Kevin Hassett, director of the National Economic Council (L), and Kevin Warsh, former governor of the U.S. Federal Reserve. Reuters Kevin Warsh has surged ahead of Kevin Hassett in prediction markets betting on who President Donald Trump will nominate as the next chair of the Federal Reserve, as doubts grow inside Trump’s orbit about Hassett’s…
Climate catastrophes like wildfires and severe storms have become more frequent and damaging in the U.S., accounting for 83% of the estimated global insured losses of $107 billion in 2025, according to a new report from Swiss Re Institute. This is the sixth consecutive year that global insured losses have surpassed $100 billion. The Los…
Kraft Heinz announced plans to split into two separately traded companies, reversing its 2015 megamerger, which was orchestrated by billionaire investor Warren Buffett. Justin Sullivan | Getty Images News | Getty Images Kraft Heinz on Tuesday announced that former Kellanova CEO Steve Cahillane will lead the company ahead of its planned split next year. Cahillane…
Check out the companies making headlines before the bell: Pfizer — The pharma giant issued disappointing 2026 earnings guidance. Pfizer a profit between $2.80 per share and $3 per share for the coming year. Analysts polled by LSEG expected earnings per share of $3.05 for 2026. The company also reaffirmed its 2025 outlook. Shares hovered…
Morgan Stanley believes Roku has what it takes to outperform. The bank double upgraded the streaming stock to overweight from underweight. It also hiked its price target to $135 from $85, which implies upside of 24% from Monday’s close. Next year and beyond, analyst Thomas Yeh has higher conviction that Roku can continue to sustain…
A staff member prepares for the arrival of Chinese Vice Premier Ding Xuexiang and EU Executive Vice-President for a Clean, Just and Competitive Transition, Teresa Ribera during China-EU Sixth High Level Environment and Climate Dialogue (HECD) at the Diaoyutai State Guest House in Beijing on July 14, 2025. Wang Zhao | Afp | Getty Images…
Traders work on the floor of the New York Stock Exchange on Dec. 11, 2025, in New York City. Spencer Platt | Getty Images U.S. Treasury yields fell on Tuesday as investors prepared for a batch of key economic releases, including the November nonfarm payrolls report, unemployment numbers, and October retail sales. The benchmark 10-year Treasury yield…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves : The S & P 500 was lower to start the week, reversing what turned out to be a tepid attempt at a rebound…
Stephanie Link, chief investment strategist and portfolio manager at Hightower Advisors, is betting on Union Pacific as a strong play for 2026. Transport company Union Pacific, which operates railways across 23 states in the U.S., has seen shares rise about 5% this year, significantly underperforming the broader market. Link thinks the name could get a…
Akio Maeshima | Digitalvision | Getty Images Year-end financial planning is tricky — and surprise portfolio income can derail your tax strategy, experts say. As the calendar winds down, some investors are eyeing “tax gain harvesting,” or strategically selling profitable brokerage account assets during lower income years. Depending on earnings, you could qualify for the…
