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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.

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.

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.

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.

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.

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.

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

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.

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.

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%.

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.

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.

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.

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%.

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).

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.

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.

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.

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.

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.

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.

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.

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.

'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.

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.

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.

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.

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.

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.

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.