Westend61 | Westend61 | Getty Images A version of this article appeared in CNBC’s Inside Wealth newsletter, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Trusts are designed to keep wealth out the public eye, and inheritance battles usually happen behind closed doors. But a first-of-its-kind…
The Eli Lilly and Novo Nordisk logos. Mike Blake | Tom Little | Reuters Every time Novo urges investors to look ahead, Eli Lilly gives them another reason to look back at its widening lead over the Danish drugmaker. Novo this week laid out an ambitious strategy to reignite growth beyond its top-selling Wegovy and…
SHENZHEN, CHINA – AUGUST 30: A man stands on the waterfront overlooking MSC and Ocean Network Express (ONE) container ships berthed beneath gantry cranes at Yantian Port on August 30, 2026, in Shenzhen, Guangdong Province, China. Cheng Xin | Getty Images News | Getty Images American businesses ramped up orders for Chinese goods in the…
The bond market is yelling at the Federal Reserve, but the messages are coming from different directions and pose a dilemma for policymakers as they seek to strike a balance that won’t tank the economy. Treasury yields continued their upward march Thursday as investors sought to price in a variety of factors: inflation still hovering…
The U.S. Department of Education opened the Free Application for Federal Student Aid, or FAFSA, on Wednesday, ahead of its anticipated Oct. 1 launch. The earlier rollout of the key college aid form could give more students a head start on securing much-needed financial assistance, experts say. Filing the FAFSA is the gateway to all federal aid,…
Simpleimages | Moment | Getty Images With yields on Treasurys continuing to push higher, consumers are likely to see interest rates on their borrowing rise — including for car loans, experts say. Across both short-term and long-term Treasurys, yields have climbed as stronger-than-expected economic data has fueled inflation concerns and expectations that the Federal Reserve…
Cat owners are spending on their feline friends in a bright spot for pet food makers and sellers. Though consumers are watching their wallets as the prices of fuel and groceries rise, sales for cat food and other cat-related products are climbing, according to sellers of those products. General Mills, Chewy and Petco Health and…
U.S. Secretary of Education Linda McMahon testifies before a Senate Appropriations hearing on U.S. President Donald Trump’s budget request for the Department of Education, on Capitol Hill in Washington, D.C., U.S., June 3, 2025. REUTERS/Annabelle Gordon Annabelle Gordon | Reuters A group of student loan borrowers sued the Trump administration on Thursday, alleging they suffered…
Barry Diller’s People Inc. has rescinded its proposal to buy MGM Resorts International, sending shares of the casino giant down 9% on Thursday. The update comes nearly four months after Diller’s company offered to purchase MGM Resorts for $48.30 per share. People Inc. already owns a roughly 26.1% stake in MGM. Diller, chairman of People…
Hyundai signage at the New York International Auto Show on April 2, 2026. Danielle DeVries | CNBC DETROIT — Hyundai Motor is expected to outsell Ford Motor during the third quarter for the first time ever, according to a new forecast released Thursday by Cox Automotive. The South Korean automaker is expected to report a…