Founded in 1996 by a team led by former NBC executive, CNBC was created to provide real-time financial news and information to investors and business professionals. The idea emerged from the growing need for a dedicated news channel that focused on business and financial markets, especially as the internet began to change how people accessed information. Today, CNBC is owned by NBCUniversal News Group, a division of Comcast. CNBC primarily covers business news, financial markets, economic trends, and technology. The network features live broadcasts, articles, and analysis that keep viewers informed about the latest developments in the world of finance and business. Based in Englewood Cliffs, New Jersey, CNBC serves a global audience interested in understanding the complexities of the financial world. One interesting fact: A unique aspect of CNBC is that it was one of the first television networks to focus exclusively on business news, paving the way for other financial news channels. Its innovative approach to financial reporting has made it a go-to source for investors and business leaders looking for timely and accurate information.