Bessent to propose major overhaul of regulatory body created from financial crisis
Treasury Secretary Scott Bessent is proposing a major change in the approach to how the…
JPMorgan cuts official S&P 500 forecast, noting rising recession risk from oil shock
JPMorgan cut its official S & P 500 forecast as oil spikes amid the ongoing war in Iran. Dubravko Lakos-Bujas, the firm’s head of global markets strategy, now expects the S & P 500 will end the year at 7,200, instead of 7,500, which implies more than 8% upside from Wednesday’s close. The new target…
Copper joins gold in broad commodities sell-off. There’s a worrying reason behind it
Workers roll up copper rods made from recycled copper at a metal melting facility in Yuexi County, central China’s Anhui Province, Friday, July 11, 2025. Feature China | Future Publishing | Getty Images Prices for metals fell sharply across the board Thursday as investors worried about the impact rising oil prices due to the U.S.-Iran…
ACA enrollees go uninsured after enhanced subsidies expire: KFF poll
Many Americans are feeling the financial pain following the expiration of enhanced federal subsidies for Affordable Care Act marketplace health insurance. About 1 in 10 people — 9% — who were enrolled in an ACA marketplace health plan last year are now uninsured following the lapse of enhanced subsidies that reduced their monthly premiums, according…
Eli Lilly’s new shot shows solid weight loss in study — plus, a way for Nvidia to perk up
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday ‘ s key moments. 1. Stocks fell Thursday as oil prices continued higher. Brent international crude briefly touched $119 per barrel after Iran attacked a key LNG facility in Qatar. Tehran said…
Trump signals DOJ should continue Powell probe, complicating Warsh Fed nom
President Donald Trump on Thursday signaled his continued support for a Department of Justice investigation into Federal Reserve Chairman Jerome Powell — a stance that could further delay the confirmation of his would-be successor, Kevin Warsh. “He’s under investigation because he’s building a building for hundreds of billions of dollars more than it’s supposed to…
Longtime Mets broadcaster Howie Rose says he’s retiring after this season
FLUSHING, N.Y. — Longtime New York Mets broadcaster Howie Rose announced Thursday he is planning to retire at the end of the season after spending four decades with the organization. The 72-year-old Rose began his Mets broadcasting career in 1987 and has served as the team’s lead play-by-play radio voice since 2006. “Having grown up…
Brady, Gronk, Hurts, Burrow: Fanatics Flag Football Classic Draft Results
The draft results for the Fanatics Flag Football Classic are in, and the rosters are loaded with NFL talent. For starters, there are three teams: Team Founders, Team Wildcats and Team USA. Each team has 12 players, with 21 of the 36 being current or former NFL players. The three teams will compete in a…
Traders see little chance of rate cut this year following Fed decision
All of the positive economic talk out of this week’s Federal Reserve meeting had a negative impact on investors, who have now taken expectations for even one interest rate cut this year off the table. In his post-meeting news conference, Fed Chair Jerome Powell took an upbeat view of current conditions, even with what he…
FDA approves high dose version of Novo Nordisk’s obesity drug Wegovy
The logo of pharmaceutical company Novo Nordisk is displayed in front of its offices in Bagsvaerd, Copenhagen, Denmark, Feb. 4, 2026. Tom Little | Reuters The Food and Drug Administration on Thursday approved a higher dose version of Novo Nordisk‘s blockbuster weight loss injection Wegovy, as the company pushes to win back market share from…
Bond markets face ‘perfect storm’ as Iran war rattles central banks
Europe’s sovereign bonds are facing “a perfect storm” after new inflation fears sparked by the Iran conflict forced the region’s central banks to signal a new course for interest rates on Thursday, sending yields soaring. The Bank of England left interest rates unchanged at 3.75% on Thursday, with the European Central Bank also holding steady…