News from CNBC Business
What is your interest today?
Jensen Huang’s charitable foundation balloons on Nvidia stock gains
The value of the foundation established by Jensen Huang and his wife has increased substantially due to the rise in Nvidia's stock, growing from an initial $13.2 million to an esti...
Read Full Article →Chime opens at $43 in Nasdaq debut after pricing IPO above expected range
Chime’s initial public offering received strong investor interest, resulting in a higher-than-anticipated price and a notable debut on the Nasdaq stock exchange under the CHYM tick...
Read Full Article →GameStop shares tank 20% as retailer reveals convertible debt offering, trading cards plan
The company’s decision to issue $1.75 billion in convertible notes aims to finance its bitcoin acquisition, impacting investor sentiment and contributing to a notable decline in it...
Read Full Article →Oracle shares pop 15% to record high on earnings beat, cloud optimism
Investors responded positively to Oracle’s stronger-than-anticipated financial results and optimistic future projections, resulting in a notable increase in the company’s stock val...
Read Full Article →Here are the three reasons why tariffs have yet to drive inflation higher
Despite the implementation of tariffs, key economic indicators have not demonstrated a noticeable increase in overall price levels, suggesting limited immediate impact on inflation...
Read Full Article →Oil prices fall as traders watch Israel-Iran conflict
The recent fluctuations in crude prices reflect market sensitivity to geopolitical tensions in the Middle East, highlighting the potential impact on global energy supply and econom...
Read Full Article →Mutual funds vs. ETFs — the difference and the role they can play in your portfolio
Both mutual funds and ETFs offer investors opportunities to diversify assets, impacting portfolio growth and risk management through different structures and cost considerations.
Read Full Article →India's headline inflation eases to cooler-than-expected 2.82% in May as food prices slide
The lower-than-anticipated inflation rate in May, driven by declining food costs, may provide the Reserve Bank of India with greater flexibility to reduce interest rates, potential...
Read Full Article →Nvidia CEO says this is the decade of robotics and autonomous vehicles
The growing development and adoption of robotics and self-driving technologies are expected to drive significant economic growth and investment opportunities throughout this decade...
Read Full Article →UK economy shrank sharply in April as Trump tariffs and tax rises kicked in
In April, the United Kingdom experienced a notable economic contraction influenced by increased international trade barriers and higher domestic taxation, according to recently rel...
Read Full Article →Huawei 'has got China covered' if the U.S. doesn't participate, Nvidia CEO tells CNBC
The Nvidia CEO indicated that Huawei’s strong presence in China could shape the market dynamics and investment opportunities if U.S. companies reduce their involvement there.
Read Full Article →BP takeover speculation heats up as UAE oil giant ADNOC enters the fray for gas assets
BP's ongoing challenges compared to competitors have increased investor interest, especially as ADNOC's involvement signals potential shifts in asset ownership and valuation within...
Read Full Article →Nvidia's first GPU was made in France — Macron wants the country to produce cutting edge chips again
French President Emmanuel Macron emphasized the importance of reviving domestic semiconductor manufacturing capabilities to boost the technology sector and reduce reliance on inter...
Read Full Article →Trade tensions aren't stopping Chinese companies from pushing into the U.S.
Despite ongoing political disagreements, Chinese firms continue to prioritize the U.S. market, with recent initial public offerings reflecting significant financial focus on Americ...
Read Full Article →Databricks says annualized revenue will reach $3.7 billion by next month
Databricks informed stakeholders that its projected yearly revenue is expected to grow to $3.7 billion by July, reflecting a substantial increase compared to the previous year.
Read Full Article →Elon Musk's favorability among Republicans dropped 16 points since March, Quinnipiac says
A decrease in Elon Musk’s support within the Republican base may influence investor confidence and market perceptions related to his business ventures and leadership roles.
Read Full Article →PBS, NPR funding on the line as House nears final vote on $9.4 billion in DOGE-backed cuts
The upcoming House vote on a proposal involving $9.4 billion in reductions supported by DOGE-related measures could impact funding for public media organizations amid mixed reactio...
Read Full Article →Chime prices IPO at $27 per share, valuing fintech company at $11.6 billion ahead of Nasdaq debut
Chime’s initial public offering, set at $27 per share, establishes a market value of $11.6 billion and draws attention to investor interest in the evolving fintech sector ahead of...
Read Full Article →Oil prices rise more than 4% on escalating U.S.-Iran tensions
The increase in crude costs reflects growing geopolitical risks in the Middle East, which could potentially disrupt supply chains and influence global energy markets, affecting pri...
Read Full Article →Oracle shares climb 8% as earnings, revenue top estimates
Oracle’s recent financial results exceeded analyst predictions, leading to a notable increase in its stock value amid forecasts of higher-than-anticipated revenue growth by fiscal...
Read Full Article →Bessent floats extending tariff pause for countries in 'good faith' trade talks
Extending the temporary suspension of tariffs for nations engaged in sincere negotiations could potentially influence trade dynamics and economic relations by delaying immediate fi...
Read Full Article →Shaquille O’Neal to pay $1.8 million to settle FTX investor lawsuit
Shaquille O’Neal’s agreement to contribute $1.8 million resolves legal claims related to his role in endorsing the cryptocurrency platform FTX, impacting both investors and financi...
Read Full Article →Trump's 'done' deal with China: Trade damage will remain, logistics firms and retailers say
Despite official claims that the agreement with China is finalized, industry experts indicate that ongoing challenges in trade and shipping will continue to impact businesses and f...
Read Full Article →Small retailers on 'vacation from hell' as they seek clarity on Trump's China tariffs
Many small retailers continue to face financial challenges due to ongoing uncertainty surrounding trade policies, despite temporary market improvements following the recent tariff...
Read Full Article →Chime's IPO will test public market appetite for fintech as companies line up to exit
The upcoming public offering of Chime marks a significant moment for the fintech sector, highlighting cautious investor sentiment amid lowered company valuations following a prolon...
Read Full Article →Howard Schultz says he 'did a cartwheel' when Starbucks CEO Niccol coined 'back to Starbucks' strate...
Howard Schultz highlighted the positive impact of the recent strategic initiative introduced by CEO Niccol, emphasizing its potential to enhance Starbucks' revenue growth and stren...
Read Full Article →3 key things Nvidia's CEO said in Paris, plus Capital One strikes a positive tone
Nvidia's leadership comments in Paris highlighted strategic growth opportunities, while Capital One's optimistic outlook contributed to a favorable market sentiment during the fina...
Read Full Article →Is it smart to buy a home right now? The U.S. housing market is a 'mixed bag,' broker says
Although home prices continue to pose challenges, current market conditions in 2025 have provided buyers with increased leverage during negotiations, affecting overall financial co...
Read Full Article →Healthy Returns: Ozempic, Wegovy linked to rare cases of serious eye condition
Novo Nordisk’s medications associated with uncommon but severe eye issues may impact the company’s valuation, as emerging health technology firms continue to gain significant inves...
Read Full Article →U.S. tariffs on China won't change again, Lutnick says after trade talks
The stabilization of U.S. tariffs following recent discussions may influence trade dynamics and economic activities between the two countries, potentially affecting markets and inv...
Read Full Article →