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Finance
GOP’s Scalise ends his bid to become House speaker after failing to secure the votes to win gavel
Republican Steve Scalise ended his bid to become House speaker late Thursday after hardline holdouts refused to back the party's nominee, throwing the GOP majority into deeper…
Interest rates take center stage with banks set to report quarterly results
Bank stocks remain under pressure due to high interest rates as financial firms like Club holdings Wells Fargo (WFC) and Morgan Stanley (MS) get ready to kick off earnings season.…
Bank earnings kick off with JPMorgan, Wells Fargo amid concerns about rising rates, bad loans
Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida, U.S.,…
Flexport is laying off 20% of its workforce
Ryan Petersen, chief executive officer of Flexport, participates in a panel discussion during the Milken Institute Global Conference in Beverly Hills, California, U.S., on…
Target shares get upgrade from Bank of America. Here’s what the pros have to say
Market Movers rounded up the latest reactions on Target from investors and analysts. The pros, including Jim Cramer , discussed the Minneapolis-based retail chain after Bank of…
Leon Cooperman expects very little from the market and is only interested in individual stocks
Leon Cooperman at the 2019 Delivering Alpha conference in New York on Sept. 19, 2019.Adam Jeffery | CNBCBillionaire investor Leon Cooperman said he remains a bear with little…
Comcast, Disney hire investment banks to value Hulu as sale process makes progress
Bob Iger, CEO, Disney, and Brian Roberts of ComcastGetty ImagesComcast and Disney have hired investment banks to value Hulu, the next step in what's been a nearly five-year process…
Tesla whistleblowers filed a complaint to the SEC in 2021, but the agency never interviewed them. Here’s what the…
A Tesla Model Y on a Tesla car lot in Austin, Texas, May 31, 2023.Brandon Bell | Getty ImagesIn the fourth quarter of 2021, a Tesla employee and a tech industry researcher jointly…
Sen. Bob Menendez charged with acting as agent of Egypt in superseding indictment
U.S. Senator Robert Menendez (D-NJ) is trailed by reporters after attending a Senate Judiciary Committee hearing on federal judge nominations on Capitol Hill in Washington, U.S.…
American retiree says tipping etiquette is ‘very different’ in Portugal: There’s no ‘constant…
In 2011, I was living in Washington, D.C. with my wife, where we had planned to spend our retirement years.But a family vacation to Lisbon, Portugal in 2015 changed our trajectory.…