Speaker of the House Mike Johnson, R-La., speaks to reporters as he walks back to his office as the House of Representatives waits to vote on President Trump’s “big beautiful bill” reconciliation package on July 3, 2025. Bill Clark | CQ-Roll Call, Inc. | Getty Images A massive package of tax cuts championed by President…
A resilient macroeconomic backdrop should help Visa ‘s stock continue to be a winner, according to EP Wealth Advisors director of portfolio strategy Adam Phillips. He joined CNBC’s “Power Check” on Thursday to discuss the credit card behemoth and another pick he’s bullish about for its defensive qualities. Visa Phillips said he has been a…
A KKR logo displayed on the floor of the New York Stock Exchange on Aug. 23, 2018. Brendan McDermid | Reuters Moody’s Ratings on Monday downgraded a private credit fund run by KKR and Future Standard to junk amid rising bad loans and a string of weak earnings. The ratings firm lowered the debt ratings…
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Artificial intelligence chips are getting upgraded more quickly than data centers can be built, a market reality that exposes a key risk to the AI trade and Oracle’s debt-fueled expansion. OpenAI is no longer planning to expand its partnership with Oracle in Abilene, Texas, home to the Stargate data center, because it wants clusters with…
Key Points This year’s men’s basketball tournament will provide another data point for how much NIL and the transfer portal have tilted the balance of power to the biggest schools. CNBC spoke with Virginia Commonwealth University’s athletic director about how its success in the NCAA Tournament has transformed the school. Former Syracuse men’s basketball coach…
Bank of America sees Walmart as an emerging leader in artificial intelligence within the retail sector. Analyst Robert Ohmes stuck by his buy rating on shares of Walmart and raised his price objective to $125 per share from $120. That signals approximately 21% upside from Tuesday’s close. Ohmes said Walmart is positioning to be a…
Journalists who cover the Pentagon and the Trump admnistration are in a standoff about new rules that limit the access of the media to most areas within the Pentagon and appear to condition overall entry to the building on an agreement to restrictions in reporting. Defense Secretary Pete Hegseth’s team characterizes the changes as an…
Surging merger and acquisition activity will provide a significant tailwind behind Goldman Sachs ‘ revenue growth, according to Bank of America. In a Monday note, analyst Ebrahim Poonawala reiterated his buy rating on the Wall Street investment bank and hiked his 12-month price objective to $900 from $850. Shares of Goldman Sachs have surged 51%…
A minute before halftime of the inaugural Fanatics Flag Football Classic last weekend, Team USA’s Velton Brown Jr. caught a pass just past midfield. He surveyed the open field around him and scanned the defense. Then he accelerated. As Team Wildcats’ Luke Kuechly tried to pull one of his flags from behind, Brown contorted his…
