How the vodka soda became ‘gay water’

Photo illustration by Emily Rabbideau – Photos courtesy of House of Love and Gay Water Late last year, 33-year-old Justin Ruka of Orlando met a flight attendant at a gay bar. About a month later, Ruka saw a familiar face coming down the aisle during an Alaska Airlines flight to San Francisco.  The flight attendant … Read more

Kyla Scanlon on Gen Z’s divided investing attitudes

Economic commentator Kyla Scanlon is noticing a potentially worrying trend in the investing outlook among younger generations. “It’s a bifurcated world,” she told CNBC’s “ETF Edge” this week.  Scanlon, 26, who rose to prominence through her social media videos on the market and economy, explained why some members of Generation Z are aggressively saving for … Read more

Amazon, Starbucks look to stay competitive with different approaches to pricing

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. Wild week: The stock market was little changed Friday, which masked the drama we saw in this holiday-shortened week of trading. Nvidia soared to all-time highs … Read more

Stocks are in their longest stretch without a 2% sell-off since the financial crisis

Traders work on the floor of the New York Stock Exchange during morning trading on Jan. 11, 2024. Angela Weiss | Afp | Getty Images Wall Street’s climb to record highs has come with conspicuously little volatility. The S&P 500 has gone 377 days without a 2.05% sell-off. That’s the longest stretch for the benchmark … Read more

WTI weekly gain as gas demand surges

U.S. crude oil was on pace Friday for a second weekly gain in a row, as gasoline demand has surged to post-pandemic highs. Oil prices traded flat Friday morning but are ahead more than 3.6% for the week. Gasoline consumption in the U.S. surged to 9.4 million barrels per day, or bpd, last week, the … Read more

Weight loss drug contender Zealand Pharma jumps 23% on trial results

Vials on the Wegovy line at the Novo Nordisk A/S production facilities in Hillerod, Denmark, on Friday, March 8, 2024.  Bloomberg | Bloomberg | Getty Images LONDON — Shares of Denmark’s Zealand Pharma popped nearly 23% in Friday morning deals, notching a record high after an early-stage study of its weight loss drug challenger produced … Read more

markets: Hyundai IPO will be a great investment vehicle for long-term investors: Sachin Shah

“If you look at the last three years, I think the compounded returns are upwards of 25-30% compounded. So, markets have definitely delivered what we were looking forward to over the last three-four years and that is where as investors we would always be a little bit tempted of taking something off the table,” says … Read more

China talks up support for IPOs. Investors are watching the speed of approval

A man walks a dog in the shade away from the midday sun past the New York Stock Exchange (NYSE) building in Manhattan, during hot weather in New York City, New York, U.S., August 11, 2020. Mike Segar | Reuters BEIJING — Chinese authorities this week announced new policy for supporting venture capital, raising hopes … Read more

S&P 500 briefly crosses 5,500, closes lower

Traders work on the floor of the New York Stock Exchange during afternoon trading on Jan. 22, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they … Read more

China spent $230 billion to build its electric car industry, CSIS says

Workers assemble a Wuling Hongguang Mini EV, an all-electric microcar manufactured by SAIC-GM-Wuling, at a plant of the joint automaker in Qingdao in east Chinas Shandong province Tuesday, Nov. 30, 2021. Future Publishing | Future Publishing | Getty Images BEIJING — China spent $230.8 billion over more than a decade to develop its electric car … Read more