Author: Editor-In-Chief
A version of this article first appeared in the CNBC Sports Newsletter with Alex Sherman. This newsletter brings you the biggest news and exclusive interviews from the world of sports business and media. Sign up to receive future editions directly to your inbox.As prediction market trading volume soars, Trust analysts say there may be a surprising reason behind the surge. Analyst Barry Jonas wrote this week that 18- to 20-year-olds, who are too young to gamble legally in most states, could be a big contributor to prediction market growth.Specifically, data from HoldCrunch, founded by a former FanDuel executive, shows that…
U.S. President Donald Trump (right) and Taiwan Semiconductor Manufacturing Co., Ltd. CEO CC Wei (left) shake hands at the announcement of TSMC’s additional $100 billion investment in U.S. manufacturing at the White House on March 3, 2025 in Washington, DC.Bloomberg | Bloomberg | Getty ImagesBoosted by another blockbuster earnings report and a new trade deal between the US and Taiwan; Taiwan Semiconductor Manufacturing Co., Ltd. is poised to accelerate its multibillion-dollar expansion in Arizona. The world’s largest contract chipmaker has already invested $165 billion in the United States, in line with Washington’s efforts to reshape domestic chip manufacturing. But TSMC…
SEOUL, SOUTH KOREA – APRIL 21: Former South Korean President Yoon Seok-yeol faces a criminal trial for sedition at the Seoul Central District Court on April 21, 2025 in Seoul, South Korea. The second trial of former President Yoon Seok-yeol on charges of masterminding the rebellion was held at the Seoul Central District Court. (Photo provided by Jung Young Jae – Pool/Getty Images)Pool | Getty Images News | Getty ImagesA South Korean court on Friday sentenced former President Yun Seok-yeol to five years in prison on charges including obstructing arrest after failing to impose martial law.In a live broadcast of…
President Donald Trump has warned that he could invoke the Insurrection Act and send U.S. troops to Minnesota if state authorities don’t try to quell protests against federal immigration authorities, saying federal immigration authorities are “just trying to do their job.”His warning comes as widespread protests and political tension grip Minnesota’s largest city, Minneapolis, following two recent shootings by federal immigration agents. This includes the fatal shooting of Renee Nicole Good, 37, by Immigration and Customs Enforcement (ICE) agents.Recommended stories 1 List of itemsend of listHere’s what we know:What did Donald Trump say?On Thursday, President Trump threatened in a social…
Beijing — For China, the record annual trade surplus of $1.2 trillion that authorities reported Wednesday is strong evidence of its economy’s resilience in the face of U.S. trade tensions. But this historical figure also tells a different story. It’s one possibility that China’s massive export engine could reshape the global economy and help China gain more leverage in its competition with the United States. Whether that engine can keep running at its current speed, with a 20% surplus in 2025 compared to the previous year, is uncertain and will depend on the extent to which countries continue to erect…
Red Bull revealed the nostalgic blue livery for the 2026 F1 season at a launch event in Detroit as the team ushered in a new era. Red Bull and junior team Racing Bulls celebrated the new engine era Thursday night at partner Ford’s Detroit headquarters, becoming the first teams to unveil its 2026 look. For the first time since joining the F1 grid in 2005, Red Bull is working with US car giant Ford to manufacture its own engines in line with the introduction of new regulations for both power units and chassis. Max Verstappen was in attendance as he…
Taiwan Semiconductor Manufacturing Company’s strong financial results provided a major boost to the artificial intelligence industry. TSMC on Thursday posted a 35% year-over-year profit increase in its fourth quarter, easily beating Wall Street expectations and setting a new record. The high-performance computing segment, which includes artificial intelligence and 5G applications, accounted for the majority of sales in the quarter. TSMC is the world’s largest dedicated contract chip manufacturer. It manufactures advanced AI chips designed by “fabless” companies like NVIDIA. TSMC’s customers include Nvidia, Broadcom, Advanced Micro Devices, and more. TSMC’s spending is expected to further increase due to continued demand…
alphabet The stock price began 2025 as investors questioned whether Google could catch up with ChatGPT maker OpenAI in the AI race. By the end of the year, the stock had recorded its best performance since 2009. Google has regained its AI mojo. Much of it was leaked from DeepMind, a British company that Google acquired in 2014 for around £400m.In a wide-ranging interview on CNBC’s new podcast “The Tech Download,” DeepMind founder and CEO Demis Hassabis called DeepMind the “engine room” for Google’s AI efforts, adding that the changes were made to help the tech giant quickly deploy AI…
When Venezuelan opposition leader Maria Colina Machado entered the White House on Thursday, she came with the Nobel Peace Prize in hand, a gift that U.S. President Donald Trump has long coveted. Machado, a fierce critic of former Venezuelan strongman Nicolas Maduro, won the award last year for his campaign for greater democracy. Now she has left her medal at the White House, hoping that her act might lead her to do something even more valuable: the United States helping her fight to usher in Venezuela’s post-Maduro future. But if she thought the gift might prompt the president to express…
Obamacare sign at an insurance agency in Miami, November 12, 2025.Joe Radle | Getty ImagesThe White House on Thursday reiterated its support for sending direct benefits to households to cover health care costs, something President Donald Trump has championed for months. But health policy experts CNBC spoke to said they were skeptical of the proposal. “I think that’s a bad idea,” said Gerald Anderson, a professor of health policy and management at the Johns Hopkins Bloomberg School of Public Health.The policy was part of a broader health care plan announced by the White House to lower drug prices and insurance…