A massive winter storm is threatening to wreak havoc across the U.S. in the days ahead — and potentially take a financial toll on households in its path. The National Weather Service said Friday that it expects a “significant, long-duration winter storm” to bring heavy snow, sleet and freezing rain to a broad swath of the…
Sen. Kirsten Gillibrand, D-N.Y., is “very optimistic” the Senate Agriculture Committee’s updated legislation to regulate cryptocurrencies will advance, even though Republicans have yet to reach a deal with Democrats. “Senators have been working on a bipartisan basis for the last six months pretty intensely, and we have two different bills,” Gillibrand told CNBC in an exclusive interview. One piece of legislation is in the Agriculture Committee,…
CNBC’s Jim Cramer alerted investors on Friday that next week will be a consequential one for Wall Street, pointing to a heavy load of quarterly earnings and a Federal Reserve meeting. “Make no mistake, next week matters,” Cramer said. He later added, “The bottom line? Mag Sevens. Momentum pays. Red-hot industrials, and a Fed meeting….
Signage ahead of the Nvidia Live event at CES 2026 in Las Vegas, Nevada, US, on Monday, Jan. 5, 2026. Bridget Bennett | Bloomberg | Getty Images Nvidia director Persis Drell, an engineering professor at Stanford, resigned on Wednesday after just over a decade on the chipmaker’s board of directors, the company said in a…
The sudden collapse last fall of a string of American companies backed by private credit has thrust a fast-growing and opaque corner of Wall Street lending into the spotlight. Private credit, also known as direct lending, is a catch-all term for lending done by nonbank institutions. The practice has been around for decades but surged…
The World Economic Forum, each year, becomes the center of the universe for one week in January in Davos, Switzerland. This year, six CEOs of portfolio companies were interviewed on CNBC throughout the week. They discussed topics ranging from artificial intelligence to America’s housing affordability crisis. Here is what they had to say. 1. Amazon…
Databricks co-founder and CEO Ali Ghodsi. Databricks Data analytics software company Databricks has landed $1.8 billion in fresh debt, a person familiar with the matter told CNBC. Databricks now sits on over $7 billion in debt, the person added. The company declined to comment. Databricks is among the highly valued technology companies that are primed…
U.S. Senator Elizabeth Warren (D-MA) and Director of the United States Office of Management and Budget, Russell Vought. Kevin Mohatt | Kevin Lamarque | | Reuters Sen. Elizabeth Warren on Friday accused the acting head of the Consumer Financial Protection Bureau of undermining President Donald Trump’s stated push to make credit cards more affordable, according…
Alphabet ‘s Google has moved beyond the search bar, positioning itself as the lead architect of “agentic commerce.” In this new world, AI not only suggests what you buy but executes the purchase for you. For years, online retail has operated under a predictable platform: Shoppers search, click through the results, and complete checkout on…
Binance founder Changpeng “CZ” Zhao said his business relationship with President Donald Trump‘s family has been “misconstrued” in the wake of his pardon. “There’s no business relationships whatsoever,” Zhao told CNBC’s Andrew Ross Sorkin on Thursday in an interview at the World Economic Forum in Davos, Switzerland. The former Binance CEO served four months in…
