News

Trump backs further away from firing Powell: 'He's going to be out pretty soon anyway'

The president has accused Powell of being political and nicknamed him "too late" when it came time to adjusting interest rates.

Bessent says Powell doesn't need to resign but should conduct internal review

There have been no indications from Powell that he plans to step down despite a barrage of criticism from the Trump administration.

Warren Buffett knocks down reports that Berkshire's BNSF taps Goldman for a railroad takeover

The 94-year-old billionaire investor told CNBC's Becky Quick on the phone that no one from Goldman had talked to him or Greg Abel.

Credit card startup Imprint beats big banks for Rakuten co-brand deal

There is a new player making waves in an industry dominated by big banks. Imprint is a five year old startup taking on industry giants.

Astronomer CEO's ‘kiss cam’ controversy sparked over $7 million in prediction markets bets on his ouster

The controversy triggered $2.4 million in total trading volumes on Kalshi, marking one of the most traded cultural events on prediction markets.

JPMorgan Chase overhauls quantum computing leadership, poaches State Street executive

Quantum computing has the potential for huge advances over traditional computing and may have applications in finance, drug development and materials science.

Unraveling the legal, economic and market ramifications if Trump tries to fire Fed Chair Powell

The tempestuous situation poses myriad thorny questions for which there are no easy answers.

Block shares soar 10% on entry into S&P 500

Block is joining the S&P 500, replacing Hess as of July 23.

Rich American Express customers continue to spend freely, with one exception

American Express said Friday that travel spending in the quarter was weaker than transactions for goods and services.

Banks are thriving so far in Trump’s economy. Here's what that means for markets and the consumer

Banks are giving the all-clear signal on the U.S. economy during the turbulent opening months of the second Trump presidency.

Crypto theft is booming as criminals increasingly turn to physical attacks

It comes as there have been multiple headlines this year about crypto entrepreneurs and their relatives being targeted with physical violence.

Jensen Huang woos Beijing as Nvidia finds a way back into China

Wearing his iconic leather jacket, Huang walked into the sunny courtyard of the Mandarin Oriental hotel earlier than scheduled and took multiple questions.
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