Donald Trump selects Kevin Hassett to lead National Economic Council

The appointment came as Donald Trump renewed his vow to raise tariffs on imports from China, Mexico and Canada.

Published: 2024-11-27 02:14:51

Dell shares fall on light forecast despite growing AI sales

Dell is a top vendor for computers required to develop and deploy artificial intelligence, especially computers based around Nvidia chips.

Published: 2024-11-27 00:12:20

Jim Cramer defends cryptocurrency support: 'National debt worries are never going to go away'

CNBC's Jim Cramer on Tuesday defended his stance on cryptocurrency.

Published: 2024-11-27 00:30:20

Oil watchers say inflation risks will stave off Trump's Canada tariff threat

Higher fuel prices are on the cards if President-elect Donald Trump implements tariffs on Canada, said industry experts.

Published: 2024-11-27 09:46:40

Israel-Hezbollah permanent ceasefire has been accepted, Biden says

Israel and Lebanon have agreed to a permanent ceasefire in cross-border hostilities between the Jewish state and Hezbollah militants.

Published: 2024-11-26 22:22:05

Fed officials see interest rate cuts ahead, but only 'gradually,' meeting minutes show

Federal Reserve officials expressed confidence that inflation is easing and the labor market is strong, allowing for further interest rate cuts albeit at a gradual pace.

Published: 2024-11-27 10:20:47

Renters struggle to build wealth, report finds. Here's how they can boost financial well-being

Renters typically have a much smaller net worth compared with homeowners in the U.S. Yet, there are ways for tenants to build wealth as they rent.

Published: 2024-11-26 21:40:29

'Europe's Detroit' built a thriving car industry. Trump tariffs now threaten to unravel its success

A small landlocked country in the heart of Europe appears to be uniquely exposed to President-elect Donald Trump's "America First" economic agenda.

Published: 2024-11-27 06:24:04

France's far right propped up the weak government. It could now bring it crashing down

France's government is hanging by a thread as the far-right National Rally party threatens to bring down Prime Minister Michel Barnier's administration.

Published: 2024-11-27 08:15:39

Workday stock slips on light quarterly forecast

Workday called for a 25% adjusted operating margin in the current quarter, below Wall Street's estimate of 25.5%.

Published: 2024-11-26 23:06:46

Nordstrom tops Wall Street’s earnings expectations, as shoppers buy more clothes and shoes

The retailer's sales growth is notable at a time when discretionary merchandise and the luxury sector have been under pressure.

Published: 2024-11-26 22:33:27

CrowdStrike's post-earnings stock drop is a buy. Here's why sellers have it all wrong

The stock drop plays right into our hands.

Published: 2024-11-27 01:29:47

The shipping industry is wrestling with one of its biggest challenges — seafarer shortages

The shipping industry is contending with a shortage of seafarers, and it's fueling a troubling mix of fake resumes, accidents at sea, and higher freight rates.

Published: 2024-11-27 06:44:18

This startup makes thrifting furniture far easier, even for big retailers like Pottery Barn

The New York-based startup AptDeco is an online marketplace for buying and selling used furniture that provides pick-up and delivery for items.

Published: 2024-11-26 19:26:11

OpenAI gets new $1.5 billion investment from SoftBank, allowing employees to sell shares in a tender offer

OpenAI on Tuesday introduced a new $1.5 billion tender offer, a continuation of its recent $6.6 billion funding round, led by SoftBank, CNBC has learned.

Published: 2024-11-27 05:31:01

China's industrial profits fall by 10% in October as deflation worries linger

Industrial profits are a key gauge of the financial health of factories, mines and utilities in China.

Published: 2024-11-27 05:17:53

Reddit targets international users for ad growth, teases bolstered search feature

Reddit is ramping up efforts to attract more users outside of the U.S., with countries like India and Brazil in focus, a top company executive told CNBC.

Published: 2024-11-27 07:16:54

Samsung Electronics appoints co-CEO in leadership shuffle focused on chip divisions; shares drop

Samsung Electronics announced a change in leadership for its memory and foundry chip divisions.

Published: 2024-11-27 05:10:34

Pharma giant Sanofi opens $595 million vaccine facility in Singapore to prepare for potential pandemics

It will contribute about 200 skilled jobs to the city-state, and will be fully operational by mid-2026.

Published: 2024-11-27 11:39:29

Trump vows an additional 10% tariff on China, 25% tariffs on Canada and Mexico

The president-elect plans to raise tariffs by an additional 10% on all Chinese goods coming into the U.S., according to a post on his social media platform Truth Social.

Published: 2024-11-26 16:30:22

Databricks closes in on multibillion funding round at $55 billion valuation to help employees cash out

Databricks is raising at least $5 billion in cash — though it could raise as much as $8 billion — pegging its new valuation at $55 billion, sources say.

Published: 2024-11-27 00:25:54

Senate report slams airlines for raking in billions in seat fees

The Senate panel is calling airline executives to testify next week about their carriers' fees.

Published: 2024-11-26 16:46:23

Amgen says obesity drug caused up to 20% weight loss after a year, with no plateau

The results shed light on how MariTide may measure up to weight loss injections from Novo Nordisk and Eli Lilly and other experimental treatments.

Published: 2024-11-26 20:57:40

Intel and Commerce Department finalize $7.9 billion CHIPS Act grant

The struggling chipmaker has cut jobs and pared back expansion plans as it grapples with its worst downturn ever, making the CHIPS Act money a welcome boost.

Published: 2024-11-26 17:08:10

Healthy Returns: Trump’s FDA pick Makary may be a relief for biotech and pharma, analysts say

Trump's FDA pick, Marty Makary, appears to be quelling fears about a major disruption to biotech and pharma. Neuralink approved for new studies, company says.

Published: 2024-11-26 19:39:46

How President-elect Donald Trump's policies may affect investors in these 8 market sectors

President-elect Donald Trump's agenda carries risks and rewards for various investment sectors, market experts said.

Published: 2024-11-26 19:22:18

Trump's proposed tariff increases would boost inflation by nearly 1%, Goldman Sachs estimates

The proposed tariffs on China, Canada and Mexico could raise prices for United States consumers, according to Goldman.

Published: 2024-11-26 18:32:33

Here's how to maximize your tax breaks for charitable giving

If you're making a gift to charity on Giving Tuesday or over the holiday season, there are ways to maximize your tax break. Here's what to know before donating.

Published: 2024-11-26 19:42:03

Proposed law aims to help Americans save more for retirement—but could end up hurting Gen Z, millennial workers

Lawmakers have proposed a federal retirement savings plan akin to a 401(k). Researchers say the law could hurt a majority of American workers.

Published: 2024-11-26 17:29:32

Automaker shares fall as Trump threatens 25% tariff on Mexico and Canada

Automakers like General Motors and Stellantis have major production presences in Mexico and could take a hit from tariffs.

Published: 2024-11-26 21:57:13

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