General race action during the Irwin Tools Night Race at the Bristol Motor Speedway. David J. Griffin | Icon Sportswire | Getty ImagesBaseball fans, start your engines.Major League Baseball announced Friday that NASCAR’s iconic Bristol Motor Speedway will host a regular-season MLB game for the first time next year.The game is set for Aug. 2, 2025, between the Atlanta Braves and the Cincinnati Reds. It will also be the first in-season MLB game to be held in Tennessee. “We look forward to celebrating our game with a wide array of fans, both on and off the field throughout the weekend, and highlighting…
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Top Volkswagen and Xpeng executives pose at the German automaker’s launch event in Beijing, China, on Aug. 24, 2024.Bloomberg | Bloomberg | Getty ImagesBEIJING — Hundreds of Volkswagen staff are spending time at Xpeng as the German auto giant and Chinese startup work to create electric cars for China, Xpeng co-president Brian Gu told CNBC on Monday.He also said the partnership will help Xpeng’s global ambitions.Volkswagen in July 2023 announced a $700 million investment into Xpeng to jointly develop two electric cars for delivery in China in 2026. The vehicles will be based on the platform for Xpeng’s G9, a…
A photo shows the company’s logo on the headquarters of Danish biotechnology company Bavarian Nordic in Hellerup, north of Copenhagen.Liselotte Sabroe | Afp | Getty ImagesShares of Danish biotech company Bavarian Nordic jumped 13% on Thursday after it reported stronger-than-expected earnings and announced a bumper vaccine order from an unnamed European country amid the ongoing mpox outbreak.Bavarian Nordic reported second quarter revenues of 1.43 billion Danish krone ($213 million) and operating profit of 420 million krone, ahead of analyst expectations cited by Reuters.Shares were up 13% by 11:58 a.m. London time.In a statement on Wednesday, the firm also said it…
Nvidia (NVDA) has been at the forefront of the AI-driven market rally over the past 18 months, fueled by its leading position GPUs, essential for AI computation. However, as the market becomes increasingly sensitive to the enormous capital expenditures required to sustain this growth, investors are seeking more clarity on when these investments will translate into substantial revenue. With NVDA’s earnings due after the close Wednesday, there’s significant anticipation around whether the demand for AI-related hardware remains robust. For investors who want to remain invested for the long term, but are concerned about a short-term pullback on earnings, a protection…
CNBC’s Robert Frank joins ‘Fast Money’ to talk changing demographics in the car collecting market. Source link
IRS Commissioner Daniel Werfel testifies before a Senate Finance Committee hearing on Feb. 15, 2023.Kevin Lamarque | ReutersIf you received business payments via apps such as PayPal or Venmo or e-commerce companies such as eBay, Etsy or Poshmark in 2023, your tax return may now be a little less complicated.The IRS announced Tuesday that 2023 would be a “transition year” for a new tax reporting requirement affecting such payments. Once in place, it will trigger Form 1099-K for just $600 in payments, even if that income stemmed from a single business transaction.For 2023, the old limit of more than 200 transactions worth an aggregate…
Being cynical may seem harmless, or even safer than trusting others, but that’s far from the truth, according to Jamil Zaki, an associate professor of psychology at Stanford University. He is the author of the new book “Hope for Cynics: The Surprising Science of Human Goodness.”Cynicism is “the belief that humanity in general is selfish, greedy and dishonest,” Zaki tells CNBC Make It, and it can be harmful for your health.”Cynics tend to be more depressed [and] anxious. They suffer from more addiction. But it’s also physical. Cynics tend to suffer from more heart disease [and] more diabetes. They even…
Here are the most important news items that investors need to start their trading day:1. Fed by the FedStocks jumped last week as investors looked toward an expected interest rate cut in September. Federal Reserve Chair Jerome Powell bolstered a solid run for stocks when he indicated the central bank would ease borrowing costs soon. All three major U.S. indexes gained more than 1% for the week and notched their second straight positive week. Economic data due this week includes jobless claims Thursday and personal consumption expenditures on Friday. Follow live market updates here.2. Chips and consumersA busy week of…
Ukrainian soldiers prepare a vehicle adapted to fire helicopter shells as the Russia-Ukraine war continues in the direction of Toretsk, Ukraine, Aug. 19, 2024. Anadolu | Anadolu | Getty ImagesUkraine carried out one of the largest-ever drone attacks against Moscow on Wednesday, as Kyiv continues to launch counteroffensives on Russian soil.Russia’s Defense Ministry said it destroyed 45 Ukrainian drones overnight, of which 11were over Moscow, according to a Google-translated update on Telegram.”This is one of the largest attempts to attack Moscow with drones ever. We continue to monitor the situation,” Moscow Mayor Sergei Sobyanin said in a separate Google-translated Telegram post,…
The opening of Biennial exhibit “Even better than the real thing” at The Whitney Museum of American Art on March 12, 2024, in New York City.Sean Zanni | Patrick Mcmullan | Getty ImagesNew York City’s art museums are among the most popular in the world — the Metropolitan Museum of Art (known as the Met) and Museum of Modern Art (MoMA) attracted 5.4 million and 2.8 million visitors, respectively, in 2023, according to The Art Newspaper.CNBC asked artists to name their top New York galleries, ranging from the well-known to the underground.London-based screen-printing artist Diego Arellano likes Manhattan’s Chelsea galleries…
