Jeanie Buss during the unveiling of a statue of former Lakers coach Pat Riley in Star Plaza in front of Crypto.com Arena in Los Angeles, Feb. 22, 2026. Keith Birmingham | MediaNews Group | Pasadena Star-News | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a…
Nicolasmccomber | E+ | Getty Images For consumers, the actual amount paid at the cash register increasingly depends on the payment type used. Given the end of penny production last year by the U.S. Mint, many merchants have begun rounding cash payments up or down to the nearest nickel. States have passed laws governing how…
An aerial view of the Warner Bros. Studio lot on July 13, 2026 in Burbank, California. Justin Sullivan | Getty Images Warner Bros. Discovery is feeling whiplash. It was only last summer that the company said it would split itself in two and began the process of creating separate, publicly traded entities: Warner Bros., which…
Prices consumers pay for a variety of goods and services rose slightly in July, according to the Federal Reserve’s main inflation gauge. The personal consumption expenditures price index, which the Fed uses as its preferred forecasting tool, increased a seasonally adjusted 0.2% for the month, putting the annual inflation rate at 3.7%, the Commerce Department…
SAN FRANCISCO — Hyundai Motor Co. CEO José Muñoz smiled and nodded as a fellow executive discussed the automaker’s “mueos-ideun ganeunghada” philosophy during the reveal of its new flagship Genesis GV90 SUV. The term means “anything is possible” in Korean. It’s a mantra for the South Korean automaker that has proved to be true for…
The logo for the Food and Drug Administration is seen ahead of a news conference at the Health and Human Services Headquarters in Washington, April 22, 2025. Nathan Posner | Anadolu | Getty Images The Department of Health and Human Services is planning to create two new deputy commissioner roles at the Food and Drug…
The K-shaped economy has become shorthand for a widening, persistent economic divide: higher-income Americans pulling further ahead — in wealth, spending, and financial security — while many lower-income households struggle to keep up. Now, that shape may be shifting. “I got sick of hearing about this K-shaped economy,” Treasury Secretary Scott Bessent told CNBC’s “Squawk…
Sinology | Moment | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight…
Treasury Secretary Scott Bessent’s bond market interventions have generated a modest decline in yields along with a growing chorus of derision from those who think they won’t work over the long haul and could have dangerous repercussions. Wall Street has been generally skeptical that Treasury has enough firepower to manage a fixed income market that…
Bugatti CEO Mate Rimac said the supercar market is entering its “Swiss watch phase,” with the wealthiest buyers rejecting high-tech electronics and electric vehicles in favor of precision mechanics and hand-crafted details. Rimac, the 38-year-old EV entrepreneur who took over Bugatti in 2021, said the car market is splitting in two: The mainstream global car…