Federal Reserve Chairman Jerome Powell and Treasury Secretary Scott Bessent met with major U.S. bank CEOs this week to discuss the possible cyber risks raised by Anthropic‘s Mythos model, CNBC confirmed Friday. The bank heads were already in Washington, D.C., for a Financial Services Forum board meeting when a special gathering was called on Tuesday…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks gave up earlier gains and edged lower Friday afternoon , putting the S & P 500’s seven-day winning streak at risk. It’s been a strong…
Jamie Dimon, Chairman and CEO, JPMorganChase, speaks during the Reagan National Defense Forum at the Ronald Reagan Presidential Library in Simi Valley, California, U.S. December 6, 2025. Jonathan Alcorn | Reuters JPMorgan Chase CEO Jamie Dimon is calling for a broad recommitment to American ideals as his bank navigates geopolitical uncertainty, a teetering economy and…
Fears of a corporate exodus from New York City are likely to be a recurring feature of New York City Mayor Zohran Mamdani’s term, with each business real estate decision magnified as a potential tipping point signal that the Democratic Socialist’s tax, real estate and wealth policies are pushing businesses away. The debate was amplified…
BECKY QUICK: Warren, welcome. It is wonderful to see you this morning. WARREN BUFFETT: It is fun to be on. QUICK: You are on for an interesting reason. For 22 years, you had been holding an annual luncheon — an auction for a luncheon — to benefit the Glide Foundation in San Francisco. You retired from that…
Kevin Warsh, former governor of the US Federal Reserve, during the International Monetary Fund (IMF) and World Bank Spring meetings at the IMF headquarters in Washington, DC, US, on Friday, April 25, 2025. Tierney L. Cross | Bloomberg | Getty Images The Senate Banking Committee will hold a nomination hearing on April 16 for Kevin…
The stock market finally lifted higher this week, buoyed by optimism that the Iran war would end sooner rather than later. The S & P 500 and Nasdaq Composite both snapped their five-week losing streaks Thursday during the holiday-shortened trading week. The broad-market index rose 3.4% and the tech-heavy gauge advanced 4.4%. The Dow Jones Industrial…
Nike Inc. signage on the floor of the New York Stock Exchange, Dec. 31, 2025. Michael Nagle | Bloomberg | Getty Images When Nike reported fiscal third-quarter earnings on Tuesday night, investors were looking for evidence its recovery is on track. Instead, they learned that the retailer’s turnaround is far from over, sending shares tumbling…
Want to know how the market will react when the U.S.-Iran war finally ends? CNBC’s Jim Cramer said Tuesday’s session gives investors the answer. The “Mad Money” host said that the market “tipped its hand” during Tuesday trading as stocks finally rallied and rates went lower, describing the day as “a dry run of what…
The U.S. Department of Labor headquarters building in Washington, June 21, 2024. J. David Ake | Getty Images News | Getty Images A rule that aimed to raise investment-advice protections for retirement savers has died in court — now, effectively, for the second time. Some legal experts said the outcome could lead unwary retirement investors…
