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Economics at cnbc.com

Today News

07

South Korean president announces tax breaks for companies that raise shareholder returns

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These tax benefits will be given to companies that "actively expand dividends and push for [a] low-rate separate taxation on shareholders' dividend income tax."

06

China's BYD is set to take Tesla's crown as the world's No. 1 producer of battery electric vehicles

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Counterpoint Research on Tuesday said China "remains a dominant force in the BEV market" with BYD leading the way.

05

Asia-Pacific markets mostly rise as investors assess business activity data from the region

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Asia-Pacific markets mostly rose Wednesday, after U.S. Fed Chair Jerome Powell comments on inflation, while investors assessed a slew of data from the region.

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.

03

CNBC Daily Open: Tesla soars, S&P closes above 5,500

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The S&P 500 closed above 5,500 for the first time as the Fed Chair announced inflation progress. Tesla shares surged 10.2% despite a drop in deliveries.

02

Skydance and National Amusements near Paramount deal as special committee reviews terms

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National Amusements agreed to a preliminary deal to hand over control of Paramount to David Ellison's Skydance Media, the latest in a messy sales process.

Tuesday, Jul 2

23

Tesla shares soar 10% on better-than-expected Q2 deliveries report

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Tesla's delivery numbers for the second quarter beat Wall Street estimates.

22

Top Democrats Pelosi, Clyburn say Biden age concerns are 'legitimate' after debate

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President Biden stumbled through his first debate against Donald Trump, setting off alarm bells among Democrats about his ability to win November's election.

Trump sentencing date in hush money case postponed more than two months to Sept. 18

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Trump's lawyers sought to challenge the hush money verdict after the Supreme Court ruled that ex-presidents have “presumptive immunity” for their official acts.

U.S. crude oil pulls back from two-month high as traders assess Israel-Hezbollah, Hurricane Beryl risks

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Gasoline prices have hit an average of $3.50 per gallon ahead of the Fourth of July holiday.

Two analyst notes are boosting the shares of Costco and Amazon — here's why

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Shares of the two Club holdings were up more than 1.5% on Tuesday.

21

Is holding too much cash a mistake? Here's why that may lead to regrets, experts say

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Record returns on cash may distract investors from higher potential gains in stocks, experts say. Here's how to strike a balance.

Individual retirement account balances are growing — why that can be a 'tax nightmare,' advisor says

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Bigger individual retirement account balances can cause tax issues for retirees or their children who inherit the assets, experts say. Here's what to know.

First House Democrat urges Biden to withdraw from presidential race

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Rep. Lloyd Doggett is the first sitting House Democrat to formally call on President Joe Biden to drop his reelection bid against former President Donald Trump.

FDA approves Eli Lilly Alzheimer’s drug, expanding treatment options in the U.S.

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It's a long-awaited win for Eli Lilly after donanemab faced several delays in its path to the market, including an initial rejection from the FDA last year.

20

Trump may roll back student loan forgiveness programs if elected to second term

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If elected again, Trump could make deep cuts to financial aid programs for students. He has even called for shuttering the U.S. Department of Education.

We're buying the dips in 3 stocks muscled out by the market's mega-cap obsession

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We're making a handful of small buys in stocks that have gotten beaten up over the past couple of weeks as the market narrowed.

Biden campaign reports raising $127 million in June, over $30 million since debate

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High fundraising totals for the Biden campaign reflect steady grassroots contributions despite the president's sluggish debate performance.

19

The 15 U.S. states with the highest cost of living for single people—No. 1 isn't California, New York or Hawaii

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To live along in Massachusetts, you'd need to earn roughly $60,000—nearly twice what minimum wage workers make in that state.

'It's not just Taylor Swift': ECB's Lagarde says Eras Tour is not alone in keeping euro zone inflation high

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European Central Bank President Christine Lagarde said that Taylor Swift's Eras Tour is not alone in keeping inflation high across the euro zone.

GM reports best U.S. quarterly sales since 2020

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Electric vehicle deliveries increased 40% compared to a year earlier to 21,930 units. Still, EVs made up only 3.2% of GM's total second-quarter sales.

Peloton staved off the cash crunch that threatened its business. Where does it go now?

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Peloton's looming debt pile raised concerns that the company could be pushed into bankruptcy. Now that Peloton has refinanced, it still has to fix its strategy.

Here's why investors are selling shares of weight loss drug leader Eli Lilly

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The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.

Former Trump lawyer Rudy Giuliani disbarred in New York after criminal indictments

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Rudy Giuliani is embroiled in legal battles over his alleged involvement in helping Donald Trump's failed effort to overturn the 2020 election.

18

Watch Fed Chair Powell, ECB's Lagarde speak live at central bank policy forum

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Federal Reserve Chair Jerome Powell joins a panel including his global counterparts Tuesday at a European Central Bank forum.

Markets will be 'upset' if new French government does not commit to fiscal rules, European Central Bank's vice-president says

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"What we have seen so far is that the evolution of [French] markets has been quite orderly," the vice president of the European Central Bank told CNBC.

Media mogul Barry Diller weighs a bid to gain control of Paramount

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Barry Diller's IAC is weighing an offer for Shari Redstone's National Amusements Inc., which would give the media mogul control of Paramount.

17

The salary Americans say they'd need to earn to feel rich at every age—it's less than $1 million

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On average, most Americans don't think they need to be a millionaire in order to feel rich, per Bankrate's survey. How much each generation says they need.

Trump Media announces $105 million raised from DJT warrants

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Shares of Trump Media had dropped sharply after whipsawing on the day after former President Donald Trump's first debate with President Joe Biden.

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.