(These are the market notes on today’s action by Mike Santoli, CNBC’s Senior Markets Commentator. See today’s video update from Mike above.) Follow-through from the dovish takeaway to Wednesday’s Fed rate cut drives a high-torque rotation into economically sensitive assets, helping to offset another sell-down in secular-growth AI plays. As noted for weeks, the market…
Lululemon announced Thursday its CEO Calvin McDonald will step down effective Jan. 31 following more than a year of underperformance at the athleisure company. The company’s board of directors is working with a “leading executive search firm” to identify its next CEO, it said in a news release. McDonald will stay on as a senior…
Renovation work continues on the Marriner S. Eccles Federal Reserve Board Building, the main offices of the Board of Governors of the Federal Reserve System on December 9, 2025 in Washington, DC. Andrew Harnik | Getty Images News | Getty Images The Federal Reserve on Thursday reappointed 11 of its 12 regional bank presidents, ending…
State Senators listen to testimony at the Indiana Statehouse in Indianapolis, Indiana, US, on Monday, Dec. 8, 2025. Kaiti Sullivan | Bloomberg | Getty Images The Indiana Senate on Thursday voted down a Republican bill to redistrict congressional districts, in a major blow to President Donald Trump. Trump had successfully pushed partisan gerrymanders in statehouses…
Landon Donova, Cobi Jones, and Brad Guzan discussed USA’s chances of topping Group D in this upcoming 2026 Fifa World Cup. <
The Walt Disney Co.’s $1 billion equity investment in OpenAI will serve as “a way in” to artificial intelligence, which will have a significant long-term impact on Disney’s business, Disney CEO Bob Iger told CNBC’s “Squawk on the Street” on Thursday. “We want to participate in what Sam is creating, what his team is creating,” Iger said….
Customers walk in the parking lot outside a Costco store on Dec. 2, 2025 in Chicago, Illinois. Scott Olson | Getty Images Costco on Thursday surpassed Wall Street’s quarterly expectations as its sales rose 8.2% year over year. The warehouse club does not share a full-year outlook. The company is expected to share more details…
The latest quarterly results from Broadcom , due after the market close Thursday, are expected to help signal where the artificial intelligence trade is headed. A look at Wall Street’s estimates for the three months ended Oct. 31 suggest strong momentum for Broadcom’s custom chips business, which has attracted several hyperscalers looking for alternatives to…
Palantir Technologies CEO Alex Karp attends the Pennsylvania Energy and Innovation Summit on the campus of Carnegie Mellon University in Pittsburgh, Pennsylvania, July 15, 2025. Andrew Caballero-reynolds | Afp | Getty Images Palantir expanded its lawsuit against two former employees on Thursday to include the CEO of their new artificial intelligence startup, Percepta AI. In…
New York Attorney General Letitia James speaks to the media, after she attended a hearing and pleaded not guilty to charges that she defrauded her mortgage lender, outside the U.S. District Court for the Eastern District of Virginia, in Norfolk, Virginia, U.S., Oct. 24, 2025. Jonathan Ernst | Reuters Federal prosecutors on Thursday again failed…
