Economy

The OPEC logo on the building of the Organization of the Petroleum Exporting Countries. Thomas Coex | Afp | Getty Images The oil-producing Organization of the Petroleum Exporting Countries and its allies could extend existing output cuts this week, delegates and analysts told CNBC, even as focus shifts from Middle East tensions to summer demand. […]

SoftBank CEO Masayoshi Son announced a $100 billion investment in the U.S. over the next four years during a Monday visit to President-elect Donald Trump’s residence Mar-a-Lago in Palm Beach, Florida. The billionaire investor and founder of the Japanese tech-investing firm promised in the joint announcement with Trump to create 100,000 jobs at a minimum […]

Super Micro Computer CEO Charles Liang appears the Computex conference in Taipei, Taiwan, on June 5, 2024. Annabelle Chih | Bloomberg | Getty Images Super Micro Computer joined the Nasdaq 100 in July. Five months later, it’s out, and the stock is down 7% on the news. Nasdaq said late Friday that Super Micro is […]

US President Joe Biden speaks during an event in Madison, Wisconsin, US, on Monday, April 8, 2024. Daniel Steinle | Bloomberg | Getty Images With weeks to go before President-elect Donald Trump takes office, the Biden administration is still taking steps to deliver sweeping student loan forgiveness to millions of Americans. The U.S. Department of […]

Mayor Eric Adams speaks to the press during the weekly briefing at the City Hall about the ongoing programs in New York City. Lev Radin | Lightrocket | Getty Images President-elect Donald Trump said Monday that he would “certainly look at” issuing a pardon for New York City Mayor Eric Adams. “I think that he […]

CFOTO | Nurphoto | Getty Images Michael Saylor compared bitcoin to New York City and its economy on Monday as the cryptocurrency rose to fresh records, calling it “cyber Manhattan.” “We’ll just keep buying the top forever, every day is a good day to buy bitcoin,” the founder and chairman of MicroStrategy said on CNBC’s […]

Courtroom sketch of James Patten, left, and attorney Ira Sorkin at N.J. District Court in Camden, N.J., Oct. 11, 2022 Source: Elizabeth Williams Federal prosecutors are recommending a relatively light prison sentence for a man who pleaded guilty to securities fraud in the notorious $100 million New Jersey deli stock manipulation case — and some […]

The sun rises behind the skyline of midtown Manhattan, the Chrysler Building and the Empire State Building on a day with an extreme heat warning in New York City on July 2, 2026, as seen from Jersey City, New Jersey. Gary Hershorn | Corbis News | Getty Images A prolonged and dangerous period of extreme […]

U.S. Rep. Dan Meuser (R-Pa), left, and Rep. Gil Cisneros (D-Calif.) right U.s House Of Representatives | Via Reuters | Bill Clark | Cq-roll Call, Inc. | Getty Images Two members of Congress — Rep. Dan MeuserR-Pa., and Rep. Gil CisnerosD-Calif. — have disclosed that they or their family members bought SpaceX stock in the […]

An airport lounge — without the security screening or boarding pass. Credit card companies American Express and Chase are increasingly waging their luxury lounge wars outside the airport. From an air-conditioned retreat in the middle of the desert at Coachella to an exclusive athlete meet-and-greet at the Paris Olympics, these companies are investing big in […]