Month: March 2026
Art and classic car auctions top $600 million despite Iran war
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Global collectors shrugged off the stock market declines and the war in Iran last week to spend more than $600 million […]
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Microsoft top Office executive Rajesh Jha retiring after more than 35 years
Rajesh Jha, executive vice president of experiences and devices at Microsoft Corp., speaks at the Microsoft Build event in Seattle, Washington, US, on Tuesday, May 21, 2024. The event allows attendees to grow their skills in topics such as building copilots, generative AI, securing applications, cloud platforms, and low-code. Chona Kasinger | Bloomberg | Getty […]
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Housing affordability bill clears Senate as investor ban creates headaches
The Senate on Thursday passed the largest housing affordability bill in 30 years, including a ban on investors from buying single-family homes, with a 89-10 vote. But the bill faces an upward battle in the House, which passed its own bipartisan legislation in February. House GOP leaders have already said the measure will need to […]
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Fed chair pick Kevin Warsh meets with more senators as Thom Tillis blockade continues
Federal Reserve chairman nominee Kevin Warsh’s chances of getting quickly confirmed by the Senate looked as gloomy as the weather in Washington on Thursday as he met with more senators in a bid to bolster his chances. “It doesn’t look like such a nice day today,” Warsh quipped to a CNBC reporter in the Hart […]
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These charts show the size of Europe’s defense boom, as companies take stock of the Iran war
Workers assemble a Leonardo AW139 helicopter on the production floor at the Leonardo plant in Varese, Italy, on Thursday, March 20, 2025. Bloomberg | Bloomberg | Getty Images Italian defense firm Leonardo said it is “positioned on a path of strong growth” on Thursday, as European defense companies stand to gain business from the war […]
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Trump-backed SAVE America Act will get a Senate vote next week, Thune says
Senate Majority Leader John Thune (R-SD) speaks at a press conference with other members of Senate Republican leadership, following weekly policy luncheons, in Washington D.C., United States on February 10, 2026. Nathan Posner | Anadolu | Getty Images Senate Majority Leader John Thune, R-S.D., on Thursday said he would bring the SAVE America Act to […]
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Social media giants urged to tighten child safety after UK rejects blanket ban for teens
Photo: Jaromir Chalabala / Getty U.K. regulators are calling on social media giants to enforce stricter protection for children on their platforms after a blanket ban for under-16s was rejected by lawmakers. Online safety organizations Ofcom and the Information Commissioner’s Office said they had written to YouTube, TikTok, Facebook, Instagram, and Snapchat on Thursday, urging […]
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Trump tariffs: Martin Heinrich bill would give families tax rebate for higher import costs
Sen. Martin Heinrich (D-NM) sits in a Monarch MK-V Electric Tractor during an event showcasing various electric trucks near Capitol Hill on June 7, 2023 in Washington, DC. Drew Angerer | Getty Images Sen. Martin Heinrich, D-N.M., introduced a bill Thursday to create a new tax rebate for individuals and families hit by the cost […]
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Rivian’s crucial R2 EV launch to begin with $58,000 model in spring
Rivian CEO RJ Scaringe reacts at an event to unveil a smaller R2 SUV in Laguna Beach, California, on March 7, 2024. Mike Blake | Reuters Rivian Automotive will launch sales of its crucial R2 all-electric vehicle this spring with a roughly $58,000 special edition model, the company announced Thursday. The first of the R2 […]
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‘Winners have become losers, losers have become winners’ — how the Iran war is driving a new market rotation
The Iran war is forcing a rapid rethink among U.S.-wary global investors, who are increasingly scaling back their ‘Sell America’ bets and instead seeking sanctuary in the world’s largest and most liquid market. Nick Nelson, head of global equity strategy at Absolute Strategy Research, said that in the run-up to the conflict, the U.S. had […]
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