Economy
How the world’s 240,000 crypto millionaires are spending their fortunes
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. The price surge in bitcoin helped created another 70,000 new crypto millionaires over the past year, adding hundreds of billions of dollars in […]
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Trump’s Fed chair candidates list narrowed down to five by Bessent after interviews, sources say
Key Points The list of candidates for Fed chair is down to five from 11 after a series of interviews with Treasury Secretary Scott Bessent, according to sources. The remaining list of candidates includes Fed Vice Chair for Supervision Michelle Bowman, Fed Governor Christopher Waller — along with Kevin Hassett, the director of the National […]
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Stocks making the biggest moves midday: Oracle, Ferrari, Delta, Albemarle and more
Check out the companies making the biggest moves in midday trading: Oracle — Shares of the software company rose more than 3% on Thursday after Baird initiated coverage with a outperform rating and a $365 price taget. The firm said Oracle has a strong position in the artificial intelligence growth story. The stock has had […]
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Senate to vote seventh time to end government shutdown, with little hope of passage
U.S. Senate Majority Leader John Thune (R-SD) holds a copy of the Continuing Appropriations and Extensions Act as he speaks during a press conference, accompanied by Speaker of the House Mike Johnson (R-LA) and other fellow Republicans, on the first day of a partial government shutdown, at the U.S. Capitol, in Washington, D.C., U.S., October […]
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Stocks making the biggest moves premarket: Ferrari, PepsiCo, Delta, Akero Therapeutics and more
Check out the companies making the biggest moves in premarket trading: Ferrari — The luxury carmaker tumbled nearly 14% after it trimmed its electrification targets . Ferrari said it expects its 2030 sports car model line-up to be made up of 40% internal combustion engine cars, 40% hybrid and 20% fully electric vehicles. That’s down […]
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Divided Fed officials saw another two interest rate cuts by the end of 2025, minutes show
watch now VIDEO3:1603:16 Fed minutes: Most participants say it would be appropriate to ease further to end the year Power Lunch Federal Reserve officials in September were strongly inclined to lower interest rates, with the only dispute seeming to be over how many cuts were coming, meeting minutes released Wednesday showed. The meeting summary indicated […]
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Stocks making the biggest moves midday: TopBuild, Confluent, Alcoa, Viasat, Joby Aviation and others
Check out the companies making the biggest moves midday: TopBuild — The insulation installer rallied almost 8% after agreeing to buy Specialty Products and Insulation for $1 billion in cash . “The addition of SPI’s resources and capabilities further enhances our customer value proposition while its complementary fabrication footprint strengthens and expands our presence across […]
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Stocks making the biggest moves premarket: AST SpaceMobile, Joby, Trilogy Metals, Rocket Lab and more
Check out the companies making headlines in premarket trading. Joby Aviation — Shares of the electric air taxi maker plunged 11% after the company announced the pricing of a previously announced stock offering. Joby will sell 30,500,000 common shares for $16.85 each, translating to gross proceeds of around $513.9 million. AST SpaceMobile — Shares surged […]
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September, typical boom month for shipping, looks more like freight recession this year
Lorado | E+ | Getty Images September, a key month for shipping ahead of the holiday season, is usually a boom one inside the freight business and supply chain, with products moving from warehouses to stores or consumers. Not this year. The latest Logistics Managers’ Index, which tracks inventory levels, warehouse costs, transportation capacity, and […]
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Stocks making the biggest moves midday: Oracle, Figma, Trilogy Metals, Ford and more
Check out the companies making headlines in midday trading: Oracle — The software giant fell more than 5%, leading a reversal in tech stocks, after The Information reported its margins on its cloud business are weaker than analysts currently estimate and that it is losing money on some of its Nvidia chip deals. Figma — […]
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