Author: Editor-In-Chief

BlackRock CEO Larry Fink speaks on the CNBC set on the floor of the New York Stock Exchange on April 11, 2025.Timothy A. Clary | AFP | Getty ImagesMore than 70 million Americans, including retirees, people with disabilities, and their families, rely on Social Security benefits for their monthly income.BlackRock CEO Larry Fink called it “one of the most effective anti-poverty programs in history,” in his annual chairman’s letter to investors released Monday. Citing census data, Fink wrote that Social Security lifts an estimated 29 million Americans out of poverty each year.Even with its “extraordinary accomplishments,” Fink said the 90-year-old…

Jannik Sinner made ATP Masters 1000 history by defeating Corentin Moutet in the third round of the Miami Open, breaking Novak Djokovic’s record.The Italian needed just 71 minutes to defeat Moutet 6-1, 6-4 inside Hard Rock Stadium, booking a fourth-round clash with American Alex Michelsen. Sinner’s third-round victory meant he achieved 26 consecutive set wins at Masters 1000 level, breaking the previous record of 24 sets held by Djokovic since 2016. image: Sinner aims to win third consecutive ATP 1000 title “I’m very happy,” Sinner said after the win. “This sport is unpredictable, so we’re trying to stay as careful…

HOUSTON — Asian countries want to buy more U.S. energy to reduce their dependence on oil and gas exports from the Middle East, Interior Secretary Doug Burgum told CNBC on Monday. Japan, South Korea, and Taiwan rely heavily on exports through the Strait of Hormuz. Oil tanker traffic through the strait has plummeted as Iran attacks commercial ships in the Persian Gulf. “They want to buy more energy from the United States,” Burgum said in an interview with CNBC’s Brian Sullivan. President Donald Trump’s energy dominance policy is aimed at providing stable alternative energy supplies to America’s allies, the Interior…

British fintech company Revolut on Tuesday reported record annual pre-tax profits as it ramped up plans to expand into the United States, after being granted a long-awaited full UK banking license earlier this month.Pre-tax profits rose 57% to £1.7bn ($2.3bn) in 2025, compared with £1.09bn in 2024. Group revenue rose 46% to $6 billion, partly due to the performance of business banking services, which accounted for 16% of total revenue, the company said.The startup, which reached a valuation of $75 billion in 2025, is one of Europe’s most valuable privately held technology companies. Founded in 2015, Revolut says it operates…

doha, qatar — With his latest ultimatum on Iran on the horizon, US President Donald Trump has pushed the restive Persian Gulf region to the brink of further uncertainty and danger. The Iran war is already in its fourth week, leaving thousands of people dead and injured, global energy prices soaring and vast swaths of the troubled Middle East experiencing horrific violence. But President Trump’s characteristically blunt ultimatum to “attack and destroy” Iranian power plants, announced over the weekend on his platform Truth Social, could open a Pandora’s box of negative consequences for the region unless the Islamic Republic loosens…

Lewis Hamilton is confident there will be “more to come” in the 2026 season after finally breaking the podium with Ferrari.In his 26th race weekend appearance for Formula 1’s most famous team in China two weeks ago, Hamilton had a strong race to finish third behind the Mercedes driver, becoming his first podium finish as a Ferrari driver and ending a career-worst 16-month podium drought. Third place in Shanghai follows a fourth place finish in the season opener in Melbourne, meaning Hamilton has made his best start to a season since he last challenged for a world title in 2021,…

Estée Lauder pop-up store inside Daimaru store on Nanjing Road in Shanghai, China, on August 6, 2021.Cost Photo | Future Publishing | Getty ImagesEstée Lauder Companies On Monday, it announced it was in talks with a Spanish beauty group. puig There is a possibility that the two companies will merge. Estée Lauder said in a statement that “no final decisions have been made and no agreement has been reached.”The US beauty company’s shares fell nearly 8% on the news, which was first reported by the Financial Times. Puig stock rose about 3%.Puig owns major beauty brands including Charlotte Tilbury, Jean…

PARIS, FRANCE – JUNE 11: The logo of Amazon Web Services (AWS), a division of Amazon.com’s US e-commerce group, is on display at the 9th VivaTech Show at the Parc des Expositions Portes de Versailles on June 11, 2025 in Paris, France. VivaTech is Europe’s largest technology show, but in a unique digital format, with four days of innovation to reconnect and reboot. The event brings together startups, CEOs, investors, technology leaders, and all the digital transformation players shaping the future of the internet. The annual technology conference, also known as VivaTech, was founded in 2016 by Publicis Groupe and…

U.S. immigration officials have begun deploying to major airports across the country to ease long security lines as many airport security personnel are off the job due to government funding impasses.The partial government shutdown affects the Department of Homeland Security (DHS), which oversees the Transportation Security Administration (TSA), and means many airport security workers are working without pay. Financial constraints have led to increased absenteeism, staffing shortages and delays at security checkpoints.Recommended stories 1 List of itemsend of list”This is insane. I mean, I’ve never experienced anything like this…I’ve never seen an airport like this,” passenger Andres Campos from Arlington,…

McMurtry Automotive wants you to know one thing before you shell out more than 1 million pounds (about $1.34 million) for a new car. That’s really terrible. Deliveries to customers will begin this year of the Spéirling PURE, an electric single-seater hypercar capable of generating so much downforce that it literally turns the world of motorsport upside down. Founded in 2016 by Irish billionaire and inventor Sir David McMurtry, the manufacturer has developed a patented fan system called Downforce on Demand. In this system, two high-speed fans create huge suction under the car, effectively “sucking” the car onto the road…