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The metaverse as we knew it failed, but it's being resurrected for new worlds

1 day ago | cnbc.com | Rachel Curry

Thinkhubstudio | Istock | Getty ImagesWhile the metaverse is often seen as a joke in 2025 because of low user counts and poor financial performance (take Meta's Reality Labs division and its continued losses, estimated by Statista at $70 billion all-time), the industry may be thriving in ways the general public doesn't realize.
People with high emotional intelligence do 5 things when they get angry, says psychologist—they never 'act out'

1 day ago | cnbc.com | Juli Fraga

If there's one emotion that's tough to deal with, it's anger. Growing up, many of us learn that expressing it means we're "problematic" or "mean." But anger is not a character flaw. It's an important messenger that shows up when you're violated, hurt, or wronged. As a psychologist and emotions-focused therapist with over 20 years of experience, I've seen how people's relationship with anger influences how they approach it. Those who avoid the emotion tend to feel stuck and powerless.
Here are Friday's biggest analyst calls: Nvidia, Amazon, Boeing, Nike, Disney, CoreWeave & more

1 day ago | cnbc.com | Michael Bloom

Here are Friday's biggest calls on Wall Street: Rothschild & Co. Redburn upgrades Boeing to buy from neutral The firm said "things seem to be taking a more positive turn for Boeing and the company appears healthier." "We upgrade the stock to Buy (from Neutral) given the upside suggested by our new target price of $275 per share (versus $180 previously)." Canaccord downgrades Uber to hold from buy After a change in analyst coverage, the firm downgraded both stocks on concerns about autonomous...
Chinese battery giant and Tesla supplier CATL is expanding globally: Here’s why it matters

1 day ago | cnbc.com | Dylan Butts |Sam Meredith

Aerial view of the headquarters of Contemporary Amperex Technology Co., Limited (CATL) on February 6, 2025 in Ningde, Fujian Province of China. Vcg | Visual China Group | Getty ImagesThe world's largest electric vehicle (EV) is going all-in on international expansion and could shake up the EV market in the process with its battery-swapping tech rollout. China's Contemporary Amperex Technology Co. Ltd.
China, U.S. agree on implementing Geneva consensus, building on London framework, Beijing says

1 day ago | cnbc.com | Anniek Yunxin Bao

China's Ministry of Commerce in Beijing. Visual China Group | Getty ImagesThe U.S. and China have further confirmed the details of the trade agreement reached by both sides earlier this month in London, which will implement the Geneva consensus, according to a statement released by China's Ministry of Commerce Friday afternoon.
China skirts U.S. sanctions as top buyer of Iranian oil — here’s how, and why that’s unlikely to change soon

1 day ago | cnbc.com | Anniek Yunxin Bao

An oil tanker is being pictured in the Persian Gulf near the seaport city of Bushehr, in Bushehr Province, southern Iran, on April 29, 2024. Morteza Nikoubazl | Nurphoto | Getty ImagesFor years, China has been buying discounted Iranian oil in bulk, and the U.S. sanctions on Tehran have barely put a dent in that trade, analysts said, thanks to a shadow supply chain of transshipment and a yuan-denominated payment system that bypasses the U.S. dollar.
UK auto production for May slumps to lowest level since 1949 as Trump tariffs hit hard

1 day ago | cnbc.com | Sam Meredith

General view of Land Rover cars outside the Jaguar Land Rover factory on April 7, 2025 in Halewood, England. Richard Martin-roberts | Getty Images News | Getty ImagesU.K. vehicle production fell sharply for a fifth straight month in May, according to new figures, as headwinds including U.S. President Donald Trump's trade policy hit the automotive industry hard.
Defense stocks see greater flows as conflicts fuel growth prospects

1 day ago | cnbc.com | Lee Ying Shan

Fund managers are getting more bullish on defense stocks, with recent conflicts in the Middle East, the Indian subcontinent as well as NATO allies' pledges to raise defense spending boosting prospects of the arms industry. The sector has seen robust gains this year and analysts suggest the interest in defense will grow further.
China's industrial profits plunge 9.1% in May

1 day ago | cnbc.com | Anniek Yunxin Bao

A worker checks a finished vehicle on the production line for electric vehicle maker Zeekr at its factory on May 29, 2025 in Ningbo, China. Kevin Frayer | Getty Images News | Getty ImagesChina's industrial profits plunged 9.1% in May from a year earlier in the latest sign that Beijing's stimulus efforts are falling short on boosting enterprises' profitability. Cumulative profits at major industrial firms fell 1.1% this year as of May, compared to a year earlier, the data showed.
Stocks making the biggest moves midday: Micron, Penn Entertainment, Equinix, Core Scientific & more

2 days ago | cnbc.com | Fred Imbert

Check out the companies making the biggest moves midday: Micron Technology — The chipmaker slipped nearly 2% even after its fiscal third-quarter financial results topped expectations . Micron's adjusted earnings were $1.91 per share, versus the $1.60 expected from analysts polled by LSEG. Revenue was $9.3 billion, above the $8.87 billion consensus estimate. Core Scientific – Shares of the bitcoin miner jumped 27%.