Berkshire's Alphabet stake, Meta goes back to court, Europe's champagne problems and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
Happy Monday. Congratulations are in order for my colleagues who won an Edward R. Murrow Award for their investigation of Walmart's online marketplace. Read their reporting here.
Stock futures are mixed this morning. The S&P 500 is coming off its third straight winning week.
Here are five key things investors need to know to start the trading day:
Berkshire Hathaway added $17 billion to its Alphabet stake in the second quarter, according to a regulatory filing released Friday, making the Google parent the third largest holding in the conglomerate's portfolio. That wasn't the only news to come out of Friday's filings.
Barely more than a week after a loss in New Mexico, Meta is heading back to court . Opening arguments begin tomorrow for the case against the Facebook parent being co-led by California Attorney General Rob Bonta.
As CNBC's Jonathan Vanian reports, the group of 29 state attorneys general are pushing a unified case against Meta, alleging that the company violated federal and state laws. "You could wake up with a headline judgment that is, as I've said, astronomical," New Mexico AG Raul Torrez said, fresh off his win against Meta earlier this month.
The wave of legal challenges against Meta represent a "Big Tobacco" moment for social media, according to industry experts. A loss in the company's home state of California, one of the most important and influential jurisdictions in the U.S., could be particularly staggering.
Lamborghini last week launched a limited-edition hybrid version of its V12 Revuelto. As CNBC's Robert Frank notes, it's the luxury automaker's most powerful production car ever.
Elsewhere in autos: Rivian is hoping to regain ground on Tesla 's "hands-free" capabilities, all while maintaining extra safety precautions. CNBC's Michael Wayland drove both systems. Here's how the two stacked up.
CNBC's Morning Squawk recaps the biggest stories investors should know before the stock market opens, every weekday morning.
It's a pivotal moment for the television industry, which has seen a wave of mergers, acquisitions and spinouts reshape TV's landscape.
CNBC's Alex Sherman and Lillian Rizzo went through their rolodexes to see what insiders believe could be on the horizon for TV. CNBC's Future of TV survey is an update to the same survey conducted in 2023, which produced some prescient predictions.
Champagne makers are experiencing an alcohol-induced headache. But it's not in the way you might expect.
In Europe, hotter summers have made grape harvesting seasons shorter and earlier. The grapes are more sugary as a result, which is posing a dilemma for producers of the sparkling wine: If they harvest early to reduce the sugar content, winemakers risk not achieving the desired flavor and texture.
On top of extreme heat and freak weather events, European winemakers are also grappling with declining demand, rising costs and the impact of U.S. tariffs.
