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CNBC World News
May 02, 2024

CNBC's Inside India newsletter: Will AI make or break India?
Can Teleperformance's stock plunge be the canary in the coal mine for what is likely to happen to India because of AI?

CNBC World News
May 02, 2024

Trump Media pushes House to probe 8 firms over short-selling of DJT shares
Donald Trump is the majority shareholder in Trump Media and the best-known user of its Truth Social app. When DJT shares fall, his net worth can take a bit hit.

CNBC World News
May 02, 2024

Abu Dhabi AI firm Presight buys majority stake in technology joint venture AIQ
The new ownership structure will see ADNOC holding 49% of the company and giving it a valuation of $1.4 billion, according to a joint company press release.

CNBC World News
May 02, 2024

UK to suffer slowest growth of all rich nations next year, OECD says
The U.K.'s "sluggish" growth prospects have put it on course to be the worst-performing economy of all advanced nations next year, according to the OECD.

CNBC World News
May 02, 2024

Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff as it looks to refinance debt
Peloton announced Thursday that CEO Barry McCarthy will be stepping down just over two years after he took over from founder John Foley.

CNBC World News
May 02, 2024

Taylor Swift and Drake's label UMG strikes new licensing deal with TikTok to end spat
In a statement Thursday, UMG said the new licensing deal would lead to the return of its artists' music to TikTok.

CNBC World News
May 02, 2024

World's largest olive oil producer says the industry faces one of its toughest moments ever
Spain's Deoleo says the industry must undergo a "profound transformation" as it grapples with one of the most challenging moments in its history.

CNBC World News
May 02, 2024

Taylor Swift's music returns to TikTok after Universal Music agrees new licensing deal, ending spat
In a statement Thursday, UMG said the new licensing deal would lead to the return of its artists' music to TikTok.

CNBC World News
May 02, 2024

U.S. accuses Russia of using chemical weapons in Ukraine, in breach of global ban
The U.S. has formally accused Russia of using chemical weapons against Ukrainian troops.

CNBC World News
May 02, 2024

China is an enemy of the U.S. for a growing number of Americans, Pew poll shows
Americans overwhelmingly hold an unfavorable view of China, with an increasing number labeling the nation as an enemy of the U.S., according to a new survey.

CNBC World News
May 02, 2024

Oil giant Shell beats first-quarter profit estimates, launches $3.5 billion share buyback
British oil giant Shell on Thursday reported stronger-than-expected first-quarter profit, boosted by higher refining margins and robust oil trading.

CNBC World News
May 02, 2024

Novo Nordisk beats profit estimates as sales of weight loss drug Wegovy more than double
Sales of popular weight loss drug Wegovy more than doubled to 9.38 billion kroner.

CNBC World News
May 02, 2024

Shares of Nio soar more than 20% as EV deliveries more than double in April
Hong Kong-listed shares of Chinese electric vehicle maker Nio Inc jumped 20% in early trading, after its vehicle deliveries more than doubled in April.

CNBC World News
May 02, 2024

India's 8.5% growth rate has some 'fluff,' former central bank chief Raghuram Rajan says
India's 8.5% economic growth rate has some "fluff' in it, according to former Reserve Bank of Governor Raghuram Rajan.

CNBC World News
May 02, 2024

'Liquid gold': An olive oil shortage is fueling record prices and food insecurity fears
A shortage of olive oil has driven prices to record highs, fueled a crime surge and pushed the industry into crisis mode.

CNBC World News
May 01, 2024

Microsoft to open new data center in Thailand as it doubles down on AI and Southeast Asia
The U.S. tech giant said it will also commit toward AI skills training for over 100,000 Thais and support local developers.

CNBC World News
May 01, 2024

This family traveled for a year. Here are the biggest mistakes they made
Margaret Bensfield Sullivan talks about the challenges and lessons she learned while traveling with her family to 29 countries in the span of a year.

CNBC World News
May 01, 2024

Amazon CEO Andy Jassy broke federal labor law with anti-union remarks
A National Labor Relations Board judge, citing 2022 interviews with CNBC, Bloomberg and The New York Times, found Amazon CEO Andy Jassy broke labor law.

CNBC World News
May 01, 2024

Long-predicted consumer pullback finally hits restaurants like Starbucks, KFC and McDonald's
Starbucks, Pizza Hut and KFC are among the chains that reported same-store sales declines this quarter.

CNBC World News
May 01, 2024

Qualcomm gives better-than-expected revenue forecast as company pushes AI-powered smartphones
Qualcomm called out strong demand for "premium tier" smartphones that require the most advanced chips.

