John Paulson, the hedge fund manager who made billions betting against the U.S. housing market before turning bullish on gold, said he believes the precious metal is only in the early stages of a long-term rally."I do think we're in the beginnings or the early stages of a long-term bull...
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Netflix stock falls as earnings forecast disappoints, company says it will give fewer engagement updates
The Netflix logo is seen on the roof of an office building in Los Angeles, California, on April 16, 2026.Michael Yanow | Nurphoto | Getty ImagesNetflix reported second-quarter revenue and earnings that were roughly in line with analyst estimates on Thursday as Wall Street is keeping a close eye on...
World Cup gave bars and restaurants a needed boost as consumers flash warning signs, Fed says
Soccer fans gather for a watch party during the World Cup semifinal match between Spain and France at China Basin Park in San Francisco, July 14, 2026.Heather Diehl | Getty ImagesWhile the FIFA World Cup provided a tourism boost to host cities, its positive impact was mitigated by economic weakness...
Anthropic moves closer to mega-IPO as bankers line up investor meetings
Dario Amodei, co-founder and CEO of Anthropic, during the company's Builder Summit in Bengaluru, India, Feb. 16, 2026.Samyukta Lakshmi | Bloomberg | Getty ImagesAnthropic is lining up meetings with investors ahead of a potential initial public offering later this year, a person with knowledge of the plans told CNBC.Bankers leading...
Delta expects higher airfare to last, bringing 2026 profit goal in reach, CEO says
Delta Air Lines' profit goal is in reach this year as the carrier passes along higher fuel costs to customers, pricing power CEO Ed Bastian expects to last even as oil prices drop from multiyear highs."I think it's sustainable," Bastian told CNBC in an interview. He said fares will likely...