Federal Reserve Board Chairman Jerome Powell holds a news conference following a Federal Open Market Committee meeting on June 18, 2025 in Washington, DC. Win Mcnamee | Getty Images President Donald Trump’s budget chief on Thursday said that Federal Reserve Chairman Jerome Powell “has grossly mismanaged the Fed” and suggested he had misled Congress about…
Halfpoint Images | Moment | Getty Images President Donald Trump’s signature on his so-called “big beautiful bill” was a death blow for tax credits that lowered the cost of electric vehicles. Those tax credits — worth up to $7,500 and $4,000 for purchases of new and used EVs, respectively — won’t be available after Sept….
There’s no better time to stick with Costco than right now, Jim Cramer says, on the back of the company’s solid June sales report late Wednesday. “You’re going to want to stay with Costco because that’s going to be the way you fight inflation,” Jim said Thursday on “Squawk on the Street,” a day after…
Check out the companies making the biggest moves midday: MP Materials — The rare earth miner soared more than 47% after the company announced the Defense Department would buy $400 million in preferred stock . “We remain a thriving public company. We now have a great new partner in our economically largest shareholder, DoD, but…
Boxes are selected on a conveyor belt during Cyber Monday at Amazon’s fulfillment center in Robbinsville, New Jersey, U.S., December 2, 2024. Eduardo Munoz | Reuters Daphnee Poteau, a Haitian who came to the U.S in 2023, began working for Amazon last year at a returns center in Indianapolis. While packing up boxes, she met her husband…
To rank America’s Top States for Business in 2025, CNBC scored all 50 states on 135 metrics in 10 broad categories of competitiveness. The fundamentals of the study, now in its 19th year, are the same as they have always been, identifying the factors companies consider year after year when making site selection decisions, and that…
Pavlo Gonchar | Lightrocket | Getty Images Space startup Varda announced on Thursday that it has raised $187 million in Series C funding, led by venture capital firms Natural Capital and Shrug Capital, to continue advancing drug manufacturing in space. The latest round included participation from Peter Thiel, Lux Capital, Khosla Ventures and Caffeinated Capital….
My top 10 things to watch Thursday, July 10 1. Stock futures were little changed as President Donald Trump ramped up the tariffs pressure. The Pentagon, meanwhile, will become the largest shareholder in American rare earth miner MP Materials , via a $400 million investment in preferred stock. Shares surged more than 60% this morning….
Key Points A third of investment firms of the ultra-rich have invested in sports, according to a new family office survey by BNY Mellon. While billionaire sports-team buyouts get the headlines, family offices are increasingly investing in adjacent assets like live-viewing venues and betting apps. Here’s how the family offices of ultra-rich sports team owners…
Dennis Macdonald | Photographer’s Choice Rf | Getty Images With a solid economy, a world-class workforce, and a wealth of corporate hospitality, North Carolina is America’s Top State for Business in 2025. The Tar Heel State is on a roll. It captured top honors in the annual CNBC rankings in 2022 and 2023, and it…
