business news
Abercrombie & Fitch shares plunge 17% as retailer cuts its holiday guidance
Some retailers provided early holiday results on Monday that showed the crucial shopping season was solid, but didn’t blow away expectations. Lululemon, which is preparing for a new CEO and staring down a proxy battle with its founder, said in a release it expects its holiday quarter to be “toward the high end” of its […]
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DOJ probe into Fed chair Powell is ‘Maduro’ warning from Trump, analyst says
Key Points U.S. stock futures fell on Monday after the Federal Reserve revealed the DoJ had opened an investigation into its chair, Jerome Powell. The probe raises questions over the central bank’s independence from Donald Trump’s White House and concerns over the credibility of Powell’s successor. One analyst told CNBC that the probe was Trump […]
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Meta urges Australia to rethink under-16 social media ban after blocking over 500,000 accounts
Australia blocked teens from using social media in December in a new regulation. George Chan | Getty Images News | Getty Images Meta has issued new pleas to the Australian government to reconsider its recently enforced social media ban for under 16s, after the tech giant blocked over half a million accounts on its platforms […]
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Powell’s criminal investigation, Google’s AI shopping push, Boeing deliveries and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Monday. I find myself at an impasse trying to decide what to write in this intro. As someone who’s committed to their skincare routine, I should write about this story on the latest men’s beauty trend. But as a Michigan native, […]
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Stocks making the biggest moves premarket: Capital One, Affirm, Walmart, Akamai, Sun Country & more
Check out the companies making the biggest moves before the bell: Bank stocks — The group fell broadly after President Donald Trump called for credit card rates to be capped at 10% for one year . Citigroup dropped 4%, while Capital One slid nearly 10%. Bank of America , Wells Fargo and JPMorgan Chase were […]
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JPMorgan’s looming question: What happens when CEO Jamie Dimon leaves?
As Wall Street’s top bankers huddled in New York last month, preparing to convince Elon Musk’s SpaceX that they should be chosen to lead its upcoming IPO, one firm wasn’t letting its star advisor miss the bake-off. Among the squad of JPMorgan Chase investment bankers flying 2,500 miles west to California to pitch SpaceX was […]
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Jersey Mike’s strikes European expansion deal led by founder Peter Cancro
Jersey Mike’s Subs is taking its signature sandwiches overseas with its first European expansion set for this year, the company said Monday. Leading the push is the brand’s founder and board chair, Peter Cancro, via his company, JM Submarines UK LTD. The deal between Jersey Mike’s and Cancro’s entity calls for 400 stores to be […]
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India inflation accelerates to 1.33% in December, driven by higher food prices
A shopkeeper arranges Santa Claus decorative items displayed at a market ahead of the Christmas celebrations in Srinagar, Jammu and Kashmir, on December 9, 2025. (Photo by Firdous Nazir/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images India’s consumer inflation rose to 1.33% in December accelerating from 0.71% in the prior month. The headline […]
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Trump threatens to sideline Exxon from Venezuela’s oil: ‘They’re playing too cute’
Darren Woods, chairman and chief executive officer Exxon Mobil Corp., during a meeting with oil executives in the East Room of the White House in Washington, DC, US, on Friday, Jan. 9, 2026. Bloomberg | Bloomberg | Getty Images U.S. President Donald Trump threatened to sideline Exxon Mobil from Venezuela’s energy market, saying he didn’t […]
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Banks including Citi, JPMorgan slide after Trump calls for credit card interest rate limit
Banks and financial services stocks slid Monday after U.S. President Donald Trump called for a one-year cap on credit card interest rates at 10%. Citi Group lost almost 4% in premarket trading and JPMorgan Chase was down 3%. Bank of America fell 2.45%, Visa declined 1.58%, and Mastercard was 2% in the red. Broader finance names […]
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