Trump’s ‘big beautiful bill’ has a ‘double taxation’ trap for top earners, tax experts say
A new guide by Congress’ tax policy staff indicates that trust income can be taxed twice.
Broadcom, Micron and ARM sink, leading chip stocks lower
U.S. chipmakers plunged after Broadcom earnings disappointed investors.
Bluesky was launched as a Twitter rival — but it’s far less popular. Now it’s eyeing Reddit for inspiration
“I think the public square is not the direction we want to go in…we’re very inspired by companies like Reddit,” Bluesky’s Rose Wang told CNBC.
Tire giant Pirelli vows legal action as short seller alleges ‘close relationship’ with Russia
Pirelli has instructed lawyers to take legal action after short seller Grizzly Research claimed the firm has a “close relationship” with Russia.
India’s viral ‘Cockroach’ party has millions of followers. What investors need to know
A Gen Z-led, social media-first mock political party in India that has amassed millions of followers and is set to hold an in-person protest on Saturday.
The World Cup will boost these hospitality stocks, Deutsche and Goldman say
Around 5 billion people – more than half the world’s population – tuned into at least parts of the previous World Cup in 2022.
European defense stocks are cooling. Analysts say this top pick could still double
Investors are missing the bigger picture on European defense, Morningstar analysts argued.
Partners Group warns it could cap more fund withdrawals after triggering private equity rout
Partners Group said it could cap capital withdrawals from more of its funds after a European gating sparked a private equity stock sell-off on Wednesday.
Universal Music slumps as Bill Ackman’s Pershing Square offloads stake after failed takeovers
Tensions between Iran and the U.S. on Wednesday sent Asian stocks lower overnight, as European equity markets struggled for direction in morning trade.
CNBC Daily Open: Stock markets sense a shift
Global stocks are under pressure despite oil easing after a ceasefire between Israel and Lebanon, while investors anticipate SpaceX’s IPO.
