Fed Governor Philip Jefferson named as new vice chair to realize success Lael Brainard

Critical Points

President Joe Biden explained Friday he will nominate Philip Jefferson to provide as the central bank’s vice chairman.
He also intends to nominate Adriana Kugler for a vacant governor’s seat and Lisa Cook dinner for a different expression as governor

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Finance

Stocks making the biggest moves midday: Albertsons, Nova Minerals, Wells Fargo, Polaris & more

October 14, 2025

Check out the companies making the biggest moves midday: Nova Minerals — The miner soared 83%, on pace for its best day ever, after it said the Australian ambassador to the U.S. approached the company regarding its Estelle Gold and Critical Minerals Project in Alaska. “This briefing is in preparation for the upcoming meeting between […]

Finance

Watch Fed Chair Powell speak live on policy at the NABE conference in Philadelphia

October 14, 2025

[The stream is slated to start at 12:20 a.m. ET. CNBC Television will start the stream when the event begins. Please refresh the page if you do not see a player above.] Federal Reserve Chair Jerome Powell delivers the keynote speech Tuesday at the National Association for Business Economics conference in Philadelphia. Markets are looking […]

Finance

Jamie Dimon says auto company bankruptcies reveal ‘early signs’ of excess in corporate lending

October 14, 2025

Key Points JPMorgan Chase CEO Jamie Dimon said Tuesday that bankruptcies in the U.S. auto market are a sign that lending standards grew too lax in the past decade-plus. Dimon, the longtime leader of the largest U.S. bank by assets, was speaking about the recent collapse of auto parts firm First Brands and subprime car […]