CNBC – Stock Market News

With CNBC in the U.S., CNBC in Asia Pacific, CNBC in Europe, Middle East and Africa, and CNBC World, CNBC is the recognized world leader in business news and provides real-time financial market coverage and business information to 410 million homes worldwide, including more than 90 million households in the United States and Canada. CNBC also provides daily business updates to 400 million households across China.
CNBC has a vast portfolio of digital products, offering CNBC content to a variety of platforms such as: CNBC.com; CNBC PRO, a premium service that provides in-depth access to Wall Street.

‘Here we go again’: Judge blocks Mississippi ‘heartbeat’ abortion law

Abortionrights activist gathered outside the U.S. Supreme Court to protest against the recent abortion laws passed across the country in recent weeks. Tuesday, May 21, 2019. Washington, D.C. Aurora Samerio | NurPhoto | Getty Images A federal judge in Mississippi on Friday temporarily blocked a state law that would have banned abortions once a fetal heartbeat is detected, which can be as early... »

China’s ‘nuclear option’ in Trump’s trade war, explained

China is currently the largest holder of U.S. government debt. It now owns $1.12 trillion in U.S. Treasury bonds. If China decided to sell off its U.S. government debt holdings as a form of retaliation in the ongoing trade war with the U.S. and President Donald Trump, it could upend global financial markets and drive U.S. interest rates higher.  That’s a measure some have started callin... »

Trump approves massive arms deals to Saudi Arabia and UAE amid Iran tensions

U.S. Army infantryman fires a Javelin shoulder-fired anti-tank missile during a combined arms live fire exercise as part of Exercise Eastern Action 2019 at Al-Ghalail Range in Qatar, Nov. 14, 2018. US Army photo WASHINGTON — The Trump administration on Friday invoked a rarely used provision in federal law to bypass congressional review of arms sales to Saudi Arabia, citing threats the kingdom face... »

Trump cites Iran to bypass Congress on Saudi arms sales

Mike Pompeo, Secretary of State. Anjali Sundaram | CNBC WASHINGTON — The Trump administration on Friday invoked a rarely used provision in federal law to bypass congressional review of arms sales to Saudi Arabia, citing threats the kingdom faces from Iran. Secretary of State Mike Pompeo notified Congress of the decision to use an emergency loophole in the Arms Export Control Act to move ahead with... »

Apple bought a start-up that was working on monitoring asthma in children

Michael Nagle | Bloomberg | Getty Images Apple has acquired Tueo Health, a small start-up that was developing a system to help parents monitor asthma symptoms in sleeping children, according to a person familiar with the deal. It’s unclear how much Apple paid for Tueo Health. The start-up raised a small seed round of $1.1 million in funding in 2017. Tueo’s CEO and co-founder Bronwyn Ha... »

Trade and the economy have become the new roller coaster for markets

Traders work on the floor at the New York Stock Exchange May 7, 2019. Brendan McDermid | Reuters Trade headlines could be a big factor for markets in the week ahead, but investors will also be attuned to fresh inflation data and moves in the bond market, which is flashing new worries about the economy. Stocks were on a roller coaster ride in the past week, as markets reacted to worsening trade ten... »

Big drug distributor pays $22 million to settle US opioid charges

Opioid prescription drugs Getty Images Morris & Dickson, one of the largest U.S. wholesale drug distributors, agreed to pay $22 million in civil penalties to settle U.S. government charges that it failed to report thousands of suspicious orders of the opioids hydrocodone and oxycodone. The U.S. Department of Justice said on Friday that the Shreveport, Louisiana-based company will also spend mi... »

Nancy Pelosi frustrates Democratic activists on impeachment – but strategists like what she’s doing

In the rising congressional impeachment debate, House Speaker Nancy Pelosi occupies the hottest seat. Some think she’s burning herself. Roughly three dozen House Democrats have called for impeachment hearings on President Donald Trump, a billionaire’s TV ads rip the House for “doing nothing,” and legal experts find clear justification in special counsel Robert Mueller’... »

French police hunt suitcase bomber after blast in Lyon injures 13

French emergency workers arrive at the scene of a suspected package bomb blast along a pedestrian street in the heart of Lyon, southeast France, the local prosecutors’ office said on May 24, 2019. Philippe Desmazes | AFP | Getty Images French police were hunting a suspected suitcase bomber on Friday after an explosion in the central city of Lyon that injured 13 people, officials said. The su... »

Elon Musk’s SpaceX raises over $1 billion this year as internet satellite production ramps up

