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Tim Cook sees Apple's hybrid AI strategy as a 'competitive weapon'
Ahead of the launch of Siri AI, Apple's outgoing CEO Tim Cook said the company will charge for artificial intelligence through iCloud.
Microsoft's Xbox chief lays out plan to pass rivals on margin by 2030 in memo to employees
Microsoft's gaming unit wants to invest in its Minecraft franchise and expand through partnerships, including in China.
Small businesses squeezed by Trump's tariffs turn to risky cash advances
Trump’s tariffs are squeezing some small businesses, and a Fed survey shows more firms applying for merchant cash advances despite steep costs.
There's an under-the-radar utility stock on Josh Brown's list that's ready to break out
Josh Brown and Sean Russo take a look at this utility name on their list.
Robinhood CEO Vlad Tenev on Q2 results, crypto business and growth outlook
Robinhood CEO Vlad Tenev joins 'Squawk Box' to discuss the company's quarterly earnings results, company growth outlook, state of the company's crypto trading business, and more.
Rolls-Royce CFO: Orders for data center energy business up over 50%
Rolls-Royce Chief Financial Officer Helen McCabe discusses half-year earnings, small modular nuclear reactors, data centers, and investing in the U.K.
T. Rowe Price's Tony Wang: Meta's core business needs to be growing above expectations
Tony Wang, T. Rowe Price, joins 'Fast Money' to talk Microsoft and Meta earnings.
Meta’s Reality Labs lost over $4.6 billion in second quarter
Meta's Reality Labs unit, which develops virtual reality and wearable devices, continues losing money.
Business executives have confidence in the Warsh Federal Reserve: Business Roundtable CEO Bolten
Josh Bolten, Business Roundtable CEO, joins 'The Exchange' to discuss the Federal Reserve.
How a 40-year-old father launched a $1.6 billion-a-year meat snacks empire from a bankrupt Wisconsin business
Jack Link turned a bankruptcy into an opportunity to build a beef jerky empire. Four decades later, Link Snacks brings in more than $1 billion in annual sales.
How a family business went from bankrupt to $1.6 billion a year in sales
Jack Link turned a bankruptcy into an opportunity to build a beef jerky empire. Four decades later, Link Snacks brings in more than $1 billion in annual sales.
Business journalism studies took her to the White House | UNC Hussman School of Journalism and Media
The story by UNC Hussman alumni Brennan Doherty ’19 and video by John Roberts ’16 (M.A.) was originally published on unc.edu. This story is part of a four-part series on Carolina alumni working in Washington, D.C. Soon after her 2015 graduation from UNC-Chapel Hill, Megan Cassella was an intern for the Reuters news agency, eagerly awaiting and prepping for a special assignment. “Every now and then they needed an intern to run over to the White House last minute,” Cassella said. “You have to send your information the night before, so I started proactively sending my information to the White House every single night to be able to go the next day if they ever needed an intern.” Since then, she’s made many return trips to 1600 Pennsylvania Ave. in a career that’s included roles at Reuters, Politico, Barron’s and now CNBC, where she works as an on-air Washington correspondent. A longtime newswriter, Cassella made the move to TV in 2024, appearing on broadcasts multiple times daily to report on the biggest political and business stories. But the keys to doing a good job — knowing how to research, asking insightful questions, building relationships and explaining complex topics to a broad audience — remain the same. Did you know: Outside of the state of North Carolina, the Washington region is home to the largest concentration of Tar Heel alumni in the country. Cassella’s time as a Tar Heel was crucial in sharpening those skills, both in the UNC Hussman School of Journalism and Media and through roles at student-run publications like The Daily Tar Heel. She excelled in Carolina’s business journalism program with former professor Chris Roush, which led to an internship at The Charlotte Observer and helped Cassella find her journalistic niche. A data journalism course with Associate Professor Ryan Thornburg taught her how to find stories in numbers, and former professor Paul O’Connor’s reporting class took Cassella to the North Carolina Capitol weekly, where she gained invaluable experience interviewing politicians. “Those hands-on experiences that Carolina gave me really kept my interest and have really benefited me since I’ve been up here in D.C.,” said Cassella. “I have UNC to thank for the fact that I even went into business journalism in the first place.” Megan Cassella ’15 “You’ve got to thrive on adrenaline in this job. You’ve got to do well with last-minute changes, with running by the seat of your pants.” Megan Cassella ’15 ‘There’s nothing else like it’ In recent months, Cassella has reported live from the G7 Summit in Geneva, covered the latest developments in the U.S.