CNBC

Elon Musk postponed a live interview on CNBC just before it was set to begin, leaving tech journalist Julia Boorstin on air explaining the cancellation. The interview was scheduled for Friday around noon but was abruptly rescheduled without further details.

Ohio surpassed North Carolina as the top state for business in CNBC’s 2026 ranking, with North Carolina dropping to second place. North Carolina excelled in economy, workforce, and access to capital but declined in cost of living and quality of life metrics. Governor Josh Stein highlighted economic strengths while urging legislative action on affordability issues.

Delta Airlines reported a $1.4 billion profit despite its highest quarterly fuel expense in history. The company expects elevated airfares to continue due to strong travel demand and plans to pass all fuel costs to consumers.

Abivax secured $920 million in funding, enabling the French biotech company to prepare for an independent U.S. launch without relying on a buyer. The funds will cover operations through 2029.

Virginia rose to third place in CNBC’s annual ‘Top States for Business’ rankings, attributed to improvements in cost of living, housing, healthcare, and infrastructure. Governor Abigail Spanberger highlighted new laws and investments, including a $50 million boost to the Virginia Business Ready Sites Program and initiatives like InternshipsVA.

Sam Altman highlighted AI cost reduction as a key topic at the Sun Valley Conference, where tech leaders sought ways to improve AI efficiency and return on investment. OpenAI's new GPT-5.6 models aim to address these concerns with enhanced token efficiency and cost-effective options.

CNBC surveyed 50 companies about their employee trading policies on prediction markets, but only a few provided responses. The article highlights concerns about insider trading related to prediction markets and how companies like Goldman are addressing the issue.

Virginia moved up one position to third place in CNBC's annual 'Top States for Business' ranking. The state secured third place in the latest assessment of America's best states for business.

OpenAI's new model is 54% more token efficient on agentic coding tasks and is now available after government approval, as stated by CEO Sam Altman in an interview with CNBC.

Arkansas is named the Most Improved State for Business in CNBC's annual Top States rankings, driven by low costs and high quality of life attracting working-age adults. The state's economic appeal is linked to its affordability and living conditions.

Ohio ranks first in CNBC's 2026 business rankings for the first time, marking the culmination of a yearslong rise as a top business state in America.

CNBC's 2026 annual study ranks all 50 U.S. states based on 138 metrics across 10 categories to determine business competitiveness. The report identifies the top states for business in America.

Delta Air Lines is introducing a lower-cost business-class fare with fewer perks, the Federal Reserve's June meeting minutes revealed divided views on interest rates, and many employers are delaying expanded coverage for GLP-1 obesity drugs due to rising healthcare costs.

Blue Origin, owned by Jeff Bezos, is raising outside capital in a fundraising round valuing the rocket company at $130 billion, according to sources cited by CNBC's Andrew Ross Sorkin.

The US government is concerned about US companies increasingly using Chinese-made AI models to reduce costs. This corporate trend has drawn government disapproval.

The US housing market is shifting toward balance as inventory increases and price growth slows, with 44% of agents reporting balanced conditions in Q2. Home sales rose 3% year-over-year in May, but affordability challenges persist due to 6.6% mortgage rates and elevated prices, despite a 2.5% annual drop in asking prices.

Klarna is seeking a U.S. bank charter to establish FDIC-insured services, Microsoft is cutting 4,800 jobs with a focus on its underperforming Xbox division, and the U.S. service sector saw slower growth in June but increased hiring.

SpaceX President Gwynne Shotwell is set to donate company stock to Trump Accounts. President Donald Trump mentioned this to CNBC's Joe Kernen.

Elon Musk declared Tesla's goal to deploy hundreds of thousands of self-driving taxis in the US by 2026. The article highlights how some CEOs set bold public targets while others adopt a more cautious approach.

US President Donald Trump expressed surprise at the large turnout at Ayatollah Ali Khamenei's funeral, stating he expected the Iranian leader to be unpopular. Trump suggested the mourning might be 'fake' and noted Iran's desire to resume negotiations, which are paused until funeral proceedings conclude. He also mentioned the potential for military action but ruled it out to preserve negotiation leverage.

Ford has achieved a quality milestone, with CEO Jim Farley stating the company has learned from past quality and recall issues that impacted earnings and reputation. The CEO emphasized a focus on flawless new vehicle launches.

