David Tepper, founder and president of Appaloosa Management. Cameron Costa | CNBC Hedge fund billionaire David Tepper said the Federal Reserve could cut rates a bit more, but then risks more inflation and other dangers to the economy and markets if the central bank goes further than that. In other words, be careful what you wish…
Nike shares will do well as the athletic apparel brand refreshes its product offerings and organizational structure, RBC told clients on Thursday. The bank upgraded Nike to outperform from sector perform. It raised the stock’s price target to $90 from $76, implying 24% upside. RBC pointed to Nike CEO Elliott Hill’s overhaul this year of…
American Express platinum business card. Courtesy: American Express American Express on Thursday unveiled updates to its flagship credit card amid heightened industry competition over the country’s high spenders. The company said that consumer and business versions of its refreshed Platinum card now carry an $895 annual fee, about 29% higher than the current fee of…
Lip-Bu Tan, chief executive officer of Intel Corp., departs following a meeting at the White House in Washington, DC, US, on Monday, Aug. 11, 2025. Alex Wroblewski | Bloomberg | Getty Images This is breaking news. Please refresh for updates. Nvidia said it will invest $5 billion in Intel as part of a deal to…
Ruth Jones, immunization nurse, holds a Pfizer-BioNTech COVID-19 vaccine (brand name: Comirnaty) at Borinquen Health Care Center in Miami, Florida, on May 29, 2025. Joe Raedle | Getty Images Covid shot access and coverage in the U.S. hang in the balance as an influential government vaccine panel hand-picked by Health and Human Services Secretary Robert…
Workday CEO Carl Eschenbach told CNBC’s Jim Cramer on Wednesday that the rise of artificial intelligence is positive for his company, pushing back against what he called a “narrative out there that AI is eating the software world.” “For some people, AI may be a headwind. For Workday, it’s a tailwind,” Eschenbach said. “We have…
It’s getting harder to find work in the United States. U.S. businesses added just 22,000 jobs from July to August, according to the Bureau of Labor Statistics, and massive revisions to federal jobs data show that the pace of hiring was notably low in summer 2025. “Gone are the days of 200,000 jobs every month,”…
NEW YORK – Hyundai Motor is increasing its revenue expectations for this year, despite ongoing U.S. tariffs causing the automaker to lower its expected operating profit margin for 2025. The new targets call for an operating profit margin this year of between 6% and 7%, down from 7% to 8%, and an increase in revenue…
U.S. President Donald Trump and King Charles III during a state banquet at Windsor Castle for the State visit by the President of the United States of America on September 17, 2025 in Windsor, England. Wpa Pool | Getty Images News | Getty Images U.S. President Donald Trump is due to leave Windsor Castle, where…
The Federal Reserve announced Wednesday it will lower its benchmark rate by a quarter point, paving the way for relief from some of the high borrowing costs that have weighed on consumers. The federal funds rate, which is set by the Federal Open Market Committee, is the interest rate at which banks borrow and lend to one…
