Year: 2025
Wall Street banks had a great quarter, and the boom times are just starting
Jonathan Gray, president and chief operating officer of Blackstone Inc., from left, Ron O’Hanley, chief executive officer of State Street Corp., Ted Pick, chief executive officer of Morgan Stanley, Marc Rowan, chief executive officer of Apollo Global Management LLC, and David Solomon, chief executive officer of Goldman Sachs Group Inc., during the Global Financial Leaders’ […]
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American Express to pay $230 million to settle DOJ fraud probe, deceptive marketing claim
Silas Stein | Picture Alliance | Getty Images American Express will pay approximately $230 million to resolve a federal criminal wire fraud investigation and settle allegations of deceptive marketing, the company said Thursday. The total includes more than $138 million as part of a non-prosecution agreement with federal prosecutors in Brooklyn, New York, related to […]
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These are the stocks most at risk from Trump tariffs where they are not priced in
President-elect Donald Trump ‘s tariff plans threaten the outlook for several consumer goods stocks, including a slew of popular apparel and home goods retailers, according to Wolfe Research. Trump’s tariff plans have added to the uncertain sentiment weighing on markets in recent weeks. And the levies could potentially make the Federal Reserve’s job harder this […]
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These names reporting next week have a history of beating earnings expectations
A host of stocks with earnings on deck next week typically beat Wall Street estimates. Roughly 7% of S & P 500 companies have so far reported fourth-quarter results, collectively notching growth of about 61%. When all is said and done, earnings are forecast to grow by about 12% in the fourth quarter. On Wednesday, […]
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Small-cap crypto rallies ahead of Trump inauguration, bitcoin trades near $100,000
Jakub Porzycki | Nurphoto | Getty Images Cryptocurrencies jumped on Thursday as investor appetite shifted to smaller, higher risk coins ahead of President-elect Donald Trump’s inauguration. XRP and litecoin were among the biggest movers, up 13% and 22%, respectively, according to Coin Metrics. The CoinDesk 20 index, a broad crypto market benchmark, gained nearly 5%. Meanwhile, […]
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Fed Governor Waller sees potential for multiple interest rate cuts in 2025
Key Points Fed Governor Christopher Waller told CNBC on Thursday that the central bank could lower interest rates multiple times this year if inflation eases as he is expecting. “As long as the data comes in good on inflation or continues on that path, then I can certainly see rate cuts happening sooner than maybe […]
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FDA officially authorizes Zyn nicotine pouches for sale following health review
Zyn nicotine cases and pouches are seen on a table in New York City on Jan. 29, 2024. Michael M. Santiago | Getty Images The U.S. Food and Drug Administration formally authorized Zyn nicotine pouches for sale after conducting an “extensive scientific review” about their safety. In a release Thursday, the agency said it had found the popular […]
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Stocks making the biggest moves midday: UnitedHealth, First Solar, Morgan Stanley, Taiwan Semiconductor and more
Check out the companies making headlines in midday trading. Netflix — The streamer added 1% on the back of Seaport’s upgrade to buy from neutral. The firm put out its call ahead of the company’s earnings report next week. UnitedHealth Group — The stock shed more than 4% after UnitedHealth’s fourth-quarter revenue missed analysts’ expectations. […]
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CNBC’s Inside India newsletter: Could Musk make it worse for India?
Indian Prime Minister Narendra Modi meets with Elon Musk in the U.S. on June 20, 2023. Indian Press Information Bureau | Anadolu Agency | Getty Images This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its […]
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These Republicans are ready to derail Trump’s tax cuts over the SALT cap
WASHINGTON — An influential group of five House Republicans from high-tax states is threatening to hold up a major tax package that is a top priority for President-elect Donald Trump unless they get a significant boost to the amount that their constituents can deduct from federal income taxes to reflect state and local taxes already […]
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