Depleted strategic oil reserve nears level that raises concerns about damage to caverns, operations
The rapid drawdown of the U.S. Strategic Petroleum Reserve could damage the caverns that store the oil, experts warn.
Anthropic revenue reportedly jumps to more than $11.5 billion in second quarter
The jump in revenue underscores the rapid growth of the Claude chatbot maker as it prepares for a potential blockbuster initial public offering.
Iran rebuffs Trump's claim over Strait of Hormuz amid report of another ship being struck
Iran's deputy foreign minister says Hormuz "will remain Iranian" after Trump's claim that the waterway would soon become U.S. territory.
Prediction markets and sports betting: How this UK exchange is trying to do both in the U.S.
Smarkets is entering the U.S. prediction market race but also applying to run as a sportsbook within states amid regulatory uncertainty at the federal level.
Nvidia discloses $21 billion stake in SpaceX at end of second quarter
Nvidia's stake in SpaceX, which came through an investment in xAI, was worth about $21 billion at the end of the second quarter.
Between earn-nothing cash, broken long-term bonds, these are the safety trades of 2026 market
Investors have flocked to short-term investments like ultra-short bond funds in anticipation of a stock market correction and with long-term bonds broken.
Berkshire adds $17 billion to Alphabet stake
Google parent Alphabet is now the third largest holding in Berkshire Hathaway's equity portfolio.
Marijuana reform is emerging as a midterm elections issue on both sides of the aisle
With November's midterms fast approaching, cannabis reform is an issue. It's popular with voters, but its power to tilt elections remains uncertain.
I drove Tesla FSD, Rivian Autonomy+ ‘hands-free’ driving systems. Here’s how they compare
Rivian is trying to catch up to Tesla's "hands-free" capabilities, but with additional safety guardrails that the Elon Musk company doesn't have.
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 a $741,172 starting price.
Trump family-backed crypto firm World Liberty gets conditional bank charter approval
The OCC conditionally approved World Liberty Trust Co.’s national trust bank charter. That would allow the Trump family-backed firm to issue stablecoins.
How long will software-defined cars last? The auto industry doesn't know yet
Cars that run on software offer benefits automakers and many customers say older cars cannot compete with. But some analysts worry the vehicles might not last.
College can cost $100,000 a year. Here's how families are covering the tab
Because families struggle to pay for school, many students and their parents increasingly depend on federal and private aid to help foot the bill.
AOC says she's been saving up to freeze her eggs. Here's how much the procedure can cost
AOC is highlighting the cost of freezing her eggs. Here's what to know about health insurance coverage, state laws and taxes associated with the process.
Beijing is said to move to clarify tax rules stoking confusion among China's ultra-wealthy
Beijing is said to be moving to clarify ambiguities in new tax rules on offshore trusts after the policy sowed confusion among wealthy Chinese and advisors.
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 complications and fewer drinkers.
Inflation moderated as Intel and Nvidia fueled the AI trade in last week's market
No surprises on inflation and new financing developments in the artificial intelligence trade drove the record-breaking action on Wall Street last week.
Regulators and banks step up scrutiny of prediction markets
The CFTC is reviewing prediction betting platforms' so-called mention markets, people familiar with the matter confirmed to CNBC.
Russia's economy has defied the skeptics. Cracks are getting harder to hide
Russia's wartime economy is under growing strain as its budget deficit widens and analysts warn pressure could intensify next year.
New CNBC Generation Lab poll shows almost half of 18- to 34-year-olds see democratic socialism positively
New CNBC Generation Lab poll shows almost half of 18- to 34-year-olds see democratic socialism positively and nearly 80% see the U.S. economy negatively.
Mamdani's NYC pied-à-terre tax can continue rollout during court appeal
The tax championed by Mayor Zohran Mamdani has drawn the ire of President Donald Trump, who said it must be stopped and vowed to explore federal options.
OpenAI talent exodus raises 'huge red flag' ahead of IPO
OpenAI's C-suite turnover gives investors another reason for concern as the company pushes toward a mammoth IPO.
Luigi Mangione pleads guilty in federal case related to UnitedHealthcare CEO killing
Mangione's lawyers argue his federal plea bars his prosecution for murder in state court for Brian Thompson's slaying due to New York's double jeopardy law
Trump asks Supreme Court to let White House ballroom construction continue
President Donald Trump tore down the White House East Wing to make way for the ballroom project.