-Iran war and followed changes to trade policy, including tariffs. “Anything in this realm that influences Wall Street, I’ll be covering,” Cassella said. Her working hours are long and variable. After waking up, Cassella immediately checks her phone to see what news broke overnight. By 8:15 a.m., she usually learns which newscasts she’ll be on, and then she heads to the newsroom, White House or wherever her assignment is. “We want you in the 9 a.m. show and the 11, and then the 3 o’clock show wants you, too,” Cassella said, referring to a hypothetical day. If Cassella gets an exclusive or major news breaks, she might be told, “We want that on TV right now.” Within five minutes, she’d be expected to get to the camera, figure out what to say and deliver the news to a live audience. “It’s exciting. It’s nerve-wracking,” Cassella said. “But there’s nothing else like it.” A well-rounded education Cassella grew up in Maryland, the youngest of four kids. Her oldest brother, Brian Cassella ’05, attended Carolina, became a photojournalist and recently won a Pulitzer Prize. She remembers visiting campus as a young child and loving it. “I just always wanted to go,” she said, and that desire grew when she, like her brother, gravitated toward journalism. But it wasn’t just the journalism school that drew Cassella to Carolina. “It was also the whole liberal arts curriculum,” she said. “Even though I always wanted to be a journalist, I got to college, and I sort of felt I had to think about other things. I had to explore my options and see if that’s what I really wanted.” Did you know: In April UNC-Chapel Hill opened its Carolina in the Capital office in Washington. She combined her journalism schooling with a global studies major and a history minor. That broad range of academic experiences in Chapel Hill molded her, preparing Cassella for a career that’s taken her to the highest levels of political journalism and inside the Oval Office. “When you sit back and remember you’re actually sitting inside the White House and asking questions of the president, it’s a cool feeling,” Cassella said. “No matter who is in office, no matter what administration or party, it’s a privilege to be there.” Megan Cassella on… Being a Tar Heel in Washington: I run into Tar Heels all the time. My husband’s a Tar Heel. We actually met here in Washington, not at Carolina, even though we were the same class. Probably most of our friends are still Tar Heels. Even up here in D.C., we all get together for games and March Madness. And through work, there’s Tar Heels all over the place. It’s often used as a connection. Favorite Franklin Street spot: When we go back, our first stop is always IP3. That’s more my husband’s doing than mine. In college, I was a huge Spanky’s fan. Felt like it was a classic spot. May it rest in peace. Advice to journalism students: Reps, reps, reps! Nothing beats the experience you’ll gain by simply starting to do the work — asking the questions, reporting and writing the stories, doing the TV hits. When you can, go places in person. Talk to more people than you think you’ll need. Read as much as you can, from different sources and on different topics. If you’re not sure how to start your story, that usually means you need more reporting. When you’re not sure, ask.
YES Network, MSG Networks to exit Gotham app for DAZN streaming service
The regional sports networks that air games for local New York and New Jersey teams, including MLB's Yankees and NHL's Rangers, will have a new streaming home.
Nike was once China's sneaker king. Here's why its sales have fallen 30%
China was once Nike's fastest-growing region but the company has lost relevance among young consumers and ceded market share to smaller, domestic brands.
Why America's super rich have embraced the appeal of British soccer teams
American investors now control more than half the Premier League. CNBC examines why U.K. soccer clubs have become attractive long-term assets.
44 states are aligned on one thing in their fight against prediction markets. It's about sports wagering
The letter is part of the commission’s public comment period for the first draft of its proposed rule on regulating prediction markets.
Live entertainment and sports are beneficiaries of AI, says Gabelli Funds' Chris Marangi
Chris Marangi, president and co-CIO of Value at Gabelli Funds, joins 'The Exchange' to discuss the latest market trends, why he sees live entertainment and sports as beneficiaries of AI, and more.
Live entertainment and sports are beneficiaries of AI, says Gabelli Funds' Chris Marangi
Chris Marangi, president and co-CIO of Value at Gabelli Funds, joins 'The Exchange' to discuss the latest market trends, why he sees live entertainment and sports as beneficiaries of AI, and more.
Under pressure over China backers, Mercedes CEO pledges to defend U.S. business
The U.S. Senate Commerce Committee approved legislation last week to toughen a ban on Chinese automakers entering the U.S. market.
Shein says it's under investigation by the Federal Trade Commission as it prepares for Hong Kong IPO
Shein disclosed the FTC is investigating its U.S. business, but the nature of the probe is unclear.
