Valentine’s Day gifts like these heart-shaped boxes of chocolates, on display back in 2012 in a Paris shop window, are extra-expensive just before the holiday. Chesnot | Getty Images Being in love will cost you. Valentine’s Day spending is expected to reach $25.9 billion in 2023, one of the highest-spending years …

Billionaire Ron Baron was promised he would make “two to three times” his money when he invested $100 million in Tesla CEO Elon Musk’s take-private deal for Twitter, Baron said Tuesday on CNBC’s “Squawk Box.” Baron has long been bullish on Tesla, telling CNBC’s Becky Quick that Musk made Baron …

Investor Mark Mobius was put off Adani’s massive planned share sale because of concerns about the group’s debt pile and exposure to political risk, he told CNBC Tuesday. But he does not believe the fraud accusations that have rocked one of India’s biggest conglomerates will have a knock-on effect on …

U.K. Prime Minister has announced a mini overhaul of his government as he seeks to reassert his authority after a shaky first 100 days in office. Leon Neal | Getty Images News | Getty Images U.K. Prime Minister Rishi Sunak on Tuesday unveiled a new government department focused on energy …

Freight wagons carrying oil and fuel at a petroleum products terminal in Riga, Latvia, on Feb. 2, 2023. Bloomberg | Bloomberg | Getty Images The West’s latest attempt to ramp up its oil war against Russia may cause some market dislocation, but some energy analysts remain far from convinced that …

Illustration by Elham Ataeiazar The media industry is in the middle of change. There’s little doubt legacy cable TV will continue to bleed millions of subscribers each year as streaming takes over as the primary way the world watches television. Still, the details of what’s about to happen to a …

Minneapolis Fed President Neel Kashkari on Tuesday reiterated the central bank’s commitment to bringing inflation under control through monetary policy tightening, and said his biggest fear is that the persistence of price pressures is underestimated. Anjali Sundaram | CNBC Minneapolis Federal Reserve President Neel Kashkari said Tuesday that explosive jobs …

The City of London is a blend of old and new, with St Paul’s Cathedral close to skyscrapers as well as Roman ruins. Shomos Uddin | Moment | Getty Images Most founders of tech startups who identify as LGBTQ+ in the U.K. find themselves unable to share their sexual orientation …

The U.S. has some rapid catching up to do if it is to secure the reliability of its supply chain and its independence from competitors like China, a top White House advisor admitted this week. “Look, this is a major concern for the U.S. and I think for the rest …

Microsoft CEO Satya Nadella speaks at the company’s Ignite Spotlight event in Seoul on Nov. 15, 2022. Nadella gave a keynote speech at an event hosted by the company’s Korean unit. SeongJoon Cho | Bloomberg | Getty Images Microsoft on Monday confirmed plans to host a news event Tuesday that …