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The rapid growth the U.S. economy has seen is about to hit a wall

CNBC

The US. economy is expected to post another roaring growth spurt in the second quarter, before a slow and steady dose of reality starts to sink in.

July 23rd 2021, 4:40 pm

Amazon is hiring a digital currency and blockchain expert, signaling a growing interest in cryptocur

CNBC

Currently, Amazon doesn't accept any cryptocurrencies as payment for its products.

July 23rd 2021, 4:40 pm

Uber's stake in Didi shrank by $2 billion this week amid China crackdown on U.S. listings

CNBC

After Didi's stock market debut last month, Uber owned a stake worth over $9 billion in the Chinese ride-hailing company. That's dropped by half.

July 23rd 2021, 4:40 pm

China sanctions Wilbur Ross, others over U.S. warning about Hong Kong business conditions

CNBC

China said Friday that it sanctioned seven people, including former Commerce secretary Wilbur Ross, in response to U.S. sanctions.

July 23rd 2021, 1:22 pm

Covid cases are rising again in all 50 states across U.S. as delta variant tightens its grip

CNBC

Louisiana, Arkansas, Missouri, Florida and Nevada are reporting the highest daily average of new cases per capita over the past week.

July 23rd 2021, 12:53 pm

Jadon Sancho: Manchester United sign England winger from Borussia Dortmund for £73 million

CNBC

Sancho has signed a five-year deal at United, with an option of a further year.

July 23rd 2021, 9:06 am

Farming and solar power set to combine in Netherlands-based pilot project

CNBC

The pilot project, known as Symbizon, is slated to last four years.

July 23rd 2021, 8:53 am

After being ravaged by the delta Covid variant, how is India doing now?

CNBC

What's the pandemic picture like in India, where the delta variant first emerged?

July 23rd 2021, 8:09 am

The global IPO market had its strongest second quarter in 20 years, report says

CNBC

Global IPO activity had its hottest second quarter for 20 years by volumes and proceeds, with momentum set to continue for the remainder of the year, according to a new report from EY.

July 23rd 2021, 8:09 am

Another group of U.S.-listed China stocks are plunging as Beijing regulators crack down

CNBC

Two U.S.-listed Chinese education stocks plunged in pre-market trading Friday after reports of government crackdown that included bans on foreign investment.

July 23rd 2021, 8:09 am

ECB hawk says dissent at the central bank shouldn't be dramatized, rate hike still way off

CNBC

One of the more hawkish members of the European Central Bank has sought to downplay the division seen at the Frankfurt institution this week.

July 23rd 2021, 6:39 am

Indian eyewear start-up Lenskart plans to go public in the next three years, CEO says

CNBC

Lenskart said this week it received $220 million in funds, led by Singapore state investor Temasek and Falcon Edge Capital.

July 23rd 2021, 6:39 am

Hours before the Tokyo Olympics opening ceremony, the IOC says everything that can be done has been

CNBC

The International Olympic Committee says organizers have done all they can to ensure a safe games as the coronavirus pandemic rages on.

July 23rd 2021, 4:50 am

Nomura sees Singapore stocks benefiting from the global economic reopening

CNBC

Chetan Seth of Nomura says the relative outperformance of Singapore stocks regionally has been driven by the country's banks.

July 23rd 2021, 4:50 am

Singapore retailers are reeling from further Covid measures as sales drop 70% for some

CNBC

Singapore retailers have seen sales plunge between 30% to 70% since the start of Covid-19, says the executive director of the Singapore Retailers Association.

July 23rd 2021, 3:36 am

Indonesia reported the highest new Covid cases in the world last week, says WHO

CNBC

Indonesia reported 350,273 new infections between July 12 and July 18, a 44% increase from the week before, the World Health Organization said.

July 23rd 2021, 3:23 am

UK college offers medical students $13,700 in cash to defer their degree

CNBC

The University of Exeter is offering students who want to study medicine a £10,000 ($13,735) bursary and free first-year accommodation to defer their place.