Apple plans to lease iPhones for $17.99 a month through partnership with Klarna
Apple is announcing an iPhone lease option weeks after raising iPad and Mac prices due to the global memory shortage.
Analysis: Kevin Warsh's Fed press conference will be revealing even without a rate hike
Warsh will reveal how he weighs energy shocks, AI-driven price pressure, the Fed's task forces and pressure from Trump.
Microsoft touts cost-saving AI model for cybersecurity
Microsoft says that when integrated with OpenAI's GPT-5.4, its new cybersecurity model can beat Anthropic's new Mythos 5.
FedEx is chasing the GLP-1 boom. Why healthcare logistics means big business
The push marks FedEx's latest move to bolster business-to-business healthcare shipping, one of the four B2B verticals the company has prioritized.
Jim Cramer Discussed A Surprise For International Business Machines Corporation (NYSE:IBM) CEO
International Business Machines Corporation (NYSE:IBM) is another stock that Jim Cramer has continued to stick by, even though the shares have struggled. For more than a year, the CNBC TV host has repeatedly praised the firm for its software business and its quantum computing business. International Business Machines Corporation (NYSE:IBM)’s shares are down by 26% […]
Anthropic's new AI model rivals Fable 5 and is cheaper as businesses fret about costs
Anthropic said Claude Opus 5 is its best performing and its most cost-effective offering.
Is SC a good state to own a business in 2026? See where it ranks in latest CNBC study
How does SC treat business owners compared to other states? See where the Palmetto State ranked in CNBC’s latest study.
Amazon and Microsoft pivot cloud gaming strategies to target different players
Amazon is bringing Luna to the Prime Video streaming service, while Microsoft will test an ad-supported streaming of titles that people own.
Tech reporter Joanna Stern asked AI to do 'almost everything' for a year—the No. 1 tool she'll keep using
"I Am Not a Robot" author Joanna Stern integrated dozens of AI applications into her life over the course of a year. She says this one has stuck with her.
Comcast earnings highlight NBCUniversal strength ahead of planned split
Comcast said earlier this year it would split the cable businesses from the media business, creating two separate publicly traded companies.
Google slapped with $1 billion fine under landmark EU digital law
European regulators fined Google 890 million euros ($1 billion) alleging the company gives preferential treatment to its own services.
If Tesla can't solve full self-driving, 'they don't really have a business': Ross Gerber
Ross Gerber, President and CEO of Gerber Kawasaki discusses the key challenge for Tesla's future business.
GM doesn't get enough credit for strength in its pickup business, says Jim Cramer
'Mad Money' host Jim Cramer takes a closer look at GM stock after the company reported earnings.
WNBA All-Star Renee Montgomery talks the future of women's sports
Renee Montgomery, former WNBA player, joins 'Fast Money' to talk the future of women's sports as investments and audiences grow.
Samsung details features of its smart glasses as it enters market dominated by Meta
The Samsung smart glasses are the tech giant's first foray into the product category which is currently dominated by Meta.
Fidelity says 2026 retirees may spend $185,500 on healthcare. One category may push those costs higher
A 65-year-old who retires in 2026 may spend an average of $185,500 on health and medical expenses in retirement, according to Fidelity Investments.
Peacock is getting a lift from World Cup, Spanish-language content
Peacock attracted new subscribers with the Spanish-language telecast of the World Cup, and executives say advertisers are taking notice.
Sony’s 'ironic' PlayStation disc decision upends gamer conventions and threatens a $7 billion resale market
In 2013, Sony tweaked Xbox by showing how easy it was to share a PlayStation disc. Now, gamers say Sony has become exactly what it mocked.
Cardinal Health's latest deals won't move the needle overnight. They still matter.
Cardinal Health announced two tuck-in acquisitions Monday that further expand one of the fastest-growing parts of its business.
Wrigley Rooftop-View Case Raises Proximity Issue Across Sports
The Chicago Cubs playing games in an “open-air stadium” doesn’t “transform the view” from a neighboring rooftop into Cubs property, Wrigley View Rooftop and owner Aidan Dunican argue in a recent court filing. And if it did, other teams, leagues and sports organizers could allegedly demand payment from neighbors who currently watch for free. Wrigley …
Dimitri de Vreeze helped build DSM’s materials business. Then he had to sell it
After more than three decades at science-based firm DSM, Dimitri de Vreeze faced what he calls the hardest decision of his career: selling the materials business where he had grown up professionally. In this episode of "Executive Decisions," the DSM-Firmenich CEO reflects on why the decision made strategic sense, even as it felt deeply personal, and how it shaped his view that success is not a finish line.
