Elon Musk receives a golden key from U.S. President Donald Trump in the Oval Office at the White House in Washington, D.C., U.S., May 30, 2025. REUTERS/Nathan HowardNathan Howard | ReutersPresident Donald Trump on Thursday denied claims that he wants to wreck Elon Musk’s companies and their work with the U.S. government.”Everyone is stating that I will destroy Elon’s companies by taking away some, if not all, of the large scale subsidies he receives from the U.S. Government,” he said in a post to Truth Social. “This is not so! I want Elon, and all businesses within our Country, to…
Author: usaeverydaylife
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — In 1973, The Chicago Board of Trade launched a subsidiary that would allow traders to place bets on a new standardized contract based on stock prices. These contracts, similar to but separate from the CBOT’s bread-and-butter commodity futures products, were called options. They carved out a single trading pit on the floor for these stock option contracts and standardized how they worked. At first, there were options on just sixteen publicly traded companies, like IBM. In…
Two-time Super Bowl MVP Eli Manning may have hung up his shoulder pads, but he’s still taking interest in the gear.The former New York Giants quarterback on Thursday announced he has invested in sports protective equipment maker XTech.Manning, who wore XTech shoulder pads during his playing days, said he took a stake in the company because he believes in the product and wants to make sure that youth athletes have the same high-level safety equipment that NFL players have.”They’ve [XTech] gone on to really dominate the NFL and the college market from the shoulder pad standpoint, and I want to…
Nvidia said Thursday that datacenters built with smuggled chips are a “losing proposition” and that it does not support unauthorized products.The statement came in response to a Financial Times report that at least $1 billion worth of its artificial intelligence chips illegally entered China.”Trying to cobble together datacenters from smuggled products is a losing proposition, both technically and economically,” a spokesperson said in a statement to CNBC. “Datacenters require service and support, which we provide only to authorized NVIDIA products.”According to the FT report, at least $1 billion worth of the company’s chips entered China as President Donald Trump rolled…
A general exterior view of the Moncler luxury fashion label store in Sloane Street, Knightsbridge on February 17, 2025 in London, United Kingdom. John Keeble | Getty Images News | Getty ImagesItalian luxury house Moncler said it’s currently relying on “very slight price increases” to offset the initial impact of U.S. tariffs, but warned that broader economic weakness could cause it to delay its new store openings next year.The Milan-headquartered retailer said Wednesday that it had raised prices by “mid-single-digit” percentages for the second half of 2025 and will raise them for the first half of next year, while adding…
Slightly over a year ago, CNN hosted a debate between then-President Joe Biden and Former (and current) President Donald Trump. President Biden’s approval rating heading into the debate was already low. The Pew Research Center’s survey in April of 2024 showed that the number of U.S. adults who disapproved of his performance as President vastly outnumbered those who approved. Times/Siena polls suggested Trump led Biden by about 3% among likely voters ahead of the debate, and that lead widened to 6% after Biden’s poor peformance and ultimately, he bowed to pressure from his own party to withdraw from the race.…
Versant signage on the floor at the New York Stock Exchange (NYSE) in New York, US, on Monday, July 21, 2025. Michael Nagle | Bloomberg | Getty ImagesComcast on Thursday announced the expected board members of its cable networks spinout, Versant.They come from backgrounds in media, technology, finance and other industries, according to Versant.Versant will be the parent company of what are now NBCUniversal’s cable networks, including USA Network, CNBC, MSNBC, Oxygen, E!, SYFY and Golf Channel. On the digital front, it is also set to house Fandango, Rotten Tomatoes, GolfNow, GolfPass and SportsEngine.The spinoff is expected to be completed…
U.S. Commerce Secretary Howard Lutnick answers questions during a television interview at the White House on June 11, 2025 in Washington, DC. Win Mcnamee | Getty ImagesCommerce Secretary Howard Lutnick said Thursday that TikTok will go dark for Americans unless China agrees to give the U.S. more control over the popular short-form video app.”We’ve made the decision. You can’t have Chinese control and have something on 100 million American phones,” Lutnick told CNBC’s “Squawk on the Street” on Thursday.TikTok’s future in the U.S. has been uncertain since 2024, when Congress passed a bill that would ban the platform unless its Chinese owner,…
Udaipur cityNavalarp Teratanatorn | 500px | Getty ImagesHello, this is Amala Balakrishner, writing from Singapore. This week, I look at migration trends among India’s wealthy and uncover what is pushing them out, and keeping them rooted in India.This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here.Each weekday, CNBC’s “Inside India” news show gives you news and market commentary on the emerging powerhouse businesses, and the people behind its rise. Livestream the…
Spotify has the ability to add more global users than Meta Platforms, YouTube, Amazon Prime or Netflix, and to increase revenue by 16% annually through 2030, according to Oppenheimer. Analyst Jason Helfstein upgraded the music streaming platform to outperform from perform and set an $800 price target on the stock, which implies shares can gain nearly 19%. “We believe that SPOT will benefit from the secular tailwind of growing digital audio streaming adoption and that the company’s subscription economics are better than most believe,” Helfstein wrote in a report on Wednesday. Shares of Spotify have rallied 51% so far this…
