Alex Brandon/AP Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. The Trumps have enjoyed a highly lucrative two years, riding a wave of...
Arista Networks continued to grow earnings with AI and enterprise networking leading the charge in its third quarter financial call with Wall Street analysts this week. First off, the company’s CEO and...
HOUSTON >> Oil prices fell 9% today in volatile trading as investors awaited Washington’s next move in the U.S.-Israeli war with Iran after President Donald Trump’s Republican Party lost control of Congress in midterm elections.
The CVS logo is displayed at a CVS store on May 06, 2026 in Los Angeles, California.Mario Tama | Getty ImagesCVS Health plans to break itself up — and this time, the bet looks a lot more viable.The healthcare...
This column is from a special early edition of Trendlines on the economic and market implications of the Democrats’ big win in the midterm elections. If you’d like to receive Trendlines via email on its...
The Fed and mortgage rates. By Wolf Richter for WOLF STREET. Demand for mortgages to purchase a home – a forward-looking indicator for demand in the housing market – dipped again in the latest reporting week...
Key Takeaways Sandisk shares fell 8% today as Democrats swept the Nov. 3 midterms. Investors fear tougher rules for the data-center build-out, plus signs that higher memory prices are hurting parts of the...
A senior Democrat says his party will work to end U.S. President Donald Trump's tariffs on allies, including Canada, when it takes control of Congress next year."We want to have free and fair trade with...
Apple's new CEO John Ternus holds the new iPhone 18 as he attends iPhone launch day at the Apple Fifth Avenue store in New York City on September 18, 2026, for the debut of the iPhone 18 Pro and iPhone 18 Pro...
Key Takeaways Lumentum fell 10% today as AI data-center stocks sold off after the election, with Marvell and Coherent down too. Marvell is paying in its own stock, so every drop in Marvell’s shares cuts what...
Kraft Heinz says its turnaround is on track. And in a bid to focus its portfolio of brands, it will sell a majority of its coffee business to a private equity group and use the proceeds to pay down debt.
Commerzbank’s Charlie Lay and Dr. Henry Hao highlight that the People’s Bank of China raised the FX reserve requirement ratio to slow rapid CNY gains after a 13-session winning streak. They stress the move is counter-cyclical, aimed at preserving two-way flexibility rather than reversing the appreciation trend, and note USD/CNY and USD/CNH both bounced to 6.67 on the announcement.
The great sleeping giant of the US has awakened, taken a hard look at what’s become of the nation, and roared a thunderous “NO!”What occurred on Tuesday was not – as some are saying – the inevitable midterm...
Mortgage application activity declined in October as the 30-year fixed mortgage rate rose sharply again. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, fell 14.1% month-over-month in October on a seasonally adjusted basis. Compared to a year ago, total mortgage applications were 39.8% lower. Higher fixed mortgage rates...
watch nowThe artificial intelligence data center boom hit a roadblock on election night, further complicating the tech industry's historic expansion plans.There were 41 local ballot measures in 10 states up...
Kraft Heinz has agreed to sell its North American coffee business to an affiliate of One Rock Capital Partners for an enterprise value of $650 million, while keeping a 30% stake in the business.
Lockheed Martin F-35 Lightning II of the Royal Netherlands Air and Space Force RNLASF spotted during a military exercise at Eindhoven Air BaseNurphoto | Nurphoto | Getty ImagesThe blue wave across the country...
The newly elected Democratic majorities in the Senate and the House are planning to pass a flurry of bills as soon as they take the reins next January, CNBC has learned, and are preparing to tussle with an...