Treasury doubles debt buybacks as Bessent moves to steady bond market
The announcement targets the sensitive longer-duration part of the Treasury market.
Moderna, Merck cancer vaccine shows promise in late-stage trial; Moderna stock more than doubles
The combination regimen significantly extended the time patients lived without their melanoma returning, compared with Keytruda alone.
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.
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.
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.
Amazon to expand drone service to nearly 500 cities after targeting 1 million deliveries this year
Amazon has quietly expanded its drone service to more metro areas in recent months after receiving a key regulatory greenlight enabling longer-range deliveries.
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.
Zelenskyy faces challenge to his wartime rule as former defense chief calls for election
Former Ukraine Defense Minister Mykhailo Fedorov has called for wartime elections, saying Kyiv must restore its democratic process despite the ongoing war.
Goldman studied where AI is squeezing labor markets. Here's what it found
Goldman Sachs found that AI is starting to weigh on employment across developed economies.
Car dealerships are relying more on parts and service for profits
Dealership gross profits have fallen from the supply-constrained days of 2022. They are relying more heavily on the income streams that hedge against downturns.
U.S. government debt yields are surging at a bad time. Here's what's behind the move
Fixed income market watchers ascribe a run that began in June to a number of variables.
The U.S. banned Nvidia's best chips from going to China. Now it's trying to close a crucial loophole
Chinese AI firms have reportedly accessed advanced Nvidia computing power overseas, testing U.S. export controls. Lawmakers weigh closing the cloud-access gap.
Dollar risks are mounting. Here’s what could weaken the greenback
Currency strategists flag Treasury risk, softer U.S. data and uncertain Fed policy as key factors that could pressure the dollar.
Jim Cramer's top 10 things to watch in the stock market Wednesday
Moderna is soaring after promising results for its cancer vaccine. Plus, Target may be victim to profit-taking.
China’s backflipping robot maker Unitree pops 542% in Shanghai debut
Unitree Robotics shares rise 542% on their first day of trading in Shanghai
Weekly mortgage demand stalls along with interest rates, but rates are now moving higher again.
Mortgage rates were unchanged last week, as was mortgage demand, and total volume remains lower than year-ago levels.
Retail investors aren't entirely giving up on AI trade, but they appear more cautious
Mom-and-Pop investors remain bullish on AI and tech, but some are adding downside protection.
Bond yields are climbing. Here’s what that means for mortgages and other consumer borrowing
Long-term government bond yields have risen sharply in recent days. Higher bond yields push consumer borrowing costs up, sometimes immediately.
Jim Cramer says the market is too negative — and that’s creating buying opportunities
CNBC’s Jim Cramer said widespread pessimism over rising rates, oil prices and inflation is pushing stocks lower and creating attractive buying opportunities.
California AG Bonta says case against Meta is about 'restitution and distortion,' not damages
Following opening arguments in the case against Meta, California Attorney General Bonta said the trial is not about extracting a massive payout.