CNBC's Arjun Kharpal interviews Amazon's Panos Panay on the company's AI gadget push in the latest episode of The Tech Download podcast.

The Premier Lacrosse League plans to introduce team owners by 2028 or soon thereafter, according to co-founder Paul Rabil, who cited the 2028 Los Angeles Summer Games as an opportunity to elevate lacrosse's profile as an Olympic sport.

Robinhood CEO Vlad Tenev discussed the potential of AI agents in trading during an interview with CNBC. He stated that AI agents will soon be able to match human traders.

Amazon is developing custom AI chips for devices like Echo and Fire TV, as well as future products, according to hardware chief Panos Panay. The company aims to experiment with AI-powered gadgets through these specialized chips.

Jim Cramer of CNBC advised investors to use the current market rotation to purchase top-performing stocks they may have previously missed. He emphasized positioning for potential gains by capitalizing on shifts in market leadership.

Joachim Nagel, president of Germany’s Bundesbank, warned that inflation is likely to remain 'significantly above target' during an interview with CNBC at an ECB conference in Portugal.

The FDA has launched a pilot program with Eli Lilly and Regeneron to accelerate the development and approval of U.S. drug manufacturing facilities by engaging companies during design and construction phases. The initiative aims to reduce delays, improve compliance, and strengthen the domestic pharmaceutical supply chain to reduce reliance on overseas production.

Eli Lilly and Regeneron are among the first seven companies selected by the FDA for its PreCheck Pilot Program, an initiative aimed at accelerating the review of new manufacturing facilities. The program was reported by CNBC.

Oil prices fell due to eased supply concerns in the Strait of Hormuz. President Trump's economic approval dropped to 37%, with 60% disapproving. Hyundai recalled 96,000 vehicles for a software defect affecting the instrument panel display.

Chicago Fed President Goolsbee stated inflation is too high and described Warsh as 'a serious guy.' He avoided commenting on future interest rate movements during a CNBC interview from his home district.

Chevron's CFO Eimear Bonner stated that gas prices will decrease but not as quickly as Trump desires, while Trump has directed the DOJ to investigate Big Oil.

Chevron's CFO Eimear Bonner stated that pump prices are expected to decrease but will take time to reflect lower crude prices. President Trump ordered the Department of Justice to investigate major oil companies.

Delaware Sen. Lisa Blunt Rochester avoided answering where socialism has been 'beneficial' during a CNBC interview about socialist candidates winning New York primaries. She emphasized local political strategies and voter engagement, while the host pressed her on the effectiveness of socialism without receiving a direct response.

A new EV startup, Slate Auto, led by former Amazon executive Peter Faricy, is challenging the EV industry by offering a low-cost, highly customizable pickup starting at under $25,000. The company's 'blank slate' model allows customers to add functionality through modular accessories, aiming to test demand for affordable EV pickups and achieve profitability through simplified manufacturing.

Ten years after the Brexit vote, CNBC's analysis highlights changes in the UK's economy and politics through charts focusing on growth, immigration, sterling, trade, and political shifts. The article uses visual data to illustrate these transformations over the decade.

U.S. shoppers are projected to spend $26.3 billion during Amazon’s Prime Day, a 9% increase from last year. The U.S. Treasury issued a 60-day license for Iran to sell oil, easing sanctions amid negotiations. Benny’s Car Wash opened its 10th location in the Greater Baton Rouge area, offering car wash services and a convenience store.

Tropical Storm Arthur caused an estimated $4 billion to $6 billion in damage along the Gulf Coast due to severe flooding. The U.S. has initiated a Section 301 investigation into Germany’s pharmaceutical pricing policies, alleging unfair practices against American drugmakers. Jeff Bezos has pursued a strategy to reduce reliance on SpaceX by expanding alternative space infrastructure and supporting multiple launch providers.

Mortgage demand has declined due to high borrowing costs despite slight rate reductions, AI usage is rising but remains met with caution, and Tropical Storm Arthur is expected to bring heavy rainfall and flooding risks to the Texas-Louisiana Gulf Coast.

CNBC's Jim Cramer stated that SpaceX investors are focused on Elon Musk's vision and track record rather than the company's current earnings. The analysis highlights investor confidence in Musk's leadership over short-term financial performance.