The one-two punch of strong earnings and tame inflation helped propel the S & P 500 to a positive week — despite the latest tariff news on Friday putting a slight damper on the action. The broad index added 0.59% for the week led by technology, utilities and industrials, while the tech-heavy Nasdaq outperformed, jumping 1.51%. Meanwhile, the Dow Jones Industrial Average finished the week slightly in negative territory, down 0.07%, after falling 142 points Friday on a report that President Donald Trump was pushing for between 15% to 20% tariffs in any deal with the European Union. The main…
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Landing of an Aeromexico La Laguna airline plane at Mexico City International Airport.Gerrardo Vieyra | NurPhoto | Getty ImagesThe Trump administration said on Saturday it is taking a series of actions against Mexico over the Mexican government’s decisions to rescind some flight slots for U.S. carriers and force U.S. cargo carriers to relocate operations in Mexico City.U.S. Transportation Secretary Sean Duffy said in a statement the department could disapprove flight requests from Mexico if the government fails to address U.S. concerns over decisions made in 2022 and 2023. The department is also proposing to withdraw antitrust immunity from the Delta…
Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during a news conference in Taipei on May 21, 2025.I-hwa Cheng | Afp | Getty ImagesNvidia CEO Jensen Huang sold 75,000 shares on Friday, valued at about $12.94 million, according to a filing with the U.S. Securities and Exchange Commission. Friday’s sale is part of a plan adopted in March for Huang to sell up to 6 million shares of the leading artificial intelligence company. Earlier this week, Huang sold 225,000 shares of the chipmaker, totaling about $37 million, according to a separate SEC filing. The CEO began trading stock per the plan last month.Surging demand…
In 2019, Ashley Kaye took a scuba diving trip to Honduras that changed the course of her life.On that trip, Kaye met someone who travels full-time, and the conversation they had helped her realize she wanted to leave her career and life in Wisconsin behind and continue traveling.”He told me he wished he had done it sooner because it’s so much easier and cheaper than you think. That changed everything for me,” Kaye tells CNBC Make It. “I went home and worked more and more until I quit the next year.”Kaye spent three years traveling the world before she started…
Portrait of American financier Jeffrey Epstein, left, and Donald Trump as they pose together at the Mar-a-Lago estate in Palm Beach, Florida, in 1997.Davidoff Studios Photography | Archive Photos | Getty ImagesPresident Donald Trump has directed Attorney General Pam Bondi to “produce any and all pertinent Grand Jury testimony” in the Jeffrey Epstein case — but it’s unclear what’s in that material, or whether a judge will even allow it to be released.The Justice Department filed the motion in federal court in New York late Friday afternoon, calling on a judge to “release the associated grand jury transcripts” of cases having to…
U.S. President Donald Trump speaks before signing the “Genius Act”, which will develop regulatory framework for stablecoin cryptocurrencies and expand oversight of the industry, at the White House in Washington, D.C., U.S., July 18, 2025. Nathan Howard | ReutersPresident Donald Trump said Saturday that even if the courts release the grand jury transcripts in the criminal cases of notorious sex offender Jeffrey Epstein and his convicted procurer of young girls, Ghislaine Maxwell, “nothing will be good enough for the troublemakers and radical left lunatics.””It will always be more, more, more. MAGA!” Trump wrote on Truth Social.Trump’s post comes one day after…
Billionaires tend to give one bad piece of career advice, according to self-made millionaire and bestselling author Scott Galloway: Follow your passion.”The worst advice the billionaires give is ‘follow your passion,'” Galloway, a serial entrepreneur and New York University marketing professor, told LinkedIn’s “The Path” video series in an episode that published on June 3. “Anyone who tells you to follow your passion is already rich.”Born in Los Angeles to a single mother, Galloway said that his family’s income never exceeded $40,000 during his childhood, and that he thought his passion for athletics would bring him financial freedom. After discovering…
U.S. Federal Reserve Chair, Jerome Powell and U.S. President Donald Trump. Annabelle Gordon | Kevin Lamarque | ReutersIf President Donald Trump tries to fire Federal Reserve Chair Jerome Powell, it would almost certainly set off a courtroom battle that legal and policy experts say is bound to get messy, with uncertain impacts on the central bank, financial markets and the economy.The tempestuous situation poses a myriad of thorny questions for which there are no easy answers considering no president ever has tried to unseat a Fed chair.Among them:Does Trump have the authority to remove Powell? The answer is almost certainly…
Some stocks that have seen meaningful gains in recent days could be set to change course, a technical indicator shows. The S & P 500 ended Friday little changed , weighed down by trade policy concerns among investors after President Donald Trump reportedly called for more tariffs on the European Union. However, the broad market index posted a weekly gain of 0.6% as optimistic economic data and the latest slew of earnings results from names like Goldman Sachs and PepsiCo pushed the benchmark into the green for the period. CNBC Pro used its stock screener tool to identify the most…
What would it take for you to feel financially comfortable?For most of the people who work with Joy Slabaugh, a certified financial planner, licensed therapist and founder of Wealth Alignment Institute, the answer is the same.”It’s always a little bit more than what they have,” she says. “Regardless of how much money they have, it’s just a little bit more.”On average, Americans say they’d need a net worth of $839,000 to feel financially comfortable, according to a recent survey from Charles Schwab. Members of Gen Z say they’d be comfortable with less — just $329,000, on average.You may be wondering…
