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CNBC
Broadcast Media Production and Distribution
Englewood Cliffs, NJ 2,961,998 followers
About us
Welcome to CNBC's home on LinkedIn! Follow us for regular updates about financial news, top CNBC.com stories, behind-the-scenes moments and more. CNBC, Inc. provides business news in the United States and Canada. It provides real-time financial market coverage and business information. The company, through its Web site, cnbc.com, provides real-time market analysis; video programming daily; industry and topic-specific blogs; cnbc.com live stream, a long-form scheduled programming of events; charts; and investing tools. The company was founded in 1989 and is headquartered in Englewood Cliffs, New Jersey. CNBC, Inc. operates as a subsidiary of NBC Universal, Inc.
- Website
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http://www.cnbc.com
External link for CNBC
- Industry
- Broadcast Media Production and Distribution
- Company size
- 501-1,000 employees
- Headquarters
- Englewood Cliffs, NJ
- Type
- Public Company
- Specialties
- Financial News, Stocks, Market Updates, Merger and Acquisitions, Investing Tools, Business News, Earnings, World Market News, Career, Entrepreneurship, Business, Finance, Markets, News, and Journalism
Locations
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Primary
1 CNBC Plaza
Englewood Cliffs, NJ 07632, US
Employees at CNBC
Updates
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Bitcoin fell below the $79,000 level as investors braced for more financial market volatility after U.S. equites suffered their worst decline since 2020 on the rollout of President Donald Trump's restrictive global tariffs. The price of bitcoin was last lower by 4% at $78,835.07, according to Coin Metrics, after trading above the $80,000 for most of this year — barring a couple brief blips below it amid recent volatility. It's off its January all-time high by about 34%. Although the flagship cryptocurrency usually trades like a big tech stock and is often viewed by traders as a leading indicator of market sentiment, it bucked the broader market meltdown last week – holding in the $80,000 to $90,000 range and rising to end the week as stocks tumbled and even gold fell.
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Billionaire investor Stanley Druckenmiller made a rare post on the social media platform X on Sunday, reiterating his opposition to tariffs exceeding 10%. The founder of Duquesne Family Office has been consistent in opposition to the U.S. imposing tariffs above 10% threshold. In January, he said on CNBC: "As long as we stay in the 10% range, ...I think the risks [from tariffs] are overblown relative to the rewards, the rewards on high, it's more like they're the lesser of two evils." On tariffs broadly, Druckenmiller also said at the time that he views them as "simply a consumption tax, that foreigners pay for some of it."
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The Trump administration will remain steadfast in its reciprocal tariffs on major U.S. trading partners even in the face of a global stock market sell-off, Commerce Secretary Howard Lutnick told CBS's "Face the Nation" on Sunday. Stocks have sold off heavily in the U.S. and around the world after President Donald Trump rolled out broad-ranging tariffs on April 2. In addition to a 10% duty on all imported goods, Trump announced higher levies on imports from 57 countries, which are set to take place on April 9. "The tariffs are coming. He announced it, and he wasn't kidding. The tariffs are coming. Of course they are," Lutnick said.
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Apple will keep ByteDance-owned TikTok on its App Store for at least 75 more days after receiving assurances from Attorney General Pam Bondi, according to a report from Bloomberg News. This comes after President Donald Trump signed an executive order Friday to extend the TikTok ban deadline for the second time. TikTok will be banned in the U.S. unless China's ByteDance sells its U.S. operations under a national security law signed by former President Joe Biden in April 2024. AG Bondi wrote in a letter to Apple that the company should act in accordance with Trump's deadline extension and that it would not be penalized for hosting the platform, according to unnamed sources cited in the report.
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When the season finale of "The White Lotus" airs on Sunday, viewers are expecting lots of questions to be answered: Will Gaitok confront Valentin? Does Piper still want to stay in Thailand? And of course, who is killed? Audiences will also be tuning into to find out how exactly the girls' trip storyline plays out. For the last seven episodes we've seen three childhood best friends, played by Michelle Monaghan, Leslie Bibb, and Carrie Coon, struggle to bond at this luxury resort. For anyone who has desperately tried to sustain the spark with a childhood friend, this dynamic is all too familiar. Despite growing apart, developing different values, and physically moving away from each other, childhood friends can be unexpectedly hard to let go. Why is it so challenging to call it quits with someone you talk to quarterly?
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If the third season of "The White Lotus" has you thinking that it's time to plan a vacation to Thailand, you're not alone. The hit HBO series — which returned to TV screens in February — has created a surge of interest in the latest locale where its eponymous fictional hotel is set. "After the White Lotus premiere, there was a big spike up," says Kate Bodden, a spokesperson for the airfare search platform Skiplagged. "Searches to Krabi were up 50% year-over-year."
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A crashing stock market is not part of an intentional strategy by President Donald Trump, White House National Economic Council director Kevin Hassett told ABC's "This Week" on Sunday. This came after Trump shared a link to a video on his social media platform, Truth Social, which claimed the president was causing the markets to plummet on purpose as part of his broader economic plans. The video, which initially appeared on TikTok in March, was shared by Trump on April 4, two days after his tariffs announcement. "Trump is crashing the stock market by 20% this month, but he's doing it on purpose. … And it could make you rich" the video said. It continued by adding that such a move by Trump would help "push cash into treasuries, which forces the Fed to slash interest rates in May. … It also weakens the dollar and drops mortgage rates. Now it's a wild chess move, but it's working."