CNBC

The US housing market is shifting toward balance as inventory increases and price growth slows, with 44% of agents reporting balanced conditions in Q2. Home sales rose 3% year-over-year in May, but affordability challenges persist due to 6.6% mortgage rates and elevated prices, despite a 2.5% annual drop in asking prices.

Klarna is seeking a U.S. bank charter to establish FDIC-insured services, Microsoft is cutting 4,800 jobs with a focus on its underperforming Xbox division, and the U.S. service sector saw slower growth in June but increased hiring.

SpaceX President Gwynne Shotwell is set to donate company stock to Trump Accounts. President Donald Trump mentioned this to CNBC's Joe Kernen.

Elon Musk declared Tesla's goal to deploy hundreds of thousands of self-driving taxis in the US by 2026. The article highlights how some CEOs set bold public targets while others adopt a more cautious approach.

US President Donald Trump expressed surprise at the large turnout at Ayatollah Ali Khamenei's funeral, stating he expected the Iranian leader to be unpopular. Trump suggested the mourning might be 'fake' and noted Iran's desire to resume negotiations, which are paused until funeral proceedings conclude. He also mentioned the potential for military action but ruled it out to preserve negotiation leverage.

Ford has achieved a quality milestone, with CEO Jim Farley stating the company has learned from past quality and recall issues that impacted earnings and reputation. The CEO emphasized a focus on flawless new vehicle launches.

CNBC's Arjun Kharpal interviews Amazon's Panos Panay on the company's AI gadget push in the latest episode of The Tech Download podcast.

The Premier Lacrosse League plans to introduce team owners by 2028 or soon thereafter, according to co-founder Paul Rabil, who cited the 2028 Los Angeles Summer Games as an opportunity to elevate lacrosse's profile as an Olympic sport.

Robinhood CEO Vlad Tenev discussed the potential of AI agents in trading during an interview with CNBC. He stated that AI agents will soon be able to match human traders.

Amazon is developing custom AI chips for devices like Echo and Fire TV, as well as future products, according to hardware chief Panos Panay. The company aims to experiment with AI-powered gadgets through these specialized chips.

Jim Cramer of CNBC advised investors to use the current market rotation to purchase top-performing stocks they may have previously missed. He emphasized positioning for potential gains by capitalizing on shifts in market leadership.

Joachim Nagel, president of Germany’s Bundesbank, warned that inflation is likely to remain 'significantly above target' during an interview with CNBC at an ECB conference in Portugal.

The FDA has launched a pilot program with Eli Lilly and Regeneron to accelerate the development and approval of U.S. drug manufacturing facilities by engaging companies during design and construction phases. The initiative aims to reduce delays, improve compliance, and strengthen the domestic pharmaceutical supply chain to reduce reliance on overseas production.

Eli Lilly and Regeneron are among the first seven companies selected by the FDA for its PreCheck Pilot Program, an initiative aimed at accelerating the review of new manufacturing facilities. The program was reported by CNBC.

Oil prices fell due to eased supply concerns in the Strait of Hormuz. President Trump's economic approval dropped to 37%, with 60% disapproving. Hyundai recalled 96,000 vehicles for a software defect affecting the instrument panel display.

Chicago Fed President Goolsbee stated inflation is too high and described Warsh as 'a serious guy.' He avoided commenting on future interest rate movements during a CNBC interview from his home district.

Chevron's CFO Eimear Bonner stated that gas prices will decrease but not as quickly as Trump desires, while Trump has directed the DOJ to investigate Big Oil.

Chevron's CFO Eimear Bonner stated that pump prices are expected to decrease but will take time to reflect lower crude prices. President Trump ordered the Department of Justice to investigate major oil companies.

Delaware Sen. Lisa Blunt Rochester avoided answering where socialism has been 'beneficial' during a CNBC interview about socialist candidates winning New York primaries. She emphasized local political strategies and voter engagement, while the host pressed her on the effectiveness of socialism without receiving a direct response.

A new EV startup, Slate Auto, led by former Amazon executive Peter Faricy, is challenging the EV industry by offering a low-cost, highly customizable pickup starting at under $25,000. The company's 'blank slate' model allows customers to add functionality through modular accessories, aiming to test demand for affordable EV pickups and achieve profitability through simplified manufacturing.

Ten years after the Brexit vote, CNBC's analysis highlights changes in the UK's economy and politics through charts focusing on growth, immigration, sterling, trade, and political shifts. The article uses visual data to illustrate these transformations over the decade.

