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Elon Musk hypes Tesla Cybertruck at deliveries event in Austin


Created: Thu, 30 Nov 2023 22:09:11 GMT

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Tesla previously aimed to sell its base model Cybertruck for about $40,000 but on Thursday revealed the base model will cost around $61,000.

Read more: Elon Musk hypes Tesla Cybertruck at deliveries event in Austin


Stock futures inch lower after Dow notches new high for the year: Live updates


Created: Fri, 01 Dec 2023 00:00:55 GMT

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The Dow Jones Industrial Average notched a 2023 high and capped off its best month in over a year.

Read more: Stock futures inch lower after Dow notches new high for the year: Live updates


OpenAI tender offer is on track for January despite leadership fracas, sources say


Created: Thu, 30 Nov 2023 23:46:16 GMT

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A round which would value OpenAI at around $86 billion is back on track after Sam Altman returned to the company, offering employees a chance at liquidity.

Read more: OpenAI tender offer is on track for January despite leadership fracas, sources say


Activist investor Nelson Peltz launches Disney proxy fight, seeks multiple board seats


Created: Thu, 30 Nov 2023 21:37:42 GMT

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Nelson Peltz and his firm, Trian, are seeking multiple seats on Disney's board, triggering a proxy fight.

Read more: Activist investor Nelson Peltz launches Disney proxy fight, seeks multiple board seats


November’s rally has set the 60/40 portfolio on track for its best month since 2020


Created: Thu, 30 Nov 2023 18:17:05 GMT

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Keeping diversified and staying the course can pay off.

Read more: November’s rally has set the 60/40 portfolio on track for its best month since 2020


Stocks just had their best month of the year. Why it happened and who led the way


Created: Thu, 30 Nov 2023 21:06:51 GMT

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The S&P 500 is poised to snap a three-month losing streak thanks to a broad rally.

Read more: Stocks just had their best month of the year. Why it happened and who led the way


Coinbase rallies more than 60% in same month that FTX and Binance founders brace for prison


Created: Thu, 30 Nov 2023 21:08:05 GMT

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Coinbase's stock had its second-best month since the company's public market debut, and analysts attribute much of the rally to Binance's retreat

Read more: Coinbase rallies more than 60% in same month that FTX and Binance founders brace for prison


Ulta Beauty shares pop as sales climb 6%


Created: Thu, 30 Nov 2023 22:34:02 GMT

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Ulta Beauty reported a jump in sales year over year and said its chief financial officer would retire in April.

Read more: Ulta Beauty shares pop as sales climb 6%


Novo Nordisk sues two pharmacies for allegedly selling tainted Wegovy, Ozempic knockoffs


Created: Thu, 30 Nov 2023 22:26:15 GMT

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The lawsuits come as Novo Nordisk grapples with shortages of Wegovy and Ozempic in the U.S. due to skyrocketing demand. 

Read more: Novo Nordisk sues two pharmacies for allegedly selling tainted Wegovy, Ozempic knockoffs


Cathie Wood’s Innovation ETF is up 31% in November, notching its best month ever


Created: Thu, 30 Nov 2023 21:05:51 GMT

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The fund rebounded drastically from three straight months of losses, pushing 2023 gains to 47%.

Read more: Cathie Wood’s Innovation ETF is up 31% in November, notching its best month ever


Disney CEO Bob Iger says company's movies have been too focused on messaging


Created: Thu, 30 Nov 2023 20:29:59 GMT

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Disney CEO Bob Iger acknowledged his company's movies have been too focused on messaging rather than strong storytelling.

Read more: Disney CEO Bob Iger says company's movies have been too focused on messaging


Nashville added nearly 100 new residents per day in 2022. Here's why people are moving to Music City


Created: Thu, 30 Nov 2023 20:04:10 GMT

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In 2022, Nashville grew by roughly 100 people per day. Here's why transplants are still moving to Music City.

Read more: Nashville added nearly 100 new residents per day in 2022. Here's why people are moving to Music City


Fed's favorite gauge shows inflation rose 0.2% in October and 3.5% from a year ago, as expected


Created: Thu, 30 Nov 2023 16:50:08 GMT

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The personal consumption expenditures price index was expected to increase 0.2% in October on a monthly basis and 3.5% from a year ago.

Read more: Fed's favorite gauge shows inflation rose 0.2% in October and 3.5% from a year ago, as expected


Pending home sales drop to a record low, even worse than during the financial crisis


Created: Thu, 30 Nov 2023 16:46:28 GMT

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Mortgage rates in October rose sharply, with the average on the 30-year fixed loan briefly eclipsing 8%.

Read more: Pending home sales drop to a record low, even worse than during the financial crisis


Crypto ally Rep. Patrick McHenry fights for industry-backed regulation bill


Created: Thu, 30 Nov 2023 21:46:37 GMT

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McHenry's crypto bill faces stiff opposition from powerful Democrats, including Senate Banking Committee chairman Sherrod Brown (Ohio).

