McConnell provides health update after long unexplained absence

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Zoom In IconArrows pointing outwards U.S. Sen. Mitch McConnell, R-KY, and his wife Elaine Chao. Source: The office of U.S. Sen. Mitch McConnell Read more CNBC politics coverage McConnell, 84 — who has been absent from the Senate since he was hospitalized on June 14 — also provided a photo of himself with a statement […]

Disney bet big on one of its most popular franchises. The live-action remake failed to make a splash

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The Walt Disney Company’s live action “Moana” may be the No. 1 movie at the domestic box office, but it did not make a big splash in its first weekend in theaters. The movie, which cost a reported $250 million to produce, earned just $43 million from ticket sales in the U.S. and Canada, according to studio […]

Critical raw material clubs are coming, but what should they look like?            

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Critical raw material clubs can help diversify critical minerals supply chains by improving cooperation, investment, and resilience among trusted partners. Different types of CRM clubs are designed to address distinct economic challenges, including information gaps, coordination failures, commitment issues, and distributional conflicts. Effective CRM clubs require governance arrangements that are proportionate to the complexity of […]

The Financial Order of Operations

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FM Sitharaman flags global crisis spillovers, unfair burden on developing nations

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New Delhi: The burden of adjustment in an imbalanced, conflict-ridden world should not fall disproportionately on countries in the Global South that don’t drive these imbalances, finance minister Nirmala Sitharaman said on Thursday. India, like many developing economies, “remains largely peripheral to both the origination and propagation of global imbalances; yet, we continue to face […]

Beyoncé Controls One Critical Business Asset That Most Corporate Leaders Quietly Give Away

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Most leaders plan quarters. Beyoncé plans eras.

US middle class keeps shrinking as wealthy pull further ahead, Equifax data show

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Multigenerational issue Every generation posted a lower index reading this quarter. Millennials fell hardest, down 1.2% quarter over quarter to an average of 58.1, and this cohort also logged the steepest rate of significant point drops of any age group as they move through peak earning years without the inherited wealth cushion available to younger […]

South Carolina Senator Lindsey Graham Dies at 71

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According to statements released by his office, Senator Graham died on July 11, 2026, at age 71, following what was described as a “brief and sudden illness.” There are reports he died of a sudden heart attack. Graham built a reputation as one of the Senate’s leading voices on national security, foreign policy, and judicial […]

The ‘facade’ of the U.S.-Iran ceasefire crumbles after after largest round of fighting in months

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The battle for the Strait of Hormuz is heating up as the U.S. and Iran exchange bigger and bigger blows to control the critical energy chokepoint. The past week has seen three rounds of strikes by the U.S. military, which is responding to Iranian attacks on commercial ships and defending a route that follows the […]

Earnings estimates have been following an unusual pattern this time around

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Analysts generally lower their estimates in the months before earnings. But thanks to the energy and tech sectors, expectations have actually climbed heading into second-quarter results.