Bernstein's Ian Moore on why prediction markets are outpacing sports books
Ian Moore, Bernstein, joins 'Closing Bell Overtime' to talk prediction markets outpacing sportsbooks during the World Cup and what's ahead for predictions markets and sports betting.
Politics around Iran war are quite negative prior to midterms, says PIMCO's Libby Cantrill
Libby Cantrill, PIMCO head of public policy, joins 'The Exchange' to discuss the impact of the Iran war on midterms, the United States' weapons capabilities and much more.
This Analyst Bets On Tesla’s Robotaxi And Cybercab Businesses Ahead Of Q2 Results – Retail Sees Stock Climbing To $450
Cantor Fitzgerald said Tesla’s Robotaxi business and upcoming Cybercab platform represent a high-margin software-as-a-service opportunity, according to a report by CNBC.
AMC Entertainment CEO Adam Aron on record Q2 results: People love to go to movie theaters
AMC Entertainment CEO Adam Aron joins 'Squawk Box' to discuss the company's quarterly earnings results, state of the movie industry, weekend box office, impact of AI, and more.
Watch CNBC's full interview with AMC Entertainment CEO Adam Aron
AMC Entertainment CEO Adam Aron joins 'Squawk Box' to discuss the company's quarterly earnings results, state of the movie industry, weekend box office, impact of AI, and more.
Delivering Access
There was once a time when you healthcare without mentioning Honeybee Health Inc. In 2019, CNBC listed it as one of the 100 most promising startups. In
TSMC's U.S. investment is about politics, not business: Analyst
Kirk Yang, founder and chairman of Kirkland Capital, discusses TSMC's $265 billion investment into the United States.
TSMC's U.S. investment is about politics, not business: Analyst
Kirk Yang, founder and chairman of Kirkland Capital, discusses TSMC's $265 billion investment into the United States.
The market for psychedelic drugs to treat mental health conditions gets a big buy signal
Eli Lilly's acquisition of psychedelic drug maker AtaiBeckley extends Big Pharma's embrace of a stigmatized class of medications for treating mental health.
AI may make you 'boring' at work, Columbia Business School professor says: How it can hurt your career
Using AI at work in the wrong ways could lead to "gradually falling behind and becoming complacent," said Sandra Matz, a professor at Columbia Business School.
Housing costs is the top political issue for young voters, CNBC survey finds
The cost of housing is the top priority for voters ages 18 to 34, besting food and healthcare cost concerns, the CNBC All-America Economic Survey found.
Fanatics CEO Michael Rubin on two sports businesses his multi-billion-dollar conglomerate won't enter
Fanatics has become one of the most influential companies in sports, building out a massive merchandise, collectibles and sports gambling platform.
Fanatics CEO Michael Rubin on two sports businesses his multi-billion-dollar conglomerate won't enter
Fanatics has become one of the most influential companies in sports, building out a massive merchandise, collectibles and sports gambling platform.
27-year-old locksmith spent $7,000 on tools, works around the clock in NYC: 'I'd never held a screwdriver in my life' before starting
Yona Sahar, founder of Locksmith Girl of NYC, spent two years learning the trade. Now, she runs her own business while working around the clock.
Fanatics’ Michael Rubin on taking the sports platform to the next level
Michael Rubin has built one of the most influential platforms in sports, evolving Fanatics from a merchandise leader to a multi-pronged, billion-dollar platform. Rubin spoke with CNBC’s Andrew Ross Sorkin at the CNBC Sport x Boardroom Game Plan Summit about the opportunities he sees for Fanatics.
Letters – Texas business ranking, Dallas City Council, Lindsey Graham
Readers discuss CNBC’s ranking of Texas, don’t like the Dallas furloughs, remember Sen. Lindsey Graham and question what ICE is doing.
Best business insurance for online startups and e-commerce stores
Get the business insurance your e-commerce store needs, including cyber liability and general liability coverage.
CNBC rated Ohio 'Top State for Business.' Here's what that means — and what it doesn't.
Ohio Republicans are touting a CNBC business rating, but one of its authors says it doesn't mean that life is great for average Ohioans.
Connecticut notches its best ever finish in CNBC state business rankings
Connecticut climbed to 23rd in CNBC's Top States for Business rankings. We asked the man behind the study what the state is doing right—and where it's falling behind.
