Financial News

Strategy Stock Is Down 75%: Has Billionaire Michael Saylor's Bitcoin Treasury Experiment Failed?

The bears are taking a victory lap, but there's more to the story than the stock's dip.…

Master Limited Partnership ETFs: AMLP vs. MLPX Faceoff on Fees, Returns, and Yield

Portfolio concentration and sector mix set these energy ETFs apart, shaping risk and diversification for income-focused investors.…

Household worries over finances hit highest level since July 2022, New York Fed survey shows

While the central bank's monthly survey showed the inflation outlook mostly unchanged, the general perception of conditions deteriorated.…

Congress moves toward approving $70 billion for ICE and CBP through Trump's presidency

The U.S. House is expected to vote this week on a $70 billion measure to fund Immigration and Customs Enforcement and Customs and Border Control after delay.…

The hiring recession is over — but landing a new job is much harder than it looks

The May jobs report blew past forecasts. Why is it taking six months to find a new job?…

Convicted FTX founder Sam Bankman-Fried files formal request for Trump pardon

The cofounder of the now defunct FTX crypto exchange is currently serving a 25-year federal prison sentence.…

Judge blocks Trump's $100,000 H-1B visa fee

Trump had imposed the $100,000 fee in order to restrict the program, arguing that it has undermined U.S. security through the "replacement of American workers."…

Four high-yield savings accounts cut their rates. Where you can still earn 4%

BTIG said it was surprised at the recent rate reductions from high-yield savings accounts. Here are the latest annual percentage yields.…

An inflation storm is brewing in the Pacific Ocean — and your portfolio isn’t ready

A looming climate shock threatens to drive up global commodity prices. These investments can help protect your purchasing power.…

Trump nominates Todd Blanche for attorney general amid controversy over DOJ fund

Blanche previously served as a criminal defense lawyer for President Trump.…

Trump’s Washington is suddenly moving toward taking stakes in AI companies. Will it actually happen?

President Donald Trump has joined other influential figures in talking about setting up U.S. taxpayers with ownership stakes in artificial-intelligence companie…

Nvidia CEO Jensen Huang declines Senate testimony on AI, China and exports

Sen. Elizabeth Warren said Nvidia’s CEO should answer questions publicly as lawmakers scrutinize AI chip sales to China and export controls.…

Inflation could top 4% this week. The bond market wants Fed Chair Warsh to prove he’ll fight it.

Investors are growing impatient with inflation that looks unlikely to be tamed on its own.…

Prediction: The Trump Bull Market Will Soon End -- But These 2 Stocks Will Keep Winning Anyway

These stocks may deliver gains during any market environment.…

Knicks ticket prices plunge more than 50% ahead of Game 3 at MSG — but not just because Trump’s going

Ticketing-industry pros say there’s a bigger driver behind some ticket prices dropping several thousand dollars.…

CNBC's The China Connection newsletter: Humanoid robots are great, but they need buyers too

Chinese companies ramp up humanoid robot development and production, often with global aims.…

USDA Secretary Rollins calls Texas ag chief 'unserious' amid screwworm threat

Texas Agriculture Commissioner Sid Miller lost his bid for a fourth term in a March Republican primary, despite Trump's endorsement.…

Pentagon expands list of China military-linked firms to include Alibaba, Baidu in fresh blow to diplomatic thaw

The Pentagon briefly posted a similar expanded list in February, then withdrew it without explanation before Trump's China trip.…

Trump loudly booed at Madison Square Garden before Knicks-Spurs NBA finals game

Trump's decision to attend Game 3 of the NBA Final was controversial for Knicks fans, some of whom feared he would jinx what has been an epic playoff run.…

China trade defies Iran war drag as exports, imports beat estimates in May

China's economy has shown signs of faltering following a strong first-quarter.…

Electric vehicle giant BYD predicts 80% of China car sales will soon be electric

BYD expects China's competitive electric vehicle market to continue growing, even as manufacturers and analysts anticipate domestic demand to taper further.…

Trump says Iran deal could be reached in 'two or three days' and Strait of Hormuz will reopen 'immediately'

Speaking to reporters after attending the NBA Finals in New York, Trump said the two parties are in the final stages of a "very, very good deal".…

What a Kevin Warsh-Led Fed Means for Big Banks Like JPMorgan Chase and Bank of America

The Federal Reserve not only sets monetary policy but also plays a major role in bank regulation.…

Prediction: Fed Chair Kevin Warsh and the FOMC Will Draw President Donald Trump's Ire by Making a Necessary Policy Adjustment Next Week

Warsh and the Federal Open Market Committee (FOMC) can drive the dagger into Trump's hopes for a rate cut at the June 17 meeting.…

Will the Stock Market Crash if the Federal Reserve Raises Interest Rates? Soaring Bond Yields Portend Trouble.

Strong jobs growth and accelerating inflation have raised the odds of Fed rate hikes, causing Treasury bond yields to spike.…

67 million kids haven’t signed up for ‘Trump accounts.’ Here’s what they could be missing out on.

Nearly 6 million American children have been signed up for “Trump accounts,” but millions more are eligible — and they could be leaving free money on the table.…

The Iran war costs more than you think — it boosts inflation and threatens stocks

Pentagon’s ‘fuzzy math’ impacts prices and your portfolio.…

Oil prices slide as Trump says the U.S. is close to an Iran deal

President Donald Trump said a “final determination” is coming on Iran.…

The ‘Three A’s’ are keeping the economy afloat during Iran war. Is it enough to avoid recession?

The U.S. economy may be more fragile than a raging bull market suggests.…

Jerome Powell warns that politicizing Fed will erode its credibility

Former Fed Chair Jerome Powell on Sunday called the Federal Reserve’s independence “a priceless asset” that must be protected, in one of his first major speeche…