business news
California’s controversial wealth tax proposal leaves billionaires with little way out
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. The proposed California billionaire tax includes a special provision that makes it highly unlikely that anyone who wants to leave the state could […]
Read More
Why Trump is going after institutional homebuyers: They dominate markets like Atlanta, Jacksonville
Key Points Institutional investors only own roughly 2% of the nation’s single-family rental housing stock, but their presence is far more concentrated in parts of the Southeast. Large investors control about a quarter of Atlanta’s single-family rental market, more than a fifth of Jacksonville’s and sizable shares in Charlotte and Tampa. Source
Read More
Used vehicle pricing expected to increase 2% in 2026, a historically stable rate
A Ford mustang is seen at a used car dealership in Montebello, California on May 5, 2025. Frederic J. Brown | AFP | Getty Images DETROIT – Prices of used vehicles are expected to rise this year but at a historically stable rate, according to auto data and insights firm Cox Automotive. Cox on Thursday […]
Read More
Treasury Secretary Bessent says more Fed rate cuts are ‘only ingredient missing’ for stronger economy
U.S. Treasury Secretary Scott Bessent speaks during a press conference to unveil the official Trump Accounts website, at the Treasury Department in Washington, D.C., U.S., December 17, 2025. Aaron Schwartz | Reuters Treasury Secretary Scott Bessent on Thursday pressed the administration’s desire for lower interest rates, saying they are the key to future economic growth. […]
Read More
CrowdStrike buys identity security startup SGNL for $740 million in latest deal push
Founder and CEO of CrowdStrike George Kurtz speaks during the Live Keynote Pregame during the Nvidia GTC (GPU Technology Conference) in Washington, DC, on Oct. 28, 2025. Jim Watson | AFP | Getty Images CrowdStrike announced Thursday that it is buying identity management startup SGNL in a deal valued at nearly $740 million as the […]
Read More
Google is unleashing Gemini AI features on Gmail. Users will have to opt out
NurPhoto | NurPhoto | Getty Images Google is adding more Gemini features to Gmail, providing upgrades like artificial intelligence-generated summaries of email threads, the company said Thursday. The company said its latest updates will be rolled out in phases, and some features will be turned on by default in inboxes, meaning users who don’t want […]
Read More
CNBC launches CNBC Cures to help 30 million Americans with rare diseases
Thirty million. It’s a big number. Maybe not in the context of business news, where we usually talk about company valuations that are in the billions, or even trillions. But when we’re talking about people, 30 million is a very big number. Thirty million is the number of people that the National Organization of Rare […]
Read More
Family office deals cooled off in December, but heirs placed bets in health and media
Leonardo Maria del Vecchio attends the amfAR Gala Venezia 2023 presented by Mastercard and Red Sea International Film Festival on September 03, 2023 in Venice, Italy. Kristy Sparow | Getty Images Entertainment | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the […]
Read More
Trump’s defense spending plans, Venezuelan oil, Ford’s eyes-off driving push and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. If you can’t already tell from reading this newsletter, I’m a big cliché user. So with the S&P 500‘s first losing day of the year, maybe traders can seek solace from the age-old saying: It’s a marathon, not a sprint. […]
Read More
Stocks making the biggest moves premarket: Lockheed Martin, Northrop Grumman, Gap, Alcoa & more
Check out the companies making the biggest moves in premarket trading: Defense stocks — Defense stocks jumped after President Donald Trump called for a defense budget of $1.5 trillion in 2027, saying in a Truth Social post he wanted to build a “Dream Military.” Lockheed Martin and L3Harris Technologies rallied 8%, while Northrop Grumman soared […]
Read More