CNBC

Beyoncé and Solange are two icons in their own right, and the creative sisters have a strong relationship with each other that exudes love and care. This dynamic has a lot to do with how their mother, Tina Knowles, raised them. When Beyoncé and Solange were around the ages of 12 and 7 respectively, Knowles took them to counseling together. It was a taboo decision to make at the time, but Knowles felt it would strengthen her daughters’ relationship and help them grow as individuals.

Eric Trump has a warning for banks: change the way you operate, or go extinct. “The modern financial system is broken, it’s slow, it’s expensive,” the executive vice president of the Trump Organization told CNBC’s Dan Murphy in Dubai while discussing the United Arab Emirates’ development as a cryptocurrency hub. cnb.cx/44Lk0OP

More people are living at American malls as real estate developers knock down department stores and construct apartment buildings in their place. At least 192 U.S. malls planned to add housing to their footprint as of January 2022, and at least 33 had constructed apartments since the pandemic began. Dozens more apartment projects are currently underway in California, Florida, Arizona and Texas. Watch the full video: cnb.cx/3D2MeZE

President Trump’s campaign to increase tariff rates on imports targets China in particular. In response, China’s leaders have levied higher duties on imports of U.S.-sourced products. China also identified U.S. companies to blacklist and limited access to rare earth elements, which enable many modern technologies. Find the full report: cnb.cx/4cXyr4p

A six-figure household income doesn't necessarily make you rich — in many cases, it just means you're middle class. The upper bound of what's considered middle class for households exceeds $100,000 in every U.S. state, according to a SmartAsset analysis of 2023 income data, the most recent available from the U.S. Census Bureau. The report, which crunched the numbers for all 50 states, is based on Pew Research's definition of middle class: two-thirds to double the median household income.

OMAHA, Nebraska — Berkshire Hathaway shareholders are getting more bang for their buck at this year's meeting with the annual shopping event more interactive than ever. The conglomerate's yearly convention kicked off Friday with a shareholder-only shopping event, called the "Berkshire Bazaar of Bargains." With over 20,000 square feet of showroom space at the CHI Health Center in downtown Omaha, the exhibit hall is offering goods from a myriad of the conglomerate's holdings, including Warren Buffett-themed apparel from Brooks Sports and Berkshire chocolate coins from See's Candies. Buffett will take the stage 9am ET Saturday to address the most pressing issues investors face, including tariffs, the market volatility as well as the state of the economy. The 94-year-old investment legend will answer shareholder questions along with his designated successor, Greg Abel, and Berkshire's insurance chief, Ajit Jain. The Q&A session will be broadcast exclusively on CNBC.

Annuities can offer guaranteed lifetime income but it's important to know how they work. Our editor, James Ellis is breaking that down in just 30 seconds. Learn more: cnb.cx/430IrXf

Running a $1.92 trillion company isn’t for the faint of heart, according to Alphabet and Google CEO Sundar Pichai. cnb.cx/4jxVOE8

House Republicans have a plan to drastically change how millions of Americans repay their student debt. Under the GOP’s new proposal, known as the Student Success and Taxpayer Savings Plan, there would be just two repayment options for those with federal student loans. Currently, borrowers have about 12 ways to repay their student debt, according to higher education expert Mark Kantrowitz. If the GOP plan is enacted, borrowers would be able to pay back their debt through a plan with fixed payments over 10 to 25 years, or via an income-driven repayment plan, called the “Repayment Assistance Plan.” cnb.cx/42He5Js

Teens who overuse social media and smartphones could deprive themselves of a life skill that's essential for success, according to social psychologist and New York University professor Jonathan Haidt. Those between the ages of 13 and 18 average eight hours and 39 minutes of screen time per day, according to a 2021 report from Common Sense Media. Moreover, the company's 2023 "Constant Companion" report found that teens receive almost 240 notifications every day, and check their phones over 100 times. The result: A generation of people who can't concentrate, according to Haidt. And focus is an essential skill for success in life and at work, the social psychologist pointed out on a recent episode of The Oprah Podcast, where he spoke to a 17-year-old self-proclaimed social media addict.