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CNBC newsCommentsBehind Amazon’s quiet launch of its Temu challenger

Two weeks before Black Friday, Amazon quietly added a new section to the top of its mobile app. Called Haul, it’s a mobile-only area for ultra-low-price items, primarily shipped directly from China.  

Katie Tarasov and Devan Burris

CNBC newsPremiumStill plenty of sparkle in gold heading into 2025

The US Fed jolted markets with an unexpectedly hawkish set of projections for interest rates next year, setting gold prices up for a blow — but analysts say still see solid support in 2025.

Jenni Reid

CNBC newsCommentsUS Fed cuts rates but signals fewer reductions to come

The Federal Reserve has lowered its key interest rate by a quarter percentage point, the third-consecutive reduction and one that came with a cautionary tone about additional cuts in coming years. 

Jeff Cox

CNBC newsCommentsNissan surges 22pc after reports on potential Honda merger

Nissan Motor shares surged Wednesday following a media report that the Japanese automaker is looking to merge with Honda Motor.

April Roach

CNBC newsCommentsPremiumCocoa prices climb to new record high

The price of chocolate’s key ingredient has skyrocketed this year, prompting analysts to issue fresh warnings about extreme price volatility.

Sam Meredith

CNBC newsWhy fast-food companies are betting on chicken tenders

Fast-food companies like Yum! Brands’ KFC and McDonald’s are getting back into chicken tenders as a way to attract consumers with a low-risk, high-reward bet on a familiar favourite.  

Natalie Rice

CNBC newsCommentsJust how powerful is Google’s breakthrough quantum chip?

Google has unveiled a new chip called Willow that it says marks a major breakthrough in the field of quantum computing, an area seen as the next frontier for many tech companies.

Arjun Kharpal

CNBC newsVideoCommentsHe bought a KFC store for $100,000. Now he’s worth $3b

As a kid, Jack Cowin shovelled snow and sold Christmas cards for cash. By the time he reached his 20s, it was burgers. Today: The 82-year-old is a billionaire, thanks to his fast food empire.

Ernestine Siu

CNBC newsVideoPremiumWATCH: What to do now if you have Bitcoin in your portfolio

Bitcoin finally reached $US100,000 and investors holding the cryptocurrency in their portfolios have a few moves they’ll need to make before they celebrate.

Daniel Newell

FinanceCommentsPrice of Bitcoin soars past $US100k mark for first time

The price of bitcoin soared past the long-awaited $US100,000 benchmark for the first time ever late Wednesday evening.

Tanaya Macheel

CNBC newsCommentsChina balancing act — beat US on AI but keep Beijing’s rule

China is currently enacting a balancing act between pushing forward with artificial intelligence innovation while keeping control over the technology’s development.

Arjun Kharpal

CNBC newsCommentsCEO retires immediately after disastrous performance

Intel, one of the world’s leading chip-makers, has ousted it chief executive after disastrous performance over a tumultuous near four years.

Rohan Foswami and Hayden Field

CNBC newsPremiumCoinbase chief claims Donald Trump will bring in crypto laws

Coinbase’s top policy executive expects the United States to rapidly regulate the cryptocurrency industry once Donald Trump becomes president.

Ryan Browne

CNBC newsCommentsTrump’s tariff threats signal start of wild currency ride

Trump’s tariff announcements were far lower than some of his campaign pledges, but strategists remain wary about the potential for further announcements and the prospect for retaliatory measures.

Sam Meredith

CNBC newsCommentsPremiumWhat Trump’s Treasury pick could mean for global markets

Strategists regard hedge fund manager Scott Bessent, founder of Connecticut-based investment firm Key Square Group, as a ‘safe pair of hands’.

Sam Meredith

CNBC newsPremiumThe mullet market: Benchmarks in front, crypto party in back

This market is starting to summon the lighthearted take on a mullet haircut: business in the front, party in the back.  

Michael Santoli

CNBCPremiumElectricity warning for data centres powering AI

The power needs of artificial intelligence and cloud computing are growing so large that individual data centre campuses could soon use more electricity than some cities.

Spencer Kimball

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Donald TrumpComments
updated
Trump set to select hedge fund exec as Treasury secretary

President-elect Donald Trump has signalled his intention to nominate hedge fund executive Scott Bessent as his Treasury secretary.

Jeff Cox

CNBC newsTyson v Paul bout draws record numbers for Netflix

The highly anticipated boxing match between Jake Paul and Mike Tyson has already secured its place in the record books.

Jessica Golden

CNBC newsCommentsPremiumInsiders say ‘uncle’ Elon outstaying his welcome with Trump

Musk has been so aggressive in pushing his views about Trump’s second term that he’s stepping on the toes of Trump’s transition team and may be overstaying his welcome at Mar-a-Lago, sources say.

Dasha Burns and David Ingram

CNBC newsCommentsDurry hell!: Why ciggie sales in this country are on fire

China is bucking global smoking trends as cigarette sales surge in the country, powered by ‘the biggest tobacco company most people have never heard of’.

Dylan Butts

CNBC newsCommentsWhat Trump’s return REALLY means for the global economy

Donald Trump’s election victory marks a historic return to the White House – an extraordinary political comeback that is likely to have seismic ramifications for the global economy.

Sam Meredith

CNBC newsCommentsTrump can’t force me out, says Powell as Fed cuts rates

Federal Reserve chair Jerome Powell says he will not step down if president-elect Donald Trump asks for his resignation.

Spencer Kimball

CNBC newsCommentsSocial media giants take on avalanche of conspiracies

US lawmakers have pressured social media companies to stem the spread of disinformation since 2016.

Ashley Capoot