Tech backlash reaches fever pitch as AI angst collides with social media fears
With data center concerns becoming a major election issue and Meta reaching a landmark settlement in a social media case, the tech backlash is gaining steam.
Trump announces deal with Venezuela to secure more than 65 billion barrels of oil reserves
The U.S. struck a deal with Venezuela to get majority control of more than 65 billion barrels of oil reserves, Trump said in a social media post.
K, C or E? Why economists can’t agree on the shape of today’s economy
Economists have long viewed the post-pandemic economy as "K"-shaped. That consensus has now evaporated.
Iran trade falls as Supreme Leader Khamenei urges less reliance on the U.S. dollar
Iran's president says sanctions are hitting imports and exports, as its supreme leader urges less reliance on the U.S. dollar.
Buffett remains active at 96, but Berkshire's shares aren't doing much
Warren Buffett will be celebrating his 96th birthday on Sunday, but Berkshire Hathaway investors aren't celebrating the stock's anemic performance.
Goodyear burning rubber and cash as turnaround plan continues
The tire maker has an ongoing turnaround plan as the company tries to restructure its business, refinance and pay down years of debt.
Bessent attacks Warren over yen intervention query, offers ‘Foreign Exchange for Dummies’ lesson
Treasury has not disclosed how much yen it bought, the execution rate or the current value of the position, despite Warren’s requests for details.
Imax says it's open to a sale. Why is no one buying?
Imax's stock and box office are breaking records, but studio conflicts and a soaring valuation complicate the list of who could bid for the company.
Trump’s Greenland fixation puts security at the heart of Iceland’s knife-edge EU vote
Trump’s push to acquire Greenland and growing uncertainty over U.S. security commitments have added a geopolitical dimension to Iceland’s EU debate.
Analysis: Kevin Warsh sharpens inflation warning at Jackson Hole, signaling possible rate hike
After confusing markets at his July news conference, Fed Chairman Kevin Warsh used Jackson Hole to give a clearer view of the case for higher interest rates.
Corn and wheat prices jump to highest prices in more than three years
Corn and wheat futures have surged to their highest levels in more than three years. But the reasons for these recent rallies are notably different.
Stock traders warm up to Warsh as volatility index touches year-to-date low
The Cboe Volatility Index (VIX), which measures the price of 30-day options on the S&P 500 Index, fell to as low as 14.1.
What we learned from Warsh's Jackson Hole speech, and GE Vernova's CFO to retire
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Apple hikes subscription prices for Apple TV and Apple One in the U.S.
Apple raised prices for Apple Music by $1 per month in July, citing licensing costs.
Opinion: Dolly Parton was underestimated for decades. That became one of her greatest strengths
In a candid 2015 interview, Dolly Parton told CNBC's Tania Bryer about depression, ambition and the business decisions that defined her career.
How Taylor Farms became integral to America's food supply system
Taylor Farms and other suppliers have become larger and more integral to the U.S. food system, complicating foodborne illnesses such as cyclosporiasis.
Mark Walter's insurer Delaware Life sees two banks pause sale of its products amid probes
Walter's holding company earlier in the week said "there has been no fraud" at Delaware Life and its affiliated company, Clear Spring Life and Annuity.
Trump loses bid to transfer New York hush money case to federal court
Trump's conviction in the hush money case relates to conduct that preceded the 2016 presidential election, which led to his first term in the White House.
U.S. appeals court rules against prediction markets, sets up likely fight at Supreme Court
The 9th U.S. Circuit Court of Appeals ruled that sports-related event contracts are not swaps, contradicting a 3rd Circuit ruling from April.
Treasury moves to sanction UAE branch of Egyptian bank over Iran ties
Banque Misr UAE processed about $1.8 billion over two years for some 100 companies that are potentially part of Iran's shadow banking network, Treasury said.
Iran calls for global pushback against U.S. sanctions, says diplomacy 'isn't impossible'
Iran said the conflict in the Gaza Strip has to end, Israel has to withdraw from Lebanon and also halt its attacks on Syria.
Fed Chairman Warsh expresses concern about inflation, advocates for 'quieter' central bank
He used the speech to outline his philosophy on policymaking while carefully sidestepping any signals
2-year Treasury yield jumps as Warsh says Fed may 'have work to do'
Investors assessed Federal Reserve Chair Kevin Warsh's hawkish message in his keynote address at Jackson Hole.
CEO of buy now, pay later giant Affirm says high gas prices are hitting U.S. shoppers
The national average price for gas is at $4.09 per gallon and was last below $3 on March 2.