Acting director of the Office of Management and Budget Russell Vought speaks with reporters during a press briefing at the White House in Washington on March 11, 2019. Jonathan Ernst | Reuters The Consumer Financial Protection Bureau sent termination notices to several dozen employees late Tuesday, according to people with knowledge of the situation. The […]
Check out the companies making headlines in midday trading. Baidu — The Chinese tech stock added 4% after a source familiar with the matter revealed that Baidu plans to release the next generation of its AI model later this year. The source said that “foundational model” Ernie 5.0 will have “big enhancements in multimodal capabilities.” […]
The Zelle icon is displayed on a phone screen. Jakub Porzycki | Nurphoto | Getty Images Zelle, the payments network run by banks-owned Early Warning Services, crossed $1 trillion in total volumes last year, which it said was the most ever for a peer-to-peer platform. The firm said Wednesday that its user base jumped 12% […]
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 4, 2024. CNBC Warren Buffett’s Berkshire Hathaway purchased more shares of Occidental Petroleum after the oil and gas producer tumbled more than 30% from its record high. The Omaha, Nebraska-based conglomerate scooped up 763,017 shares of the Houston-based energy company on Friday for […]
My growing boys eat so much (the mind boggles), so I’m always looking for simple ways to make delicious, crowd-pleasing food. So, when King Arthur Baking, the flour company we’ve loved for many years, sent us a box of their pull-apart garlic bread mix, we were excited to try it… We’re long-time fans of King […]
Bank of America CEO Brian Moynihan said Wednesday that strong consumer spending so far this year means the Federal Reserve will probably hold off on cutting its benchmark interest rate. The bank’s retail customers are spending about 6% more money in the first 40 days of this year compared with the same period in 2024, […]
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell returns to Capitol Hill on Wednesday for the second day of his semiannual updates on monetary policy. The central bank leader appears before the House […]
A person walks past the New York Stock Exchange at Wall Street in New York on Feb. 3, 2025. Angela Weiss | AFP | Getty Images The New York Stock Exchange will soon have a presence in Texas to cater to the growing number of companies looking for a home base in the business-friendly state. […]
Wharton School Professor Jeremy Siegel is uncertain whether the “Magnificent Seven” companies can continue to enjoy the run they’ve had, and expects the other sectors could start to outperform. “We have these two markets. We have the Mag Seven, which is ex- Tesla is selling for 30, 35, and then we have the other 493 […]
Check out the companies making headlines before the bell. CVS – Shares jumped more than 8% after the pharmacy operator reported fourth-quarter results that beat analyst expectations. The company earned an adjusted $1.19 per share on revenue of $97.71 billion. Analysts polled by LSEG expected a profit of 93 cents per share on revenue of […]
