A version of this article appeared in CNBC's Inside Wealth newsletter, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.As the yachting industry prepares for the Fort Lauderdale International Boat Show this week, executives are betting that the American wealth machine can...
Year: 2026
Honda warns 50% Canada auto tariffs would be catastrophic for industry
DETROIT — The automotive industry faces a "catastrophic" scenario if the U.S. and Canada cannot reach a new trade deal by the end of this year, an executive with Honda Motor warned Tuesday. President Donald Trump has threatened to double tariffs on Canadian vehicles and parts from 25% to 50%...
Robinhood shares fall 4% as crypto slump weighs on profits, offsetting gains in new businesses
Robinhood shares fell 4% in after-hours trading as investors digested weaker-than-expected third-quarter earnings despite growth in options trading and prediction markets.Here's how the brokerage performed in its quarter ended Sept. 30, compared with Wall Street estimates, based on a survey of analysts by LSEG: Earnings per share: 51 cents vs. 56...
HSBC CEO warns the AI boom won’t make every data center a good bet
AI is a transformational technology worth investing in — but investors must be selective when investing in data centers, according to the head of one of the world's biggest banks. Speaking to CNBC's Dan Murphy on Tuesday, HSBC CEO Georges Elhedery called artificial intelligence "a major enabler to re-engineer and...
World Bank’s Banga: Availability of capital ‘not really an issue’ as AI demand drives up borrowing costs
World Bank President Ajay Banga said on Tuesday that capital remained available despite concerns of artificial intelligence sending interest rates higher."It's not really an issue," Banga said in an interview on CNBC's "Squawk Box."Banga said the World Bank mobilized $112 billion last year, around three times the amount recorded three...