Iran War Spurs Debate Over Expanding U.S. Central Bank Swap Lines

From CNBC. In April, U.S. Treasury Secretary Scott Bessent noted requests for permanent swap lines from the United Arab Emirates and other economies weathering the Iran War. Swap lines, typically deployed in emergencies, enable currency exchanges between central banks to prevent global dollar shortages. Recent comments from Kevin Warsh, President Trump’s nominee to lead the…

Corning And Nvidia Strike Massive AI Fiber Deal

From CNBC. Nvidia and Corning just announced a massive, multiyear deal to expand U.S. manufacturing for new optical fiber technology, likely to flip the script for AI data center efficiency. As a part of the partnership, Corning will build three new factories in North Carolina and Texas entirely devoted to products for Nvidia, creating 3,000…

Spirit Airlines Collapsed — Here’s What Happens Next

From CNBC. Budget carrier Spirit Airlines shut down after years of struggles.The carrier’s collapse stranded tens of thousands of customers. It will now begin the monthslong process of dismantling the company. CNBC’s Leslie Josephs explains what happens next. Reporter: Leslie Josephs Edited by: Erin Black Senior Director of Video: Jeniece Pettitt » Subscribe to CNBC:…

Ford’s $5 Billion Bet On Winning The EV War

From CNBC. Despite a massive slowdown in EV adoption, Ford Motor is continuing to move forward with its next generation of EVs. Ford’s continued confidence, albeit at lower and slower rate than it previously projected, comes from its "Universal Electric Vehicle," or UEV platform, which the company has developed from a clean-sheet design. Ford’s goal…

Why Ford Is Making A $5 Billion Bet On EVs

From CNBC. Despite a massive slowdown in EV adoption, Ford Motor is continuing to move forward with its next generation of EVs. Ford’s continued confidence, albeit at lower and slower rate than it previously projected, comes from its "Universal Electric Vehicle," or UEV platform, which the company has developed from a clean-sheet design. Ford’s goal…

Which Chinese Carmaker Might Be First To Win In The U.S.

From CNBC. Many US political leaders on both sides of the aisle have been scrambling to keep Chinese cars out of the United States. But some Chinese companies have already found a foothold in the US. One automaker, Zhejiang Geely Holding, often called simply Geely, has investments in Volvo, Polestar and British sports car maker…

Why GLP-1s Are Helping The Hair Care Industry

From CNBC. Millions of Americans are taking GLP-1s and some of their side effects are creating new opportunities for the beauty industry. Hair loss is one of the most common reactions. Now, hair care companies like Nutrafol, Redken and KeraFactor are seeing a boost from shoppers on GLP-1s who are looking to support hair growth.…

Glyphosate: The Chemical Putting Pressure On RFK Jr.

From CNBC. The Supreme Court will hear arguments in a case centering around glyphosate, an herbicide widely used by American farmers. The primary domestic supplier of Roundup is Monsanto, a subsidiary of Germany’s Bayer AG. There is some evidence that the chemical may cause cancer. But regulators in the U.S. and abroad have not limited…

How Kalshi And Polymarket Are Trying Copy The Crypto Playbook

From CNBC. Kalshi is joining Polymarket in introducing trading for perpetual futures, known as “perps,” according to reporting by The Information. This type of derivative trading uses long-term contracts without a specific end date and have long been popular with crypto investors but could soon become more mainstream. CNBC’s Tanaya Macheel breaks down what the…

Why Investors Are Bullish On Neoclouds

From CNBC. Investors are bullish on the emerging crop of companies known as neoclouds, which focus on AI-dedicated computing infrastructure, even as industry insiders warn it will take longer for these ventures to become profitable than markets currently expect. CNBC’s Tobias Burns reports on the enthusiasm for neoclouds and the concerns surrounding them. Reporter: Tobias…

Why The Trump Administration May Bail Out Spirit Airlines

From CNBC. The Trump administration is in advanced talks to give Spirit Airlines a $500 million rescue package as the iconic discount carrier faces the threat of liquidation. The bailout could be a political risk for President Trump, who has overseen numerous government interventions in the private sector in his second term, including U.S. Steel,…

Why Dating Has Become A Financial Luxury

From CNBC. For Gen Z and millennials, dating is becoming more expensive and less frequent. Surveys show many young singles are cutting back on outings as costs for meals, drinks and app subscriptions climb. Dating apps’ freemium models add another layer of expense, while the abundance of options can overwhelm users. Experts say this dynamic…

Why Dating Is So Expensive In The U.S.