Elon Musk Jim Watson | AFP | Getty Images SpaceX has raised just over $1 billion in financing since the beginning of the year, a filing seen by CNBC revealed on Friday, as the company seeks backing for its daunting plan to provide internet from a network of thousands of small satellites. The funds are key, as SpaceX just launched the first full mission of its Starlink satellites on Thursday evenin... »

M&A powerbroker Ken Moelis: It’s ‘almost impossible’ to get US public firms to do China deals

Investment banker Ken Moelis told CNBC on Friday that it’s “almost impossible” to get the boards of U.S. public companies to enter into China deals. The tense Washington-Beijing relations are impacting large-cap stocks, the deal-making powerbroker said on “Squawk on the Street. ” “What you’re seeing in this volatility is a macro risk: China trade war, regu... »

Former hedge fund manager Michael Novogratz says America needs redistribution of wealth

Michael Novogratz, CEO of Galaxy Investment Partners Adam Jeffery | CNBC Macro trader turned bitcoin bull Michael Novogratz is calling for fixes to capitalism — and a possible tax on Wall Street. The former Fortress hedge-fund manager pointed to a rising income gap and lack of investment in public education in the United States. One place to start could be a “controversial” Wall Street... »

Pentagon will send 1,500 troops to the Middle East to counter potential Iran threat

U.S. Soldiers talk after a routine inspection of a Patriot missile battery at a Turkish military base in Gaziantep, Turkey. Department of Defense photo WASHINGTON — The Pentagon will send additional American troops, drones and fighter jets to the Middle East amid increasing tensions between the United States and Iran. “The deployment will include approximately 1,500 U.S. military personnel a... »

FDA approves Novartis’ $2 million gene therapy for spinal muscular atrophy

Dr. Vasant Narasimhan, CEO of Novartis, speaking at the Healthy Returns conference in New York City on May 21, 2019. Astrid Stawiarz | CNBC The Food and Drug Administration on Friday approved Novartis‘ $2.13 million gene therapy for spinal muscular atrophy, sending the company’s shares traded in the U.S. 4% higher in midday trading. The therapy, Zolgensma, is a one-time treatment for s... »

FDA approves Novartis’ $2.1 million gene therapy — making it the world’s most expensive drug

Dr. Vasant Narasimhan, CEO of Novartis, speaking at the Healthy Returns conference in New York City on May 21, 2019. Astrid Stawiarz | CNBC The Food and Drug Administration on Friday approved Novartis‘ $2.1 million gene therapy for spinal muscular atrophy — making it the world’s most expensive drug. The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy, a muscle-w... »

United extends 737 Max cancellations through early August as Boeing plane remains grounded

An American Airlines Boeing 737 MAX 8 flight from Los Angeles lands at Reagan National Airport shortly after an announcement was made by the FAA that the planes were being grounded by the United States in Washington, March 13, 2019. Joshua Roberts | Reuters United Airlines will take its 14 Boeing 737 Max jets off its schedule for another month, through Aug. 3, cancelling another 1,290 flights... »

Stocks making the biggest moves midday: Foot Locker, Autodesk, Intuit & more

An employee arranges a sneaker display at a Foot Locker Inc. store inside the South Park Mall in Strongsville, Ohio. Luke Sharrett | Bloomberg | Getty Images Check out the companies making headlines midday Friday: Foot Locker — Shares of Foot Locker were down 17% in midday trading after the shoe retailer reported adjusted quarterly earnings per share that were 7 cents below expectations. Sales als... »

Buy these 2 stocks that pay you more than the 10-year yield, says expert

Dividend hunters: Ready your wallets. With the U.S. 10-year Treasury yield falling to its lowest level since October 2017 amid rising trade tensions, six S&P 500 sectors now offer comparable or higher yields than the federally issued bond’s 2.32% return. They are: the financials, with a 2.22% yield; the materials, with a 2.30% yield; the consumer staples, with a 2.91% yield; real estate ... »

‘Sonic the Hedgehog’ release date pushed to 2020 as Paramount scrambles to redesign Sonic

Paramount Pictures It seems Paramount Pictures needed more than five months to redesign the titular character of its “Sonic the Hedgehog” movie. On Friday, director Jeff Fowler tweeted that the film, based on the “Sonic the Hedgehog” video games, would not be released until February 14, 2020. The film was previously set to be released in November of this year. Just days aft... »

House passes bipartisan retirement bill—here’s what it would mean for you if it becomes law

On Thursday, the House of Representatives passed the Secure Act, a bill backed by both Republicans and Democrats that aims to improve the nation’s retirement system. If it passes the Senate, it will be sent to President Trump’s desk. “The Trump administration hasn’t taken a formal position on the bill, but lobbyists who support it say they expect the president to sign it in... »