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CNBC (an abbreviation for the "<big>C</big>onsumer <big>N</big>ews and <big>B</big>usiness <big>C</big>hannel", its official name until 1991) is a group of cable and satellite television Business news channels from the U.S., owned and operated by NBC Universal. CNBC and its international spinoffs cover business headlines and provide live coverage of financial markets.