CNBC
Coverage of CNBC in the Nexus archive.
- No more doom scrolling or Instagram Stories? A Meta trial loss could end the social media we know
A potential loss in a Meta trial is suggested to could fundamentally change social media platforms like Instagram Stories and practices such as doom scrolling. One analyst comparing these current trials to the Big Tobacco lawsuits of the 90s believes that the outcome will likely be analogous.
- Hyundai is weighing a massive expansion of its Georgia car plant, citing tariffs
Hyundai plans a massive expansion at its Georgia car plant. This move, according to CEO José Muñoz speaking to CNBC, would establish the Bryan County facility as the largest vehicle assembly plant by capacity in the U.S.
- How wealthy families can prepare for aging parents and avoid a succession crisis
Advisors and lawyers informed CNBC that relatively few wealthy families are addressing a crucial question: when an aging parent should relinquish control. This lack of preparation for handing over control can lead to a succession crisis.
- Workers can't agree if junior employees should use AI at work: CNBC survey
According to the CNBC and SurveyMonkey Quarterly AI and Jobs Survey, workers are divided on how junior colleagues should ideally use artificial intelligence (AI) in a work setting. The survey found disagreement among employees regarding suitable usage guidelines for junior personnel.
- Former CDC advisor says decline in kindergarten vaccinations nothing to worry about: 'Keep calm and carry on'
The CDC reported a slight 0.1% decline in U.S. kindergarten vaccination coverage for the 2025-2026 school year and an increase in exemptions. Former CDC advisor Dr. Robert Malone downplayed this decrease, arguing that global measles outbreaks necessitate vigilance despite the falling compliance rates. He stressed that vaccination remains the most effective protection against infection.
- Ohio Gov. Mike DeWine cheers what he says is an economic boom, as possible successors debate policy
Governor Mike DeWine celebrated what he views as economic successes in Ohio, citing historical job growth and low unemployment rates after CNBC rated the state a Top State for Business. In contrast, Vivek Ramaswamy proposed achieving an economic revival by implementing a phase-out of the state income tax. DeWine rejected this policy change, arguing that current businesses are more concerned with factors like workforce availability and infrastructure than the local income tax rate.
- Sea Ray parent Brunswick bets on AI navigation and new revenue streams to help stalling boat sales
Sea Ray parent Brunswick is betting on AI navigation and new revenue streams to address stalling boat sales. David Foulkes, CEO of Brunswick Corp., informed CNBC that premium boat sales are currently staying afloat, though value options continue to lag.
- What will TV look like in three years? Media insiders share their predictions
Media insiders were approached by CNBC to predict the future of the TV market. The discussion covers key trends over a three-year period, including potential shifts in pay TV subscribers and changes to sports ratings.
- Inside NYC’s K-Shaped Economy: A Few Do Well, Most Do Not
New York City's economy is characterized as K-shaped, with millionaires capturing over half of all income growth since the pandemic. Meanwhile, poverty rates in NYC have reached record highs, leading more residents to rely on safety net benefits like SNAP and cash assistance. Experts note this disparity creates a highly polarized environment.
- Airbnb CEO Brian Chesky says AI writes 60% of its code—and sustaining ‘founder mode’ is the key to winning in the age of AI
Airbnb CEO Brian Chesky stated that winning in the age of AI requires companies to embrace a 'founder mode' mentality rather than a 'manager mode.' He noted that AI is accelerating Airbnb’s development, writing 60% of new code and helping reduce time from concept to launch by up to 60%. The company plans to invest more in AI tokens for initiatives across search, sign-up, checkout, and payments.
- World’s largest jeweler bets on platinum despite falling silver prices, CEO tells CNBC
Pandora, identified as the world’s largest jeweler, is implementing a strategy that focuses on platinum-plated jewelry. This move aims to reduce the company's exposure to fluctuating silver prices despite the metal experiencing recent declines.
- Myspace eyes comeback as an an 'antidote' to social media fatigue — but it may be a long shot
Myspace is reportedly eyeing a comeback, positioned as an antidote to social media fatigue. This interest reflects nostalgia for a more analog time when algorithms were less dominant in people's lives, according to an analyst who told CNBC.
