CNBC

NBIM manages the fund on behalf of the Norwegian population. Set up in the 1990s to invest excess revenues from Norway’s oil and gas industry.

Sovereign wealth giant reports $354b profit on tech rally

Norway’s sovereign wealth fund — the largest of its kind in the world — posted full-year profit of 2.5 trillion kroner ($354.5 billion) on Wednesday, fuelled by a tech rally.

Updated
Read more (2 min) →
The owner of brands including Louis Vuitton, Moët & Chandon and Hennessy posted revenues of 84.68 billion euros ($141.5 billion) for 2024,

LVMH performance casts doubt on luxury recovery

Shares in LVMH retreated on Wednesday after slightly better-than-expected annual results from the world’s largest luxury company threw doubt over a broader recovery in the luxury sector.

Updated
Read more (1 min) →
Oslo Taxi’s Tesla model Y (L) and the NIO ET5 electric vehicle from Nio Inc, a Chinese multinational electric car manufacturer, drive through the Norwegian capital Oslo, on September 27, 2024.

This country is set to be first in the world to go all EV

Despite its enormous oil and gas reserves, this country’s electric vehicle sales have increased from less than one per cent of total auto sales in 2010 to a whopping 88.9 per cent last year.

Updated
Read more (4 min) →

Sign up to The Nightly's newsletters.

Get the first look at the digital newspaper, curated daily stories and breaking headlines delivered to your inbox.

Email Us
By continuing you agree to our Terms and Privacy Policy.
Elon Musk’s X has struck a dead with Visa to launch a digital wallet for his ‘everything app’.

Musk makes major money move with X, Visa

Elon Musk’s social media platform X has announced the launch of a digital wallet and peer-to-peer payment services provided by Visa.

Updated
Read more (2 min) →
A man arrested near the US Capitol building in DC allegedly wanted to kill Scott Bessent and Pete Hegseth.

Man arrested in DC wanted to ‘kill’ US treasury secretary

A man arrested at the US capitol with Molotov cocktails, a knife and an apology note written on a receipt allegedly wanted to ‘kill’ Treasury Secretary Scott Bessent and Defence Secretary Pete Hegseth.

Updated
Read more (2 min) →
Nvidia shares tumbled as much as 18 per cent on Monday after the emergence of China’s DeepSeek.

How US bid to restrict China from Nvidia’s chips backfired

DeepSeek’s rattling of the AI market has been several years in the making, with analysts viewing the Chinese company’s shocking advance in the field as an unintended consequence of US trade policy.

Updated
Read more (2 min) →
DeepSeek is a new Chinese AI startup that has wiped billions from the US stock market.

What is DeepSeek: The Chinese AI model overtaking ChatGPT

A Chinese artificial intelligence start-up has wiped billions off the US stock market as users flock to the ChatGPT competitor. But now, registrations have been limited. This is what you need to know.

Updated
Read more (2 min) →
Jensen Huang, co-founder and chief executive officer of Nvidia Corp.

Nvidia plummets almost $955b as Chinese AI sparks sell off

Nvidia and other technology shares have plunged, part of a global sell-off as Chinese startup DeepSeek sparked concerns over competitiveness in artificial intelligence and America’s leadership.

Updated
Read more (3 min) →
A 3D-printed miniature model of U.S. President-elect Donald Trump and TikTok logo are seen in this illustration taken January 19, 2025.

Meet the frontrunners in the race to buy TikTok

After stepping in to restore TikTok in the U.S. and delaying a law that would effectively ban the app, Trump is looking for avenues to keep the popular platform afloat.

Updated
Read more (7 min) →
Your money habits trace back to your childhood.

Toxic money problems trace back to your childhood

Your relationship with money might seem random, but one expert says it offers clues about your childhood — and understanding this could help overcome toxic spending habits.

Updated
Read more (3 min) →
Sam Altman and Elon Musk have been trading barbs after President Donald Trump unveiled his $500 billion private AI investment project.

Trump’s $500b AI project stirs drama among the tech bros

Some of the biggest names in technology are clashing after President Donald Trump unveiled his $500 billion private AI investment project.

Updated
Read more (3 min) →
President Donald J. Trump appears on a screen as he addresses the 55th annual meeting of the World Economic Forum via videolink.

Trump demands ‘interest rates drop immediately’

President Donald Trump lobbed his first volley at the Federal Reserve, saying that he will apply pressure to bring down interest rates, saying it will likely see the move copied globally

Updated
Read more (2 min) →
Samsung Galaxy S25s on display during a presentation of Samsung’s new products at an MTS store.

Samsung launches incredible new AI-boosted S25 smartphone

Samsung Electronics launched its latest flagship smartphones — the Galaxy S25 series — touting a custom chip and boosted AI features.

Updated
Read more (3 min) →
The streamer touted the success of its fourth-quarter slate, which included the record-breaking Jake Paul and Mike Tyson boxing match.

Netflix soars on surging revenue and subscriber growth

Shares of Netflix soared more than 14 per cent Tuesday after the company posted fourth-quarter results that beat on the top and bottom lines.

Updated
Read more (3 min) →
Elon Musk is on track to become the world’s first trillionaire by 2027, according to a report from Informa Connect Academy.

Billionaire wealth surges to ‘unimaginable’ levels

Billionaire wealth surged in 2024, as the world’s richest people increasingly benefited from inheritance and powerful connections, according to Oxfam’s latest annual inequality report.

Updated
Read more (2 min) →