From CNBC. For Gen Z and millennials, dating is becoming more expensive and less frequent. Surveys show many young singles are cutting back on outings as costs for meals, drinks and app subscriptions climb. Dating apps’ freemium models add another layer of expense, while the abundance of options can overwhelm users. Experts say this dynamic…

Battle Of The Billionaires: Elon Musk And Sam Altman Go To Court

From CNBC. Elon Musk’s high-profile lawsuit against OpenAI, the company’s CEO Sam Altman and its President Greg Brockman kicks off with jury selection in federal court in California on April 27th. Musk, who co-founded OpenAI in 2015 alongside Altman and Brockman, alleges he was deceived into donating roughly $38 million to the startup under the…

How Kevin Warsh Wants To Change The Fed

From CNBC. Kevin Warsh is President Trump’s nominee to lead the Federal Reserve. The veteran economic policymaker and investor appeared before a key Senate committee in April. Between pointed questions and praise, Warsh outlined his vision for the future of the U.S. central bank. CNBC’s Matt Peterson reports. Reporter: Matt Peterson Produced and Edited by:…

Why BMW Is Still Investing In Big Sedans

From CNBC. BMW debuted its refreshed version of the 7 Series sedan, the brand’s full size flagship vehicle in April. It’s the most extensive update BMW has undertaken. The company’s North American boss said it won’t give up on sedans, even though many other luxury and premium automakers have. SUV’s now outsell sedans by a…

Why the American EV dream is unraveling

From CNBC. Automakers, battery makers and suppliers directed hundreds of billions of dollars into electric vehicle investments across the U.S. in recent years, and almost half of that had been planned for the South. But companies have now canceled EV plans and some have faced write-downs.

Who Is John Ternus, Apple’s New CEO?

From CNBC. John Ternus will become Apple’s eighth CEO in September, continuing a tradition of internal promotion at the iPhone maker. Industry experts have long speculated that the 50-year-old Ternus would become Cook’s eventual successor. Over the last 25 years at Apple, Ternus has become a key architect of the tech giant’s robust product pipeline,…

Strait Of Hormuz Crisis May Drive Up Christmas Shopping Costs

From CNBC. Whether U.S. and Iranian officials can negotiate the opening of the Strait of Hormuz this week is being closely watched not only by global investors but also by the Chinese town that brings you Christmas. Yiwu is known as China’s Christmas capital and is home to hundreds of factories producing artificial trees, tinsel,…

How Fed Chair Nominee Kevin Warsh Made His Fortune

From CNBC. Kevin Warsh, if confirmed, may be the wealthiest Federal Reserve Chairmen in U.S. history. His financial disclosures indicate holdings of over $135 million. The paperwork indicates stakes in emerging companies like Polymarket and SpaceX, governance roles at companies like Coupang and UPS, alongside vast investments in funds tied to Warsh’s time working with…

How Europe’s Jet Fuel Crisis Threatens Summer Travel Plans

From CNBC. The International Energy Agency on Thursday warned that the Middle East crisis is hurting Europe’s airline industry, which is on the brink of running out of jet fuel. As Europe heads into its peak travel season, a continued blockade of the Strait of Hormuz could lead to hundreds of flight cuts, disrupting travel…

How Nvidia Left Gamers Broken Hearted In The Era Of AI

From CNBC. For its first 30 years, Nvidia wasn’t a household name unless you were a gamer. Now, some of its original fan base feel left behind now that AI has made the chipmaker into the world’s most valuable company. Nvidia popularized the graphics processing units, or GPUs, that make the best video game play…

What The U.S. Blockade Of Iranian Ports Means for Iran

From CNBC. The U.S. blockade on Iranian ports is President Trump’s latest attempt to pressure Iran to reach a deal to end the war. Yet Iran is unlikely to be the only country feeling the economic pain. CNBC’s Garrett Downs breaks down what the move could mean for Asia, U.S. consumers and the future of…