Business

The Sundance Film Festival is venturing to a new town. After a year of deliberations, copious site visits and scores of plane rides, the board of the Sundance Institute has chosen Boulder, Colo., to host its film festival beginning January 2027. “Boulder is a tech town, a college town, it’s a really creative town,” Eugene…

South Korean conglomerate Hyundai on Monday announced a roughly $21 billion investment in U.S. onshoring that includes a $5.8 billion steel plant in Louisiana. The plant is set to hire more than 1,400 employees and will produce next-generation steel that will be used by Hyundai’s two U.S. auto plants to manufacture electric vehicles. The investment…

The law firm Jenner & Block sued the Trump administration on Friday, seeking to stop an executive order that could cripple the firm’s ability to represent clients. The lawsuit is the second time that a big law firm targeted by President Trump has decided to fight back in court and will open a new front…

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Private credit has exploded in popularity among investors, with the market soaring from $1 trillion in 2020 to $1.5 trillion at…

The canary in the coal mine CoreWeave just pulled off the first big initial public offering this year — and the results were far from heartening. The company, which rents computing power to the artificial intelligence industry, shrank its I.P.O. far below initial expectations before Friday’s anticipated trading debut. That’s even after Nvidia, which owns…

Max Levchin, co-founder of PayPal and Affirm David Paul Morris | Bloomberg | Getty Images Fintech lender Affirm said Tuesday that it’s reached an agreement with JPMorgan Chase to offer its buy now, pay later loan services to merchants on the bank’s payments network. U.S. merchants who use JPMorgan to handle payments can soon add…

In India’s most advanced cities, American companies are racing to set up more and bigger offshore campuses: fully staffed offices with high-skilled Indian professionals, performing functions vital to global business. The concentration is most stark in bits of Bengaluru. Apul Nahata of RapidAI, a Silicon Valley-based medical technology company that uses artificial intelligence to interpret…

A sign for Freddie Mac is seen at their corporate headquarters campus on Oct. 9, 2024 in Tysons Corner, Virginia.  Kevin Dietsch | Getty Images The newly confirmed director of the Federal Housing Finance Agency, Bill Pulte, who oversees mortgage giants Fannie Mae and Freddie Mac, said he will not lower the conforming loan limit,…

Automakers can respond to President Trump’s new 25 percent tariffs on imported cars and parts in several ways. But all of them cost money and will lead to higher car prices, analysts say. Manufacturers can try to move production from countries like Mexico to the United States. They can try to increase the number of…

Pedestrians walk past a Chagee store in Shanghai, China, on March 14, 2025. CFOTO | Future Publishing | Getty Images Chinese tea chain Chagee filed for a U.S. initial public offering on Tuesday, seeking to trade on the Nasdaq using the ticker “CHA.” The IPO filing comes as the company prepares to open its first…