CNBC is a privately owned company headquartered in the US, operating as a subsidiary of NBCUniversal News Group. Founded in 1989, it employs approximately 2,600 individuals and reported $5.8M in revenue as of 2023. The company is also a tier 1 media tech buyer. Its main product is broadcast television and radio, providing business news in the United States and Canada.
On April 23, 2026, CNBC's Brandon Gomez reported on the Trump administration's reclassification of cannabis as a Schedule III drug, a move that does not federally legalize the substance but could significantly expand scientific research into its medical applications. Earlier the same day, a CNBC All-America Economic Survey revealed that President Donald Trump's economic approval rating dropped to the lowest point of both his terms, with 40% of respondents approving his overall job performance and 58% disapproving. Also on April 23, CNBC's Jim Cramer backed a controversial Social Security proposal as the trust fund faces a projected depletion by 2032, potentially leading to automatic benefit cuts of 23% to 28%. Previously, on April 23, CNBC appointed veteran financial journalist Joanna Ossinger as Head of Digital News for Asia-Pacific, based in Singapore, to oversee CNBC.com's editorial operations across business, financial markets, macroeconomics, and technology in the region.
CNBC currently holds 21 broadcasting rights for sports competitions including marathon, athletics, motorsports, multi-sport, horse racing, gymnastics, sports sublicensing, sailing and cycling.
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