News

EV sales soar as Trump axes $7,500 tax credit: 'People are rushing out' to buy, analyst says

Consumers are acting ahead of a fast-approaching Sept. 30 deadline to claim the tax break for electric vehicles.

How dealmaking king Goldman Sachs aims to dominate another corner of Wall Street

In a new interview with CNBC, a Goldman executive breaks down a key area of growth for the banking behemoth and more.

Bank of England chief says no rift with UK government as Revolut licence delay draws scrutiny

Bank of England Governor Andrew Bailey denied that relations between the central bank and government had soured over delays to Revolut's bank license.

Record-setting market: Using ETFs to help avoid hefty tax bills

A major exchange-traded fund provider is getting ready to launch a fund designed to ease investors' tax burdens.

Imposter scams cost older adults $700 million in 2024, FTC finds: Some victims are ‘clearing out' their 401(k)s

Americans age 60 and older are increasingly reporting being victims of imposter scams, sometimes losing their life savings.

Trump to nominate economic advisor Stephen Miran to be new Fed governor, replacing Kugler

Trump on Thursday announced he has selected Stephen Miran, chair of the Council of Economic Advisors, to serve on the central bank.

Prediction markets have a new favorite for the next Fed chair — Christopher Waller

Waller's chance on Kalshi has exceeded the previous front-runners, former Fed official Kevin Warsh and current National Economic Council Director Kevin Hassett.

Trump order will allow alternative assets like cryptocurrencies, private equity in 401(k)s

The executive order will direct the U.S. Secretary of Labor to review fiduciary guidance on private market investments in 401(k) and other defined-contribution plans that are governed by ERISA.

Trump faces a variety of choices as he seeks to fill Fed vacancies

Fed Governor Adriana Kugler's surprise resignation last week brought back a scenario that seemed to be fading.

Opendoor tanks after earnings as CEO thanks new investors for 'increased visibility'

Opendoor shares soared 245% in July and got off to a hot start in August as retail investors poured into the online real estate company.

Op-Ed: The 'Advisory Firm of 1' — AI will change how your wealth is managed

Dr. Vinay Nair is the founder and CEO of TIFIN, a fintech platform using AI to build products for the wealth, insurance and asset management industries.

Prediction markets see Hassett and Warsh as Fed chair frontrunners as Trump talks up the 'Kevins'

In a wide-ranging interview on CNBC's "Squawk Box," Trump spoke highly of Hassett and Warsh as potential candidates to replace Powell.
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