Author: Daniel snow

Byron Allen, founder, chairman and CEO of Allen Media Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022.Patrick T. Fallon | Afp | Getty ImagesByron Allen is putting his broadcast TV stations up for sale.Allen Media Group said on Monday it has retained investment bank Moelis & Co. to sell its group of 28 owned and operated broadcast TV stations, which are affiliated with ABC, NBC, CBS and Fox in 21 markets across the U.S.In a news release, Allen said the company has invested more than $1 billion into acquiring the stations over…

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President Donald Trump and China’s President Xi Jinping shake hands at a press conference following their meeting at the Great Hall of the People in Beijing.Artyom Ivanov | TASS | Getty ImagesPresident Donald Trump and Chinese President Xi Jinping are likely to speak this week, a senior White House official told CNBC on Monday.The expected discussion follows a series of flare-ups between Washington and Beijing that threaten to derail a tentative trade agreement that the two economic superpowers reached just weeks earlier.The two leaders could speak one-on-one “very soon,” though probably not today, the official said on condition of anonymity.Trade…

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A Social Security Administration office in Washington, D.C., March 26, 2025.Saul Loeb | Afp | Getty ImagesA new Social Security Administration policy will require nearly 2 million additional beneficiaries to visit the agency’s offices each year to change their direct deposit information, according to agency estimates.That’s often not a quick trip: Nearly one-quarter of seniors live more than an hour away from their local Social Security field office, according to a new analysis from the Center on Budget and Policy Priorities. Meanwhile, half of seniors need to drive for at least 33 minutes without traffic to get to their Social…

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Ready to buy your first home but not sure where to start?Smarter by CNBC Make It has you covered with our new online course, How to Buy Your First Home, a step-by-step guide that walks you through the entire homebuying process.From weighing the pros and cons of renting vs. buying to navigating mortgages and choosing where to live, you’ll gain the tools and knowledge to make confident, informed decisions. Learn how to prepare your finances, avoid costly mistakes, and take smart steps toward owning your first home.You’ll get 110 minutes of instructional video lessons that you can watch at any…

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In the coming weeks, the U.S. Senate is expected to consider, amend and eventually vote on President Donald Trump’s budget agenda, called the “One Big Beautiful Bill Act.” The House passed the bill on May 22 by a single vote. The massive bill includes a variety of provisions aiming to cut government spending and raise revenue to address the federal deficit. Major provisions include making Trump’s 2017 tax policy permanent where it would otherwise expire at the end of the year and cutting Medicaid benefits.Efforts to reform the federal student loan program are also included within the bill’s 1,000-plus pages. The…

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