USA Sports and Bundesliga announce exclusive multi-year U.S. media rights agreement
Matt Hong, President of USA Sports, joins CNBC’s “Halftime Report” to discuss the newly inked media rights deal.
Florida falls slightly in CNBC business rankings
Florida is No. 8 among U.S. states.
Strait of Hormuz remains 'de facto closed', no matter what the US says: Expert
Lars Jensen, CEO of Vespucci Maritime, says the economics and legalities of President Trump's proposed toll on the Strait of Hormuz made his U-turn on this inevitable. He also explains why he believes the Strait remains de fact closed despite U.S. assertions on the contrary, noting that freight rates and insurance premiums have surged on Trump's latest comments.
Apple looks to shrink AI models for iPhones
Apple is reportedly in very early discussions with PrismML, a Silicon Valley startup spun out of the California Institute of Technology and backed by Khosla Ventures, about technology that could dramatically reduce the size of powerful AI models so they can run directly on iPhones, CNBC reports. PrismML recently announced that it compressed Alibaba’s open-source […]
Apple in talks with startup that shrinks AI models to run on an iPhone
PrismML says its compressed version of Alibaba’s Qwen model uses up to 15 times less memory, potentially advancing Apple’s AI push.
Here's where Wisconsin ranks among best states for business
USA TODAY NETWORK Wisconsin is the 22nd best state for business, according to a new analysis by CNBC. The America’s Top States for Business
IBM plunges on preliminary Q2 miss, cites weakness in software, infrastructure businesses
CNBC’s Carl Quintanilla, Jim Cramer and David Faber discuss the news of the day.
SC isn't the best, or the worst, state for business in the US
South Carolina isn't the best, but not the worst, for business, according to CNBC's 2026 rankings.
Indiana is a top business state but fails residents, reports say
CNBC named Indiana a top state for business, but the state earned an F grade for quality of life and childcare.
Business declares war on Pentagon stock buyback, dividend restrictions moving in Senate
The provision was pushed by Sen. Elizabeth Warren, D-Mass., and was included in the National Defense Authorization Act on a bipartisan basis.
Debt is central to Bending Spoons' business model, says Jim Cramer
'Mad Money' host Jim Cramer takes a look at recent IPO Bending Spoons and how to play the Italian technology company.
Colorado drops significantly in national business rankings
Colorado, which sate as a top 10 state in CNBC's Top States for Business rankings from 2007-22, now places 25th.
The Quintessential Trump-era Politician
In 2020, I wrote an article about collaboration and collaborators. The title was History Will Judge the Complicit, and it started with the story of two famous East Germans, Markus Wolf and Wolfgang Leonhard, who both landed in East Berlin just after the end of the war. Although they came from very similar backgrounds, the former stuck with the regime, eventually becoming its spy boss; the latter, horrified by the brutal reality of Soviet-style communism, escaped. By way of juxtaposition, I also wrote about Lyndsey Graham and Mitt Romney. These two men also made very different decisions when confronted by Donald Trump’s assault on the ideals that they had both grown up believing: A glance at their biographies would not have led many to predict what happened next. On paper, Graham would have seemed, in 2016, like the man with deeper ties to the military, to the rule of law, and to an old-fashioned idea of American patriotism and American responsibility in the world. Romney, by contrast, with his shifts between the center and the right, with his multiple careers in business and politics, would have seemed less deeply attached to those same old-fashioned patriotic ideals. Most of us register soldiers as loyal patriots, and management consultants as self-interested. We assume people from small towns in South Carolina are more likely to resist political pressure than people who have lived in many places. Intuitively, we think that loyalty to a particular place implies loyalty to a set of values. But in this case the clichés were wrong. It was Graham who made excuses for Trump’s abuse of power. It was Graham—a JAG Corps lawyer—who downplayed the evidence that the president had attempted to manipulate foreign courts and blackmail a foreign leader into launching a phony investigation into a political rival. It was Graham who abandoned his own stated support for bipartisanship and instead pushed for a hyperpartisan Senate Judiciary Committee investigation into former Vice President Joe Biden’s son. It was Graham who played golf with Trump, who made excuses for him on television, who supported the president even as he slowly destroyed the American alliances—with Europeans, with the Kurds—that Graham had defended all his life. By contrast, it was Romney who, in February, became the only Republican senator to break ranks with his colleagues, voting to impeach the president. “Corrupting an election to keep oneself in office,” he said, is “perhaps the most abusive and destructive violation of one’s oath of office that I can imagine.” In the wake of Graham’s unexpected death