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A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Major luxury stocks have fallen 15% or more since the Iran war started, and sales in the increasingly important Middle East market could […]
White House AI and crypto czar David Sacks was appointed as co-chair of the President’s Council of Advisors on Science and Technology (PCAST), expanding his role within the Trump administration. President Donald Trump established PCAST through an executive order on Wednesday, aimed at bringing together leading figures in science and technology to advise the president and strengthen US […]
A major teachers’ union is calling for its members to skip Target when buying back-to-school supplies, the latest twist in a series of boycotts that have targeted the big-box retailer as its turnaround shows signs of life, CNBC has learned. The AFT, or American Federation of Teachers, passed a resolution Thursday that calls on its 1.8 […]
Elon Musk’s lawyer is accusing a San Francisco federal jury of “mocking” the billionaire by including “$4.20” among the figures for recommended damages in a class-action suit that accused the tech titan of misleading Twitter investors. In a Thursday letter to US District Judge Charles Breyer, defense attorney Alex Spiro argued the verdict was “corrupted” […]
A Delta Air Lines Boeing 757-200 plane passes by the Capitol dome in Washington as it comes in for a landing at Ronald Reagan Washington National Airport, Nov. 9, 2025. Bill Clark | Cq-roll Call, Inc. | Getty Images No sky perks for you! Delta Air Lines suspended its airport escorts and red coat services […]
Meta is making a play for Main Street. The tech giant is launching Meta Small Business, an aggressive initiative offering the 250 million small and medium businesses that use its platform a suite of new AI tools. The company is betting that smaller enterprises will drive its next growth phase as its core ad business faces […]
President Donald Trump said he’s considering sending the National Guard to U.S. airports, two days after the administration deployed Immigration and Customs Enforcement agents to several major U.S. airports following hourslong waits for travelers because of the partial government shutdown. In a Truth Social post Wednesday, Trump blamed Democrats for the shutdown, which began Feb. 14. “Thank […]
Elon Musk is demanding a Delaware judge step aside from a high-stakes Tesla case after she allegedly “supported” a LinkedIn post mocking a $2 billion verdict against him in a separate California case. Lawyers for Musk and Tesla filed a motion in Delaware’s Court of Chancery seeking the recusal of Chancellor Kathaleen St. J. McCormick […]
United Airlines aircraft at Denver International Airport, Aug. 4, 2023. Antonio Perez | Chicago Tribune | Tribune News Service | Getty Images LOS ANGELES — United Airlines‘ formula for higher profits: fewer but better seats. The country’s second-most profitable carrier after Delta Air Lines on Tuesday unveiled new cabin designs, including on some of its […]
Irwin Simon, who famously pivoted to legal weed after making a name for himself building an herbal tea empire, is expanding his company’s beer offerings. Tilray Brands, where he is CEO, recently snatched up UK-based BrewDog for a cool $53 million – a far cry from the $2 billion valuation it had at its peak. […]
