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Shares of Samsung Electronics rose as much as 4.8% on Tuesday after the South Korean technology giant forecast record quarterly profit amid strong demand for artificial intelligence chips. Shares later pared gains to trade up 0.52%. In its preliminary earnings guidance, Samsung projected its operating profit for the January-March quarter to reach 57.2 trillion won […]
A Gulfstream G-IV private jet on approach to Washington’s Reagan National Airport in Arlington, Virginia, June 12, 2024. J. David Ake | Getty Images As the Iran war pushes jet fuel prices higher, well-heeled travelers are facing hefty surcharges to fly private, sometimes on flights booked months prior, charter brokers and aviation insiders told CNBC. […]
In the midst of tax season, with the April 15 deadline quickly approaching, the Internal Revenue Service is warning taxpayers about scammers out to rip you off. Scams tend to spike during tax filing season because people are already expecting communication regarding refunds, payments or account updates from the IRS, Eric Bronnenkant, head of tax at Edelman […]
The number of Americans facing home foreclosures jumped for the 12th month in a row last month, hitting the owners of nearly 40,000 homes and raising concerns about the housing affordability crisis, according to a new report. In February, 38,840 US properties faced foreclosure filings of all kinds, including default notices, scheduled auctions or bank […]
The war in Iran could raise global food prices as the conflict disrupts fertilizer shipments through one of the world’s most critical trade routes. While energy markets have focused on oil supply risks, analysts say threats to fertilizer supply chains through the Strait of Hormuz may also bring long-term economic issues through food inflation. “Beyond […]
Fuel prices could soar, and stay elevated for months. That could make groceries and other shipped goods more expensive. And consumers and businesses, stung by the rising costs, could choose to spend less, constraining economic growth. In the eyes of economists, that is the increasingly real and dire picture from the U.S.-led war with Iran, […]
Marian Hassan Finds Strength in Memories of Her Father’s Resistance If you want a pair of shoes made, you don’t begin by studying the leather. You look first at the shoes the shoemaker is wearing. We measure character by example, not by words. That is how I learned to understand integrity, by watching how people […]
Anciens Huang | Moment | Getty Images 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. As the world’s wealthiest pad their fortunes, they are spending more to run their private investment […]
A pharmacist displays a box of Wegovy pills at a pharmacy in Provo, Utah, Jan. 15, 2026. George Frey | Bloomberg | Getty Images Shares of Novo Nordisk rose more than 8% on Friday after early prescription data showed an encouraging start to the U.S. launch of the company’s new GLP-1 pill for obesity. In […]
Shares in home furnishing retailers jumped Friday after President Trump announced a one-year pause on higher tariffs on upholstered furniture, kitchen cabinets and vanities. Luxury furniture retailer RH rose 9.5% and online retailer Wayfair jumped 6.3%. Stock for Williams-Sonoma, which sells kitchenware and home decor, increased 5.3%. President Trump unveiling his tariffs based on the […]
