U.S. households over age 55 control 74% of investable assets, but their retirement status has little to do with their asset levels, according to a new report.
CNBC
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Welcome to CNBC's home on LinkedIn! Follow us for regular updates about financial news, top CNBC.com stories, behind-the-scenes moments and more. CNBC, Inc. provides business news in the United States and Canada. It provides real-time financial market coverage and business information. The company, through its Web site, cnbc.com, provides real-time market analysis; video programming daily; industry and topic-specific blogs; cnbc.com live stream, a long-form scheduled programming of events; charts; and investing tools. The company was founded in 1989 and is headquartered in Englewood Cliffs, New Jersey. CNBC, Inc. operates as a subsidiary of NBC Universal, Inc.
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Updates
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The two U.S. astronauts who had been at the International Space Station for nine months after their faulty Boeing Starliner capsule returned without them are finally heading home. NASA astronauts Butch Wilmore and Suni Williams left Earth in June on a test flight that was originally intended to last about nine days. But their stay was extended after thrusters on Boeing's Starliner capsule "Calypso" failed during docking, raising concerns about the ship's ability to carry them home. The agency ultimately sent the capsule back empty after it was docked for about three months at the space station, saying it wanted to "further understand the root causes" of the spacecraft's issues.
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Shares of Chinese tech giant Baidu were trading up 10.7% in Asia on Tuesday, as investors appeared to react positively to the release of two new AI models over the weekend. Baidu released two new artificial intelligence models on Sunday, including the latest version of its foundational "Ernie" model and a new reasoning model that it said rivaled DeepSeek's R1 model. CNBC is not able to verify these claims. A reasoning model is a large language model designed to process complex problems in a similar way to humans, breaking prompts down into smaller pieces and considering multiple approaches before generating responses.
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Billionaire Ray Dalio says we're living in a time of rapid change, as geopolitical tensions rise, economic systems shift and technology develops faster than ever before. As people grapple with what he called the "changing world order," Dalio says it's important to focus on what really matters. "I think the question is, above all else ... how we're going to be with each other," said the Bridgewater Associates' founder. "Because, breakthrough technologies — they can be used for wars, they're going to create great displacement of people."
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Shares of the largest Japanese trading houses rallied on Tuesday after Warren Buffet's Berkshire Hathaway raised its stakes in them overnight. The 94-year-old investor's holding company raised its holdings in five Japanese trading houses — Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo — by more than 1 percentage point each, to stakes ranging from 8.5% to 9.8%, according to a regulatory filing. Shares in all five companies rose at least 4% shortly after the open. Itochu and Marubeni were the top movers, advancing 4.12% and 4.55% respectively, as at 10.05 a.m. local time.
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Human resources software startup Rippling sued competitor Deel in federal district court on Monday, claiming that "Deel cultivated a spy" to orchestrate a trade-secret theft. The employee met with Deel executives and passed internal Rippling records to a reporter, according to San Francisco-based Rippling's complaint in the U.S. District Court for California's Northern District. Rippling claimed in the filing Deel violated the 1970 Racketeer Influenced and Corrupt Organizations Act and misappropriated trade secrets.