- Jamie Dimon waves off Wall Street ‘squealing like stuck pigs’ over Warsh’s Fed: ‘It makes tremendous sense’
Kevin Warsh, the new chairman at the Federal Reserve, has adopted a minimum viable communications approach that has been criticized by Wall Street for reducing transparency and guidance. Jamie Dimon of JPMorgan Chase supports Warsh’s methods, stating his direction makes "tremendous sense," despite market turbulence over changes to inflation frameworks and communication practices. Warsh has established several task forces to examine topics including data quality, AI, and the balance sheet.
- JPMorgan CEO Jamie Dimon says the AI spending boom is likely to pay off
JPMorgan CEO Jamie Dimon stated that AI spending in the US is likely to pay off, noting that data center construction has boosted U.S. GDP and created demand for materials. He expressed optimism about continuous economic growth driven by AI infrastructure investments. Despite acknowledging potential concerns regarding resource rationality or a cooling market, Dimon believes the need for frontier models and inferencing is dramatically increasing.
- Roundup: Metal waste exports / Hiring slows / Mortgage demand
The U.S. will ban exports of lithium-ion battery scrap and tungsten waste for one year to strengthen domestic supply chains and reduce reliance on China. Private employers added 44,000 jobs in July, the lowest this year, with strong wage growth for job changers. Mortgage applications fell as rates hit 6.81%, the highest in over a year, though rates have since declined.
- Procter & Gamble will acquire supplements brand Thorne for $3.8 billion, CEO tells CNBC
Procter & Gamble will acquire supplements brand Thorne for $3.8 billion. P&G CEO Shailesh Jejurikar stated the acquisition aims to grow the company's health business.
- Polymarket in talks for fundraising round at more than $20 billion valuation
Polymarket is in talks for a fundraising round with a valuation exceeding $20 billion. The company previously reported annualized revenue well above $1 billion.
- US treasury secretary says Hormuz deal with Iran could happen 'today or tomorrow'
US Treasury Secretary Scott Bessent stated that a deal with Iran to reopen the Strait of Hormuz could occur 'today or tomorrow,' which he believes would stabilize energy prices. He noted that hundreds of ships are awaiting passage and expressed optimism about progress in the conflict.
- Kalshi strikes partnership with compliance tech firm to help companies police insider trading
Kalshi has announced a partnership with Comply, a compliance technology company, to assist businesses in monitoring insider trading activities. The announcement was made to CNBC.
- Jim Cramer plans to sell his Bitcoin over quantum fears as BTC rises 1.6%
Jim Cramer plans to sell his Bitcoin holdings due to fears about quantum computing, as Bitcoin's price rises 1.6%. Some cryptocurrency investors are celebrating, referencing the 'inverse Cramer' meme.
- Does Tennessee business growth matter if no one enjoys living here?
Tennessee ranks 50th in quality of life, with poor metrics in air quality, crime rates, and worker protections. Republican candidates focus on controversial campaign tactics, including anti-LGBTQ+ ads with drag queens, while the state faces declining living conditions.
- Goldman traders are on pace for a record year. A close-up look at how they're doing it
Goldman Sachs traders are on track for a record year, according to a new interview with CNBC. A Goldman executive discussed factors driving stock markets, future market trends, and the role of the bank's equities desk in its growth.
- To keep growing, incoming Best Buy CEO says he first wants to go smaller
Incoming Best Buy CEO Jason Bonfig plans to focus on expanding the company's reach and enhancing the customer experience. He emphasized these priorities during an interview with CNBC as he prepares to take leadership.
- The Tech Download: Anduril CEO Brian Schimpf talks AI in warfare and manufacturing push
CNBC's Arjun Kharpal interviews Anduril CEO Brian Schimpf on The Tech Download podcast, discussing AI in warfare and a manufacturing push. The conversation centers on defense technology applications and production strategies.
- JPMorgan, Schwab, and UBS were managing hundreds of millions in Trump's portfolio
JPMorgan, Schwab, and UBS managed hundreds of millions in Trump's portfolio, according to a CNBC analysis linking four firms to at least four of his eight numbered investment accounts.
- Ex-FDA commissioner confronted on ‘outrageous’ Fauci diaries by CNBC host
Scott Gottlieb criticized Dr. Anthony Fauci's diary entries, stating they showed suppression of opinions and a pursuit of media attention during the pandemic. The confrontation occurred during a CNBC interview.
