Month: April 2025
U.S. financial regulator says email hack exposed sensitive data on banks
Key Points The Office of the Comptroller of the Currency on Tuesday said that a February hack of its email systems qualified as a “major incident” and exposed “highly sensitive information.” The breach involved information related to the “financial condition of federally regulated financial institutions used in its examinations and supervisory oversight processes.” Source
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GM axing Cadillac XT6 crossover, extending production of another vehicle in Tennessee
A Cadillac XT6 vehicle is seen at the La Fontaine Cadillac dealership in Highland, Michigan, September 18, 2019. Rebecca Cook | Reuters DETROIT — General Motors is ending production this year of a gasoline-powered Cadillac crossover at a plant in Tennessee, while extending production of another vehicle at the facility, CNBC has learned. The Detroit […]
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10 beaten-up stocks that are candidates for a rebound — but all are not created equal
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks are struggling to hold onto gains Tuesday with the market well off its highest levels of the session. Deeply oversold conditions combined with some […]
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Mortgage rates slingshot higher as tariff uncertainty roils markets
A completed planned development is seen in Ashburn, Virginia, on Aug. 14, 2024. Andrew Caballero-Reynolds | AFP | Getty Images Mortgage rates hit their highest level in over a month this week, reversing course after a period of improvement. The average rate on the 30-year fixed rate jumped 22 basis points Monday and another 3 […]
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Josh Brown says this is a classic ‘bear market bounce’
The comeback attempt stocks are staging Tuesday is little more than a blip in a still-concerning market, according to Ritholtz Wealth Management co-founder and CEO Josh Brown. “Put today’s bounce into the entry of classic bear market bounce, because that’s exactly what you have today,” Brown told CNBC’s “Halftime Report” on Tuesday. “When you look […]
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Norwegian Cruise Line CEO: Possible to build our own ships but need a multi-decade path
Harry Sommer, Norwegian Cruise Line President and CEO, joins ‘The Exchange’ to discuss how Sommer’s feeling about consumer sentiment, if ship building can be done in America, and much more. Source
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U.S. crude oil falls below $60 per barrel as selloff continues on fears of full-blown trade war
A view shows disused oil pump jacks at the Airankol oil field operated by Caspiy Neft in the Atyrau Region, Kazakhstan April 2, 2025. Pavel Mikheyev | Reuters Crude oil futures fell Tuesday, adding further to already steep losses on fears that President Donald Trump’s sweeping tariffs will trigger a full-blown, global trade war. U.S. […]
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Why bitcoin is showing ‘impressive’ resilience through tariff tumult, according to Bernstein
While recession fears and uncertainty about President Donald Trump’s tariff plans have taken stocks for a ride, bitcoin’s resilience through it all “has been nothing but impressive,” according to Bernstein. Bitcoin lost about 7% from last Thursday — the day after Trump revealed his sweeping tariffs plan — to this Monday. During the same period, […]
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Stocks making the biggest moves midday: Apple, UnitedHealth, Humana, Broadcom, Wells Fargo and more
Check out the companies making headlines in midday trading: Tech stocks — Shares of megacap technology names rose amid investor optimism that the U.S. would reach deals with other countries to lower tariffs. Apple , which lost around 20% over the past three trading days given its China exposure, rose more than 3%. Others such […]
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Dow rebounds 900 points on rising hopes for tariff deals: Live updates
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 8, 2025. Brendan Mcdermid | Reuters Stocks surged Tuesday in a slight reprieve from the tariff market turmoil, on rising hopes the U.S. would reach trade deals to lower the duties over time. The Dow Jones Industrial […]
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