Jose Munoz, CEO of Hyundai Motor Company, speaks during a press meeting during Milan Design Week, as Hyundai launches the new Ioniq 3 electric vehicle, in Milan, Italy, April 20, 2026. Claudia Greco | Reuters SAN FRANCISCO – Hyundai Motor plans to further expand its U.S. production at a new multibillion-dollar vehicle assembly plant in…
The record-breaking sale of the Los Angeles Lakers is being felt far beyond Hollywood. The pending $12.5 billion sale by Mark Walter to Joshua Kushner and Bob Iger will have a big impact on all NBA team valuations. If the sale is approved, the average value of an NBA team would increase 21% to $6.68…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks are lower on Thursday, with the S & P 500 down by about 0.5% and the Nasdaq falling about 1%. It’s the fourth down session…
Somewhere in Chicago, one 40-year-old project director spent her summer wondering if she’s been working with a human or a bot. She was recently put on a project with an artificial intelligence expert who started using AI agents to manage his inbox. But in the course of their partnership, the bots began filtering out important…
Oil moved higher Thursday after Treasury Secretary Scott Bessent said the U.S. will impose the toughest sanctions in history against Iran. “We have the blockade and we are going to have the toughest sanctions in history,” Bessent told CNBC in an interview. “This will work. It worked in Venezuela once we put up the blockade….
California Attorney General Rob Bonta told CNBC’s David Faber on Thursday that the group of states suing to block Paramount Skydance’s acquisition of Warner Bros. Discovery would require “robust structural remedies” to reach a settlement in the antitrust case. “[Paramount] wanted to talk about everything except for what this case is about. They want to…
Dave Petso has been a wealth manager in Boise, Idaho since the 1980s. His business has survived multiple recessions, the bursting of the dot-com bubble and the 2008 financial crisis. For most of Petso’s 45-year career, Micron, the hometown maker of computer memory, has been a boring enterprise tech company and, in his words, a…
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., Aug. 19, 2026. Jeenah Moon | Reuters Bond yields climbed Thursday morning, erasing most of the pullback they saw the previous day after the Treasury Department announced an intervention aimed at easing pressure on longer-dated government debt….
Meta is facing allegations it fostered addictive behavior in teens and children in a legal dispute that could brook the company a $200 billion penalty. OpenAI is making an effort to do better by teens. On Tuesday, OpenAI released ChatGPT for Teens, a version of the chatbot geared toward 13- to 17-years-olds that contains more…
Walmart logo sign is seen in Chicago, Illinois, Aug. 3, 2026. Marcin Golba | Nurphoto | Getty Images Walmart is expected to report fiscal second-quarter earnings before the bell on Thursday and offer its latest read on the health of the U.S. consumer. The retailer, which has been leaning into prioritizing value for its lower-income…
