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Donald Trump selects Kevin Hassett to lead National Economic Council

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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

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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'

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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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