business news
Sen. Kelly sues DOD Sec. Hegseth, says he was punished for ‘disfavored political speech’
Sen. Mark Kelly on Monday sued the Pentagon and Secretary of Defense Pete Hegseth, alleging the Trump administration’s efforts to punish the Arizona Democrat for his participation in a video to U.S. troops violate the Constitution. The federal civil lawsuit in U.S. District Court in Washington was filed one week after Hegseth said his department […]
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When Becky Quick announced the CNBC Cures initiative, our effort to raise awareness for rare diseases and improve the lives of the 30 million people living with them, we knew the response would be big. We didn’t know it would be this big. The response has been amazing, overwhelming and humbling. Thank you for your interest — […]
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Wall Street says Trump’s doing all he can to run economy hot going into the midterms. How to trade it
Wall Street is increasingly interpreting President Donald Trump’s economic messaging less as a set of specific policy proposals and more as a broad signal: the White House is prepared to lean hard on growth and affordability ahead of the midterm elections in November. From relentless calls for lower borrowing interest rates to vague talk of […]
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‘Sell America’ trade: Dollar drops, gold surges as Trump’s Fed pressure campaign raises fears about U.S. system
Precious metals are jumping to records. The U.S dollar is dropping. Stocks are choppy. Monday is all about the “Sell America” trade after Federal Reserve Chair Jerome Powell’s bombshell announcement that he’s under criminal investigation — which market participants see as a sign of President Donald Trump’s interest in stripping away the central bank’s political […]
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The Apple-Google AI deal is a massive win for investors in both tech giants
A core pillar of our investment case in Google-owner Alphabet materialized Monday. Fellow Club name Apple selected Google’s AI model, Gemini, to power the artificial intelligence features across Siri and other key products later this year. The multi-year partnership to integrate Gemini into Apple’s foundation models, confirmed in an Apple statement obtained by Jim Cramer, […]
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Greenspan, Bernanke, Yellen and other past officials say Trump using ‘prosecutorial attacks’ to undermine Fed
Former Federal Reserve chairman Ben Bernanke speaks after he was named among three U.S. economists awarded the 2022 Nobel Economics Prize, during a news conference at the Brookings Institution in Washington, October 10, 2022. Ken Cedeno | Reuters A chorus of previous Federal Reserve chairs, Treasury secretaries and prominent economists came together Monday to support […]
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Stocks making the biggest moves midday: Citigroup, Abercrombie, Vistra, Duolingo and more
Check out some of the companies making the biggest moves in midday trading. Bank stocks — The group fell broadly after President Donald Trump called for credit card rates to be capped at 10% for one year . Capital One slid 6%, Synchrony Financial tumbled 8% and Citigroup dropped 3%. Bank of America , Wells […]
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Cuba’s president says no current talks with the U.S. following Trump’s threats
Cuban President Miguel Diaz-Canel and U.S. President Donald Trump. Sergey Bobylev | Nathan Howard | Reuters Cuban President Miguel Díaz-Canel said Monday that his administration is not in talks with the U.S. government, a day after President Donald Trump threatened the Caribbean island in the wake of the U.S. attack on Venezuela. Díaz-Canel posted a […]
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Apple picks Google’s Gemini to run AI-powered Siri coming this year
Apple is joining forces with Google to power its artificial intelligence features for products such as Siri later this year. The multi-year partnership will lean on Google’s Gemini models and cloud technology for future Apple foundational models, according to a statement obtained by CNBC’s Jim Cramer. “After careful evaluation, we determined that Google’s technology provides […]
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Josh Brown: Materials started the year on fire. These ones made our Best Stocks list
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — Welcome to the Late Cycle phase of the bull market. Kind of snuck up on us, huh? Of course, I cannot be absolutely certain of it, but this is my guess […]
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