Business News

Josh Brown: Materials started the year on fire. These ones made our Best Stocks list
Josh Brown and Sean Russo take a look at the materials names on their Best Stocks list.

This Valentine's Day, name a New York City rat after your ex
BetUS is celebrating the day of love by forming a Rat basketball team. And if you've been through a bad breakup, you can help choose the player names

Greenspan, Bernanke, Yellen and other past officials say Trump using 'prosecutorial attacks' to undermine Fed
Previous Federal Reserve chairs, Treasury secretaries and prominent economists came together Monday to support Jerome Powell.

PG&E reaches $100 million shareholder settlement over 2017, 2018 California wildfires
The parent of Pacific Gas and Electric reached a $100 million settlement with shareholders who accused it of misleading them about wildfire protocols.

Alphabet hits $4 trillion market capitalization
The milestone comes after the company surpassed Apple as the second most valuable company.

Dow falls more than 200 points as DOJ Powell probe raises fear Trump trying to take control of the Fed: Live updates
Stocks fell Monday after the Department of Justice opened a criminal investigation into Federal Reserve Chair Jerome Powell.

Paramount Skydance sues Warner Bros. Discovery in hostile takeover attempt
The lawsuit comes shortly after the WBD board once again told shareholders to reject Paramount's offer.

This screen turned up several options trading ideas, including how to play Alcoa ahead of earnings
Because options strategies may have leverage, convexity and path-dependence, picking a high-quality underlying stock can give an investor an edge.

Tech investors assess minerals mining as U.S. takeover talk on Greenland grows, CEO tells CNBC
The geopolitical firestorm raging over the Arctic island has brought commercial opportunities to the fore.

Trump's credit card rate cap plan has unclear path, 'devastating' risks, bank insiders say
A 10% rate cap would make large swaths of the credit card industry unprofitable, especially tied to customers with less-than-ideal credit, banks say.

Big banks had a big year. Now they face a big political test
Wall Street is poised to report record profits. But Trump’s threat on credit card interest rates injected fresh uncertainty into earnings season

Trump's Department of Justice is investigating Fed Chair Jerome Powell
Powell has labored to avoid a direct confrontation with the White House in its scorched-earth effort to pressure the Fed into cutting borrowing costs

Texas-based American Airlines will soon begin serving award winning BBQ on some flights
Brisket and sides will be served at 20,000 feet from one of the state's most respected pitmasters

Eli Lilly and Nvidia to launch a $1B-plus AI drug discovery lab
A multiyear co-innovation lab ties Eli Lilly’s drug pipeline to Nvidia’s next hardware cycle, betting faster discovery comes from tighter loops

Yellen says Powell probe 'extremely chilling' for Fed independence, market should be concerned
Former Fed Chair Janet Yellen spoke Monday to CNBC about a Department of Justice investigation into current Chair Jerome Powell.

Capital One drops 6%, other banks hit after Trump calls for credit card rate cap
Posting on Truth Social, Trump said he would "no longer let the American Public be 'ripped off' by Credit Card Companies."

Discount grocer Aldi plans to open more than 180 stores in U.S. this year as customers across incomes seek value
Aldi's growth reflects the fiercer competition with traditional players as discounters lure away shoppers and win more of their weekly grocery runs.

$50 per barrel: Trump's magic number in Venezuela
Trump's push to cut oil prices runs counter to the desire of the U.S. oil companies, which are struggling to maintain profits and shareholder dividends

The 'Sell America' trade is back because Trump’s DOJ is going after Fed Chair Jerome Powell
Gold rose to a new record high as economists voiced concerns that the DOJ's probe into the Fed chair will erode the central bank’s independence

Bill Gates gave $8 billion to ex-wife Melinda's foundation. It’s among the largest donations ever
Years after the split, the payment helped turn Melinda French Gates’ foundation into one of the largest private philanthropies in America