People come to the beach to look at the waves before Hurricane Erin’s near approach, in Kitty Hawk, North Carolina, U.S. August 20, 2025. Maria Alejandra Cardona | ReutersHurricane Erin battered North Carolina’s Outer Banks with strong winds and waves that flooded part of the main highway and surged under beachfront homes as the monster storm slowly began to move away from the East Coast on Thursday.Forecasters predicted the storm would peak Thursday and said it could regain strength and once again become a major hurricane, Category 3 or greater, but it was not forecast to make landfall along the…
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Erik Isakson | Digitalvision | Getty ImagesThe U.K. government is facing a legal challenge from campaigners over its decision to override a local authority and wave through development of a new “hyperscale” data center.Last year, the local authority of Buckinghamshire, England, denied planning permission for proposals to build a new 90-megawatt data center on green belt land. The green belt is a term in British town planning that refers to an area of open land on which building is restricted.Data centers, large facilities that house floods of computing systems to enable remote delivery of various IT services, have seen huge…
U.S. President Donald Trump shakes hands with President of the European Commission Ursula von der Leyen as he announces a trade deal with the EU at Trump Turnberry golf club on July 27, 2025 in Turnberry, Scotland. U.S.Andrew Harnik | Getty Images News | Getty ImagesThe U.S. and European Union on Thursday revealed fresh details about their trade framework, including on hotly contested and anticipated pharma and semiconductor tariffs.After weeks of heated negotiation, Brussels and Washington finally arrived at a trade agreement late last month, setting out 15% blanket tariffs on EU exports to the U.S. Under the deal, the…
HELOCs, or home equity lines of credit, give homeowners a way to leverage the growing value of their house for anything from renovations to college tuition — and enjoy 10 years of interest-only payments.Plus, unlike with a home equity loan, they only have to repay what they use, rather than a large lump sum.Rates on HELOCs have been decreasing precipitously since last summer, according to a Bankrate survey: On Aug. 6, 2025, the average was 8.13% for a $30,000 HELOC, compared to 8.25% for the same-sized home equity loan.Thinking about a HELOC? Here’s how to calculate your payments during both…
Starbucks’ Coco Matcha and Coco Cold Brew drinks.Courtesy: StarbucksStarbucks will expand its test of coconut water beverages to hundreds of more stores, as it leans further into health and wellness.Starting Thursday, the coffee giant will test its Coco Matcha and Coco Cold Brew drinks in more than 400 stores across major cities including New York, Los Angeles and the greater Chicago area. The drinks layer matcha foam or cold brew foam over coconut water.Starbucks first tested the coconut beverages in New York City as a part of its “Starting Five” innovation program, in which it tests out new ideas in…
Residential and commercial properties near the Shibuya district of Tokyo on May 4, 2023.Richard A. Brooks | Afp | Getty ImagesIn Tokyo’s Shibuya district, towering skyscrapers and luxury condominiums symbolize Japan’s urban real estate frenzy — with prices surging in recent years.In 2024, the average price of new condos in the 23 municipalities at the heart of Tokyo hit 111.81 million yen (about $760,000), according to Real Estate Economic Research Institute’s report earlier this year. The median price — a better gauge of the market — was 89.4 million yen, up 9% from a year earlier. On a median basis,…
White House economic adviser Kevin Hassett speaks next to U.S. President Donald Trump in the Oval Office of the White House in Washington, D.C., U.S., March 7, 2025. Leah Millis | ReutersPresident Donald Trump will tap his top economic advisor Kevin Hassett to be the next Federal Reserve chair, according to respondents to a special Jackson Hole Edition of the CNBC Fed Survey. But when asked who the president should pick, Hassett ranked a more distant fourth.Hassett, the director of the National Economic Council, firmly led the pack when asked who the president will choose from among 11 names currently being…
Hello, I am Ayushi Jindal, producer of CNBC’s TV namesake of this newsletter, writing from Singapore.This week I look at how India’s proposed Goods and Services Tax overhaul will boost consumption and what young consumers feel about it. Enjoy!Shoppers at the DLF Promenade mall in New Delhi, India, on Oct. 21, 2023. As the number of middle to high-income households climb, India’s consumer market is positioned to become the world’s third largest by 2027, according to estimates by BMI.Bloomberg | Bloomberg | Getty ImagesThis report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and…
Twenty-two years ago, Michael Fiddelke was a finance intern at Target. Now, he’s set to become the company’s next CEO.Fiddelke, currently Target’s chief operating officer, will take over the top position and join the board of directors on February 1, 2026, the company announced on Wednesday. He’ll replace Brian Cornell, who’s run the retailer for the last 11 years — overseeing it through record stock highs in 2021 and an ongoing market slump essentially ever since.When Fiddelke interned at Target in 2003, he was a graduate student at Northwestern University studying business administration and finance. Target hired him as a…
A Palantir sign at the World Economic Forum annual meeting in Davos, Switzerland, on May 22, 2022.Fabrice Coffrini | Afp | Getty Images If you have any U.S. technology stocks in your portfolio (and let’s face it, who doesn’t?), you might want to look away.For the second day in a row, tech stocks dragged markets lower, with the Nasdaq Composite slipping 0.67%. Juggernauts such as Apple, Amazon and Alphabet were more meh-nificent than magnificent, falling more than 1%.Palantir — the standout S&P 500 stock, having more than doubled so far this year — had its sixth consecutive day in the…