CNBC World News
May 01, 2024

Viking shares rise 8% after cruise line operator's market debut
The company's initial public offering coincides with a strong rebound in cruise bookings.

CNBC World News
May 01, 2024

DJT shares close down more than 9% as Trump Media hot streak stalls
Trump Media, owner of the Truth Social app, has seen a series of gains for its DJT ticker, even after majority shareholder Donald Trump earned extra shares.

CNBC World News
May 01, 2024

Bitcoin extends its slide to start May, falling to $57,000 as Fed leaves rates unchanged
Bitcoin slid to its lowest level in over two months to kick off May, as the Federal Reserve held interest rates steady.

CNBC World News
May 01, 2024

'Basel III' bank rules could pose unexpected threat to Biden's green energy plans
Renewable energy groups and congressional Democrats are raising alarms about potential harm to clean energy goals from a proposed banking regulation.

CNBC World News
May 01, 2024

Bitcoin pares earlier losses after Fed leaves rates unchanged
Bitcoin intensified its recent slide on Wednesday, falling to its lowest level in over two months.

CNBC World News
May 01, 2024

Google lays off hundreds of 'Core' employees, moves some positions to India and Mexico
Google is laying off more employees and hiring for their roles outside of the U.S.

CNBC World News
May 01, 2024

Viking shares rise more than 10% after cruise line operator's market debut
The company's initial public offering coincides with a strong rebound in cruise bookings.

CNBC World News
May 01, 2024

DJT shares drop more than 8% as Trump Media hot streak stalls
Trump Media, owner of the Truth Social app, has seen a series of gains for its DJT ticker, even after majority shareholder Donald Trump earned extra shares.

CNBC World News
May 01, 2024

Nvidia-backed GPU cloud provider CoreWeave surges to $19 billion valuation
CoreWeave intends to set up more of its clouds full of graphics processing units in more places around the world as it goes up against Amazon and Google.

CNBC World News
May 01, 2024

Trump Media shares plummet more than 5% as hot streak for DJT ticker stalls
Trump Media, owner of the Truth Social app, has seen a series of gains for its DJT ticker, even after majority shareholder Donald Trump earned extra shares.

CNBC World News
May 01, 2024

Why hundreds of U.S. banks may be at risk of failure
Of about 4,000 banks, 282 banks face threats from commercial real estate and higher interest rates, according to a study by Klaros Group.

CNBC World News
May 01, 2024

NYCB shares jump 30% after CEO gives two-year plan for 'clear path to profitability'
CEO Joseph Otting took over NYCB in April after an investor group led by former Treasury Secretary Steven Mnuchin injected more than $1 billion into the lender.

CNBC World News
May 01, 2024

Bitcoin sinks to $57,000 to start May as investors brace for Fed rate decision
Bitcoin intensified its recent slide on Wednesday, falling to its lowest level in more than two months.

CNBC World News
May 01, 2024

DJT shares plummet more than 10% as hot streak for Trump Media stalls
Trump Media, owner of the Truth Social app, has seen a series of gains for its DJT ticker, even after majority shareholder Donald Trump earned extra shares.

CNBC World News
May 01, 2024

Here's everything to expect from the Fed meeting that will move markets on Wednesday
Markets are anticipating a near-zero chance that the policy-setting arm of the central bank will announce any change to interest rates.

CNBC World News
May 01, 2024

BlackRock is opening a Saudi investment firm with initial $5 billion from PIF
The new platform will be called BlackRock Riyadh Investment Management, or BRIM.

CNBC World News
May 01, 2024

Private payrolls increased by 192,000 in April, more than expected for resilient labor market
Private payrolls increased at a faster than expected pace in April, indicating there are still plenty of tailwinds for the U.S. labor market.

CNBC World News
May 01, 2024

Bitcoin nosedives below $57,000 to two-month low ahead of U.S. Fed decision
Bitcoin dropped as low as $56,757.93, falling below $57,000 for the first time since Feb. 28, according to data from CoinGecko.

CNBC World News
May 01, 2024

Here's everything to expect from the Fed that will move markets on Wednesday
Markets are anticipating a near-zero chance that the policy-setting arm of the central bank will announce any change to interest rates.

CNBC World News
May 01, 2024

The Fed would only cut rates to help the U.S. service its soaring debt, fund manager says
The reason the Fed may be tempted to cut rates would be to help the U.S. cover interest payments on the national debt, according to fund manager Freddie Lait.

