The Finance Desk
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Top of the desk

Kuaishou shares jump after Tencent joins $2.8 billion raise for Kling AI subsidiary

Kuaishou shares rose as much as 6.89% at Friday's Hong Kong market open before paring gains to trade around 0.75% higher.

CNBC

Markets

  1. Is the stock market open today? Here’s how Fourth of July weekend affects trading hours.

    Since Independence Day falls on Saturday this year, here’s what to know about markets, mail delivery and more.

    MarketWatch
  2. My doctor friend objected to his hospital’s fundraising tactics. Did management go too far?

    “This shocking program was exploiting doctors and the trust inherent in their relationships with patients.”

    MarketWatch
  3. ‘I claimed Social Security at 62’: At 76, I’m working at Walmart. Why do I still owe payroll taxes?

    “It seems like half of the workforce at our local Walmart is over 65.”

    MarketWatch
  4. When does my kid get the free ‘Trump account’ money?

    As the accounts start working, here are 5 things families should know about what’s next

    MarketWatch
  5. Dow scores fresh record despite tepid jobs report. Why the rest of 2026 is about workers.

    “American workers are not getting a raise,” says J.P. Morgan Asset Management strategist.

    MarketWatch
  6. Trump blasts ‘hostile’ Fed and says Warsh ‘has to do what he has to do’ on interest rates

    Trump, in the interview, also said he continues to plan to remove Fed governor Lisa Cook from the central bank’s board.

    MarketWatch
  7. I have no kids. Will I cause family drama by leaving different amounts to my nieces and nephews?

    “Part of me would prefer to leave more to those for whom the money could make a meaningful difference.”

    MarketWatch
  8. 5 things to know about Jersey Mike’s ahead of its IPO

    Sandwich chain’s IPO filing offers details about sales gains and family compensation

    MarketWatch

The Economy

  1. Livery bookings rise as horse owners struggle with costs

    The livery provides an affordable service for owners to be able to have their horses cared for.

    BBC News
  2. Goat and skin in millions of 'lamb' kebabs compared to horsemeat lasagne scandal

    Millions are likely to have eaten "lamb" kebabs that were actually made with goat, skin and fat.

    BBC News
  3. Spyware used against MEP investigating Pegasus abuses, report finds

    Researchers say Stelios Kouloglou’s device was compromised after he joined European parliamentary committee NSO Group’s hacking software was repeatedly used against a member of the European…

    The Guardian
  4. Instagram running ads promoting child sexual abuse material in India, BBC finds

    The ads use terms including “rape” and “child video” and link to content on the messaging app Telegram.

    BBC News
  5. 3,000% bonuses but a growing wealth divide: South Korea grapples with its AI chip boom

    Powered by chipmakers Samsung Electronics and SK Hynix, South Korea is seeing a surge in wealth, but there are questions over who gets to share in the profits When South Korea’s most…

    The Guardian
  6. AI is 'not smart' so what's next in artificial intelligence?

    Leading AI researcher Yan LeCun has a start-up which is developing a more flexible AI system.

    BBC News
  7. 'We give up to £400': How much should you gift at a wedding?

    Wedding lists are being replaced by cash requests, but guests are divided over how much to give.

    BBC News
  8. Jack Smith says he's 'very concerned what's going to happen next election' under Trump

    Smith said that he could be indicted by the Department of Justice given Trump's animus toward him for prosecuting the president in two criminal cases.

    CNBC

Companies

  1. Trump bought Apple, Nvidia and other tech giants before tariff reversal fueled rebound

    The day before President Donald Trump walked back his tariff policy turned out to be one of his busiest days of 2025 for stock buying.

    CNBC
  2. Saudi Arabia has ramped up oil shipments through the Strait of Hormuz since U.S.-Iran deal

    Saudi Arabia is restarting its export logistics in the Persian Gulf after a three-month pause, according to Kpler.

    CNBC
  3. Tesla stock sinks 7% despite strong deliveries report, posting worst day in nearly a year

    Tesla is trying to recover from consecutive annual declines in vehicle sales that were partly caused by a consumer backlash against CEO Elon Musk.

    CNBC
  4. Olympian David Hearn indicted in Reflecting Pool destruction of property case

    President Donald Trump has made the renovation of the Reflecting Pool on the National Mall a top priority in his second year back in the White House.

    CNBC
  5. Michael Burry just shorted Caterpillar’s 172% AI rally. One analyst says his bet won’t even matter

    The Big Short investor calls Caterpillar one of the market's most overvalued AI trades—but an analyst argues the rally reflects a real structural shift.

    Fortune
  6. Trump Accounts get a boost from employer contributions — Goldman Sachs and Morgan Stanley are the latest to offer matching programs

    The growing list of companies that will match contributions to Trump Accounts for their employees now includes Goldman Sachs and Morgan Stanley.

    CNBC
  7. AI’s $2.2 trillion deficit fix is already half fake, economists say

    A new Brookings/Fed paper finds AI productivity could meaningfully shrink the U.S. deficit — until you count the side effects, which could erase more than half the savings before Washington…

    Fortune
  8. Levi's, The North Face and Columbia are turning to women to fuel their next phase of growth

    Legacy apparel brands including VF Corp., Levi's, and Columbia are investing more heavily in women's products and marketing.

    CNBC

From the Desk Library

All explainers →

The Economy

How the Federal Reserve Moves Your Money

One committee in Washington sets a single interest rate — and it quietly reprices your savings account, your mortgage, and the stock market.

6 min read

Markets

What Actually Moves a Currency

Exchange rates look chaotic day to day. Underneath, three forces do most of the work: interest rates, trade, and fear.

5 min read