on Saturday, I wrote about him again. He was, in many ways, the quintessential politician of Trump’s Washington, a man who shifted 180 degrees. Graham had been a fervent American patriot, proud reserve officer and military lawyer; he became one of the most important defenders of a president who believes soldiers are “suckers and losers” and shows no respect for law of any kind. As his politics changed, his language grew coarser and his behavior grew worse: He urged Israel to “level the place” in Gaza, and insulted the Danish prime minister in Munich, prompting a colleague, Senator Elissa Slotkin, to issue an apology. Here’s an excerpt from the article, which you can read in The Atlantic (gift link here) Like his close friend John McCain, Graham believed that America should stand at the center of a broad democratic alliance. The few times I met him were in that context, at the Munich Security Conference or at other European-American gatherings, which he once attended with great regularity. He also took seriously the practice of American democracy at home. In a 2014 conversation with The Atlantic, he described himself as a pragmatic politician who eschewed populist slogans. “I know Washington is broken, but what’s broken about it is everybody yelling and nobody trying to fix it,” he said. “I’m trying.” When Donald Trump first appeared in U.S. politics, Graham recognized him immediately for what he was: the spokesman for an alien ideology, one radically different from the idealistic patriotism that Graham had practiced and preached since childhood. Trump privately mocked the military that Graham loved as nothing but “suckers and losers.” He put falsehoods, cynicism, and personal greed at the center of his politics, while expressing disdain for transparency, accountability, and democracy itself. In 2015, Graham described Trump as a “race-baiting, xenophobic, religious bigot” who should “go to hell.” Also as a “nutjob.” When Trump won, Graham understood, as did so many others, that he would have to make some important choices. For a while, he went silent. In the spring of 2016, I saw him at one of those conferences in Europe. He seemed too depressed to speak. But then, like many other Republicans—and, more important, like many other people who have lived under political occupation or experienced radical regime change—he made the decision to abandon his previous ideals, to bury the patriotism that was once so important to him, and to become, instead, a loud, opportunistic collaborator. As I wrote in 2020, it’s very hard to look in to anyone’s heart and to understand their motivations from the outside. But it does seem that Graham had a deep need to be relevant, to be in the game, to be a player, at any cost. And that, rather than any particular achievement, is what he will be remembered for. Continuing to monitor conflicts of interest, ostentatious emoluments, outright corruption and policy changes that will facilitate outright corruption. (Read my original article, Kleptocracy Inc and check out the SNF Agora Institute chart) June 27 Trump diverted funds from more than 900 projects nationwide—including safety upgrades at national parks—to finance beautification projects around Washington, including $700,000 used to fix a White House walkway. June 28 After a years-long Department of Justice investigation into Abbott Laboratories over its management of a baby formula facility where potentially deadly bacteria turned up enough evidence to criminally charge the firm, top department officials instead opted for a financial penalty—illustrating the department’s move away from strict corporate enforcement under the Trump administration. June 29 Defense Secretary Pete Hegseth stacked the Defense Policy Board—which is charged with providing independent national security recommendations to the Office of the Secretary of Defense—with Trump allies, including tech billionaire Marc Andreessen, who has invested in defense contractors like OpenAI and SpaceX, after purging the panel last year. Trump purchased between $1 million and $5 million worth of stock in Axon—which makes about 90% of US tasers—two weeks before ICE solicited bids for a $220 million taser contract. The White House unveiled limited-edition US passports for America’s 250th birthday, featuring a portrait of Trump overlaid on the Declaration of Independence. June 30 Trump made around $1.2 billion from his various crypto companies last year, including more than $500 million from World Liberty Financial and $600 million from sales of his meme coin. Trump is considering issuing 250 pardons to commemorate America’s 250th birthday. These are expected to be largely doled out through the Office of the Pardon Attorney’s informal network of intermediaries. White-collar defense attorneys say they can typically win pardons for clients for $2 million. Last year, Trump administration officials awarded a no-bid contract worth up to $500 million to Clark Construction for the White House ballroom—negotiations in which the president was directly involved. July 1 The Amazon MGM Studios documentary about Melania Trump earned the First Lady more than $10 million. Trump made hundreds of individual stock purchases worth as much as $12.8 million the day before his