business news
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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European Central Bank keeps rates on hold in the face of inflation threat
European Union flags flutter on the day European Central Bank (ECB) President Christine Lagarde speaks to reporters following the Governing Council’s monetary policy meeting in Frankfurt, Germany September 12, 2024. Jana Rodenbusch | Reuters The European Central Bank kept interest rates on hold at its April meeting, despite a surge in inflation in the euro […]
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Oil & gas hedges, commodity bull market — 3 investment strategies from the studio
Crude prices are volatile, turning sharply negative in Thursday trade, after Brent crude notched a four-year high on a report that the U.S. military would brief President Donald Trump on potential action against Iran. Investors are also digesting results from four of the Mag 7, with hyperscalers announcing plans to spend hundreds of billions of […]
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More than 20,000 people are taking Eli Lilly’s weight loss pill Foundayo, CEO says
More than 20,000 people have started taking Eli Lilly‘s GLP-1 pill Foundayo in its first few weeks on the market, Lilly CEO Dave Ricks told CNBC on Thursday. The FDA approved Lilly’s once-daily pill Foundayo earlier this month, making it the second oral GLP-1 drug behind Novo Nordisk’s Wegovy pill. Investors have been closely tracking […]
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Trump said his blockade would cause Iran’s oil industry to ‘explode’ this week. Why that won’t happen
Locked in a standoff with Iran that will break only when economic pain is no longer tolerable, President Donald Trump may have to maintain his naval blockade against Iran for weeks — forcing serious economic consequences on the world. Trump said Wednesday that he will keep the U.S. blockade against Iran in place until it […]
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Big Tech earnings, Powell’s decision, Pershing Square IPO and more in Morning Squawk
1. The tech TLDR The Meta corporate logo is featured at the Fira Gran Via booth, highlighting the company’s ”AI-First” hardware ecosystem during the Mobile World Congress. Joan Cros | Nurphoto | Getty Images Four of the Magnificent Seven tech companies released their highly-watched earnings reports last night, largely beating expectations across the board. Still, […]
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Lawyers to the wealthy warn that AI legal advice comes with serious risks
Displeased couple having problems during a meeting with their agent in the office. Skynesher | E+ | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Lawyer Tasha Dickinson said […]
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Stocks making the biggest moves premarket: Meta, Eli Lilly, Caterpillar, Amazon & more
Check out the companies making the biggest moves in premarket trading: Meta Platforms — The Facebook parent dropped 9% after the company hiked its full-year capital expenditures guidance to a range of $125 billion to $145 billion, raising concern over its AI spending. That forecast overshadowed a better-than-expected Q1 report. Eli Lilly — The Zepbound […]
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