Asiavision | E+ | Getty Images Collectively, Americans now owe a record $1.21 trillion on their credit cards, according to a new quarterly report on household debt from the Federal Reserve Bank of New York. Credit card balances jumped by $45 billion in the fourth quarter of 2024, driven in part by holiday spending, and … Read more

Robinhood’s fourth-quarter explosion in crypto revenue could signal strong results are in store Coinbase , according to Needham. Robinhood, the stock and crypto brokerage, posted record profit for the fourth quarter thanks to a surge in trading activity during the postelection rally. Within its transaction-based revenue, the company posted a 700% year-over-year spike in revenue … Read more

Before the election, I highlighted the continued inflationary pressure the policies of either candidate might introduce, possibly hampering hopes for rates to decline to the historically low levels consumers, investors, and home buyers enjoyed between 2008 and 2023. Many may have begun to feel those levels were “normal,” yet they are well below the longer-term … Read more

These are the stocks posting the largest moves in midday trading.

The Trump administration has already begun carrying out its plans to close parts or all of the Department of Education, which is responsible for underwriting student loans, disbursing college aid and ensuring equal access to education. President Donald Trump campaigned on a pledge to “find and remove the radicals who have infiltrated the federal Department of Education,” and suggested … Read more

The S & P 500 has enjoyed two consecutive years of 20% gains, but don’t expect that to happen again for a third year, according to Wells Fargo. “Three-peats” are a rare occurrence for the stock market, wrote Scott Wren, senior global market strategist at the Wells Fargo Investment Institute. In data going back to … Read more

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. Stocks opened higher Thursday, shrugging off the hotter-than-expected producer price data . January’s PPI rose 0.4%, slightly above the 0.3% estimate, following an already strong consumer price report Wednesday. … Read more

President Donald Trump welcomes South Korea’s President Moon Jae-In at the White House in Washington, U.S., May 22, 2018. Carlos Barria | Reuters DETROIT — As President Donald Trump threatens to further increase tariffs on U.S. trading partners, the greatest impact for the auto industry outside of North America would be additional levies to South … Read more

The GOP-controlled Senate voted Thursday to confirm Robert F. Kennedy Jr., a longtime anti-vaccine activist, to lead the country’s most powerful health care agency.  Kennedy was confirmed as health and human services secretary on a mostly party-line vote of 52-48. Sen. Mitch McConnell, R-Ky., broke ranks on yet another of President Donald Trump’s Cabinet nominees, … Read more

Trade tensions around the world are escalating, and Jefferies warned that some stocks could be hit particularly hard. The White House said President Donald Trump said in a post on Truth Social that the U.S. would impose reciprocal tariffs on goods from countries with levies on American products. This comes after he announced tariffs on … Read more