Three Russian military jets violated NATO member Estonia’s airspace for 12 minutes on Friday in an “unprecedentedly brazen” incursion, its government said, the latest in a series of recent military actions by Russia that have rattled the alliance. Russia’s Defence Ministry denied its jets violated Estonian airspace, saying they flew over neutral waters. With tensions…
Heads of European financial institutions are warning of risks in the rapidly growing, multi-trillion-dollar private credit market, with one executive saying parts of it resemble a “casino.” Oliver Bate, chief executive of Allianz , one of the world’s largest insurers, told CNBC that “uncontrolled” growth in the private credit space — which faces much less…
BEIJING — After helping shape the early years of Chinese e-commerce, followed by years of management missteps , Alibaba is betting big on artificial intelligence as it takes on a new era. This month, Alibaba led a roughly $100 million investment round in humanoid startup X Square Robot , and put $60 million into the…
The Social Security Administration won’t announce the 2026 cost-of-living adjustment (COLA) to benefits until next month, but experts are already making forecasts. The Senior Citizens League (TSCL) estimates the COLA bump will be 2.7%. That’s up from the 2.5% increase retirees received in 2025, one of the lowest on record. But it’s still shy of the…
As Paramount Skydance prepares a bid for Warner Bros. Discovery, CNBC’s David Faber reported Friday an offer could land in the range of $22 to $24 per share. Faber, citing sources, cautioned that price range was speculative and that an offer could come later than previously expected. WBD shares gained about 1.5% Friday morning to…
Small-cap stocks may see even more gains in their future after hitting recent highs this week, according to Steven DeSanctis, an equity strategist covering small- and mid-cap companies at Jefferies. DeSanctis increased his year-end 2025 target on the Russell 2000 index to 2,665, implying about an 8% upside from Thursday’s closing price. That would also…
As inflation drives up the cost of most goods and services, gas is one of the few things that hasn’t gotten more expensive, and it might even get cheaper this fall. The national average for a gallon of gas in the U.S. was $3.17 as of Monday, down about two cents from the week before,…
Speaker of the House Mike Johnson (R-LA) speaks at a press conference with other members of House Republican leadership in Washington, DC on Sept. 16, 2025. Nathan Posner | Anadolu | Getty Images WASHINGTON — The Senate voted Friday to block dueling Republican and Democratic proposals to keep the federal government funded on a short-term…
U.S. Treasury Secretary Scott Bessent speaks to the press, on the day of U.S.-China talks on trade, economic and national security issues, in Madrid, Spain, September 15, 2025. Violeta Santos Moura | Reuters White House confidante Steve Bannon has an unusual solution for who should take over as Federal Reserve Chair Jerome Powell next year….
CNBC’s Jim Cramer on Friday walked investors through next week on Wall Street, telling them to pay attention to new economic data and earnings from Micron and Costco. He also suggested many sectors will continue to rally, even as some investors may be skeptical of recent gains. “One of these days, we will have a…
