Business

A view of a CarMax dealership on April 10, 2025, in Santa Rosa, California. Justin Sullivan | Getty Images Shares of CarMax fell 9% Wednesday after the company beat Wall Street’s quarterly earnings expectations and its new CEO detailed a high-level turnaround strategy for the company. Here’s how the company performed in its first fiscal

CoinDesk’s president of indices and data has a message for investors: Don’t count out bitcoin. “When I got my first smartphone, which is a great example of a disruptive technology that has been incorporated into my life, I didn’t get the smartphone and say, ‘This thing is garbage because I can’t get a taxi in

The growing push to restrict Americans from using federal food aid to buy certain processed or sugary products is creating a new challenge for some of the biggest U.S. food and beverage companies. The U.S. Department of Agriculture as of May had approved food restriction waivers for Supplemental Nutrition Assistance Program benefits in 23 states,

US Federal Reserve chairman Kevin Warsh arrives for a press conference in Washington, DC, on June 17, 2026. Brendan Smialowski | Afp | Getty Images The Federal Reserve’s latest projections pointed to one rate increase in 2026, though the outlook was complicated by the absence of a forecast from Chairman Kevin Warsh. Nine of 18

Abercrombie & Fitch‘s Hollister is branching out of its apparel roots and partnering with Target to start selling home and dorm decor for the first time as both brands look to new categories to drive growth.  The collaboration, dubbed The Hollister Collection at Target, will launch online, in most Target stores and select Hollister locations

SpaceX Executives ring the Closing Bell at the Nasdaq on the debut of their IPO on June 12th, 2026. Adam Jeffery | CNBC SpaceX’s IPO didn’t just mint the biggest debut in market history — it also triggered a leveraged ETF historic land grab. Within days of SpaceX going public, competing fund firms launched 11

Spend a day at Shanghai Disneyland and you wouldn’t know Chinese consumers are struggling. Wang Jiandong and his girlfriend Yan Xu said they have been skipping meals out and scrimping on day-to-day necessities so they could afford to enjoy the park. “We save in our daily lives so we can spend more on trips,” Wang

Federal Reserve Chairman Kevin Warsh’s tough talk on inflation Wednesday reverberated through financial markets, with traders expecting that the central bank could start jacking up interest rates in just a few months. Tapped to serve by President Donald Trump, who has repeatedly demanded lower rates, Warsh during a news conference instead focused on the battle

NBA Deputy Commissioner Mark Tatum speaks during the second round of the 2019 NBA Draft at the Barclays Center on June 20, 2019, in the Brooklyn borough of New York City. Sarah Stier | Getty Images The NBA plans to begin naming winning bidders for 12 permanent European teams in the next 60 to 90

SpaceX celebrates their IPO at the Nasdaq on June 12th, 2026. Adam Jeffery | CNBC The average investor who bought SpaceX shares in the open market after its debut has seen nearly all of their gains disappear as a sharp pullback erased a large chunk of the stock’s post-IPO surge. Shares of SpaceX fell 3.6%

The iconic Golden Gate Bridge and the stunning San Francisco skyline as seen from the Marin Headlands during the vibrant spring season. Dan Kurtzman | Moment | Getty Images 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

DoubleLine Capital CEO Jeffrey Gundlach said new Federal Reserve Chairman Kevin Warsh struck a more hawkish tone than many investors expected, underscoring his commitment to restoring price stability and signaling less appetite for easy monetary policy. “He is absolutely telling you that he plans on delivering on price stability. So that means… we’re not going

A JetBlue Airlines plane lands near the Air Traffic Control tower at the Fort Lauderdale-Hollywood International Airport on Oct. 7, 2025 in Fort Lauderdale, Florida. Joe Raedle | Getty Images JetBlue Airways told CNBC on Wednesday that it will close its flight attendant base at Newark Liberty International Airport in New Jersey and tech operations

WASHINGTON – Kevin Warsh‘s first meeting as Federal Reserve chairman concluded Wednesday with no change in interest rates and a nod to possible hikes ahead. The meeting also saw the removal of key language indicating a bias toward future cuts within a dramatically shorter policy statement. The Federal Open Market Committee voted unanimously to keep

The WNBA is expanding its footprint to CNBC. CNBC parent Versant announced Wednesday that the business news network will simulcast 11 WNBA games this season. The matchups will also air on Versant’s USA Network. Last September, Versant and the WNBA announced an 11-year media rights agreement that includes both regular-season and postseason games. As part

Renovations continue at the Federal Reserve Board building in Washington, D.C., U.S., November 14, 2025. Elizabeth Frantz | Reuters Prediction market traders think consensus will return to the Federal Reserve’s policy-setting board when new chairman Kevin Warsh presides over its June interest rate decision later Wednesday. At April’s meeting, the last under former Fed chair

The Fox Corp. headquarters are seen on June 15, 2026, in New York City. Michael M. Santiago | Getty Images The media industry has long been preparing for consolidation and mega deals. And yet Fox Corp.’s acquisition of Roku seems to have taken the market by surprise.  On Monday, Fox said it would acquire Roku

Michael Burry attends “The Big Short” New York screening Ziegfeld Theater on Nov. 23, 2015, in New York City. Astrid Stawiarz | Getty Images Michael Burry of “The Big Short” fame said Tuesday he has no position in SpaceX, arguing that options used to wager against the stock remain too expensive even as he questioned

A Carvana sign and signature vending machine in Tempe, Arizona. Michael Wayland | CNBC After growing to become one of the largest used car retailers in the U.S., Carvana is expanding into the new vehicle market. The company has quietly purchased seven new vehicle franchises since last year that primarily sell Stellantis‘ Chrysler, Dodge, Jeep

Billboards in Times Square celebrate the SpaceX initial public offering debut at the Nasdaq on June 12, 2026. Adam Jeffery | CNBC Retail investors who clamored for shares in SpaceX‘s blockbuster initial public offering received only a fraction of what many had requested, and are already split on what to do with the stock. Across