This story is part of CNBC Make It’s Millennial Money series, which details how people around the world earn, spend and save their money. In 2007, Alex Smith had no designs on building a multi-state restaurant group that brings in nine figures annually. He just wanted to open an ice cream shop. Smith, now 40, was right … Read more
The money Vladislav Klyushin made from stolen financial information literally piled up, filling a safe with stacks of hundred-dollar bills. At one point, he was hoarding over $3 million in illegal gains. In less than three years, Klyushin’s cybersecurity scam amassed more than $93 million. His company, M-13, acted as a front for Russian hackers … Read more
Trade groups say Chinese electric vehicles pose an “existential threat” to the U.S. auto industry. China currently makes about one out of every three of the world’s new vehicles, and it has the capacity to make even more, according to research firm Dunne Insights. But faced with a growing preference for hybrids at home and … Read more
Record inflation may have people questioning whether homeownership is still a good investment. Home prices have been rising faster than incomes, which can be a problem for homeowners because as the value of a home rises, so does the cost to maintain it. More than 1 in 4 homeowners with mortgages are considered “cost-burdened,” meaning … Read more
WASHINGTON — The White House announced a massive, multinational prisoner swap Thursday between the United States, Russia and other nations. As part of the historic deal, the Russian government released high-profile Americans held in captivity there, including Wall Street Journal reporter Evan Gershkovich, who had been in a Russian prison for more than a year. … Read more
President Joe Biden, age 81, ended his 2024 reelection bid as concern for his vitality mounted within the Democratic Party. “There are cognitive issues,” said former Senator Bob Kerry, D-Neb., in a July interview with CNBC. The issue of aging lawmakers in the U.S. extends well beyond the presidency. At the start of the 118th … Read more
Thanks to the artificial intelligence boom, new data centers are springing up as quickly as companies can build them. This has translated into huge demand for power to run and cool the servers inside. Now concerns are mounting about whether the U.S. can generate enough electricity for the widespread adoption of AI, and whether our … Read more
Nickel mining in Indonesia has surged, making it the world’s top producer of the metal. With over 14 active mines, Indonesia supplies more than 40% of global nickel demand, driven by its crucial role in electric vehicle (EV) batteries. “Nickel is needed for the development of the electric vehicle sector, which is going to benefit … Read more
When Jessica Rolph had her first child in June 2010, she wanted to know everything about his developing brain. “There’s a lot of expertise that goes into understanding curriculum for 5- and 6-year-olds when they start school,” says Rolph, 49. “But what about the early years?” She dove into early childhood development research, seeking to … Read more
Truth Social is a social media platform whose majority owner is former President Donald Trump. A team of early investors say they want to “end Big Tech’s assault on free speech.” Achieving that may require a rapid uptick in the size of its user base, which is currently unknown. The public has limited access to … Read more
