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Finance
Fed rate cuts should favor preferred stocks, Virtus money manager says
One financial firm is trying to capitalize on preferred stocks – which carry more risks than bonds, but aren't as risky as common stocks.Infrastructure Capital Advisors Founder and…
52-year-old worked 90-hour weeks in an oil refinery to save money for his business—now he’s worth $9.5 billion
When Todd Graves and Craig Silvey came up with the idea for a restaurant in southern Louisiana that only sold chicken fingers, they probably didn't expect to get the lowest grade…
Supreme Court declines to block Biden rules on planet-warming methane and toxic mercury emissions
Flames from a flaring pit near a well in the Bakken Oil Field. The primary component of natural gas is methane, which is odorless when it comes directly out of the gas well. In…
46-year-old turned 400 of his employees into millionaires by selling his startup for $3.7B: ‘These are life-changing…
When Jyoti Bansal made "the hardest decision" of his career — selling his software startup AppDynamics for billions — he did it with his employees in mind.In 2017, AppDynamics was…
Buttigieg claps back at Elon Musk for false claims about Helene federal response
Transportation Secretary Pete Buttigieg spoke directly to Elon Musk Friday on the billionaire's X platform, part of an effort to counter false conspiracies about federal disaster…
Mortgage rates spike after stronger-than-expected jobs report
The average rate on the 30-year-fixed mortgage jumped 27 basis points Friday morning following the release of the government's monthly employment report. The rate is now 6.53%,…
Stocks making the biggest moves midday: Rivian, Abercrombie & Fitch, CVS, Spirit Airlines and more
Check out the companies making headlines in midday trading. Abercrombie & Fitch - Shares of the teen apparel retailer jumped nearly 8% after JPMorgan added it to its positive…
Jim Cramer tells investors to put this chipmaker and this bank on their buy lists
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Friday's key moments. Wall Street moved modestly…
10-year Treasury yield soars after jobs report blows past expectations
U.S. Treasury yields jumped Friday as investors digested a better-than-expected September jobs report.The 10-year Treasury yield was higher more than 9 basis points at 3.946%,…
U.S. job creation totaled 254,000 in September, much better than expected
The U.S. economy added far more jobs than expected in September, pointing to a vital employment picture as the unemployment rate edged lower, the Labor Department reported…