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Row of single-family detached houses in Alexandria, Virginia.Grace Cary | Moment | Getty ImagesA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.Fractional ownership isn’t exactly a new concept in real estate, but one company is taking it to another level, with the help of fresh funding from big-name investors. It’s creating a so-called stock market for real…
Elon Musk announced his new company xAI, which he says has the goal to understand the true nature of the universe.Jaap Arriens | Nurphoto | Getty ImagesElon Musk’s artificial intelligence company xAI has raised $15 billion from investors, sources familiar with the matter told CNBC’s David Faber. The funding adds another $5 billion to the $10 billion round CNBC reported on in September, which valued the startup at $200 billion. Sources told CNBC that a lot of the money will fund graphic processing units that underpin large language models.Artificial intelligence startups have reached sky high valuations in recent months as…
Joby Aviation’s hybrid aircraft.Courtesy: Joby AviationJoby Aviation completed the first test flight of its hybrid defense aircraft, three months after the company teamed up with government contractor L3Harris on the project.The successful launch occurred on Nov. 7, at Joby’s facility in Marina, California, the company said on Thursday. Chairman Paul Sciarra told CNBC that the flight showcases Joby’s ability to quicky move from “concept to demonstration” to meet growing military needs.Joby and L3Harris first said they were collaborating on a military craft with autonomous or piloted capabilities in August.The U.S. government is investing aggressively under the Trump Administration on new…
Workers picket in front of a Starbucks outlet in New York City, U.S., Oct. 1, 2025.Brendan McDermid | ReutersStarbucks Workers United launched an open-ended strike in more than 40 cities Thursday on Red Cup Day, one of the chain’s biggest sales days of the year.The protest, which the union says involves more than 1,000 baristas in over 65 stores, comes after Workers United voted to authorize an open-ended strike after baristas and the coffee giant failed to reach a collective bargaining agreement.The strike could hurt business during Starbucks’ busy holiday season, which typically provides a sales boost and will be key…
Staff members promote agricultural products via live-streaming in Qianxi City, southwest China’s Guizhou Province, Nov. 11, 2025. (Xinhua/Fan Hui)BEIJING, Nov. 13 (Xinhua) — Planning to bring home a feline friend but unsure what supplies to stock up on during the annual shopping festival? This year, simply typing your needs in the search box and the AI-empowered search will generate complete shopping guides within seconds, covering everything from cat food and bowls to toys, tips and reviews.Similar scenario unfolding in China’s ongoing “Double 11” shopping festival signals evolving shopping experience and consumption trends in the country’s consumer market.SMARTER SHOPPINGWith an “AI…
NEW DELHI: India’s government on Wednesday vowed to bring the “perpetrators, their collaborators, and their sponsors” of a deadly car blast in the heart of the capital to justice. The powerful blast on Monday killed at least 12 people and wounded 30 others, according to hospital officials. “The country has witnessed a heinous terror incident, perpetrated by anti-national forces, through a car explosion near the Red Fort”, a cabinet statement read, after a meeting chaired by Prime Minister Narendra Modi. It was the first confirmation that India is treating the blast as an act of terrorism. The historic Red Fort…
U.S. President Donald Trump signs the funding bill to end the U.S. government shutdown, at the White House in Washington, D.C., U.S., Nov. 12, 2025. Kevin Lamarque | ReutersThis is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. Opening timePresident Donald Trump ended the longest government shutdown in U.S. history last night, signing into law a short-term funding bill passed by the House of Representatives earlier in the evening that funds the government through January.Here’s what to know:While the deal does not include the…
An aerial drone photo taken on July 21, 2025 shows an urban village renovation project in Nanning City, south China’s Guangxi Zhuang Autonomous Region. (Xinhua/Huang Xiaobang)BEIJING, Nov. 13 (Xinhua) — China’s real estate sector, long regarded as a pivotal engine for economic growth, is evolving to focus more on meeting people’s need for quality housing, with a policy-backed transition set to deepen over the next five years.The Communist Party of China (CPC) Central Committee has recently released its recommendations for formulating the 15th Five-Year Plan (2026-2030), framing the goal of “high-quality real estate development” under the overarching goals of “ensuring…
Justice Babar Sattar issued a detailed 73-page order, orders to send copy of judgment to Ministry of Law, JusticeJustice Babar Sattar. PHOTO: FILE ISLAMABAD: The Islamabad High Court (IHC) on Wednesday ruled that the executive must consult the judiciary for the appointment and removal of judges in Islamabad. Justice Babar Sattar issued a detailed 73-page written order, declaring that the terms of service of judges include the exercise of powers independently, impartially, and free from external pressure. The court further held that the federal government should exercise its powers of appointment or removal of judges only after consulting the IHC.…
Swissmediavision | E+ | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Keeping wealth in the family is easier than controlling how your heirs invest it.For investment firms of ultra-wealthy families, the stakes are especially high. A recent Bank of America survey of 335 family offices, with 60% of respondents holding at least $500 million in assets, found that 87% had yet to pass down assets to the next generation.More than a third of family offices…