChatGPT shopping

Maran Nalluswami, Synchrony's chief strategy officer, told CNBC it will probably take six to 12 months to get payments f...

1 week ago
Oil prices rise as Iran rules out interim deal extension, threatens to escalate conflict

Oil prices rise as Iran rules out interim deal extension, threatens to escalate conflict

The U.S.-Iran deal was supposed to open the Strait of Hormuz while they negotiated a final deal on Tehran's nuclear prog...

1 week ago
Supreme Court again rejects Trump bid to overturn E. Jean Carroll verdict

Supreme Court again rejects Trump bid to overturn E. Jean Carroll verdict

A spokesperson for Trump's legal team slammed Carroll's case as a witch hunt and a hoax....

1 week ago
Extreme heat spurs earliest-ever Champagne harvest, putting its famous taste to the test

Extreme heat spurs earliest-ever Champagne harvest, putting its famous taste to the test

Producers of the iconic French fizz face a challenge to preserve its taste profile while they also battle tariff complic...

1 week ago
Jim Cramer's top 10 things to watch in the stock market Monday

Jim Cramer's top 10 things to watch in the stock market Monday

Anthropic's second-quarter revenue was up 14-fold over last year, and Melius Research is pushing Dell....

1 week ago
Alibaba answers Meta’s AI challenge with new laptop-ready model

Alibaba answers Meta’s AI challenge with new laptop-ready model

Alibaba launched a laptop-ready AI model and released the weights of its most powerful Qwen model, escalating its rivalr...

1 week ago
Santoli: Earnings bonanza that lifted market to record may not be all that it appears to be

Santoli: Earnings bonanza that lifted market to record may not be all that it appears to be

The S&P 500 is up more than 6% in 12 trading days to record levels....

1 week ago
Russia targets Danube port after one of Ukraine’s largest aerial attacks of the war

Russia targets Danube port after one of Ukraine’s largest aerial attacks of the war

Russia struck port infrastructure in Ukraine’s Odesa region, damaging a Togo-flagged civilian vessel near Izmail after K...

1 week ago
Strait of Hormuz shipping grinds to a halt ahead of U.S.-Iran ceasefire expiry

Strait of Hormuz shipping grinds to a halt ahead of U.S.-Iran ceasefire expiry

Shipping traffic in the Strait of Hormuz sank to a new low as a ceasefire between the U.S. and Iran is set to expire on ...

1 week ago
China's economy slows further in July as retail sales barely grow, investment slump steepens

China's economy slows further in July as retail sales barely grow, investment slump steepens

The data is reinforcing concerns about the health of the world's second-largest economy, which has grappled with a deepe...

1 week ago
Ferrari Luce: Polarizing EV becomes a $40 million collector’s item

Ferrari Luce: Polarizing EV becomes a $40 million collector’s item

The auction of the Luce comes nearly three months after Ferrari unveiled its first fully electric car, which was priced ...

1 week ago
Japanese automakers vulnerable to one-two punch of Iran war, yen rally

Japanese automakers vulnerable to one-two punch of Iran war, yen rally

Japanese automakers vulnerable to one-two punch of Iran war, yen rally...

1 week ago
Japan second-quarter GDP grows 1.1% on an annualized basis, missing expectations

Japan second-quarter GDP grows 1.1% on an annualized basis, missing expectations

On an annualized basis, Japan saw growth of 1.1%, against estimates of 2%....

1 week ago
Believe the unbelievable in this market — things can be different this time

Believe the unbelievable in this market — things can be different this time

Here is what's so amazing: These four unbelievably performing stocks remain the most hated and feared on Wall Street....

1 week ago
Top U.S. commander acknowledges mental health issues on USS Lincoln

Top U.S. commander acknowledges mental health issues on USS Lincoln

Cooper's visit and statement come after reports of widespread morale and mental health concerns aboard the Lincoln....

1 week ago
Lamborghini unveils Revuelto SV, its most powerful production car ever

Lamborghini unveils Revuelto SV, its most powerful production car ever

Lamborghini's Revuelto SV is a limited-edition V12 hybrid with over 1,050 horsepower, a 2.4-second 0-to-100 kph time and...

1 week ago
The internet's grandma has advice for late bloomers: 'It doesn't all have to be perfect'

The internet's grandma has advice for late bloomers: 'It doesn't all have to be perfect'

Kim Murstein and Gail Rudnick are the duo behind "Excuse My Grandma," an advice podcast that dives into life, love and o...

1 week ago