Cancer vaccine from Moderna, Merck shows promise in late-stage trial; both stocks soar
The combination regimen significantly extended the time patients lived without their melanoma returning, compared with Keytruda alone.
Trump touted a deal to avert new tariffs on Canada. Here's what we know so far
Trump's new tariffs on about $20 billion worth of Canadian goods were set to take effect Wednesday, but were postponed by three days.
Bessent moves to curb Treasury yields, putting new pressure on Warsh's Fed
Treasury's move to buy back more long-term debt cooled a bond selloff, but economists warn it could raise new inflation and independence questions for the Fed
U.S. government debt passes $40 trillion, more than doubling in a decade
OpenAI 'will be a public company in 2027' or sooner, CFO Friar tells employees
In an all hands meeting, Friar told employees not worry about rival Anthropic's IPO timeline.
Trump bemoans Fed interest rate policy, says U.S. should be paying much less
As he has done in the past, Trump accused Fed officials of having political motives.
Stripe to buy OpenRouter as fintech expands deeper into AI
Stripe said it's acquiring OpenRouter, as the payments company expands into the artificial intelligence model market.
Fed officials saw need for rate hike if inflation doesn't cool, minutes show
The Federal Reserve on Wednesday released minutes from its July 28-29 policy meeting.
Yields pull back from multi-year highs after Treasury Department says it will double government debt repurchase size
Longer-term U.S. Treasury yields pulled back on Wednesday after the Treasury Department announced an upscaled buyback operation of the nation's debt.
Treasury doubles debt buybacks as Bessent moves to steady bond market
The announcement targets the sensitive longer-duration part of the Treasury market.
DOJ cites Comey's novel in urging judge not to toss ‘86 47' seashells threat to Trump case
"There is no serious dispute that an objective viewer of Comey's post could read it to mean 'Kill President Trump,'" prosecutors said.
Treasury, IRS move to restrict refundable tax credits to certain immigrants
The move would likely impact hundreds of thousands of immigrants who have Social Security numbers and have received authorization to work in the U.S., experts said.
Meta's legal troubles has options traders eyeing the 'jade lizard'
One of the many beauties of options trading is the ability to make money on a rangebound stock. Shares of Meta Platforms are presenting that opportunity right now.
Carvana shares are under pressure this week as Mark Walter probe fuels investor jitters
The scrutiny raised questions about what could happen to Walter's Carvana position if fallout from the investigation pressures him to raise cash.
Nvidia plays matchmaker in Nordics, sources tell CNBC, as AI data center deals boom in region
Nvidia is trying to connect GPU customers with Nordic data-center operators as cheap power and available land fuel the region’s AI infrastructure boom.
Where we stand on Broadcom after Marvell muscles in on its key customer Google
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Marvell's stock pops 10% on AI chip deal that lets Google buy up to $12.2 billion in shares
Google and its competitors have been pursuing custom chips to improve efficiency and reduce reliance on Nvidia.
A speakeasy inside a gas station is the hottest cocktail bar in a Minnesota town—the business brought in almost $5 million in a year
Tony Donatell turned an empty storefront next to a gas station into a sophisticated speakeasy, The Farmer's Cellar. Inside, it's still the "roaring twenties."
Hedge funds are about to jump into prediction markets in a big way
Cantor Fitzgerald will be one of the first investment firms providing its clients institutional trading on prediction market platform Kalshi.
UAE severs trade with Iran after reported missile strike
Washington and Tehran are considering next steps after negotiations fell apart, while the UAE has suspended trade with Iran.
Target says its turnaround is picking up steam, with help from a big tariff refund
Target posted better-than-expected fiscal second-quarter sales and raised its full-year outlook.
Trump pauses 50% scheduled tariffs on Canada for three days, announces 'deal' with Ottawa
Trump has already imposed a variety of tariffs on Canada and its specific exports, including metals, lumber and auto parts.
Lowe's gives muted outlook as it sees 'pressure' in home improvement spending
Lowe's reported mixed quarterly results as the retailer said it continued to see pressure in home improvement spending.
World’s largest olive oil company surges over 20% as rivals circle in takeover battle
Shares of Spain's Deoleo jumped on Wednesday morning amid an intensifying takeover battle for the world's largest olive oil bottler and marketer.