President Donald Trump announced the creation of government-sponsored investment accounts for children under age 18 as part of the sweeping budget bill he signed into law on July 4, 2025. The so-called “Trump accounts” are set to become available on July 4, 2026, and parents of U.S. citizens born from 2025 through 2028 will be…
A general view of the Microsoft office building is seen in Cologne, Germany, on November 18, 2025. Nurphoto | Nurphoto | Getty Images Microsoft said Thursday that it will increase the prices of Office productivity software subscriptions for commercial and government clients on July 1. The company’s Office applications, which include Word, Excel, PowerPoint and…
Ulta Beauty on Thursday raised its full-year sales outlook after topping Wall Street’s fiscal third-quarter expectations and seeing shoppers splurge on perfumes, skincare items and more. The beauty retailer said it now expects net sales for the year to be approximately $12.3 billion, higher than its previous expectations of $12 billion to $12.1 billion. That would…
The Reserve Bank of India logo outside its headquarters in Mumbai on Feb. 7, 2025. Indranil Mukherjee | Afp | Getty Images India’s central bank cut its policy rate by 25 basis points to 5.25%, matching forecasts from economists polled by Reuters. The monetary policy committee delivered a unanimous reduction, citing “weakness in some key…
An illustration photo shows Moore Threads logo in a smartphone in Suqian, Jiangsu Province, China on October 30, 2025. Cfoto | Future Publishing | Getty Images Shares of Moore Threads, a Beijing-based graphics processing unit (GPU) manufacturer often referred to as “China’s Nvidia,” soared by more than 400% on its debut in Shanghai following its…
MUMBAI, INDIA – SEPTEMBER 20: People take the selfie with the new IPhone 16 at the Apple store in Bandra-Kurla Complex during the first day of sale of the iPhone 16 smartphone on September 20, 2024 in Mumbai, India. Hindustan Times | Hindustan Times | Getty Images The report is from this week’s edition of…
Anthony Noto, CEO of SoFi, speaking with CNBC at the annual Allen & Co. Media and Technology Conference in Sun Valley, Idaho on July 10th, 2025. David A. Grogan | CNBC SoFi shares fell almost 6% in extended trading Thursday after the fintech company announced a $1.5 billion stock offering. The company, which provides online…
Hong Kong Skyline Nikada | E+ | Getty Images Asia-Pacific markets opened lower Friday following a subdued Wall Street session. Australia’s ASX/S&P 200 fell 0.17%. Japan’s benchmark Nikkei 225 index lost 1.36%, while the Topix declined 1.12%. Yields on the Japanese 10-year government bond rose to 1.94%, the highest since July 2007, data from LSEG…
As Wall Street worries that advancements in artificial intelligence will hurt enterprise software companies, Salesforce CEO Marc Benioff told CNBC’s Jim Cramer a large language model is “just a commodity feature” that strengthens his company’s products. “All these large language models are the same. We just want the lowest cost one, then we plug it…
US Commerce Secretary Gina Raimondo speaks on the first day of the Democratic National Convention (DNC) at the United Center in Chicago, Illinois, on August 19, 2024. Mandel Ngan | AFP | Getty Images Read more CNBC politics coverage “We are very pleased to nominate Secretary Raimondo for election to our Board,” Costco Chairman Tony…
