Jerome Powell, chairman of the US Federal Reserve, right, speaks during the New York Times DealBook Summit at Jazz at Lincoln Center in New York, US, on Wednesday, Dec. 4, 2024. Yuki Iwamura | Bloomberg | Getty Images NEW YORK — Federal Reserve Chair Jerome Powell said Wednesday he isn’t worried that President-elect Donald Trump … Read more
Vlad Tenev, chief executive officer of Robinhood Markets Inc., during a Bloomberg Television interview in London, UK, on Tuesday, Nov. 29, 2023. Jose Sarmento Matos | Bloomberg | Getty Images Robinhood CEO Vlad Tenev said Wednesday that brokerage firm is considering expanding into sports betting in some way. “We’re keenly looking into that space. Nothing … Read more
France’s Prime Minister Michel Barnier (C) looks on during a session of questions to the government at The National Assembly in Paris, on December 3, 2024. Julien De Rosa | Afp | Getty Images The French government has been toppled in a vote of no confidence Wednesday, plunging the euro zone’s second-largest economy into a … Read more
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: The S & P 500 is on track for its fourth straight session of gains, extending its run to record highs. Earnings are the main … Read more
New trial data has cemented Club holding Eli Lilly ‘s pole position in the highly competitive obesity drug race. The news Eli Lilly’s obesity drug Zepbound bested its main rival Wegovy — made by Denmark’s Novo Nordisk — in the first head-to-head trial comparing the fast-growing weight loss treatments. Patients on Zepound lost an average … Read more
There’s ongoing debate in the nation’s capital about whether President Trump’s legislative priorities, and tax cuts in particular, should be split up into multiple bills next year, but Republican House Way and Means Committee Chairman Jason Smith tells CNBC to expect one big bill next year, and that his margin for getting it passed will … Read more
[The stream is slated to start at 1:40 om ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell speaks Wednesday at the New York Times DealBook conference. The appearances comes two weeks ahead of when the central bank will announce its decision on … 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 Wednesday’s key moments. 1. Stocks rose Wednesday, with the S & P 500 and Nasdaq hitting fresh record highs in the session. The Dow Jones Industrial Average, meanwhile, also traded higher. The market … Read more
Sam Altman, co-founder and C.E.O. of OpenAI, speaks during the New York Times annual DealBook summit at Jazz at Lincoln Center on December 04, 2024 in New York City. Michael M. Santiago | Getty Images After months of C-suite changes, tender offers and a soaring valuation, OpenAI has reached a new milestone: 300 million weekly … Read more
Check out the companies making headlines in midday trading. JetBlue Airways — The airline said it sees a smaller decline in its full-year revenue guidance than it originally expected, according to a regulatory filing . Higher-than-anticipated bookings in November and December resulted in JetBlue boosting its forecast. Shares surged 8%. Roku — Shares jumped 11% … Read more