Former Treasury Secretary and president emeritus and professor at Harvard University, Larry Summers attends the Allen & Company Sun Valley Conference on July 9, 2025 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Larry Summers, the former U.S. Treasury secretary who has been dogged by his past friendship with Jeffrey Epstein, will resign from…
Xavier Lorenzo | Moment | Getty Images A smaller share of actively managed mutual funds and exchange-traded funds outperformed their index-based counterparts in 2025 than in the prior year, according to new research. Even so, both kinds of investments can have a place in your portfolio, financial advisors say. “I don’t treat passive and active…
Rick Smith, CEO of Axon Enterprises. Adam Jeffery | CNBC Axon Enterprise‘s stock surged more than 18% after the maker of Tasers, body cameras and drones topped Wall Street’s fourth-quarter estimates as artificial intelligence accelerated demand for its software products The company reported adjusted earnings of $2.15 per share on $797 million in revenue, surpassing…
David Tepper, Appaloosa Management Peter Foley/Bloomberg | Getty Images David Tepper, billionaire founder of hedge fund Appaloosa Management, sent a strongly worded letter to Whirlpool‘s board, accusing the appliance maker of destroying shareholder value and calling for sweeping changes to its strategy and leadership. Shares of Whirlpool rose nearly 1% after the news. Whirlpool was…
A Lowe’s store in Concord, California, US, on Monday, Nov. 17, 2025. David Paul Morris | Bloomberg | Getty Images Lowe’s topped Wall Street’s quarterly revenue and earnings expectations on Wednesday, as the retailer’s quarterly sales grew more than 10% year over year. The home improvement company said it expects total sales for the full…
The third annual CNBC Changemakers list of women transforming business and philanthropy, which launched on Wednesday, recognizes leaders at the forefront of AI and innovators across traditional fields, from finance to healthcare, retail, entertainment and sports. The 2026 Changemakers range from startup founders to high-profile stars such as Kim Kardashian, who grew Skims to a…
Novo Nordisk was the first company to make a GLP-1 drug for weight loss and became Europe’s most valuable company. But its troubles are stacking up and today the stock trades at just a quarter of what it did at its peak less than two years ago. Pricing pressure, fierce competition, and pipeline setbacks have…
View of the city of Santiago and the Andes Mountains, taken from the Metropolitan Park on July 2, 2024. Rodrigo Arangua | Afp | Getty Images Chile is the latest Latin American country to have become embroiled in a U.S.-China power struggle. The country, which counts Washington as its top foreign investor and Beijing as…
U.S. President Donald Trump shakes hands with members of Congress as he departs following his State of the Union address in the House Chamber of the US Capitol in Washington, DC, on Feb. 24, 2026. Andrew Caballero-Reynolds | AFP | Getty Images BEIJING — U.S. President Donald Trump avoided directly naming China in his State…
President Donald Trump delivered a nearly two-hour State of the Union address on Tuesday, focusing largely on the economy that he declared was set to boom. The president delivered the signature annual address as he sees his poll numbers on the economy plummet ahead of the 2026 midterms, which loom less than nine months away….