July 23rd 2021, 2:05 am

Nightclubs are a new battleground against Covid, but the young yearn for freedom

CNBC

The night time economy is re-opening just as coronavirus cases soar, particularly among the young.

July 23rd 2021, 2:05 am

Shares of Indian food delivery start-up Zomato jump over 70% in market debut

CNBC

As of 12:55 p.m. HK/SIN, Zomato shares traded at 130.7 rupees, slightly off an earlier session high of 138.90 rupees.

July 23rd 2021, 2:05 am

Everything you always wanted to know about yachting, but were too afraid to ask

CNBC

CNBC spoke with several yacht owners who agreed to answer all questions — with no topics off limits.

July 22nd 2021, 11:52 pm

'I might pump but I don’t dump': Elon Musk says he plans to hold bitcoin long-term⁠—here's why that

CNBC

Though experts warn that bitcoin can be a risky, speculative investment, many agree that Elon Musk's long-term holding strategy may be the best practice.

July 22nd 2021, 10:07 pm

‘I think people are underestimating how bad this is going to get': Dr. Ashish Jha on the delta varia

CNBC

Dr. Ashish Jha explains why he thinks people are underestimating how bad the Covid surge is going to get as a result of the delta variant.

July 22nd 2021, 9:52 pm

Asia-Pacific stocks dip as investors watch China tech shares in Hong Kong

CNBC

Investors will watch Chinese tech shares in Hong Kong after Bloomberg News reported that Beijing is considering harsh penalties on ride-hailing giant Didi.

July 22nd 2021, 8:22 pm

Chinese prosecutor, ex-NYPD cop charged with stalking, harassing U.S. residents on behalf of China

CNBC

A Chinese prosecutor and a former NYPD detective are among those charged in a plot to harass U.S. residents in an effort to get one of them to return to China.

July 22nd 2021, 7:52 pm

Twitter posts fastest revenue growth since 2014 in pandemic rebound

CNBC

Twitter's business rebounded in the second quarter after experiencing a sharp decline last year with the arrival of the coronavirus pandemic.

July 22nd 2021, 7:52 pm

Intel beats, but guides to lower margins for Q3

CNBC

CEO Pat Gelsinger has announced plans for Intel to transform itself by manufacturing chips for other companies.

July 22nd 2021, 7:52 pm

Tech stocks lead Nasdaq to third straight day of gains

CNBC

Investors jumped back into their favorite tech stocks as worries about the economy resurfaced.

July 22nd 2021, 7:52 pm

Futures edge higher after stocks notch 3-day win streak

CNBC

Stock futures edged slightly higher in overnight trading after a rise in tech stocks boosted the Nasdaq Composite to its third-straight positive day on Thursday

July 22nd 2021, 7:52 pm

U.S. launched overnight airstrikes on the Taliban to support Afghan forces

CNBC

The strikes are the first known since U.S. Army Gen. Scott Miller stepped down from his role last week.

July 22nd 2021, 7:52 pm

Steve Jobs' 1973 job application is up for auction as an NFT

CNBC

The one-page-long application was created by Jobs after he dropped out of Reed College and three years before he founded Apple.

July 22nd 2021, 7:52 pm

Delta variant is one of the most infectious respiratory diseases known, CDC director says

CNBC

Covid hospitalizations are up 32% from last week at about 3,500 per day and deaths have also increased 19% in the same time frame to about 240 per day.

July 22nd 2021, 7:52 pm

Europe's travel industry is on a knife edge as Covid surges, again

CNBC

As Covid vaccines rolled out across Europe, hopes were high for a rebound in summer tourism. Instead, the season is looking highly uncertain.

July 22nd 2021, 2:02 pm

U.S. jobless claims show surprise gain, well above expectations

CNBC

Weekly jobless claims totaled 419,000 for the week ended July 17, above the 350,000 estimate.

July 22nd 2021, 2:02 pm

Dr. Scott Gottlieb says the Covid delta spike may peak in late August, sooner than many believe

CNBC

"There's going to be a peak sometime probably around late August, early September," former FDA chief Dr. Scott Gottlieb told CNBC on Thursday.

