With New York City facing a budget gap estimated at around $7 billion, new Mayor Zohran Mamdani would prefer to tax the rich. But lately, Mamdani and his administration have conceded that other ways to raise revenue for the city need to be considered, from higher property taxes on homeowners to a long-talked-about idea that would…
Luana Lopes Lara, co-founder of Kalshi, spends all day thinking about probabilities. Coming out of an elite math degree background and positions at some of the most successful hedge funds in the world, a mindset focused on thinking clearly about potential outcomes comes naturally to her. But the youngest self-made female billionaire ever still had…
The oil market sent a clear signal this week that a massive release of stockpiled crude by the U.S. and its allies is nowhere near enough to address the unprecedented supply disruption triggered by the Iran war. More than 30 nations in Europe, North America and Northeast Asia agreed to flood the market with 400…
Greg Abel, the new CEO of Berkshire Hathaway, announced on March 5 on CNBC’s “Squawk Box” that the company would start repurchasing shares of its own stock. For Berkshire, this is a relative rarity — the company hasn’t bought back shares since the second quarter of 2024. But for companies like Berkshire, a financially mature…
Paramount Skydance CEO David Ellison speaks during the Bloomberg Screentime conference in Los Angeles on October 9, 2025. Patrick T. Fallon | Afp | Getty Images Hollywood could soon have a new king of the box office. With Paramount Skydance set to take over Warner Bros. Discovery, the combined film studios could dominate the theatrical…
Economists often describe the U.S. economy in recent years as “K-shaped,” where higher-income households have seen stronger gains in wealth and spending while lower-income families face more financial pressure. While financial precarity is often associated with lower-income households, a February 2026 analysis by consulting firm Kearney suggests many higher earners remain vulnerable as well. Based…
Seen from the Washington Monument, flights line up to depart Ronald Reagan National Airport on March 8, 2026 in Alexandria, Virginia. Aaron Schwartz | Getty Images The U.S. Federal Aviation Administration said it stopped traffic at the three primary Washington-area airports on Friday after air traffic controllers at a Virginia facility had to halt work because…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. The S & P 500’s oversold bounce could not hold on Friday, and the early gains were erased. The reason was oil, which was lower for…
When it comes to finding ways to earn more money, one of the easiest places to start is with things you already own. Aside from selling possessions, you can actually get paid to let people borrow items that you don’t use much. You may not always make life-changing money renting out your belongings (unless you’re…
Following yet another week spoiled by surging oil prices, investors will be anxiously awaiting relief as the war against Iran by the U.S. and Israel faces a third week. The three major averages suffered a losing week, dropping at least 1% in the period as oil saw even more gains on Friday. Brent crude and…
