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Fish farm nets on the East coast. Shaunl | E+ | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Equity Group Investments, backed by the family of

Warren Buffett and Greg Abel during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. CNBC Berkshire Hathaway added a sizeable stake in Delta Air Lines, marking the conglomerate’s return to the airline industry after exiting the sector entirely during the Covid-19 pandemic in 2020. The Omaha-based company built a position

HALIFAX, Nova Scotia — Michael MacGillivray sees the arrival of Chinese electric vehicles in Canada as a potential game changer. “I think it is going to a be a huge eye-opener,” said MacGillivray, who oversees 10 dealerships in Nova Scotia and New Brunswick, Canada. As the CEO of Century Auto Group and Sigma Auto Group, MacGillivray

BEIJING, CHINA – MAY 14: U.S. President Donald Trump and Chinese President Xi Jinping attend a welcome ceremony at the Great Hall of the People on May 14, 2026 in Beijing, China. Alex Wong | Getty Images News | Getty Images BEIJING — U.S. President Donald Trump‘s closely watched visit to China this week has

President Donald Trump told Fox News that China has agreed to buy 200 Boeing jets, according to a clip that aired Thursday, more than the 150 aircraft Boeing had expected. “One thing he agreed to today, he’s going to order 200 jets. That’s a big thing. Boeings,” Trump told Fox News, referring to Chinese President Xi

Stephen Miran, governor of the US Federal Reserve, during a television interview on the floor of the New York Stock Exchange (NYSE) in New York, US, on Monday, Nov. 10, 2025. Michael Nagle | Bloomberg | Getty Images Federal Reserve Governor Stephen Miran officially handed in his resignation letter Thursday, saying he will vacate his

Versant Media Group on Thursday unveiled results for its most recent quarter — its first as a stand-alone company after separating from Comcast’s NBCUniversal and beginning to trade on the Nasdaq earlier this year. The report highlighted growth across its digital and licensing businesses despite continued pressure in the traditional pay TV bundle. Linear distribution

U.S. President Donald Trump (R) is greeted by Chinese President Xi Jinping at the Great Hall of the People on May 14, 2026 in Beijing, China. The trip by Trump is focused on trade, regional security, and strengthening bilateral ties between the world’s two largest economies. China Pool | Getty Images News | Getty Images

A customer shops for beer in a supermarket in New York on Jan. 22, 2026. Charly Triballeau | AFP | Getty Images U.S. beer sales have dropped more sharply than expected, as new scanner data points to weakness in the category. The slowdown is also raising concerns on Wall Street that higher gasoline prices may

Jensen Huang, CEO of Nvidia speaks with CNBC on May 5, 2026. CNBC BEIJING — Nvidia CEO Jensen Huang has joined U.S. President Donald Trump‘s trip to China, after initial indications the executive had not been invited. After seeing the media coverage of Huang’s absence from the delegation, Trump called the Nvidia executive and asked

DETROIT — An ominous email about an oddly timed 15-minute virtual meeting. A scripted message from human resources. And an abrupt end to that meeting, as well as their job. That’s how General Motors employees who were laid off Monday by the Detroit automaker described their jobs being terminated to CNBC. “No appreciation or empathy.

A customer shops for produce at an H-E-B grocery store on May 11, 2026 in Austin, Texas. Brandon Bell | Getty Images Prices in April rose at their fastest pace since May 2023. Traders on prediction market platforms think the peak in inflation isn’t here yet. While the headline annual inflation rate rose 3.8% last

Central Park Tower, center, along Billionaire’s Row in New York, US, on Friday, May 1, 2026. Michael Nagle | Bloomberg | Getty Images High-end real estate sales in Manhattan increased in the past month, according to new data, despite New York Mayor Zohran Mamdani’s proposed pied-à-terre tax that brokers warn could cause a wealth flight.

Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. Aly Song | Reuters BEIJING — The U.S. and China are rallying their East Asia ties ahead of a highly anticipated presidential summit in Beijing later this week. Trade negotiators from

The JPMorgan Chase & Co. building before the ribbon cutting ceremony, at the firm’s new headquarters at 270 Park Avenue, in New York City, U.S., Oct. 21, 2025. Eduardo Munoz | Reuters A JPMorgan Chase-led group of banks cut their exposure to a private credit fund co-managed by KKR days before the asset manager announced

Whirlpool shares tumbled Thursday after the iconic appliance maker warned that the Iran war triggered a severe downturn, underscoring how sharply higher fuel prices and collapsing consumer confidence are beginning to weigh on big-ticket purchases. “War in Iran resulted in recession-level industry decline in the U.S. as consumer confidence collapsed in late February and March,”

When wildlife TV personality Forrest Galante sat down for his monthly call with YouTube consultant Paddy Galloway, he received some bad news. No more turtles. Galante has 2.5 million YouTube subscribers. He’s been producing wildlife programming for more than a decade, including a docuseries on Animal Planet and a show on the History Channel. He

Traders work on the floor of the New York Stock Exchange during morning trading on May 4, 2026 in New York City. Michael M. Santiago | Getty Images The S&P 500 brushed off Thursday headlines about the U.S. and Iran trading blows in the Strait of Hormuz and continued marching higher in Friday trading, crossing