July 22nd 2021, 2:02 pm

Didi shares drop on report China is planning unprecedented penalties

CNBC

Bloomberg News reported China is planning a slew of punishments against Didi, including a fine likely bigger than the record $2.8 billion that Alibaba paid.

July 22nd 2021, 2:02 pm

Mercedes plans to go all-electric by the end of the decade

CNBC

A host of automotive companies have announced plans to expand their offering of low and zero-emission vehicles.

July 22nd 2021, 2:02 pm

‘Mini trade war’ imminent? EU rejects the UK's attempts to overhaul the Brexit deal

CNBC

The European Union rejected a call from the British government to overhaul the Northern Ireland Protocol, a key tenet of the agreement that saw the U.K. leave the EU in 2020.

July 22nd 2021, 2:02 pm

U.S. sanctions Cuban defense minister, special forces over crackdown on protests

CNBC

The Biden administration imposed sanctions on Cuba's defense minister and the communist nation's special forces brigade.

July 22nd 2021, 2:02 pm

European Central Bank vows a 'persistently accommodative' stance in new guidance

CNBC

The European Central Bank on Thursday held monetary policy steady, but tweaked its guidance to reflect its recently-hiked inflation target.

July 22nd 2021, 2:02 pm

The internet outage that took down several major websites seems to be fixed

CNBC

Several of the affected services blamed Akamai, a content delivery network.

July 22nd 2021, 2:02 pm

Anxious about the easing of Covid restrictions? Here are 7 tips to help deal with it

CNBC

After almost 16 months of on-off lockdowns around the world, many people feel anxious about changes to Covid rules.

July 22nd 2021, 4:33 am

TikTok star Brooke Monk gained 16 million followers in less than 2 years — here’s her secret

CNBC

In less than two years, Brooke Monk has amassed over 16 million followers on TikTok. But she told CNBC that she didn't set out to become an influencer.

July 22nd 2021, 4:33 am

Shares of Australian miner BHP jump 3% after news of nickel supply deal with Tesla

CNBC

"Demand for nickel in batteries is estimated to grow by over 500 per cent over the next decade, in large part to support the world's rising demand for electric vehicles," BHP said.

July 22nd 2021, 4:33 am

Smartphone shipments in India fell 13% on-quarter as Chinese firms maintain their stronghold

CNBC

Smartphone makers shipped about 32.4 million devices in India between April and June, according to research firm Canalys.

July 22nd 2021, 4:33 am

This 26-year-old American teaches English in South Korea—here's her advice to people who want to liv

CNBC

In November 2019, Michaela Cricchio, 26, booked a one-way flight to South Korea to teach English abroad.

July 22nd 2021, 12:02 am

Deputy Secretary of State Wendy Sherman is set to visit China next week

CNBC

Wendy Sherman's trip to China marks the second time the world's two largest economies hold high-level, in-person talks since President Joe Biden took office.

July 22nd 2021, 12:02 am

Elon Musk says Tesla caused two-thirds of his personal and professional pain

CNBC

Musk also acknowledged that Tesla is still not manufacturing its custom-designed 4680 cells for commercial use in electric cars or energy storage systems yet.

July 22nd 2021, 12:02 am

Chinese economist uses keynote speech to discuss competition with the U.S.

CNBC

A Chinese economist's keynote speech at a major asset manager's investment strategy event focused on international politics rather than the growth outlook.

July 22nd 2021, 12:02 am

The bond market is torn over the potential for higher inflation and lower growth

CNBC

A volatile environment for government bonds is reflecting a highly uncertain future for the U.S. economy.

July 22nd 2021, 12:02 am

Ethereum price rises after Elon Musk confirms he owns the cryptocurrency

CNBC

Musk also expressed his support for cryptocurrency in general, despite environmental concerns related to mining.

July 21st 2021, 4:32 pm

Stocks rally for a second day, Dow jumps more than 200 points to recoup Monday's losses

CNBC

Stocks continued their rebound on Wednesday from Monday's sharp sell-off.

