At 66 years old, one Sherman Oaks, California-based mom thought she’d be enjoying an empty nest with her husband. Instead, she’s sharing her home with an unexpected roommate: her 27-year-old daughter. Since their 27-year-old moved back home in early 2024, the mother says she and her husband are spending close to $5,000 a month covering all of her daughter’s living expenses, including food, transportation and health care. The couple join a growing number of parents who say their finances have been affected by children aged 18 to 35 moving back home. Read more: cnb.cx/45Y1nIg
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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.
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Japanese automakers may have sidestepped crushing U.S. tariffs, but the reprieve is offering little comfort as Chinese automakers erode their long-held global edge, complicated by persistent structural challenges at home. On July 22, U.S. President Donald Trump announced that auto tariffs on Japan-made vehicle imports to the U.S. were lowered to 15% from the current 25%. However, the light isn't at the end of the tunnel just yet, industry experts cautioned.
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A tariff simulator shows a dramatic drop in global exports to the U.S. as a result of President Donald Trump new trade deal with the European Union. On Sunday, Trump announced a trade deal with the EU, following discussions with European Commission President Ursula von der Leyen. Trump said that the deal imposes a 15% tariff on most European goods to the U.S., including cars. According to the Tariff Simulator by the online data visualization and distribution platform, The Observatory of Economic Complexity (OEC), the forecasted global exports to the U.S. in 2027 are expected to drop by more than 46% compared to the average of the last three years, or $2.68 trillion. The forecasted U.S. exports to the world in 2027 are expected to increase by 12% compared to the average of the last three years, or $1.59 trillion.
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In 2020, Colby Grey was a freshman at the University of California, Santa Cruz when the Covid-19 pandemic halted his college experience. By his second semester, Grey was forced to move home, and it was during this time back in San Luis Obispo, California, that he started thinking about studying abroad. Grey considered master’s programs at Cambridge University, the University of Oxford, and the University of Edinburgh in Scotland, but he couldn’t justify the cost. That led him to Leuven, Belgium. Leuven is home to the KU Leuven university, which offers a program for degree-seeking students called a search permit. This permit allows students or researchers to stay for a year and work unrestricted, provided they obtain a master’s degree from a university in the country. It’s a one-year program, and the tuition cost is about 3,800 euros a year — or $4,481 USD. Read more: cnb.cx/3GpGVWe
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Samsung Electronics has entered into a $16.5 billion contract for supplying semiconductors, a regulatory filing showed Monday. Samsung shares were up more than 2% in early trading. The South Korean memory chipmaker did not name the counterparty. It did not immediately respond to a request for comment on the contract. Samsung is set to deliver earnings on Thursday and expects its second-quarter profits to more than halve as it struggles to capture AI demand from rival SK Hynix.
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House Speaker Mike Johnson on Sunday criticized the push to force a vote in the U.S. House on releasing more federal files pertaining to sex offender Jeffrey Epstein as "reckless," while the measure's co-sponsors fired back against Republican Party leadership. "House Republicans insist upon the release of all credible evidence and information related to Epstein in any way," Johnson, R-La., said on NBC News. "But we are also insisting upon the protection of innocent victims," Johnson continued.
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White sandy beaches and mild, sunny climates have long been features of the archetypal American retirement. But perhaps not anymore. New Hampshire, a state known more for its skiing than its sunshine, was named the best U.S. state to retire in Bankrate’s 2025 rankings. Read more: cnb.cx/4lJfZQx
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Data centers on the moon? It may sound futuristic, but it’s already underway. David Steinbach, global chief investment officer at Hines, says, “There is unlimited power in space because of the sun, there is unlimited cooling with the vacuum of space and there’s unlimited real estate in terms of where you can put these things.” Sign up for the CNBC Property Play newsletter for more on how real estate investors are exploring space: cnb.cx/44zJ4Ij
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President Donald Trump announced Sunday that the U.S. reached a trade deal with the European Union, following a pivotal discussion with European Commission President Ursula von der Leyen days before the Aug. 1 tariff deadline. Trump said that the deal imposes a 15% tariff on most European goods to the U.S., which is lower than the 30% rate he had previously threatened against the United States' largest trading partner. Trump also said that the 27-member bloc has agreed to purchase $750 billion worth of U.S. energy and $600 billion worth of investments into the U.S.