Breaking News: Investing
Trump wields ‘golden share’ to halt U.S. Steel plant shutdown, WSJ reports
U.S. President Donald Trump speaks in the Oval Office at the White House in Washington, D.C., U.S., Sept. 19, 2025. Ken Cedeno | Reuters The Trump administration stepped in to stop U.S. Steel from idling operations at its Granite City, Ill., plant, exercising new powers tied to the company’s recent takeover, the Wall Street Journal […]
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Big Tech companies, foreign governments scramble after Trump slaps $100,000 annual fee on H-1B visas
U.S. President Donald Trump speaks as he sits next to a “Trump Gold Card” sign, in the Oval Office at the White House in Washington, D.C., U.S., Sept. 19, 2025. Ken Cedeno | Reuters Major technology companies and foreign governments are rushing to respond after President Donald Trump late Friday announced plans to impose a […]
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Wall Street eyeing one big trade after Fed rate cut: Commodities
Commodities could soar after the Federal Reserve’s quarter-point interest rate cut this week, though this will depend on whether the U.S. manages to avoid a recession, according to JPMorgan. “Historically, commodities have generated positive returns both leading up to and following the first Fed cut,” JPMorgan analysts led by Natasha Kaneva told clients in a […]
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SEC to propose rule change on Trump’s call to end quarterly earnings reporting, says Chair Atkins
watch now VIDEO5:1205:12 SEC Chair Paul Atkins: We will propose rule change on Trump’s call to end quarterly reports Squawk Box Paul Atkins, chairman of the U.S. Securities and Exchange Commission, said his agency will propose a rule change following President Donald Trump’s call to switch quarterly earnings reports to a semiannual schedule. “I welcome that posting […]
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New Grayscale ETF holds multiple cryptocurrencies together, combining bitcoin, Solana and others
Grayscale Bitcoin Trust ETF signage on the floor of the New York Stock Exchange in New York, US, on Thursday, Jan. 11, 2024. Michael Nagle | Bloomberg | Getty Images Grayscale Investments has brought a new twist to crypto investing, rolling out the first multi-token exchange-traded product available in the U.S. The Grayscale CoinDesk Crypto […]
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David Tepper says Fed could cut a few more times, but easing too much risks entering ‘danger territory’
watch now VIDEO9:1109:11 David Tepper: Fed could cut a few more times, but easing too much risks entering ‘danger territory’ Squawk Box Hedge fund billionaire David Tepper said the Federal Reserve could cut rates a bit more, but then risks more inflation and other dangers to the economy and markets if the central bank goes further […]
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American Express unveils refreshed Platinum card with $895 annual fee, upping the ante in luxury cards
American Express platinum business card. Courtesy: American Express American Express on Thursday unveiled updates to its flagship credit card amid heightened industry competition over the country’s high spenders. The company said consumer and business versions of its refreshed Platinum card now carry an $895 annual fee, about 29% higher than the current fee of $695. […]
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DoubleLine’s Jeffrey Gundlach believes holding a 25% gold position isn’t excessive
DoubleLine Capital CEO Jeffrey Gundlach is getting so bullish on gold that he is saying investors could hold up to a quarter of their portfolios in the metal, far above what normal portfolio recommendations set for commodities. Gundlach, whose firm managed about $95 billion at the end of 2024, believes gold will continue to stand […]
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Fed forecasts only one rate cut in 2026, a more conservative outlook than expected
Federal Reserve Chairman Jerome Powell talks to reporters following the regular Federal Open Market Committee meetings at the Fed on July 30, 2025 in Washington, DC. Chip Somodevilla | Getty Images The Federal Reserve is projecting only one rate cut in 2026, less than expected, according to its median projection. The central bank’s so-called dot […]
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Bessent quips about his reported threat to punch Pulte in the face: Treasury secretaries ‘have a history of dueling’
watch now VIDEO1:5301:53 Treasury Sec. Bessent on reports of heated clashes: Treasury secretaries ‘have a history of dueling’ Squawk Box Treasury Secretary Scott Bessent brushed off recent reports of heated arguments inside President Donald Trump’s administration, saying disputes were a part of the normal push-and-pull of policymaking. “Treasury secretaries dating back to Alexander Hamilton have […]
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