Peter Thiel's VC fund backs TreeCard, a fintech that plants trees when you spend

China's Foreign Ministry said the craft was a lost civilian balloon, the same explanation it gave for a suspected spy balloon that drifted over the US.

As the new year got underway in China, hopes appeared to be running high that an easing of tensions with the United States could unfold in the months ahead.

Some New York City migrants are abandoning New York to escape to Canada where they believe they may have a better chance. The New York Post reports that migrants who are fed up with crimes, drugs, and living in New York shelters are abandoning the city and heading towards Canada.

Egg prices rose to record highs in December. A dozen large Grade A eggs had more than doubled in price during 2022, on average. A historic outbreak of bird flu in the U.S. disrupted egg production and supply, economists said. Wholesale egg prices have fallen by more than 50% since...

"There will be more volatility in India this year; hence the market is prone to a correction," Bernstein analyst Venugopal Garre wrote in a Monday note as Adani shares continued to tumble. The Reserve Bank of India said, "the banking sector remains resilient and stable," citing its own assessment of...

A copper deficit is set to inundate global markets throughout 2023, fueled by increasingly challenged South American supply streams and higher demand pressures. Copper is a leading pulse check for economic health, and the red metal's squeeze could be an indicator that global inflationary pressures could worsen, and subsequently compel central banks to maintain their hawkish stances for longer.

Billionaire investor Ron Baron said Elon Musk told him he'd make "two to three times" his money when he invested $100 million in Musk's take-private Twitter deal. Baron, a longtime Tesla investor, said Musk's explanation for the Twitter investment was focused on cost cuts and improving management. CEO Elon Musk...

Check fraud, one of the oldest crimes in finance, is being supercharged by popular messaging platforms like Telegram, according to a cybersecurity expert. Banks saw an 84% increase in check fraud in 2022, according to the Financial Crimes Enforcement Network, a unit of the U.S. Treasury Department. A bank experts...

CNBC’s Jim Cramer warned investors to brace for market turbulence ahead by consolidating their portfolios. "The charts, as interpreted by Carolyn Boroden, suggest that the incredible rally in the S&P 500 might be running out of steam," Cramer said. CNBC's Jim Cramer on Monday warned investors to brace for...

A vocal critic of China and leader of the most populous province in the Solomon Islands has been removed from office after a no-confidence vote by the provincial legislature on Tuesday, Australian state broadcaster ABC reported. Daniel Suidani, premier of the South Pacific nation's Malaita province, is a longtime critic...

Fewer Americans feel confident about their financial well-being and retirement plans amid persistent high inflation and market volatility. Even high net worth individuals say their savings won’t cut it anymore, according to a report from Natixis Investment Managers. These days, fewer Americans — including millionaires — feel confident about...

When Kevin Kim dropped out of college at 21 to become an entrepreneur, it seemed like a huge gamble. "My mum cried a little," Kim, now 33, said with a laugh. But his confidence was not unfounded. Kim had just sold his first company — which he started when he was just 18 — for "six figures."

Stocks advanced Tuesday following Federal Reserve Chair Jerome Powell's comments indicating inflation has started easing. The major indexes ricocheted during and shortly after his remarks in a midday conversation at The Economic Club of Washington, D.C. At one point, the Dow gained more than 275 points, while the S&P 500 and Nasdaq Composite each traded up more than 1%. Those gains came as investors cheered Powell's comments on disinflation, hoping they indicated the central bank could continue slowing on its interest rate hike campaign.

Microsoft's Satya Nadella told CNBC that AI-powered search is the biggest thing to happen to the company in the nine years he's been CEO. "I have not seen something like this since I would say 2007-2008 when the cloud was just first coming out," Nadella said. "I have not seen...

Here's the problem with the blockbuster January jobs report: if it's for real, corporate profits are in trouble. And if it's not, then the economy is slowing. Either outcome bodes poorly for the business cycle, which is why I can't get on board with those demanding more Fed rate hikes in response. But if we take it at face value that indeed the labor market is still this strong right now, it may well trigger its own demise, much like the old saw in commodities markets that "the cure for higher prices is higher prices."

India is the third largest oil consumer in the world, and according to Hardeep Singh Puri, accounts for 30% of global consumption. India has been buying Russian oil at a steep discount since global powers imposed sanctions on the Kremlin in a bid to cut down its ability to raise funds for its war against Ukraine.

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Charlie Shrem of The Bitcoin Foundation discusses the outlook for crypto amid bitcoin's recent rally.

If you’re trying to max out the yearly purchase limit for Series I bonds, you can buy an extra $5,000 paper I bonds with your tax refund. While I bonds are currently paying 6.89% annual interest through April, the rate may decline in May as inflation eases, making alternatives more attractive.

Last year was an extraordinary one for the bond market, and not in a good way. The Bloomberg U.S. Aggregate Bond Index — a proxy for the broad U.S. bond market — posted a 13% loss in 2022, which, by itself, wouldn't be all that remarkable. But many investors hold bonds as a portfolio diversifier, an asset that's supposed to provide some ballast when stocks go down.

Gold prices were up on Tuesday, tracking a slight pullback in the dollar and as investors digested comments from U.S. Federal Reserve Chair Jerome Powell on the outlook for rate-hike policy. U.S. gold futures settled up 0.03% at $1,885.4. Spot gold edged lower 0.06% to $1,872.65 per ounce on Tuesday.