Amid a war in Iran, inflation pressures, a weakening job market and an uncertain outlook for tariff policy, Federal Reserve officials will meet next week and announce a decision on interest rates. The federal funds rate, set by the Federal Open Market Committee, is the rate at which banks lend to one another overnight, but it…
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Global collectors shrugged off the stock market declines and the war in Iran last week to spend more than $600 million…
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 Wednesday’s key moments. 1. The Dow plunged more than 500 points on Thursday as oil prices continued to surge after Iran’s new Supreme Leader, Mojtaba Khamenei, said the Strait of Hormuz would stay…
The Lucid display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC NEW YORK — Lucid Group expects to be cash flow positive late this decade as it plans to grow its vehicle lineup and significantly increase its software and technology offerings, the all-electric vehicle maker announced…
Sen. Martin Heinrich (D-NM) sits in a Monarch MK-V Electric Tractor during an event showcasing various electric trucks near Capitol Hill on June 7, 2023 in Washington, DC. Drew Angerer | Getty Images Sen. Martin Heinrich, D-N.M., introduced a bill Thursday to create a new tax rebate for individuals and families hit by the cost…
Rivian CEO RJ Scaringe reacts at an event to unveil a smaller R2 SUV in Laguna Beach, California, on March 7, 2024. Mike Blake | Reuters Rivian Automotive will launch sales of its crucial R2 all-electric vehicle this spring with a roughly $58,000 special edition model, the company announced Thursday. The first of the R2…
A foreign tanker carrying Iraqi fuel oil damaged after catching fire in Iraq’s territorial waters, following unidentified attacks that targeted two foreign tankers, according to Iraqi port officials, near Basra, Iraq, March 12, 2026. Mohammed Aty | Reuters The effective closure of the Strait of Hormuz has abruptly thrust two alternative oil pipelines into the…
Here are the biggest calls on Wall Street on Thursday: Morgan Stanley names Alibaba a top pick Morgan Stanley says the company is a standout for its own “in house” chips. “Owning the full AI stack materially raises the likelihood of becoming an AI winner. In-house chips also mitigate competitive and regulatory risks. We elevate…
Hong Kong’s Victoria Harbour. Yaorusheng | Moment | Getty Images As the Iran war rocks Dubai’s safe-haven image, Hong Kong’s expanding tax incentives for family offices may attract wealthy individuals reconsidering their Middle East exposure, lawyers and consultants told Inside Wealth. “We’re seeing a lot more interest in Hong Kong. This interest, especially in the…
Check out the companies making headlines before the bell. Bumble — Bumble shares popped about 21% after the dating app reported strong adjusted EBITDA and revenue results for its fourth quarter. Its first-quarter adjusted EBITDA guidance also beat analyst consensus expectations, per FactSet. Netskope — Shares of the security and networking company plunged 17% on…
