Cnb news

CNBC (Consumer News and Business Channel) is a leading American cable and satellite business news channel. Here are some of the latest news and updates from CNBC:

Top Stories

  1. Stock Market: The Dow Jones Industrial Average and S&P 500 indexes fell sharply on Monday, with the Dow dropping over 700 points, amid concerns over the spread of the COVID-19 delta variant and inflation worries.
  2. Economy: The US economy added 943,000 jobs in July, exceeding expectations, but the unemployment rate rose to 5.4% as more people entered the labor market.
  3. Tech: Tesla's stock price surged after the company reported a surprise profit in the second quarter, despite ongoing supply chain issues and production challenges.
  4. Crypto: Bitcoin prices fell sharply on Monday, dropping below $30,000 for the first time since June, amid concerns over regulatory crackdowns and market volatility.
  5. Business: Amazon is reportedly planning to launch a new grocery store chain, called "Amazon Fresh," which will offer a wider selection of products and services than its existing grocery delivery service.

Market Analysis

  1. Jim Cramer: The "Mad Money" host is bullish on the stock market, saying that the recent pullback is a buying opportunity for investors.
  2. Squawk Box: The morning show's hosts are discussing the implications of the delta variant on the economy and the stock market.
  3. Fast Money: The evening show's traders are debating the best ways to play the market in the current environment.

Personal Finance

  1. Retirement: A new survey finds that many Americans are not saving enough for retirement, with 40% of respondents saying they have no retirement savings at all.
  2. Student Loans: The Biden administration is considering a plan to forgive up to $50,000 in student loan debt for borrowers who earn less than $125,000 per year.
  3. Credit Cards: A new report finds that credit card debt is on the rise, with Americans owing an average of $4,293 per person.

International Business

  1. China: The Chinese government is cracking down on tech companies, with Alibaba and Tencent facing increased scrutiny over their business practices.
  2. Europe: The European Union is considering a new set of regulations aimed at curbing the power of big tech companies, including Google, Amazon, and Facebook.
  3. India: The Indian government is implementing new rules aimed at promoting domestic manufacturing and reducing reliance on imports.

These are just a few of the latest news and updates from CNBC. You can stay up-to-date with the latest business news and analysis by following CNBC on social media or watching their live streams.