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just now • global •

Dow pops 300 points as Wall Street rallies a day after big Fed rate cut: Live updateswww.cnbc.com
Dow pops 300 points as Wall Street rallies a day after big Fed rate cut: Live updates

Central bank policymakers trimmed rates by 50 basis points Wednesday. Stocks initially surged but ultimately closed lower.
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just now • politics •

Trump Media shares slide with DJT sale restrictions set to liftwww.cnbc.com
Trump Media shares slide with DJT sale restrictions set to lift

Donald Trump, the majority shareholder of Trump Media and the biggest name on Truth Social, said he has no plans to sell his DJT stock when lockup ends.
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just now • politics •

Biden’s student debt forgiveness plan to remain blocked, federal judge orderswww.cnbc.com
Biden’s student debt forgiveness plan to remain blocked, federal judge orders

U.S. District Judge Randal Hall extended a restraining order against the Biden administration's latest student debt forgiveness plan.
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just now • technology •

Tesla’s Chinese rival Nio cuts price for new Onvo-branded carwww.cnbc.com
Tesla’s Chinese rival Nio cuts price for new Onvo-branded car

There's yet another Chinese electric car aiming to undercut Tesla, with a steeper discount.
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just now • global •

August home sales drop more than expected, as prices set a new recordwww.cnbc.com
August home sales drop more than expected, as prices set a new record

The median price of an existing home sold in August was $416,700, up 3.1% from August 2023.
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just now • global •

Bank of England presses pause on rate cuts, highlights 'gradual approach'www.cnbc.com
Bank of England presses pause on rate cuts, highlights 'gradual approach'

The decision to hold comes after the U.S. Federal Reserve kicked off its own monetary easing with an aggressive 50 basis point rate cut.
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just now • global •

UAW warns of potential strikes at Ford, Stellantis a year after unprecedented work stoppageswww.cnbc.com
UAW warns of potential strikes at Ford, Stellantis a year after unprecedented work stoppages

The UAW has announced a strike deadline at a Ford tool and die plant that supports F-150 production as well as strike authorization voting at Stellantis.
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just now • technology •

Amazon introduces Amelia, an AI assistant for third-party sellerswww.cnbc.com
Amazon introduces Amelia, an AI assistant for third-party sellers

Amelia is the latest generative AI product from Amazon, which is using the technology across its retail portfolio.

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1 day ago • global •

Powell downplays impact of rate cut on Trump-Harris presidential racewww.cnbc.com
Powell downplays impact of rate cut on Trump-Harris presidential race

Vice President Kamala Harris and former President Donald Trump are each fighting to persuade voters they are best candidate for the U.S. economy.
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1 day ago • global •

Elon Musk's X 'declined to send an appropriate witness' to Senate hearing on election threats, Warner's office sayswww.cnbc.com
Elon Musk's X 'declined to send an appropriate witness' to Senate hearing on election threats, Warner's office says

A representative for Mark Warner, chair of the Senate Intelligence Committee, said X "declined to send an appropriate witness" to an election security hearing.
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1 day ago • global •

Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four yearswww.cnbc.com
Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years

The Federal Reserve on Wednesday lowered the federal funds rate to a range between 4.75%-5%.

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1 day ago • global •

Fed meeting recap: Chair Jerome Powell defends central bank's decision to go big with first cutwww.cnbc.com
Fed meeting recap: Chair Jerome Powell defends central bank's decision to go big with first cut

The Federal Reserve slashed interest rates by 50 basis points at the conclusion of its September policy meeting.
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2 days ago • health •

Novartis not joining the 'frenzy' of weight loss drugs, CEO sayswww.cnbc.com
Novartis not joining the 'frenzy' of weight loss drugs, CEO says

Swiss pharmaceutical giant Novartis said Wednesday that it does not plan to enter into the "frenzy" of weight loss drugs.
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2 days ago • global •

Japan faces labor shortages and demographic crisis as elderly population hits record high www.cnbc.com
Japan faces labor shortages and demographic crisis as elderly population hits record high

Japan's number of people aged 65 and over has reached a record high, cementing it as the worlds most elderly country, according to government statistics.

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2 days ago • technology •

23andMe CEO Anne Wojcicki 'surprised and disappointed' by board resignations: Read the memowww.cnbc.com
23andMe CEO Anne Wojcicki 'surprised and disappointed' by board resignations: Read the memo

In a memo to employees on Tuesday, 23andMe CEO Anne Wojcicki said the company will search for new directors.
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