business news
California gas prices hit $6 per gallon as fuel costs jump nearly 30 cents in a week across the U.S.
Gas prices are displayed at a Mobil gas station as the moon rises on March 30, 2026 in Pasadena, California. Mario Tama | Getty Images California gasoline prices hit $6 per gallon on Thursday, a 30% increase since the U.S. and Israel launched the war against Iran in late February. Drivers in California are paying […]
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Jim Cramer says Amazon going up another 15% and ‘not stopping’ there
CNBC’s Jim Cramer said he’s bullish on Amazon after the company delivered one of the two best earnings reports he’s “ever seen.” “Amazon’s going to $300 , it’s not stopping here,” Cramer said on ” Squawk on the Street ” on Thursday, the day after a solid quarter. “Every single analyst has a target north […]
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Bank of England faces the ‘most difficult combination,’ says governor Bailey as energy prices soar
Bank of England Governor Andrew Bailey attends the central bank’s Monetary Policy Report press conference at the Bank of England, in the City of London, on May 8, 2025. Carlos Jasso | Afp | Getty Images Bank of England policymakers must contend with the “most difficult combination” of economic effects, according to governor Andrew Bailey, […]
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Jim Cramer sees these 2 stocks as buys after a busy night of Big Tech earnings
Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. 1. It’s the final day of April, and even though stocks were flat to down in Thursday’s session, the S & P 500 is still on pace for a banner […]
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FDA proposes excluding Novo, Lilly weight loss drugs from bulk compounding list in win for the companies
The headquarters of the U.S. Food and Drug Administration in Silver Spring, Maryland, Nov. 4, 2009. Jason Reed | Reuters The Food and Drug Administration on Thursday proposed excluding the active ingredients in Novo Nordisk and Eli Lilly‘s blockbuster obesity and diabetes medications from the list of drugs that outsourcing facilities can use for compounding […]
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Meta tanks 10%, Alphabet climbs 5% as each company raises capex spend
Mark Zuckerberg, CEO of Meta Platforms. David Paul Morris | Bloomberg | Getty Images Alphabet‘s stock surged more than 5% on Thursday, while Meta shares plunged 10%, as investors digested first-quarter earnings results, which included plans to up the ante on artificial intelligence spending. It is pacing to be Meta’s worst day since October 2025 […]
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Core inflation rate hit 3.2% in March as first-quarter growth disappointed at 2%
Consumers faced escalating prices in March as the Iran war sent oil soaring and created a new level of challenges for the Federal Reserve, according to a batch of reports Thursday that showed economic growth slower than expected and a generational low in layoffs. The core personal consumption expenditures price index, which excludes food and […]
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Republicans could still win the House in the 2026 midterm election: Scalise
Representative Steve Scalise, a Republican from Louisiana, during a news conference at the US Capitol in Washington, DC, US, on Monday, Nov. 3, 2025. Aaron Schwartz | Bloomberg | Getty Images House Majority Leader Steve Scalise said Thursday that Republicans could still win a majority in the 2026 midterm elections despite the party’s intense headwinds […]
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Boaz Weinstein’s activist investor Saba seizes control of UK tech fund after bitter SpaceX feud
Saba Capital, the activist hedge fund led by Boaz Weinstein, has won a dramatic victory in its long-running campaign against the board of Edinburgh Worldwide Investment Trust. Shareholders in Edinburgh Worldwide voted Thursday for Saba Capital’s plan to oust EWIT chair Jonathan Simpson-Dent — and five other board members — and to install three Saba-backed […]
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Gemini sets sights on derivatives expansion after winning key U.S. regulatory approval
Gemini Co-founders Tyler Winklevoss and Cameron Winklevoss attend the company’s IPO at the Nasdaq MarketSite in New York City, U.S., Sept. 12, 2025. Jeenah Moon | Reuters Gemini Space Station won approval from the U.S. Commodity Futures Trading Commission to operate its own regulated derivatives clearinghouse, a move that gives the crypto exchange a deeper […]
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