CNBC World News
May 01, 2024

Privacy breach at Australian airline Qantas gives access to other customers' details
Some customers using the Qantas app on Wednesday were shown the name, flight details and loyalty status of other passengers.

CNBC World News
May 01, 2024

Luxury carmaker Aston Martin slumps 6% as losses nearly double
Adjusted loss before tax was £110.5 million ($137.8 million) compared to a loss of £57.3 million the previous year.

CNBC World News
May 01, 2024

Police use tear gas, water cannons and stun grenades on 'foreign agent' bill protesters in Georgia's capital
Tear gas, stun grenades and water cannons were used by riot police against protesters of Georgia's controversial "foreign agent" bill in its capital Tbilisi.

CNBC World News
May 01, 2024

Luxury carmaker Aston Martin slumps 12% as losses nearly double
Adjusted loss before tax was £110.5 million ($137.8 million) compared to a loss of £57.3 million the previous year.

CNBC World News
May 01, 2024

Aston Martin's losses nearly doubled on lower sales, but carmaker projects growth from new models
Adjusted loss before tax was £110.5 million ($137.8 million) compared to a loss of £57.3 million the previous year.

CNBC World News
May 01, 2024

Europe may need to impose tariffs of up to 55% to curb Chinese EV imports, research says
A new report says Brussels would need to levy higher than expected tariffs of around 50% on Chinese electric vehicles to dissuade their export into the bloc.

CNBC World News
May 01, 2024

The world's happiest countries are targeting net-negative emissions — despite a growing 'greenlash'
Finland and Denmark are both targeting "net-negative emissions" in the years to come — despite an intensifying green political backlash.

CNBC World News
Apr 30, 2024

Hedge funds are ‘dead as a doornail,' says chairman of ultra-rich investors' club Tiger 21
Hedge funds are "dead" as an investment asset class among members of Tiger 21, a network of ultra-high net worth investors, said founder Michael Sonnenfeldt.

CNBC World News
Apr 30, 2024

Binance co-founder Zhao set to keep on growing his $33 billion fortune even as he heads to prison for four months
Binance founder Changpeng Zhao expected to see his $33 billion personal fortune continue to climb while he's in prison.

CNBC World News
Apr 30, 2024

Tesla shares drop nearly 6% after Musk cuts about 500 jobs in Supercharger team
Tesla is continuing a sweeping reorganization and laying off some 500 employees from its Supercharger team.

CNBC World News
Apr 30, 2024

AMD says it will sell $4 billion in AI chips this year; stock drops on in-line forecast
AMD sells AI chips that compete with Nvidia, but it makes most of its money from PC chips.

CNBC World News
Apr 30, 2024

Starbucks shares sink 12% as coffee chain slashes 2024 forecast amid same-store sales drag
Across all regions, Starbucks reported shrinking same-store sales and falling traffic.

CNBC World News
Apr 30, 2024

Amazon profit more than triples, topping Wall Street expectations
Amazon surpassed analyst expectations for revenue and earnings in the first quarter.

CNBC World News
Apr 30, 2024

Amazon beats on top and bottom lines, driven by growth in cloud and digital ads
Amazon surpassed analyst expectations for revenue and earnings in the first quarter.

CNBC World News
Apr 30, 2024

Binance founder Changpeng Zhao sentenced to 4 months in prison after plea deal
Five months after pleading guilty to money laundering violations, Binance founder Changpeng Zhao was sentenced to four months in prison.

CNBC World News
Apr 30, 2024

Starbucks shares sink 10% as same-store sales fall, quarterly results miss
Starbucks reported earnings after the bell. Here are the results.

CNBC World News
Apr 30, 2024

Trump could drive inflation higher with his second-term economic agenda, analysts say
Donald Trump has blamed President Joe Biden for stubbornly high inflation during Biden's presidency.

CNBC World News
Apr 30, 2024

Cyberattack on UnitedHealth firm forces doctors to dig into personal savings to stay afloat
Many doctors have been left without a way to get paid for their services.

CNBC World News
Apr 30, 2024

Here's everything to expect when the Fed wraps up its meeting Wednesday
Markets are anticipating a near-zero chance that the policy-setting arm of the central bank will announce any change to interest rates.

CNBC World News
Apr 30, 2024

Cannabis stocks surge as Biden administration moves to reclassify marijuana
Stocks linked to cannabis surged on an otherwise down day for the market.

CNBC World News
Apr 30, 2024

McDonald's earnings miss estimates as diners pull back, Middle East boycotts hit sales
McDonald's shares have fallen 7.5% over the last year, dragging its market value down to $197 billion.

