Best Buy is at a critical juncture as the consumer electronics retailer aims to revitalize its performance under incoming CEO Jason Bonfig, who spoke exclusively with CNBC about his strategy for the company. The company has been struggling with slumping sales over the past few years, which it has attributed to lower consumer confidence, less…
Vessels transiting through the Gulf of Oman are pictured off the coast of Muscat on July 25, 2026. (Photo by AFP via Getty Images) / – | Afp | Getty Images A tanker near Oman reported being struck overnight, with another saying it saw an explosion nearby as Iran warned Washington that the U.S. military’s…
Linda McMahon, US education secretary, speaks during a roundtable on education at the Department of Justice (DOJ) in Washington, DC, US, on Thursday, June 11, 2026. Al Drago | Bloomberg | Getty Images Hundreds of thousands of student loan borrowers have gotten their debts forgiven, or soon will, due to a $23 billion class-action settlement…
A DoorDash bag in the Brooklyn borough of New York, US, on Thursday, Jan. 15, 2026. Michael Nagle | Bloomberg | Getty Images U.S. lawmakers have requested information from food delivery company DoorDash on its use of Chinese artificial intelligence models, CNBC has learned, as scrutiny around American businesses’ use of systems developed by China…
In the five months since the Iran war began on Feb. 28, each pause in fighting has underscored the complexities of ending it. The June 17 memorandum of understanding opened a 60-day negotiating period over the Strait of Hormuz, sanctions and Iran’s nuclear and missile programs, but frayed within weeks as Iranian attacks on shipping…
On the Eurostar platform at St Pancras International station in London, Great Britain, on 1 November 2025. Stephane Mouchmouche | Afp | Getty Images Gripped by drought, raging wildfires and a summer of weather extremes, countries across Europe are scrambling to address the widely underestimated climate challenge of extreme heat. Supercharged by the climate crisis,…
People shop for groceries at a store in Brooklyn on July 13, 2026 in New York City. Spencer Platt | Getty Images Pricing data from June indicated that outside of some select items where costs continue to grow, inflation is trending back towards the Federal Reserve’s inflation goal. So-called trimmed mean measures, which exclude outliers…
After a whipsaw two days of price action, bulls and bears are facing off again at a key technical level in the S&P 500. At the same time, an increasingly popular volatility-based measure of market breadth leans bearish. Options traders and market makers in Chicago were quick to buy dips below 7,500 in the benchmark…
A trader works, as a screen broadcasts a press conference by U.S. Federal Reserve Chair Kevin Warsh following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 29, 2026. Brendan McDermid | Reuters The overwhelming response to Federal Reserve Chairman Kevin Warsh’s comments on…
Eaton delivered an excellent quarter on Friday, reinforcing our view that the AI data center buildout remains alive and well. The power management company also raised its sales outlook to reflect a bigger-than-expected contribution from a recent acquisition. Revenue for the second quarter ended June 30 increased over 21% year-over-year to a record $8.53 billion,…