U.S. shoppers are projected to spend $26.3 billion during Amazon’s Prime Day, a 9% increase from last year. The U.S. Treasury issued a 60-day license for Iran to sell oil, easing sanctions amid negotiations. Benny’s Car Wash opened its 10th location in the Greater Baton Rouge area, offering car wash services and a convenience store.

Tropical Storm Arthur caused an estimated $4 billion to $6 billion in damage along the Gulf Coast due to severe flooding. The U.S. has initiated a Section 301 investigation into Germany’s pharmaceutical pricing policies, alleging unfair practices against American drugmakers. Jeff Bezos has pursued a strategy to reduce reliance on SpaceX by expanding alternative space infrastructure and supporting multiple launch providers.

Mortgage demand has declined due to high borrowing costs despite slight rate reductions, AI usage is rising but remains met with caution, and Tropical Storm Arthur is expected to bring heavy rainfall and flooding risks to the Texas-Louisiana Gulf Coast.

CNBC's Jim Cramer stated that SpaceX investors are focused on Elon Musk's vision and track record rather than the company's current earnings. The analysis highlights investor confidence in Musk's leadership over short-term financial performance.

CNBC’s 2026 America’s Top States for Business rankings highlight companies competing to attract investments in AI and defense. The focus is on speed to market as a key factor for states aiming to top the list.

Biotech IPOs are gaining momentum while big pharmaceutical companies drive M&A activity to replenish drug pipelines before major patent expirations later this decade.

U.S. homebuilder sentiment fell in June 2026 due to soft buyer demand, high mortgage rates, and rising construction costs, with the South experiencing the largest drop. AI tools like ChatGPT and Gemini are driving higher revenue for retailers, with AI-referred shoppers generating 53% more revenue per visit. The UK announced a ban on social media for users under 16, affecting platforms like TikTok, Instagram, and Facebook, with tech companies criticizing the enforcement challenges.

U.S. Vice President JD Vance stated he hopes the text of an agreement to halt the war in Iran and open the Strait of Hormuz will be released this week. He emphasized the U.S. expects the Strait of Hormuz to remain toll-free for the long-term.

Fox Corp. is acquiring streaming platform Roku in a $22 billion cash-and-stock deal, with the transaction expected to close in 2027. The combined company will merge Fox’s content and Tubi service with Roku’s connected TV platform and 100 million global streaming households. Fox shareholders will own 73% of the new entity, while Roku shareholders will hold 27%.

Vance stated that while there are many details to resolve in the Iran deal, the U.S. holds a strong position in negotiations with Iran. He expressed this confidence during an appearance on CNBC's 'Squawk Box.'

An Iran peace deal triggered a global relief rally in stocks as hopes rise that ending the war could alleviate the energy crisis affecting global economies.

The UAE denied media reports claiming it agreed to release billions of dollars of frozen funds to Iran. The Ministry of Foreign Affairs stated the allegations are false and emphasized no Iranian funds have been released or facilitated through the UAE.

CNBC's Jim Cramer recommends buying SpaceX as a long-term investment in space exploration, stating it is not too late for investors who adopt this perspective.

Gwynne Shotwell, SpaceX's second-in-command, discussed the company's upcoming IPO with CNBC, describing it as a small step in a 'very futuristic' journey.

US inflation reached 4.2% in May, the highest in three years, driven by the Iran war increasing energy prices. Core inflation rose to 2.9%. The Federal Reserve faces pressure to raise interest rates, but markets expect no change in the upcoming meeting chaired by Kevin Warsh, despite President Donald Trump's demand for rate cuts.

Jim Cramer from CNBC stated that tech stocks are losing key traits that fueled their leadership in the market rally since 2023. He highlighted concerns about the diminishing qualities that previously drove their dominance.

LIV Golf CEO Scott O'Neil refused to confirm whether the remaining four 2026 season events will proceed as scheduled, despite Saudi Public Investment Fund (PIF) reports of potential funding cuts. A PIF partner described the events as 'on the fence,' while O'Neil evaded direct answers during a CNBC interview, instead promoting investment opportunities. The PIF has invested over $6 billion in LIV Golf since 2021 but has not seen a return, leading to the funding cutoff after 2026.

Vinted's CEO reports a structural shift in consumer behavior toward the resale economy, with the secondhand marketplace achieving a $9 billion valuation.

A CNBC survey found that 51% of U.S. adults believe the American Dream is out of reach for most people, with 81% citing the cost of living as their biggest financial hurdle.