July 21st 2021, 4:32 pm

Brexit: UK urges EU to consider immediate overhaul of Northern Ireland Protocol

CNBC

The U.K. has called for a complete overhaul of the Northern Ireland Protocol, a key tenet of the Brexit agreements that Prime Minister Boris Johnson agreed with the EU in 2019.

July 21st 2021, 4:32 pm

Bitcoin extends gains, climbing above $32,000 as cryptocurrencies rebound from sell-off

CNBC

Bitcoin extended its comeback from a brutal sell-off, advancing 6% to climb above $31,000.

July 21st 2021, 4:32 pm

U.S., Germany strike a deal to allow completion of controversial Russian Nord Stream 2 pipeline

CNBC

The United States and Germany reached an agreement on the $11 billion Nord Stream 2 pipeline, a thorny, long-standing point of contention.

July 21st 2021, 4:32 pm

ECB set to tweak guidance to reflect its new 2% inflation target

CNBC

The European Central Bank's new inflation target and its possible effects on monetary policy will be the key topic of this week's meeting in Frankfurt.

July 21st 2021, 4:32 pm

Man busted in 2020 Twitter hack, bitcoin scam of Biden, Obama, Musk, Buffett accounts

CNBC

Twitter accounts in the hack included those of Joe Biden, Barack Obama, Jeff Bezos, Bill Gates, Kim Kardashian and Warren Buffett.

July 21st 2021, 4:32 pm

The beta Covid variant is causing concerns in Europe. Should we be worried?

CNBC

There are quiet concerns in parts of Europe about the Covid beta variant, which was discovered in South Africa.

July 21st 2021, 4:32 pm

BlackRock upgrades Japan stocks, says they're attractive despite Olympics Covid risks

CNBC

BlackRock upgraded Japanese stocks this week, saying that earnings growth will be lifted in the second half of this year, even as its "virus dynamics" improve.

July 21st 2021, 3:43 am

Tom Barrack's arrest puts the spotlight on United Arab Emirates' crucial role in Trump's foreign pol

CNBC

Trump ally Tom Barrack's arrest put a spotlight on the United Arab Emirates, a key player in former President Donald Trump's Middle East policy.

July 21st 2021, 3:43 am

Revolut, Europe's $33 billion fintech giant, launches a travel booking feature

CNBC

Revolut launched a new feature Tuesday called Stays, which lets users book hotels and other accommodation through its app.

July 21st 2021, 3:33 am

China scraps fines, will let families have as many children as they'd like

CNBC

Families in China can now have as many children as they like without facing fines or other consequences, the Chinese government said late Tuesday.

July 21st 2021, 3:33 am

Parents should help their children cultivate these three traits to succeed, expert says

CNBC

Parents should be helping their children cultivate three distinct character traits to succeed in life, argues one expert.

July 21st 2021, 3:33 am

Covid appears to be the 'Achilles' heel' for Southeast Asian economies, says Jefferies

CNBC

Many economies in Southeast Asia have struggled to get to grips with Covid in their countries, says Sean Darby from Jefferies.

July 21st 2021, 3:33 am

Tokyo Olympics ready to start, but Covid overshadows the world's greatest sports spectacle

CNBC

After a one-year delay, weeks of bad headlines, and public backlash in Japan, the world's most significant sporting event is set to open Friday.

July 21st 2021, 3:33 am

Watch these key levels for bitcoin next after its break below $30,000, traders say

CNBC

As bitcoin falls below $30,000, Delano Saporu of New Street Advisors and Katie Stockton of Fairlead Strategies share what levels they're watching next.

July 21st 2021, 3:33 am

Foxconn says critical iPhone factory hasn't been hit by massive floods in China

CNBC

Zhengzhou, in China's central Henan province, has been hit with torrential rain and intense flooding reportedly causing at least 12 deaths.

July 21st 2021, 3:33 am

As China's debt risks grow, here are 3 warning signs to watch

CNBC

Weak spots are emerging in China's growing debt pile, and high-profile cases are troubling markets. Here are three important developments to watch.