- Why America's super rich have embraced the appeal of British soccer teams
American investors now control more than half the Premier League. CNBC examines why U.K. soccer clubs have become attractive long-term assets.
- Jim Cramer warns AI's circular financing frenzy echoes the dot-com bubble
CNBC's Jim Cramer warned that the current AI financing frenzy, exemplified by Nvidia backing OpenAI's data center expansion, resembles the financing arrangements that led to the dot-com bubble crash.
- Heirs Holdings portfolio companies earn international recognition across industries
Transcorp Group, Abuja Electricity Distribution Company (AEDC), and Redtech, three Heirs Holdings portfolio companies, have received international recognition in business rankings from The Africa Report and CNBC. The acknowledgment highlights their performance across industries.
- Google Cloud CEO Kurian says customers are spending 50% more as segment blows away expectations
Google Cloud CEO Thomas Kurian stated that existing customers are spending 'roughly 50% more' than their current commitments, surpassing expectations for the segment.
- UniCredit CEO tells CNBC full acquisition of Commerzbank could happen in fourth quarter
UniCredit CEO Andrea Orcel told CNBC that the Italian bank could 'potentially' acquire Commerzbank in the fourth quarter.
- Roundup: LNG exports / Prairieville market / GLP-1 rivalry
U.S. LNG exports are projected to nearly double by 2031, contributing $1.4 trillion to the economy. Chatagnier Community Market will open in Prairieville to sell locally produced goods. Novo Nordisk sued Eli Lilly over misleading drug advertising claims.
- Deadline approaches for Amazon Prime settlement claims
A $2.5 billion settlement involving Amazon Prime accounts requires customers to submit claims by July 27. The Federal Trade Commission (FTC) alleged Amazon enrolled users in Prime without consent and made cancellations difficult, leading to a $1 billion fine and $1.5 billion in customer payments. Eligible users must meet four conditions, including unintentional enrollment or failed cancellations between June 2019 and June 2025, limited Prime usage, and not having already received an automatic refund.
- Trump's trade chief is warning new tariffs are coming as temporary 10% global duties expire
U.S. Trade Representative Jamieson Greer warned that new tariffs could be announced soon as temporary 10% global duties expire. The administration is considering Section 301 tariffs on 60 countries.
- LIZ PEEK: The Trump economy is doing better than the media want to admit
The article highlights economic indicators such as low unemployment, rising real wages, and a high stock market under President Trump, contrasting with higher average inflation under President Biden. It cites data showing income growth for the lowest 25% of earners and narrowing wage gaps, attributing these trends to Trump's policies. Critics argue media negativity and Republican messaging failures contribute to public pessimism about the economy.
- Two injured after man with airsoft rifles lit fireworks outside NYC immigration court: MS NOW
A man with airsoft rifles lit fireworks outside a New York City immigration court, injuring two people. The FBI reported an incendiary device was set off at 26 Federal Plaza, which houses a U.S. Immigration and Customs Enforcement office.
- TSMC is accelerating Arizona factory buildout to capitalize on AI 'megatrend,' CFO says
TSMC is accelerating its Arizona factory buildout to capitalize on the AI 'megatrend,' according to CFO Wendell Huang, who cited robust customer demand as the reason for the investment.
- Two unexpected revelations in Warren Buffett's CNBC interview
Warren Buffett stated in a CNBC interview that Bill Gates' connections to Jeffrey Epstein were not the reason for ending donations. The interview revealed two unexpected disclosures, one of which addresses the influence of Epstein ties on philanthropy decisions.
- Roundup: Apartments lead recovery / Import prices jump / Most valuable company
U.S. housing starts rebounded due to increased multifamily construction, while single-family homebuilding remained weak. U.S. import prices rose in June, driven by higher costs from China and other partners. Apple became the world's most valuable company with a $4.88 trillion market capitalization, surpassing Nvidia.
- Economic outlook is worsening and Trump is getting blamed, CNBC survey finds
A CNBC survey reveals that public sentiment about the economy has worsened to levels not seen since the post-pandemic period. The survey also indicates that former President Trump is being held responsible for the economic decline.