announcement pausing “Liberation Day” tariffs for 90 days sent the S&P 500 soaring nearly 10%—one of the largest single-day gains ever. Mar-a-Lago and Trump National Doral saw record surges in revenue during Trump’s first year in office, earning $77.5 million and $121.9 million respectively, compared to average annual revenues of $25 million and $75 million during Trump’s first term. Entities across the Persian Gulf paid more than $300 million to Trump’s businesses last year, including $263 million from the sale of half his stake in World Liberty Financial to a firm backed by Sheikh Tahnoon bin Zayed Al Nahyan, a top UAE royal and brother of the country’s president. Kash Patel failed to properly disclose his stock purchase of a Department of Justice contractor, MicroStrategy, worth up to $250,000 last year, despite laws requiring disclosure within 45 days of the trade. July 2 Trump has been directing administration officials to steer more government contracts—so far worth more than $2.4 billion—to Jeff Bezos’s Blue Origin aerospace firm, after Amazon gave $1 million to Trump’s inaugural fund, donated to the White House ballroom project, and reached a $40 million deal to license a Melania Trump documentary. Alongside the billions he made from cryptocurrency last year, Trump earned millions of dollars from real estate licensing fees, including $21 million from organizations in the UAE and $9.2 million in Saudi Arabia, along with smaller sums from merchandise sales, including $4.7 million from Trump Watches and $35,920 from 45 Guitar, a guitar brand endorsed by the president. House Democrats accused consultants tied to the Trump administration of financial fraud, alleging they gave prospective donors to America250—the bipartisan committee created by Congress to celebrate the nation’s semiquincentennial—the banking and routing numbers for Freedom 250, the White House’s fund for events like the UFC cage fight. Democrats also allege that Freedom 250’s CEO traveled to the World Economic Forum in Davos to solicit donations from foreign government officials and business leaders. The Trump administration’s proposed rollback of gun regulations would lift the prohibition on mailing handguns to individuals, a significant win for GrabAGun—the direct-to-consumer firearm retailer on whose board Donald Trump Jr. sits and in which he holds a 1.1% ownership stake. GrabAGun currently must rely on a middleman to transfer firearms to customers. Trump’s financial disclosure revealed that he made more than 21,000 securities trades during his first year back in office, growing his investment account to at least $858 million across stakes in around 1,600 companies, compared to the 13 total trades Joe Biden made during his entire presidency. July 4 Nearly 1 million people who bought the president’s meme coin—Trump Coin—collectively lost $3.8 billion on the token, while he walked away with $636 million. July 6 Shares of Dell closed up 4.4% after Trump recommended people buy the firm’s computers during a speech announcing the launch of Trump investment accounts for children, boosting the more than $1 million worth of shares the president owns in the company. July 9 Federal Reserve Chair Kevin Warsh named crypto investor and Trump ally Marc Andreessen to a task force aimed at modernizing the Federal Reserve, including rethinking its approach to inflation—a key factor keeping interest rates elevated. Palm Beach International Airport has officially changed its name to Trump International Airport—a move that will require Florida to pay royalties to the president’s family for licensing his name. I was there a few months ago, during a trip to Barcelona. The sculptures were a revelation, I’d never seen so many together before. Each one has its own personality. Enjoy the good weather, if you are lucky enough to have it. History Will Judge the Complicit The Quintessential Politician Autocracy Inc Open Letters, from Anne Applebaum is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Subscribe
NJBIA Op-Ed: NJ’s Low CNBC State Business Rankings Are a Call to Action
NJBIA President and CEO Michele Siekerka, in an op-ed published Monday in BINJE, is urging state leaders to make predictability a top priority for
The 10 best state economies in America in 2026
Economy is one of the most important categories in CNBC’s annual America’s Top States for Business rankings. Several states stand out for economic strength.
McConnell provides health update after long unexplained absence; says he suffered fall
McConnell is the longest-serving party leader in Senate history.
Ohio ranked No. 1 state for business by CNBC in 2026
Ohio earned the top spot in CNBC's 2026 Top States for Business rankings, with the network citing the state's low business costs, strong infrastructure and workforce investments.
Editorial: Buckeye State rated best for business
Ohio’s designation by the cable TV business channel CNBC as “America’s Top State for Business” is a very significant achievement that will bring JobsOhio ...
From booksmaxxing to looksmaxxing: Why the viral trends concern some mental health experts
People are self-optimizing everything — protein, skincare, fitness — to such a degree that "maxxing" is one of social media's most popular suffixes.