July 21st 2021, 3:33 am

WHO chief warns that the world is going into the 'early stages of another wave'

CNBC

WHO's Tedros Adhanom Ghebreyesus also criticized the vaccine discrepancies between wealthy and low-income countries.

July 21st 2021, 3:33 am

Dutch try to stamp out rule-breaking in bars and cafes as Covid infections soar

CNBC

Rule-breaking in cafes and bars in the Netherlands is a persistent problem that the hospitality industry must deal with, the country's prime minister said Monday.

July 20th 2021, 4:31 pm

Microsoft rolls out Windows 11 update with Teams chat built in

CNBC

With Windows 10, Microsoft tried to make it easy for people to use Skype. Now the focus is on Teams, as the company goes up against Slack and Zoom.

July 20th 2021, 4:31 pm

Jeff Bezos reaches space on Blue Origin's first crewed launch

CNBC

Jeff Bezos' space company Blue Origin launched him into spaceflight history, riding the inaugural crew launch of a New Shepard rocket.

July 20th 2021, 4:31 pm

Tom Barrack charged with illegally lobbying then-President Trump on behalf of UAE

CNBC

Thomas Barrack, who served as chairman of the 2017 inaugural fund for then-President Donald Trump, has been arrested on federal charges.

July 20th 2021, 4:31 pm

Netflix misses subscriber growth and earnings expectations

CNBC

Netflix reported earnings after the bell. Here are the results.

July 20th 2021, 4:31 pm

Just a speed bump? Oil has taken a dive, but Goldman is still bullish

CNBC

The drop was a rude awakening for oil bulls who'd been enjoying the commodities' highest prices in 2½ years.

July 20th 2021, 4:31 pm

Singapore tightens restrictions again as Covid cases rise

CNBC

Singapore reintroduced a ban on dining-in, and limited the maximum number of people allowed to gather from 5 to 2.

July 20th 2021, 7:30 am

What to look out for as Europe’s earnings season begins, according to the experts

CNBC

Europe's corporate earnings season began in earnest last week, with analyst consensus projecting a 140% year-on-year increase in earnings per share for the second quarter.

July 20th 2021, 7:30 am

10-year Treasury yield continues slide, falls to 1.17%

CNBC

Treasury yields with longer durations fell again on Tuesday morning.

July 20th 2021, 7:30 am

The UK chip plant that’s being sold to a Chinese-owned firm has over a dozen contracts with the Brit

CNBC

Newport Wafer Fab, a U.K. chip plant that's being sold to Chinese-owned Nexperia, has a number of contracts with the U.K. government's innovation agency.

July 20th 2021, 7:30 am

Stock futures rebound slightly after the Dow suffers worst day since October

CNBC

Wall Street suffered a sharp sell-off Monday as investors feared that the delta coronavirus variant could hinder the economic recovery.

July 20th 2021, 3:06 am

Travel prices and crowds are surging — but not at these U.S. destinations

CNBC

With American vacationers congregating in many of the same destinations, some travel spots — even well-known ones — have fewer people than usual.

July 20th 2021, 3:06 am

Carbon capture is expected to play a pivotal role in the race to net zero emissions. But not everyon

CNBC

Climate researchers, campaigners and environmental advocacy groups argue that carbon capture technology is not a solution to the world's' climate challenge.

July 20th 2021, 3:06 am

Here are the cheapest places to live in London right now

CNBC

Buying or renting in London remains notoriously expensive. CNBC looks at which areas are currently the cheapest in the U.K. capital.

July 20th 2021, 3:06 am

Chinese driverless car start-up WeRide makes first acquisition as competition ramps up

CNBC

Chinese driverless car start-up WeRide has made its first acquisition, an autonomous trucking firm called MoonX, as it looks to commercialize self-driving tech.

July 20th 2021, 3:06 am

Debt-laden China Evergrande shares drop 14% to four-year lows

CNBC

Shares of China Evergrande fell Tuesday following news of an asset freeze that renewed attention on the real estate conglomerate's debt woes.

