News

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.

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.

How President-elect Donald Trump may impact investors in these 8 market sectors

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

Banco BPM says UniCredit's 'unusual' $10.5 billion takeover offer does not reflect its profitability

UniCredit offered to snap up Banco BPM for roughly $10.5 billion on Monday.

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

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

Warren Buffett speaks out against creating family wealth dynasties, gives away another $1.1 billion

"I've never wished to create a dynasty or pursue any plan that extended beyond the children," Buffett wrote in a lengthy letter Monday.

UniCredit offers to buy rival Italian lender Banco BPM for $10.5 billion

Italian lender UniCredit says its offer for domestic rival Banco BPM is separate from its pursuit of German bank Commerzbank.

Bitcoin vs. gold: State Street worries the crypto rally's allure is distracting precious metal investors

State Street Global Advisors' George Milling-Stanley warns cryptocurrency plays do not offer the stability of gold.

Top 10 S&P 500 stock winners since Election Day

Policy stances from the incoming Trump administration, bullish quarterly earnings and an "Elon Musk premium" led to lofty stock returns, experts said.

'I have no money': Thousands of Americans see their savings vanish in Synapse fintech crisis

CNBC spoke to a dozen customers caught in the Synapse fintech predicament, people who are owed sums ranging from $7,000 to well over $200,000.

The founder of the biggest gold ETF is still bullish 20 years later

State Street's chief gold strategist reflects on how his gold-tracking ETF has changed the commodity investing landscape over the last two decades.

Citadel's Ken Griffin says Trump's tariffs could lead to crony capitalism

"I am gravely concerned that the rise of tariffs puts us on a slippery slope towards crony capitalism," the billionaire investor said.
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