The Department of Justice on Friday dropped its criminal investigation of Federal Reserve Chair Jerome Powell, removing a major hurdle to the Senate confirming President Donald Trump‘s nomination of Kevin Warsh to replace him. U.S. Attorney Jeanine Pirro, the top federal prosecutor in the District of Columbia, said in a post on X that she…
Soon, investors may be able to wager on who wins control of the Senate in their brokerage accounts. Bitwise, Roundhill and GraniteShares have filed applications with the SEC to offer event contracts as exchange-traded funds which would then be available, for instance, within a self-directed IRA. “An ETF issuer’s job is to give investors access…
Intel’s latest earnings report showed big demand for central processing units, or CPUs, as companies rush to build out their artificial intelligence capabilities, sending its stock surging. The numbers led investors to scoop up shares of another major chipmaker: Advanced Micro Devices. AMD shares soared more than 12% on Friday as Wall Street analysts were…
A yearslong legal brawl between Elon Musk, the world’s richest man, and OpenAI CEO Sam Altman heads to court in Northern California on Monday in a dramatic showdown between two of the most high-profile names in the tech industry. In his $134 billion lawsuit, Musk claimed that OpenAI, Altman and the company’s president, Greg Brockman,…
FILE PHOTO: Psilocybin or “magic mushrooms” are seen in an undated photo provided by the U.S. Drug Enforcement Agency (DEA) in Washington, U.S. May 7, 2019. DEA | Reuters The U.S. Food and Drug Administration on Friday announced a series of measures aimed at accelerating the development of psychedelic treatments for serious mental illness. That…
A data center owned by Amazon Web Services, front right, is under construction next to the Susquehanna nuclear power plant in Berwick, Pennsylvania, Jan. 14, 2025. Ted Shaffrey | AP The AI-driven data center boom in Pennsylvania — which includes a $20 billion investment from Amazon — is leading to political angst in districts in…
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. New York’s proposed tax on second homes worth more than $5 million is likely to spark costly legal battles over how to value…
The Indian flag flies in front of billboards featuring images of Indian Prime Minister Narendra Modi and U.S. President Donald Trump in Ahmedabad, India, on Feb. 23, 2020. Bloomberg | Bloomberg | Getty Images The India-U.S. trade deal remains unsigned after months of negotiations, with the Iran war and a U.S. court ruling against tariffs…
LAS VEGAS, NEVADA – JANUARY 06: People visit Bugatti booth during the Consumer Electronics Show (CES) 2026 on January 6, 2026 in Las Vegas, Nevada. Zhang Shuo | China News Service | Getty Images Porsche AG has agreed to sell its 45% stake in supercar brand Bugatti Rimac, fully exiting the joint venture that houses…
A currency trader monitors exchange rates in a dealing room at the Korea Exchange Bank in Seoul Jung Yeon-je | Afp | Getty Images South Korean stocks have been surging to record highs over the past year, but that hasn’t dimmed the allure of U.S. equities for its residents. In 2025, South Korea was the…