Read more: Crypto ally Rep. Patrick McHenry fights for industry-backed regulation bill


U.S. crude declines as skepticism mounts over OPEC+ cuts


Created: Thu, 30 Nov 2023 20:54:10 GMT

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Traders are concerned the cuts are only voluntary, raising the question of whether OPEC+ can follow through and curtail output, an analyst said.

Read more: U.S. crude declines as skepticism mounts over OPEC+ cuts


This 3-year cruise around the world was going to cost passengers less than the average rent in NYC—now it's canceled


Created: Thu, 30 Nov 2023 21:44:15 GMT

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Life at Sea Cruises canceled a three-year around the world cruise just weeks before it was supposed to set sail. Here's why.

Read more: This 3-year cruise around the world was going to cost passengers less than the average rent in NYC—now it's canceled


Peltz's renewed fight for Disney board seats keeps pressure on CEO Iger to right the ship


Created: Thu, 30 Nov 2023 17:49:41 GMT

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Nelson Peltz's Trian Partners said its Disney stake was currently worth roughly $3 billion.

Read more: Peltz's renewed fight for Disney board seats keeps pressure on CEO Iger to right the ship


U.S. Treasury lobbies for more power to chase crypto crime outside America: CNBC Crypto World


Created: Thu, 30 Nov 2023 20:06:46 GMT

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CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Kraken's chief legal officer, Marco Santori, discusses the SEC's latest enforcement action against the crypto exchange.

Read more: U.S. Treasury lobbies for more power to chase crypto crime outside America: CNBC Crypto World


Now at a new 2023 high, the Dow is approaching a record. These stocks could push it over the top


Created: Thu, 30 Nov 2023 16:21:55 GMT

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Analysts expect some members to see big upsides ahead.

Read more: Now at a new 2023 high, the Dow is approaching a record. These stocks could push it over the top


2023 and 2024 federal income tax brackets — how much will you pay?


Created: Thu, 30 Nov 2023 19:51:06 GMT

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Find out how much you'll pay in federal income taxes.

Read more: 2023 and 2024 federal income tax brackets — how much will you pay?


Biotech stocks jump on AbbVie deal to buy cancer drugmaker ImmunoGen for $10 billion


Created: Thu, 30 Nov 2023 21:07:55 GMT

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Shares of other biotech companies developing ADCs, which are among the hottest areas in the pharmaceutical industry, jumped on the news of the buyout.

Read more: Biotech stocks jump on AbbVie deal to buy cancer drugmaker ImmunoGen for $10 billion


With tipping, wages are 'shifted onto the customer'—here's why we do that in the U.S.


Created: Thu, 30 Nov 2023 21:07:09 GMT

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Guilt tipping, tipflation — there have been many varying opinions about tipping lately. Here's where the practice came from.

Read more: With tipping, wages are 'shifted onto the customer'—here's why we do that in the U.S.


'Sound of Freedom' studio looks to build on crowdfunding success with new film 'The Shift'


Created: Thu, 30 Nov 2023 20:01:51 GMT

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Angel Studios' "The Shift" was crowdfunded by 6,000 investors. It arrives in theaters Friday.

Read more: 'Sound of Freedom' studio looks to build on crowdfunding success with new film 'The Shift'


Mars, accused of using child labor in its supply chain, says it aims to end the practice


Created: Thu, 30 Nov 2023 20:09:02 GMT

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Children in Ghana are harvesting cocoa used in Mars' M&M's and Snickers, according to a CBS News report.

Read more: Mars, accused of using child labor in its supply chain, says it aims to end the practice


Oil kingpin Saudi Arabia extends its production cut into first quarter as OPEC+ holds policy


Created: Thu, 30 Nov 2023 18:30:55 GMT

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The OPEC+ alliance had already instituted a 2 million-barrels-per-day cut in place until the end of 2024.

Read more: Oil kingpin Saudi Arabia extends its production cut into first quarter as OPEC+ holds policy


Trump gag order in fraud case reinstated by New York appeals court


Created: Thu, 30 Nov 2023 20:04:29 GMT

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A New York appeals court reinstated a gag order on Donald Trump in his civil fraud trial before Judge Arthur Engoron set closing arguments for mid-January.

Read more: Trump gag order in fraud case reinstated by New York appeals court


This 48-year-old bet he could take on Coca-Cola—now his beverage company is worth $1.6 billion


Created: Thu, 30 Nov 2023 21:05:49 GMT

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Vita Coco co-founder Michael Kirban went into shock when Coca-Cola bought a stake in the coconut water company's biggest rival. Here's how he took on a giant.

Read more: This 48-year-old bet he could take on Coca-Cola—now his beverage company is worth $1.6 billion


Euro zone inflation sinks to 2.4%, below expectations


Created: Thu, 30 Nov 2023 14:57:03 GMT

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Euro zone price rises cooled to 2.4% November, flash figures showed.

Read more: Euro zone inflation sinks to 2.4%, below expectations


Investing in Space: Understanding Starship's second test flight


Created: Thu, 30 Nov 2023 19:32:27 GMT

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Starship is a spectacle. The rocket is a 40-story skyscraper, producing unprecedented amounts of power, and launching a few miles away from the viewing public.

Read more: Investing in Space: Understanding Starship's second test flight

 
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