Jensen Huang, NVIDIA founder and CEO, has a Q&A session at a press conference during the APEC CEO summit on October 31, 2025 in Gyeongju, South Korea. Woohae Cho | Getty Images News | Getty Images Nvidia reported fiscal third-quarter earnings on Wednesday that topped Wall Street expectations for sales and earnings and provided stronger-than-expected…
Block said Wednesday that it expects gross profit to increase in the mid-teens annually for the next three years, reaching about $15.8 billion in 2028. At the payment company’s first investor day event since 2022, Block unveiled a three-year financial outlook. The announcements land as Wall Street has turned skeptical on Block’s prospects, pushing the…
Federal Reserve officials were at odds during their October meeting over cutting interest rates, divided over whether a stalling labor market or stubborn inflation were bigger economic threats, minutes released Wednesday showed. While the Federal Open Market Committee approved a cut at the meeting, the path forward looks less certain. Disagreements stretched into the outlook…
Recruiters speak to job seekers at the Appalachian State University internship and job fair in Boone, North Carolina, US, on Wednesday, Oct. 1, 2025. Allison Joyce | Bloomberg | Getty Images The Bureau of Labor Statistics said Wednesday it will not release a full U.S. jobs report for the month of October, following the longest…
[The stream is slated to start at 12 p.m. ET on Wednesday. Please refresh the page if you do not see a player above at that time.] President Donald Trump is speaking on Wednesday at the U.S.-Saudi Investment Forum in Washington, D.C. Trump’s appearance at the Kennedy Center comes a day after he hosted Crown…
VCG | Visual China Group | Getty Images Alphabet stock jumped 5% on Wednesday after Google debuted its latest artificial intelligence model, Gemini 3, sparking optimism from investors. The new model is an improvement on its predecessor, Gemini 2.5, which Google released about eight months ago. Google said Gemini 3 allows users to get…
Walmart is in talks to buy a startup called R&A Data, a company founded by two Israeli scientists that works to reduce scams and counterfeits on online marketplaces, according to people familiar with the matter and records reviewed by CNBC. The acquisition would come at a key time for the largest U.S. retailer as incoming…
Blue Owl has decided to call off the merging of two of its private-credit funds after the deal caused some angst among investors, according to people familiar with the matter. The firm had planned to merge its smaller, non-traded Blue Owl Capital Corporation II (OBDC II), into the larger, publicly traded fund Blue Owl Capital…
Homes in San Francisco, California, US, on Wednesday, Nov. 12, 2025. David Paul Morris | Bloomberg | Getty Images Mortgage rates rose for the third consecutive week, causing demand from both current homeowners and potential homebuyers to drop. Total mortgage application volume fell 5.2% last week compared with the previous week, according to the Mortgage…
Larry Summers, president emeritus and professor at Harvard University, at the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 21, 2025. Stefan Wermuth | Bloomberg | Getty Images Former Treasury Secretary Larry Summers said Wednesday that he will resign from the board at OpenAI after the release of emails between him and the notorious sex offender Jeffrey Epstein. Summers had announced…
