As a personal finance consultant, Michela Allocca often hears from people who feel “very overwhelmed and defeated about their finances,” even if they make a good salary. Allocca gets it â managing money can be hard. But a lot of people who feel helpless are probably doing better than they think they are, says the … Read more
Elon Musk, CEO of Tesla and X, speaks at the Atreju political convention organized by Fratelli d’Italia (Brothers of Italy), in Rome, Dec. 15, 2023. Antonio Masiello | Getty Images The House Select Committee on the Chinese Communist Party sent a letter on Saturday to Elon Musk demanding that U.S. troops stationed in Taiwan get … Read more
The $2 trillion club has a new member: Nvidia . The leading artificial intelligence chipmaker’s market capitalization briefly topped $2 trillion on Friday, becoming only the third U.S. company in history to do so; it closed the session worth $1.94 trillion. Fellow Club names Apple and Microsoft are the others. Apple became the first, in … Read more
Changpeng Zhao, founder and CEO of Binance, attends the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris on June 16, 2022. Benoit Tessier | Reuters U.S. prosecutors Friday asked a judge to tighten the bond conditions of billionaire Binance founder Changpeng “CZ” Zhao as he awaits his … Read more
The United States blacklisted 14 Russian oil tankers Friday. Washington: The United States blacklisted 14 Russian oil tankers Friday as it sought to cut Moscow’s petroleum revenues by enforcing a price cap imposed by the West after the Ukraine invasion. The Treasury Department imposed sanctions on state-run shipping company Sovcomflot and said it was giving … Read more
Taylor Swift performs onstage at Lumen Field in Seattle on July 22, 2023. Mat Hayward/tas23 | Getty Images Entertainment | Getty Images The devil’s in the details, but local economies have a friend in Taylor Swift. The American pop star has spent nearly a year crossing the U.S. and globe with her high-flying “Eras” tour. … Read more
Iran presents its first hypersonic ballistic missile ‘Fattah’ (Conqueror) in an event attended by President Ebrahim Raisi and other government officials in Tehran, Iran on June 06, 2023. Sepah News | Anadolu Agency | Getty Images Iran has sent hundreds of its powerful ballistic missiles to the government of President Vladimir Putin in Russia, furthering … Read more
A trader works during the closing bell at the New York Stock Exchange (NYSE) on March 17, 2020 at Wall Street in New York City. Johannes Eisele | Afp | Getty Images Global markets hit record highs this week as the frenzy around artificial intelligence boosted risk sentiment and hopes of a return to economic … Read more
Total credit card debt in the U.S. has reached a record high â but people are putting less money toward paying it down. Americans collectively hold $1.13 trillion in credit card debt as of the end of December, according to the Federal Reserve Bank of New York’s latest Household Debt and Credit Report. On an … Read more
People shop at a retail store in Manhattan, New York City, on Jan. 5, 2024. Spencer Platt | 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 need to know, no matter where they are. Like what you see? … Read more
