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on 06/16/2026

SpaceX leapfrogs Amazon in market cap, briefly jumps Microsoft among top U.S. companies

CEO Elon Musk said Sunday that the company "might be able to reach approximately" $1 trillion revenue in 2030.

on 06/16/2026

Trump signals he could send details of Iran deal to Congress

The peace deal announced Sunday is meeting lukewarm reactions from Congress, including some allies of President Donald Trump.

on 06/16/2026

The new oil? Inside the effort to turn AI computing power into a tradeable commodity

AI compute futures could eventually rival some of the world's largest commodity markets, Silicon Data's Carmen Li believes.

on 06/16/2026

Carvana is expanding into new vehicles. The implications could reshape the U.S. automotive retail market

Carvana has bought seven new vehicle franchises since last year that primarily sell Stellantis' Chrysler, Dodge, Jeep and Ram brands.

on 06/16/2026

FBI says it disrupted alleged plot targeting UFC event at White House

FBI Director Kash Patel said multiple people are in custody after law enforcement disrupted an alleged plot targeting Sunday’s UFC event at the White House.

on 06/16/2026

Prediction market traders speculate Anthropic will restore access quickly to AI model after Trump admin directed it to limit reach

Traders think it's more likely than not that access is restored by July 1.

on 06/16/2026

Self-driving tech supplier Mobileye targets U.S. robotaxi launch in 2027

Self-driving technology supplier Mobileye Global announced it would launch its own robotaxi service Tuesday.

on 06/16/2026

New Wharton forecast puts Social Security trust fund depletion later than official projections

Social Security's retirement trust fund may dry up in February 2033, according to a new report from the Penn Wharton Budget Model shared exclusively with CNBC.

on 06/16/2026

As Hormuz crisis eases, gas prices may drop—other costs like groceries and home goods could stay high for a while

Oil prices are falling after a tentative agreement to reopen the Strait of Hormuz, but broader relief from higher prices may take time.

on 06/16/2026

Novig wins CFTC approval as competition intensifies in sports prediction markets

Novig is building a peer-to-peer sports trading platform that allows users to trade directly against one another rather than bet against the house.

on 06/16/2026

Kevin Warsh's Fed is not expected to make any change to rates for a while, according to CNBC Fed Survey

The survey respondents do expect the Fed at this week's meeting to remove the easing bias in the statement that has signaled the Fed's next move would likely be a cut.

on 06/16/2026

Brent oil dips below $80 per barrel for first time since March

Global oil prices tumbled to a three-month low on Tuesday as the Iran peace agreement dominated the G7 meeting in France.

on 06/16/2026

Trump turns his attention to Ukraine ahead of Iran deal: 'I’m going to do whatever I can’

President Donald Trump said Tuesday that "Russia should make a deal" to end its four-year war in Ukraine.

on 06/16/2026

Yum Brands sells Pizza Hut to private equity firm LongRange Capital and Yum China for $2.7 billion

Yum Brands is selling Pizza Hut, capping off years of struggles for the pizza chain.

on 06/16/2026

How Elon Musk's second-in-command Gwynne Shotwell helped turn SpaceX into an IPO giant

CNBC spoke to people who've worked with SpaceX's president and chief operating officer.

on 06/16/2026

We're buying more of a tech stock with a bright long-term future

This is our third purchase of the stock since adding it to our portfolio June 3.

on 06/16/2026

Nvidia plans to raise at least $20 billion in its first debt sale since start of AI boom

Nvidia is set to raise capital in a debt sale for the first time since 2021, when the chipmaker was a fraction of its current size.

on 06/16/2026

Treasury yields are little changed as Fed begins monetary policy meeting

U.S. Treasury yields were little changed on Tuesday as the Federal Reserve's two-day policy meeting kicked off.

on 06/16/2026

CFTC chair Selig defends decision to approve ‘perps’ in U.S.

Michael Selig said that incumbents will always fear the future, but it's important to develop the new asset class domestically rather than only offshore.

on 06/16/2026

Qualcomm CEO says AI agents will replace apps — as chip giant works on 40 new AI-powered devices

Qualcomm CEO Cristiano Amon said he is bullish on smart glasses which could eventually become as big as the smartphone.

on 06/16/2026

Bank of Japan hikes rates to 1%, highest since 1995, as yen and inflation worries take hold

This is the BOJ's first hike since December, when it raised rates to its current level of 0.75%, also its highest level in over 30 years.

on 06/15/2026

Gavin Newsom says Trump ordered DOJ to investigate him and his wife

California Gov. Newsom called President Donald Trump "simply the most corrupt President in American history."

on 06/15/2026

Anthropic to meet with Trump administration over Mythos dispute

Anthropic received an export control directive that ordered the company to suspend access to its latest AI models by any foreign national.

on 06/16/2026

To be America's Top State for Business in 2026, 'speed to market' wins

CNBC’s 2026 America’s Top States for Business rankings is a race as companies chase record investments in AI and defense in deciding where to locate.