Month: August 2025
New York AG James sues Zelle parent company for alleged fraud
Key Points New York Attorney General Letitia James sued the parent company of payment network Zelle for allegedly enabling fraud. James alleged that the company knew about ongoing fraud between 2017 and 2023 and did not take actionable steps to resolve it. The lawsuit follows a similar one by the Consumer Financial Protection Bureau that […]
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Odds of Trump tapping David Zervos for Fed chief jump on Kalshi after CNBC report
Key Points Users on prediction market Kalshi are upping their bets that Jefferies Chief Market Strategist David Zervos will become the next Federal Reserve chair. The move comes after sources told CNBC that President Donald Trump is considering 11 candidates to succeed current Fed Chair Jerome Powell once his term is up. Source
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CoreWeave stock slumps 14% on wider-than-expected loss ahead of lockup expiration
CoreWeave‘s stock dropped 14% after the renter of artificial intelligence data centers reported a bigger-than-expected loss. In its second quarterly financial results as a public company, CoreWeave reported an adjusted loss of 27 cents per share, compared to a 21-cent loss per share expected by analysts polled by LSEG. CoreWeave’s results came as the lock-up […]
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Healthy Returns: FDA launches program to streamline creation of new U.S. drug manufacturing sites
FILE PHOTO: The headquarters of the U.S. Food and Drug Administration (FDA) is seen in Silver Spring, Maryland November 4, 2009. Jason Reed | Reuters A version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions. A new […]
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Amazon launches same-day delivery of meat, eggs, produce in more than 1,000 cities
An independent contractor wearing a protective mask and gloves loads Amazon Prime grocery bags into a car outside a Whole Foods Market in Berkeley, California, on Oct. 7, 2020. David Paul Morris | Bloomberg | Getty Images Amazon is rolling out same-day delivery of fresh foods to more pockets of the U.S. as it looks […]
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Ether nears 2021 record high as money pours into ETFs, bullish forecasts abound
Key Points Ether at one point Wednesday traded as high as $4,714.02, putting it less than $200 away from its November 2021 all-time high. Inflows into ether ETFs are up to $1.5 billion so far this week, compared to $244 million into bitcoin ETFs. Standard Chartered raised its price target on ETH to $7,500 by […]
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Trump considering 11 candidates for Fed chair, including David Zervos and Rick Rieder, sources say
watch now VIDEO9:2409:24 Trump considering 11 candidates for Fed chair, including David Zervos and Rick Rieder: Sources Squawk Box The Trump administration is considering 11 candidates to replace Federal Reserve Chairman Jerome Powell when his term expires in May, including three that have not previously been publicly named, according to two administration officials who declined […]
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Stocks making the biggest moves premarket: Cava, CoreWeave, Brinker, Hanesbrands and more
Check out the companies making headlines in premarket trading. Cava — The fast-casual restaurant chain plunged 23.6% after revenue came in at $280.6 million for the second quarter, missing the LSEG consensus forecast of $285.6 million. The company also missed expectations for same-store sales and lowered its forecast. However, Cava earned 16 cents per share […]
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How Big Tech is paying its way out of Trump’s tariffs
Apple CEO Tim Cook (R) shakes hands with U.S. President Donald Trump during an event in the Oval Office of the White House on August 6, 2025 in Washington, DC. Win Mcnamee | Getty Images Top tech executives are at the forefront of a recent swathe of unprecedented deals with U.S. President Donald Trump. In […]
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In pictures: ‘Stop Trump’ protesters target JD Vance’s UK summer trip
JD Vance’s U.K. trip has caused a stir, with locals staging a ‘Vance not welcome party’ on Tuesday after the U.S. vice president’s motorcade arrived in the picturesque Cotswolds. “Bullies not welcome here,” read one sign, while another called to “make America moral again.” Other placards mocked the U.S. official more directly, saying “JD Vance’s […]
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