Virginia Climbs to No. 3 in CNBC's 2026 Top States for Business — Here's What Moved the Needle
Gov. Spanberger credits strategic investments and affordability gains, while a methodology change rewarding infrastructure does some of the heavy lifting.
UAE defense firm EDGE Group wants to turn homegrown military tech into a global business
EDGE Group CEO Hamad Al Marar discusses the UAE’s push to build a globally competitive defense industry — and how technology, manufacturing and exports are shaping that ambition.
Virginia climbs to third spot in CNBC ‘Top States for Business’ rankings
Gov. Spanberger touts legislative agenda and workforce development measures, along with years-long infrastructure projects as contributing factors.
Imagine Entertainment's Brian Grazer: To fear AI would be a big waste of time
With media consolidation & AI taking center stage at Allen & Co’s annual conference in Sun Valley, Julia Boorstin sits down with legendary film producer Brian Grazer to discuss his outlook for the industry.
Ohio takes best spot for business as North Carolina slips from No. 1 ranking
After enjoying the coveted title of "Top State for Business" in 2025, North Carolina slipped to the No. 2 position in CNBC's 2026 "America's Top States for Business" ranking.
CNBC: NC in top 2 states for business for 6th straight year
The state ranked first in the economy, up from third last year; third in workforce, up from fourth; and eighth in technology and innovation, up from 13th.
How to set healthy summer screen time limits for kids: '3 hours of anything is probably too much,' says expert
Summer often means more free time — and more screen time — for kids. Two parenting experts share their best advice for setting healthy screen time limits.
Oregon falls to No. 42 in CNBC business ranking
The state moved farther from Gov. Tina Kotek's top-10 goal.
North Carolina among top 3 states for business in 2026, CNBC finds
North Carolina owed its placement in the CNBC list to high rankings for economy, workforce, business friendliness and more.
Virginia ranked No. 3 in CNBC’s ‘America’s Top States for Business 2026′ report
Virginia is climbing the ranks, rising to the No. 3 spot in CNBC’s “America’s Top States for Business 2026″ report, up from No. 4 in 2025.
WTA Ventures: Building women's tennis into global entertainment brand
Marina Storti, CEO of WTA Ventures, joins CNBC's Ritika Gupta to discuss how Wimbledon has showcased women's tennis as both a global sport and an entertainment property. She explains how the Women's Tennis Association is attracting high-profile brand partners, expanding commercial opportunities, and pushing for pay equity with the men's game.
America's employer-based health insurance system is crumbling: STAT News
Bob Herman, STAT News business of health care reporter, joins 'Squawk Box' to discuss the changing face of health insurance, why the employer-based health insurance system is crumbling, and more.
Virginia climbs to third spot in CNBC ‘Top States for Business’ rankings
States that achieve the top bracket are considered the best in the nation for attracting or retaining companies and supporting regional economies.
Virginia moves up to 3rd in CNBC’s ‘top state for business’ ranking. Here are 6 things to know.
Virginia’s score rose or stayed the same in seven of 10 categories. The biggest drop was in “economy,” which CNBC blamed on federal cutbacks.
Colorado tumbles to No. 25 in CNBC's business rankings
Colorado's biggest decline came in infrastructure as the state fell to No. 25.
Virginia ranks third in nationwide business study
Virginia is named one of “America’s Top States for Business” in a recent study by CNBC.
Gov. Whitmer announces Michigan ranked #6 in best states for doing business
LANSING – On Thursday, Governor Gretchen Whitmer celebrated Michigan’s No. 6 ranking from CNBC’s America’s Top States for Business, earning a Top 10 ranking for a fifth time under Governor Whitmer’s leadership and representing a massive leap from No. 24 at the start of her administration in 2019. “Michigan is a place where everyone can […]
NC ranks #2 for business nationally, but trails in cost of living and education
North Carolina ranked second in CNBC’s 2026 America’s Top States for Business study, released Thursday, slipping from first place after ranking at the top in 2025.
NC has top economy, but drops to No. 2 overall on influential list of best states for business
Finance network CNBC ranked the Tar Heel State the second-best state to do business in the latest edition of its annual rankings. It's the seventh year in a row the state has ranked among the top three.
NC falls in business ranking as growth hurts affordability
CNBC: NC still good for business but faces growth challenges.
The biggest drag on Virginia’s business ranking is Trump
CNBC's business rankings showed Virginia's economy was still ailing from DOGE cuts, though it got high ratings for infrastructure and education.