Treasury Secretary Scott Bessent expressed confidence Tuesday that a trade deal with China is near.With so-called reciprocal tariffs set to take effect in November, Bessent said during a CNBC interview that he expects further talks to happen before then."We'll be seeing each other again," he said during a wide-ranging exchange...
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Most of Elon Musk’s fortune now comes from his private companies
Tesla and SpaceX CEO Elon Musk arrives to the inauguration of U.S. President-elect Donald Trump in the Rotunda of the U.S. Capitol on Jan. 20, 2025 in Washington, DC. Chip Somodevilla | Via ReutersA version of this article appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to...
Massachusetts sues Kalshi alleging illegal sports gambling
The Kalshi logo arranged on a laptop in New York, US, on Monday, Feb. 10, 2025. Gabby Jones | Bloomberg | Getty ImagesMassachusetts filed a lawsuit in state court Friday against Kalshi, alleging the predictions platform offers sports gambling without a license under the guise of events contracts."If Kalsi wants...
Elliott’s plan for PepsiCo includes investing in some of its iconic brands, shedding others
Company: PepsiCoBusiness: PepsiCo is one of the world's largest consumer packaged goods companies, with a portfolio of some of the most iconic brands in food and beverage. Its brands include: Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker and SodaStream. Its segments include Frito-Lay North America (FLNA); Quaker Foods North...
BlackRock’s Rieder the latest candidate to interview in Fed chair search
Rick Rieder, BlackRock Senior Managing Director, Chief Investment Officer of Global Fixed Income, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023.Adam Jeffery | CNBCThe White House search for the next Federal Reserve chair continues to twist and turn, with BlackRock bond chief Rick Rieder...