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Asia-Pacific markets mostly higher as investors await China inflation data, Fed decision
Asia-Pacific markets traded mostly higher on Wednesday as investors await inflation data coming out of China later in the day, as well as the Fed decision.
CNBC
54 minutes ago
UK spending half an hour longer online than in pandemic, says Ofcom
The survey found people in the UK spent on average four hours and 30 minutes online every day in 2025
Bbc.com
1 hour ago
Jim Cramer rejects Wall Street doubts about Nvidia, Apple and Warner Bros. Discovery
CNBC's Jim Cramer on Tuesday told investors that it can be worthwhile to put trust in a good stock.
CNBC
1 hour ago
Watch: Trump delivers speech on the economy in Pennsylvania as cost concerns grow
The Pennsylvania trip marks a return to the sort of voter outreach that defined Trump's political campaigns, but has grown rarer during his second term so far.
CNBC
2 hours ago
Bottles of Disaronno recalled over possible glass presence
It is believed the contamination may have happened due to an "anomaly on the bottle line", according to the recall notice.
Bbc.com
2 hours ago
Hassett likely next Fed chair, but most think Trump should nominate someone else, CNBC Fed survey shows
The December survey shows 84% believe President Trump will tap Hassett, director of the National Economic Council, to head the central bank.
CNBC
2 hours ago
Hinge founder leaves CEO role to launch AI-powered dating startup
Hinge founder Justin McLeod is stepping down as CEO to launch an AI-powered dating service called Overtone.
CNBC
2 hours ago
UK’s higher borrowing costs compared with major countries ‘may be coming to an end’
Thinktank says Rachel Reeves’s budget had started to assure bond markets about fiscal approachRachel Reeves’s test from the bond markets starts nowThe “premium” that the UK pays to borrow money compared with its international peers may be coming to an end as markets grow more confident about the government’s plans, a thinktank has suggested.The Institute for Public Policy Research (IPPR) said that the chancellor Rachel Reeves’s announcement in the autumn budget that she would be more than doubling the UK’s financial headroom by 2030 from £9.9bn to £22bn had begun to assure bond markets about Labour’s fiscal approach. Continue reading...
The Guardian
2 hours ago
Rachel Reeves’s test from the bond markets starts now
UK gilt yields may have dropped a bit relative to other major countries, but it’s not at all clear that the fall with continueUK’s higher borrowing costs compared with major countries ‘may be coming to an end’Good news for Rachel Reeves: the cost of government borrowing has fallen a bit relative to the US and eurozone countries. Better news: the chancellor may have something to do with it. Better still: some economists think there’s more to come.Let’s not get carried away, though. The UK is still paying a painful premium on its borrowing costs, as the Institute for Public Policy Research thinktank illustrates. Since last year’s general election the yield on 10-year government gilts is up almost 70 basis points – or seven-tenths of 1% – compared with US Treasury bonds, and the increase versus the eurozone is almost 25 basis points. The gaps are wider for 30-year bonds and the consequences are real. IPPR calculates that if the premium could be reduced to zero, the Treasury would save as much as £7bn a year until 2029-30. Continue reading...
The Guardian
2 hours ago
FDA approves Merck drug for decimated U.S. cattle herds to stop screwworm
There's hope for U.S. cattle ranchers in the battle to stop the spread of screwworm at a time of decimated herds with the FDA approving a new Merck treatment.
CNBC
3 hours ago
Apple gets a big price target hike, and Wells Fargo plants a big dealmaking flag
Citigroup raises its price target on Apple stock. Wells Fargo wants to become a top player in Wall Street dealmaking.
CNBC
3 hours ago
There's a growing ambition gap between men and women at work, says new report—here's why
Experts say companies are rolling back their commitments to women's career advancement, which is leading to an ambition gap.
CNBC
3 hours ago
Trump's blessing of Nvidia AI chip sales to China gets a chilly reception from GOP
Trump said Chinese President Xi Jinping "responded positively" to the proposal to let Nvidia sell H200 AI chips on condition that the U.S. gets 25% of revenue.
CNBC
3 hours ago
OpenAI hires Slack CEO Denise Dresser to lead global revenue strategy
Dresser was named Slack's chief executive in 2023 after spending more than a decade at Salesforce.
CNBC
4 hours ago
Eli Lilly to build $6 billion manufacturing plant in Alabama to help make upcoming obesity pill, other drugs
That added production capacity for Eli Lilly's obesity pill, orforglipron, is crucial as the company races to file for its approval.
CNBC
4 hours ago
Teachers' union AFT slams crypto market bill, warns of 'profound risks' for America's retirement plans
American Federation of Teachers is urging senators to reconsider its crypto market structure bill which the union says will put Americans' retirement at risk.
CNBC
4 hours ago
The Fed decision is expected to feature a rate cut and a lot more. Here's what to expect
The central bank is poised to deliver its third straight interest rate cut Wednesday, while firing a warning shot about what's ahead.
CNBC
4 hours ago
Instacart's AI pricing tools drive up the cost of some groceries, study finds
Federal regulators and politicians have scrutinized companies' use of AI tools to set the cost of products or services, often called "surveillance pricing."
CNBC
4 hours ago
Oracle's AI-fueled debt load has investors on edge ahead of quarterly earnings
Oracle's fiscal second-quarter results will be a crucial test for the AI trade and whether demand justifies the company's buildout plans.
CNBC
4 hours ago
Fifth Third signs deal making fintech firm Brex the provider of its commercial cards
The move shows how some banks are choosing to partner with fintech firms rather than building their own platforms to keep up with evolving tech expectations.
CNBC
4 hours ago
Netflix faces consumer class-action lawsuit over $72bn Warner Bros deal
Lawsuit argues that proposed deal threatens to reduce competition in US subscription video-on-demand marketNetflix has been hit with a consumer lawsuit seeking to block the online video giant’s planned $72bn acquisition of Warner Bros Discovery’s studio and streaming businesses.The proposed class action was filed on Monday by a subscriber to Warner Bros-owned HBO Max who said the proposed deal threatened to reduce competition in the US subscription video-on-demand market. Continue reading...
The Guardian
5 hours ago
Judge unseals Ghislaine Maxwell grand jury materials, citing Epstein files act
Jeffrey Epstein, a former friend of President Donald Trump, killed himself in jail in August 2019, weeks after being arrested on child sex trafficking charges.
CNBC
5 hours ago
China is buying U.S. soybeans again — but falling short of goal set by Trump trade agreement
A trade war begun by President Donald Trump early in his second term led China to halt its purchases of American soybeans.
CNBC
5 hours ago
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