July 20th 2021, 3:06 am

Billionaire Joe Tsai is the 'mystery buyer' behind $157 million Manhattan apartment deal

CNBC

Alibaba co-founder Joe Tsai is the mystery buyer behind a $157 million apartment deal in Manhattan's most prestigious condo tower, according to people familiar with the deal.

July 20th 2021, 3:06 am

UBS reports 63% jump in net profit as wealth management division soars

CNBC

The world's largest wealth manager has beaten second-quarter earnings expectations as the wealthy poured money into its flagship business.

July 20th 2021, 3:06 am

Nearly $100 billion wiped off crypto market as bitcoin drops below $30,000

CNBC

Bitcoin fell below $30,000 for the first time since June 22, dragging other digital coins lower.

July 20th 2021, 3:06 am

WHO officials say we could have Covid under control next year 'if we're really lucky'

CNBC

The pandemic could end sooner if countries ensure the vaccines are distributed equitably to poorer nations.

July 19th 2021, 5:44 pm

Fintech keeps minting billionaires as Robinhood co-founders prepare for massive IPO

CNBC

Based on the middle of Robinhood's expected IPO price range provided on Monday, co-founders Vlad Tenev and Baiju Bhatt each own stakes worth about $2.6 billion.

July 19th 2021, 5:44 pm

U.S. government tells individuals to avoid travel to the UK as Covid cases rise

CNBC

The CDC told travelers to avoid traveling to the UK as the delta variant of Covid-19 continues to spread.

July 19th 2021, 5:44 pm

Germany mourns after devastating floods which could be a political game-changer

CNBC

The clear up has barely begun after extensive flooding in Germany and beyond but already the costs — both human and economic — are staggering.

July 19th 2021, 1:47 pm

What to look out for as Europe’s earnings season begins, according to the pros

CNBC

Europe's corporate earnings season began in earnest last week, with analyst consensus projecting a 140% year-on-year increase in EPS for the second quarter.

July 19th 2021, 1:47 pm

'It's a gamble': England's 'big bang' easing of Covid rules could go either way, experts note

CNBC

Criticism is mounting on Prime Minister Boris Johnson and his government for the decision to go ahead with the lifting of Covid-19 restrictions in England.

July 19th 2021, 1:47 pm

U.S., NATO and EU to blame China for cyberattack on Microsoft Exchange servers

CNBC

A new joint effort by NATO members, the European Union, Australia, New Zealand and Japan will address the threat posed by Chinese state-sponsored cyberattacks.

July 19th 2021, 1:47 pm

Peloton reportedly preparing to enter the video game business

CNBC

Peloton is about to debut an in-app video game called Lanebreak, according to a report in The Verge.

July 19th 2021, 1:47 pm

Chinese electric carmaker Xpeng prices its new sedan at $24,700 undercutting Tesla

CNBC

There are six different versions of Xpeng's P5, the company's third production model, ranging from 160,000 yuan ($24,694) to 230,000 yuan.

July 19th 2021, 7:14 am

Bill Ackman’s Pershing Square drops deal to buy 10% of Universal Music

CNBC

Billionaire investor Bill Ackman's blank-check company said Monday it had dropped a deal to buy 10% of Vivendi's flagship Universal Music Group.

July 19th 2021, 6:34 am

England takes leap into the unknown, lifting Covid rules as cases surge

CNBC

England is taking a step into the unknown on Monday, lifting nearly all remaining restrictions on public life at a time when coronavirus infections are high.

July 19th 2021, 6:34 am

Viral video shows Malaysian police destroying 1,069 bitcoin mining rigs with a steamroller

CNBC

Police seize and steamroll 1,069 bitcoin machines worth $1.26 million.

July 19th 2021, 6:34 am

Tencent says it's buying UK video game developer Sumo Group, sending shares flying

CNBC

Tencent said Monday it has agreed to acquire British video game developer Sumo Group for £919 million ($1.26 billion).

July 19th 2021, 6:34 am
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