Bubble tea may have started as a playful drink, but it has grown into an industry worth billions. The global bubble tea market size will grow from $2.83 billion in 2025 to $4.78 billion by 2032, according to a report from Fortune Business Insights.This year, three Chinese bubble tea chains — Mixue Group, Guming Holdings and Auntea Jenny — listed in Hong Kong, and raised more than $700 million as investors bet on China’s fast-growing consumer market. “This is the right place at the right time,” said William Ma, chief investment officer at Grow Investment Group, said in an interview with “CNBC…
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Carter Worth, Worth Charting, joins ‘Fast Money’ to take a technical look at DraftKings stock. Source link
Traffic moves along Interstate 80 on February 16, 2022 in Berkeley, California.Justin Sullivan | Getty ImagesThe U.S. Department of Justice said on Friday it has sued California in a bid to end the state’s enforcement of emissions standards for trucks.The DOJ said it filed two complaints this week in federal courts against the California Air Resources Board on the state’s enforcement of preempted emissions standards through its so-called “Clean Truck Partnership” with heavy-duty truck and engine manufacturers.”These actions advance President Donald J. Trump’s commitment to end the electric vehicle (EV) mandate, level the regulatory playing field, and promote consumer choice…
David Bellinger, Mizuho, joins ‘Fast Money’ to talk the upcoming slate of retail earnings. Source link
Gary Yeowell | Digitalvision | Getty ImagesPresident Donald Trump’s “big beautiful bill” enacted trillions in tax breaks — and some residents of certain states and counties could see bigger benefits.In 2026, individual taxpayers will save an average of $3,752, according to a Tax Foundation analysis released this week. That figure falls to $2,505 in 2030 as some tax breaks expire, such as the $40,000 limit on the federal deduction for state and local taxes, known as SALT.After falling for several years, the average tax cut could rise to $3,301 in 2035 once inflation boosts the value of permanent cuts. “That’s an interesting…
U.S. President Donald Trump and Russian President Vladimir Putin met face-to-face for almost three hours over Moscow’s war in Ukraine on Friday, the Kremlin said, as the two world leaders sought an end to the deadliest conflict in Europe in 80 years.There was no immediate word on whether the talks had produced any progress toward a ceasefire in the war, a goal that Trump had set at the outset. The pair were set to jointly speak to reporters shortly.Trump and Putin, along with top foreign-policy aides, conferred in a room at an Air Force base in Anchorage, Alaska in their first meeting since 2019. A blue backdrop behind them had…
The final trades of the day with the Fast Money traders. Source link
Yurou Guan | Moment | Getty ImagesUnder the Trump administration, more than 72,000 student loan borrowers who are likely eligible for debt forgiveness are stuck in a backlog of applications waiting for the relief.Some of them, like 46-year-old April Osteen, owe just a single payment. Others, like Dan Carrigg of Rhode Island, have been waiting a year for the government to respond to their application.”There are no updates,” Carrigg said. “They tell you nothing.”The program experiencing the challenges is known as Public Service Loan Forgiveness Buyback.That opportunity, first offered by the Biden administration, allows borrowers who qualify to have their…
Sam Altman, CEO of OpenAI attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., on July 8, 2025. David A. Grogan | CNBCOpenAI is preparing to sell around $6 billion in stock as part of a secondary sale that would value the company at roughly $500 billion, CNBC confirmed Friday.The shares would be sold by current and former employees to investors including SoftBank, Dragoneer Investment Group and Thrive Capital, according to a person familiar with the negotiations who asked not to be named due to the confidential…
CNBC’s MacKenzie Sigalos joins ‘Fast Money’ with a news alert on OpenAI. Source link