CNBC World News
Apr 30, 2024

Trump Media shares rise again, jump 50% in the past week
The stock has had several volatile days in the past month, trading at a high of about $60 a share and a low of just over $20 per share.

CNBC World News
Apr 30, 2024

Eight newspaper publishers sue Microsoft and OpenAI over copyright infringement
Eight newspaper publishers alleged that Microsoft and OpenAI used millions of their articles without payment or permission to train AI models like ChatGPT.

CNBC World News
Apr 30, 2024

McDonald's and other big brands warn that low-income consumers are starting to crack
Higher prices have weighed on customers in an array of industries that interact with consumers.

CNBC World News
Apr 30, 2024

DJT: Trump Media shares rise again; are up 50% in the last week
The stock has had several volatile days in the past month, trading at a high of about $60 a share and a low of just over $20 per share.

CNBC World News
Apr 30, 2024

Amazon set to report first-quarter earnings after the bell
Wall Street expects Amazon to report 12% revenue growth, a modest acceleration from a year earlier.

CNBC World News
Apr 30, 2024

Jeep maker Stellantis down 10% on sharp fall in revenue as it prepares for slew of new models
Global automaker Stellantis on Tuesday reported a 12% decline in revenue in the first quarter, citing lower sales and foreign exchange effects.

CNBC World News
Apr 30, 2024

Treasury Department announces new Series I bond rate of 4.28% for the next six months
The U.S. Department of the Treasury announced the new rate for Series I bonds through October 2024.

CNBC World News
Apr 30, 2024

HSBC beats expectations in first-quarter earnings; CEO Noel Quinn to retire
The company also announced the surprise retirement of Group Chief Executive Officer Noel Quinn.

CNBC World News
Apr 30, 2024

Jeep maker Stellantis down 7% on sharp fall in revenue as it prepares for slew of new models
Global automaker Stellantis on Tuesday reported a 12% decline in revenue in the first quarter, citing lower sales and foreign exchange effects.

CNBC World News
Apr 30, 2024

Meta hit with major EU probe into disinformation handling ahead of European elections
The European Commission is investigating Meta over concerns the company hasn't done enough to tackle disinformation ahead of upcoming elections.

CNBC World News
Apr 30, 2024

Dubai's new airport will be five times the size of its current one and aims to be the largest in the world
Dubai's Al Maktoum International Airport will be the biggest in the world once completed.

CNBC World News
Apr 30, 2024

Jeep-maker Stellantis down 7% on sharp fall in revenue as it prepares for slew of new models
Global automaker Stellantis on Tuesday reported a 12% decline in revenue in the first quarter, citing lower sales and foreign exchange effects.

CNBC World News
Apr 30, 2024

Walmart launches new grocery brand, as it tries to hang on to inflation-fueled growth
The nation's largest grocer sees room to build on its inflation-fueled grocery gains.

CNBC World News
Apr 30, 2024

Eli Lilly beats on quarterly profit, hikes full-year guidance on strong sales of Zepbound, Mounjaro
Zepbound reported $517.4 million in sales for the quarter, even as most doses of the drug slipped into shortages in the U.S.

CNBC World News
Apr 30, 2024

5 things to know before the stock market opens Tuesday
Here are the most important news items that investors need to start their trading day.

CNBC World News
Apr 30, 2024

'An intense five years': Read HSBC CEO Noel Quinn's surprise resignation statement
HSBC CEO Noel Quinn said it is "now the right time for me to get a better balance between my personal and business life."

CNBC World News
Apr 30, 2024

Euro zone inflation steady at 2.4%, keeping June rate cut in play as economy returns to growth
Price rises in the 20-nation euro area held steady at 2.4% in April, while the economy returned to growth in the first quarter.

CNBC World News
Apr 30, 2024

Binance's billionaire founder to find out if prison time is coming — here's what lawyers are expecting
Binance founder Changpeng Zhao will find out in a federal courtroom in Seattle whether he will be spending time in prison.

CNBC World News
Apr 30, 2024

Asia's first spot bitcoin and ether ETFs debut in Hong Kong
Hong Kong on Tuesday became the first in Asia to offer retail investors the ability to trade the cryptocurrencies at spot prices.

CNBC World News
Apr 30, 2024

IMF chief warns of emerging market risk with high U.S. interest rates
The benchmark rates of most advanced economies soared in recent years, as central banks aimed to tame inflation following the Covid-19 pandemic.

