Key Points The president has a long history of defending a falling greenback as it makes American goods cheaper to sell abroad, which could especially benefit U.S. multinationals. However, it also signifies diminished confidence in the U.S. as foreign investors grow wary over the country’s fiscal outlook. A weaker U.S. dollar isn’t concerning to President…
Urenco USA enriched uranium storage capsule. Adam Jeffery | CNBC The Department of Energy will announce Wednesday an initiative aimed at building out the nation’s nuclear fuel supply chain as interest in the emissions-free power source grows. The DOE will ask states to express interest in hosting “Nuclear Lifecycle Innovation Campuses,” which would support activities…
OVER THE PACIFIC OCEAN — The 112 passengers on this Southwest Airlines red-eye flight from Honolulu to Los Angeles were the last in the airline’s more than 54-year history to scramble for a seat on board. Before dawn on Tuesday, Southwest ended its quirky (or anxiety-inducing, depending on the traveler) open-seating policy in favor of…
Treasury Secretary Scott Bessent speaking to CNBC on Jan. 28th, 2026. CNBC President Donald Trump has “brought down the temperature” on Minnesota, the site of major civil unrest over aggressive federal immigration efforts, Treasury Secretary Scott Bessent said Wednesday. Trump is now “urging” Congress to take action to avoid triggering a partial government shutdown amid…
A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, D.C., on Tuesday, Feb. 16, 2021. Al Drago | Bloomberg | Getty Images Shoe brand Allbirds on Wednesday became the latest retailer to shift its focus from physical stores to online retail to increase profitability. The company announced that it will close…
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks at the US Chamber of Commerce in Washington, Jan. 15, 2026. Luke Johnson | Bloomberg | Getty Images JPMorgan Chase and Bank of America said Wednesday in separate announcements that the firms will match the U.S. government’s one-time $1,000 contribution to children’s retirement savings…
New York Mayor Zohran Mamdani on Wednesday said the city’s wealthiest must pay more in taxes to help fill the staggering $12 billion budget deficit he was left by his predecessors. Mamdani, in an interview with CNBC’s Andrew Ross Sorkin at City Hall, said his administration will be up front with New Yorkers about budget…
Here are the biggest calls on Wall Street on Wednesday: Mizuho upgrades Applied Materials to outperform from neutral Mizuho says it likes the semiconductor company’s accelerating growth. “Upgrading AMAT to Outperform, Raising PT to $370 (prior Neutral/$275PT).” Jefferies downgrades BJ’s Wholesale to hold from buy Jefferies downgrades the stock, citing slower growth. “We downgrade BJ’…
Check out the companies making the biggest moves in the premarket: ASML — U.S.-listed shares of the semiconductor equipment giant reported record orders and issued strong 2026 guidance due to the artificial intelligence boom. The company also announced a share buyback program worth 12 billion euros. Texas Instruments — The chipmaker jumped more than 8%…
German police carried out raids at Deutsche Bank in Frankfurt and in Berlin on Wednesday morning, as part of an investigation into money laundering. Shares in the German lender were last seen down about 2.7% following news of the probe, which was first reported by Spiegel. “We confirm Frankfurt prosecutors are currently conducting an investigation…
