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04

The U.S. needs more of this critical metal — and China owns 80% of its supply chain

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China dominates the supply chain for many of the world's critical minerals, but so far it's held off on sweeping restrictions on at least one: tungsten.

Tuesday, Jul 2

17

How thousands of Americans got caught in fintech’s false promise and lost access to bank accounts

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The Synapse collapse has revealed fintech's promise of safety as a mirage. More than 100,000 Americans with $265 million in deposits were locked from accounts.

16

What Taylor Swift's The Eras Tour says about 'passion tourism'

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Traveling abroad for a Taylor Swift concert is perhaps the most prominent example of taking a trip motivated by personal interest, hobby or a cultural event.

02

Revolut CEO confident on UK bank license approval as fintech firm hits record $545 million profit

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Revolut's CEO Nikolay Storonsky said he is optimistic about the fintech firm's chances of being granted a U.K. banking license.

Monday, Jul 1

23

Chewy shares fall nearly 7% as the boost from Roaring Kitty's new stake diminishes

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The filing showed Roaring Kitty, whose legal name is Keith Gill, bought just over 9 million shares — amounting to a 6.6% stake in the company.

22

Citadel’s Ken Griffin says he's not convinced that AI will replace human jobs in the near future

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Griffin, whose firm has been at the forefront of automation, said machine-learning tools have their limits when it comes to adapting to changes.

17

Is the U.S. stock market too ‘concentrated’? Here’s what to know

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Just about a handful of large U.S. companies account for a third of the S&P 500 stock index. Some experts fear investors are at risk.

Saturday, Jun 29

18

Growth, value stocks could see boost from Russell rebalancing

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This key market event could help boost growth and value stocks. Here’s why.

01

JPMorgan and Morgan Stanley boost buybacks and dividends, while Citigroup and BofA take smaller steps

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The big banks announced their plans to boost capital return to shareholders after passing the annual stress test administered by the Federal Reserve this week.

Friday, Jun 28

16

Warren Buffett gives away another $5.3 billion, says his children will manage his estate

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Warren Buffett on Friday made his biggest annual donation to date, giving $5.3 billion worth of Berkshire Hathaway shares to five charities.

14

Apple's Vision Pro starts deliveries at a higher price in China than in the U.S.

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Apple's mixed-reality headset began deliveries in China on Friday with a retail price 18% higher than in the U.S.

06

Chinese smartphone maker Honor says AI's power is 'worthless' without data privacy

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The transforming power of artificial intelligence is of no value unless user data is protected, says the CEO of Chinese smartphone company Honor, George Zhao.

Thursday, Jun 27

23

IMF says Fed should hold interest rates where they are until 'at least' end of year

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IMF managing director Kristalina Georgieva said Thursday that the Federal Reserve should hold off on rate cuts until 'at least' the second half of the year.

22

Chewy stock pops 34% after Roaring Kitty posts a dog picture, then gives it all back

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Shares of the online pet food retailer saw a big roundtrip after Roaring Kitty posted a picture on social media platform X resembling its logo.

15

JPMorgan Chase says its stress test losses should be higher than what the Fed disclosed

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Last year, Bank of America and Citigroup made similar disclosures, saying that estimates of their own future income differed from the Fed's results.

Wednesday, Jun 26

23

Federal Reserve says all 31 banks in annual stress test withstood a severe hypothetical downturn

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This year's stress test included JPMorgan Chase and Goldman Sachs, credit card companies including American Express and regional lenders like Truist.

16

Morgan Stanley wealth advisors are about to get an OpenAI-powered assistant to do their grunt work

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The rollout will be a real-world test for the vaunted productivity gains of generative AI, which took the world by storm in late 2022.

14

China's EV architect says investing in Europe is a way forward

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Wan Gang became China's minister of Science and Technology around 2010 and is known for spearheading the country's early push into electric cars.

Your 401(k) is up, and a new report shows increased savings. But Americans need to do more

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Returns are up and people are saving more. But account balances for the median 401(k) are too low and Americans are still very reliant on Social Security.

08

Europe is at risk of over-restricting AI and falling behind U.S. and China, Dutch prince says

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Prince Constantijn of the Netherlands told CNBC Europe risks limiting its role in artificial intelligence to being a regulator, rather than an innovator.

02

The yuan's status as a global currency might be gaining ground. But top CEOs see more hurdles to clear

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For China's yuan to be used more globally, the currency needs more "applications" such as stocks and bonds, said Bonnie Chan, CEO of the Hong Kong exchange.

Tuesday, Jun 25

15

Fewer Americans are buying life insurance. Here's when you might need it

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Fewer Americans have bought life insurance in recent decades. That may put some households at financial risk.

12

Cisco is 'very optimistic' about its expanding business with China EVs

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Cisco is "very optimistic" about its growing business with Chinese electric car companies as they expand overseas, Cisco's Greater China head Ming Wong told CNBC.

Friday, Jun 21

20

Regulators hit Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America over living will plans

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The living wills are a key Federal Reserve and FDIC exercise mandated in the aftermath of the 2008 global financial crisis.

The stock market is in its longest stretch without a 2% sell-off since the financial crisis

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Wall Street's rise to record highs has come with very little volatility.

18

Nearly $109 million in deposits held for fintech Yotta’s customers vanished in Synapse collapse, bank says

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Despite mounting pressure to unfreeze all locked bank accounts in the Synapse collapse, messy records have created uncertainty over when that will happen.

10

China has spent at least $230 billion to build its EV industry, new study finds

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China spent $230.8 billion over more than a decade to develop its electric car industry, according to the Center for Strategic and International Studies.

07

China talks up support for IPOs. Investors are watching the speed of approval

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Chinese authorities this week announced new policy for supporting venture capital, raising hopes for faster approvals of initial public offerings.

Thursday, Jun 20

20

How investors can stay protected with emerging market opportunities

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BNY's global head of ETFs warns that investors should account for changing currency levels when investing internationally.

16

More states expected to roll out Inflation Reduction Act energy-efficiency rebates this summer

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New York was the first state to launch a consumer rebate program created by the Inflation Reduction Act.