An automatic teller machine at the Zions Bank headquarters in Salt Lake City, Utah, on July 10, 2023. Kim Raff | Bloomberg | Getty Images Stock Chart IconStock chart icon ZION and KRE, 1-day The bankruptcies of two auto industry-related companies this year have raised concerns about loose lending practices, especially in the opaque private…
China on Thursday accused the U.S. of creating “panic” over Beijing’s controls on rare earth minerals, but indicated it is open to trade talks to resolve a dispute that has threatened to reignite a trade war between the world’s two largest economies. “The US interpretation seriously distorts and exaggerates China’s measures, deliberately creating unnecessary misunderstanding…
Australia, Victoria, Melbourne, buildings on bank of Yarra river Peter Adams | Stone | Getty Images South Korea’s Kospi index hit a record high Thursday, after the International Monetary Fund raised its 2025 growth forecast for the country to 0.9% from 0.8% in its October outlook report. Overall, the IMF raised its growth projection for…
A transport truck exits the Bunge facility, which is part of the company’s agricultural and food processing operations, in Hamilton, Ontario, Canada, Jan. 27, 2025. Carlos Osorio | Reuters Bunge Global jumped more than 11% on Wednesday on the back of the Trump administration’s threat to cut off U.S. purchases of Chinese cooking oil. Bunge…
Nuclear stocks rallied Wednesday after the U.S. Army launched a program to deploy small reactors. Shares of NuScale, a small reactor developer, soared 17%. Oklo and Nano Nuclear were up nearly 7% and 4%, resepectively. The uranium company Centrus was up 13%. The U.S. Army on Tuesday launched a program to build micro nuclear reactors…
The Trump administration will set price floors across a range of industries to combat market manipulation by China, Treasury Secretary Scott Bessent told CNBC in an exclusive interview on Wednesday. China has driven foreign competitors in the rare earths industry out of business over the past two decades by using its global dominance in refining…
Treasury Secretary Scott Bessent insisted Wednesday that the U.S. won’t change its trade negotiating stance on China due to stock market volatility. President Donald Trump “likes a high stock market,” but he “believes that the high stock market is a result of good policies,” Bessent said in an exclusive interview at CNBC’s Invest in America…
Ted Pick, CEO of Morgan Stanley speaks on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 23, 2025. Gerry Miller | CNBC Morgan Stanley on Wednesday posted third-quarter earnings that topped expectations by the largest margin in nearly five years. Here’s what the company reported: Earnings per share: $2.80 vs….
Brian Moynihan, CEO of Bank of America, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of debanking on Thursday, February 13, 2025. Tom Williams | Cq-roll Call, Inc. | Getty Images Bank of America on Wednesday posted third-quarter results that exceeded…
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. Market moves : It’s been a volatile day on Wall Street. The S & P 500 wiped out earlier losses of roughly 1.5% on Tuesday and…