CNBC World News
Apr 30, 2024

Microsoft to invest $1.7 billion into AI infrastructure in Indonesia, CEO Satya Nadella says
The funds will also go toward training 840,000 Indonesians in AI skills and supporting the local community of developers.

CNBC World News
Apr 30, 2024

Europe may need to impose tariffs of up to 55% to curb Chinese EV imports: report
A new report says Brussels would need to levy higher than expected tariffs of around 50% on Chinese electric vehicles to dissuade their export into the bloc.

CNBC World News
Apr 30, 2024

Jeep-maker Stellantis reports sharp fall in revenue as it shifts car portfolio
German carmaker Volkswagen on Tuesday said its operating profit dropped by 20% in the first quarter of 2024 compared to the the same period a year earlier.

CNBC World News
Apr 30, 2024

HSBC beats expectations in first quarter earnings; CEO Noel Quinn to retire
The company also announced the surprise retirement of Group Chief Executive Officer Noel Quinn.

CNBC World News
Apr 30, 2024

Volkswagen profit drops 20% in first quarter on lower sales
German carmaker Volkswagen on Tuesday said its operating profit dropped by 20% in the first quarter of 2024 compared to the the same period a year earlier.

CNBC World News
Apr 30, 2024

A viral conspiracy theory on TikTok says nice people don't get promoted. But experts disagree
A Viral TikTok claiming nice workers never get promoted has 8 million views: "They know they can keep serving you s--t on a platter and you'll eat it with a smile."

CNBC World News
Apr 30, 2024

F1's fanbase is shifting — and the 'Netflix effect' is only part of that
Since its release in 2019, "Formula 1: Drive to Survive" has been credited with everything from helping F1 crack the U.S. to rejuvenating the sport itself.

CNBC World News
Apr 30, 2024

HSBC beats expectations in first quarter earnings; Group CEO Noel Quinn to retire
HSBC has approved a first interim dividend of 10 cents per share, as well as a special dividend of 21 cents per share.

CNBC World News
Apr 30, 2024

Covid caused a ‘massive spike' in yacht sales — now some of those boats are back on the market
Several years after a buying frenzy, the yachting industry is seeing a sudden rush of pre-owned yachts hit the brokerage market.

CNBC World News
Apr 29, 2024

Samsung Electronics' operating profit jumps 933% in first quarter, beats expectations
Samsung Electronics on Tuesday said operating profit for the first quarter jumped as memory chip prices rebounded on the back of AI optimism.

CNBC World News
Apr 29, 2024

IMF raises its Asia growth forecast for 2024, highlights India's growth and China stimulus as key drivers
The upward revision reflects upgrades for China, the IMF said, where it expects policy stimulus to provide support.

CNBC World News
Apr 29, 2024

86% of expats report being stressed out, but study suggests they may also cope better with burnout
Expats are a crucial part of the global workforce today. Although they experience higher levels of stress, they also exhibit more vitality than locals.

CNBC World News
Apr 29, 2024

Samsung Electronics' operating profit jumps 932.8% in first quarter, beats expectations
Samsung Electronics on Tuesday said operating profit for the first quarter jumped as memory chip prices rebounded on the back of AI optimism.

CNBC World News
Apr 29, 2024

DJT: Why Trump Media shares closed more than 12% higher
Trump Media, trading under the DJT ticker, has more than doubled in share price during the criminal trial of majority shareholder Donald Trump.

CNBC World News
Apr 29, 2024

Paramount says CEO Bob Bakish is stepping down, will be replaced by a trio of executives
Paramount Global CEO Bob Bakish is out, the company announced Monday, as merger negotiations with Skydance Media continue.

CNBC World News
Apr 29, 2024

Skydance extends final offer to Paramount as merger talks stick on a possible shareholder vote
A potential dealbreaker is whether to hold a so-called "majority of the minority" vote on the deal, which would grant common shareholders potentially sway.

CNBC World News
Apr 29, 2024

Morgan Stanley banker sees 10 to 15 more tech IPOs in 2024, and a 'better year' in 2025
Morgan Stanley, which led the Reddit and Astera Labs IPOs, expects 10 to 15 more tech offerings this year and a "better year" in 2025.

CNBC World News
Apr 29, 2024

Tesla jumps 15% after passing key hurdle to roll out advanced driver-assistance tech in China
Shares of Tesla rose sharply after the company passed a significant milestone to roll out its advanced driver-assistance technology in China.

CNBC World News
Apr 29, 2024

DJT: Why Trump Media shares are soaring more than 12%
Trump Media, trading under the DJT ticker, has more than doubled in share price during the criminal trial of majority shareholder Donald Trump.

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