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Finance
10-year Treasury yield shoots higher as January CPI is hotter than expected
The yield on the 10-year Treasury note surged on Tuesday after January inflation data came in stronger than expected.The 10-year Treasury yield added 15 basis points to 4.32%,…
Stocks making the biggest moves after hours: Lyft, Robinhood, Airbnb, MGM Resorts and more
Check out the companies making headlines in extended trading. Robinhood Markets — Shares jumped 8% after the trading platform posted a surprise earnings and revenue beat. Robinhood…
Instacart to lay off 250 employees, or about 7% of the company, as part of restructuring
A smartphone with an Instacart logo displayed is seen in this illustration taken March 25, 2022.Dado Ruvic | ReutersInstacart on Tuesday announced it would lay off about 250…
The stock market decline on hotter inflation presents a buying opportunity. Here’s why
Wall Street took a nosedive Tuesday following the before-the-bell release of hotter-than-expected January consumer inflation data. In response, bonds sold off, pushing the 10-year…
Why Tuesday’s pullback is a healthy break in the rally and how we are playing it
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. We're no…
Lael Brainard slams food companies for ‘shrinkflation’ as White House attacks price gouging
Director of the National Economic Council Lael Brainard speaks during the daily press briefing at the White House January 11, 2024 in Washington, DC. Brainard fielded a range of…
Stocks making the biggest moves midday: JetBlue Airways, Shopify, Biogen and more
Check out the companies making headlines in midday trading. WK Kellogg — The cereal company's shares surged 11% after posting a beat on both top and bottom lines in the fourth…
As online romance scams rise, banks ask for help to save victims billions
The banking industry is seeking help from the federal government and the social media industry to stop an escalating crisis that's costing Americans billions of dollars every year:…
Boeing orders, deliveries dry up in January as plane-maker grapples with latest Max crisis
An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019.Lindsey Wasson | ReutersBoeing's aircraft…
Paramount Global lays off about 800 employees, a day after announcing record Super Bowl ratings
Paramount executive Bob Bakish attends the 2022 MTV Europe Music Awards (EMAs) at the PSD Bank Dome in Duesseldorf, Germany, November 13, 2022. Thilo Schmuelgen | ReutersParamount…