Jonathan Raa | Nurphoto | Getty Images Ether climbed to end the week as President Donald Trump signed the GENIUS Act stablecoin legislation into law, while bitcoin and its proxies took a breather. The price of ether was last higher by 4% at $3,578.67, according to Coin Metrics, trading at highs not seen since January…
American Express has long benefited from a focus on wealthier customers who appreciate the credit card company’s travel and dining perks. That has helped insulate the company from concerns over a spending slowdown. In the second quarter, total spending on Amex cards jumped 7%, matching the first quarter and higher than the 6% increase a…
A Swedish Air Force Saab JAS 39 Gripen jetfighter takes part in the NATO exercise as part of the NATO Air Policing mission, in Alliance members’ sovereign airspace on July 4, 2023. John Thys | Afp | Getty Images Shares of Swedish defense giant Saab jumped on Friday morning, after the company reported stronger-than-expected profit and sales…
Chevron has prevailed against Exxon Mobil in a dispute over Hess Corporation’s offshore oil assets in the South American nation of Guyana, Exxon CEO Darren Woods told CNBC’s Becky Quick on Friday. The ruling by the International Chamber of Commerce in favor of Chevron clears the way for the oil major to complete its $53…
A screen shows the Dow Jones Industrial Average after the close of trading on the floor at the New York Stock Exchange after the closing bell in New York City, U.S., April 4, 2025. Brendan McDermid | Reuters The line between arbitrage and market manipulation has long been one of the grayest areas in financial…
Federal Reserve Chairman Jerome Powell on Thursday formally replied to a set of pointed questions from the director of the White House Office of Management and Budget about the renovation of the Fed’s Washington headquarters. Powell pointed to a newly launched page on the Fed’s public website dedicated to answering questions about the project, which…
Doug Burgum, U.S. Secretary of the Interior speaks during the Pennsylvania Energy And Innovation Summit 2025 at Carnegie Mellon University in Pittsburgh on July 15, 2025 David A. Grogan | CNBC Solar and wind projects that need federal permitting will face even closer scrutiny by the Trump administration, with Interior Secretary Doug Burgum now making…
Shares of Abbott Laboratories fell Thursday after the diversified health-care company delivered a solid second quarter but left investors disappointed with forward guidance. Revenue in the three months ended June 30 rose 7.4% to $11.14 billion, outpacing the $11.07 billion consensus estimate, according to estimates compiled by LSEG. Organic sales , excluding Covid testing results,…
We are initiating a position in Cisco Systems , buying 550 shares at roughly $67.39. Following the trade, Jim Cramer’s Charitable Trust will own 550 shares of CSCO with a weighting of about 1%. We are calling up Cisco from the Bullpen. We added the company to our watchlist on June 23, and the stock…
Archer-Daniels-Midland Co. (ADM) signage displayed on the side of a grain storage bin at an ADM grain elevator in Niantic, Illinois. Daniel Acker | Bloomberg | Getty Images Shares of high fructose syrup producer Archer-Daniels-Midland plummeted on Thursday after President Donald Trump announced that he had persuaded Coca-Cola to use real cane sugar in its drinks…
