Business

Federal Reserve Governors Michelle Bowman and Christopher Waller pose for a photo, during a break at a conference on monetary policy at Stanford University’s Hoover Institution, in Palo Alto, California, U.S. May 6, 2022. Picture taken May 6, 2022. Ann Saphir | Reuters The early departure of the Federal Reserve’s top financial regulator allows for

After Akio Toyoda, CEO and President of Toyota, announced he was stepping down on Thursday, he shared his advice to his successor and his business philosophy. Photo by Yoshikazu Tsuno | Gamma-rapho | Getty Images LAS VEGAS — Toyota Motor is exploring the development and production of orbital rockets, Chairman Akio Toyoda said Monday. The

Anadolu | Anadolu | Getty Images Bitcoin ETFs were a hit with investors in 2024, and now asset management firms are starting to build out ways to combine crypto and derivatives in exchange-traded packages. New products are set to roll out this month. Asset manager Calamos announced Monday that it will launch a structured protection

The Federal Reserve’s top banking regulator will be stepping down next month, paving the way for President-elect Donald Trump to name a replacement and heading off a potential confrontation between the two. Michael Barr’s resignation from the position, which is formally called the vice chair for supervision, takes effect as of Feb. 28, though he

Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images Lucid Group on Monday reported record quarterly vehicle deliveries for the fourth quarter and confirmed production of more than 9,000 vehicles in 2024 — meeting a previously announced target.

A Jeju Air Boeing 737-800 taking off from Osaka Kansai airport.  Fabrizio Gandolfo | Lightrocket | Getty Images Accident investigators are trying to figure out what caused a Jeju Air flight to belly-land without its landing gear down at Muan International Airport in southwestern South Korea, killing all but two of the 181 people on

Israel Sebastian | Moment | Getty Images Investors who hold exchange-traded funds can often escape a tax bill incurred by those with mutual funds, which are generally less tax efficient, according to investment experts. ETFs and mutual funds are baskets of stocks, bonds and other financial assets overseen by professional money managers. But they have

Major U.S. indices had a good run in 2024, thanks to the buzz around artificial intelligence and interest rate cuts. However, macro uncertainty could weigh on investor sentiment in 2025. In this scenario, investors looking for regular income can consider adding dividend stocks to their portfolios. Top Wall Street analysts can help investors pick attractive

Sports betting company DraftKings’ logo is displayed on a smartphone screen. Budrul Chukrut | Lightrocket | Getty Images DraftKings is upping the ante. The sportsbook is testing out a new subscription service called DraftKings Sportsbook+ designed to provide paying customers a boost in odds. The $20 per month subscription service launched quietly on Dec. 28

Ken Griffin, founder and CEO of Citadel, speaks during The New York Times’ annual DealBook Summit in New York City, Dec. 4, 2024. Michael M. Santiago | Getty Images Billionaire investor Ken Griffin’s handful of hedge funds at Citadel all posted double-digit returns in 2024, led by its tactical trading strategy. Citadel’s multistrategy Wellington fund,

Another earning season is over. The winners? Most of our stocks. Twenty-three out of 33 portfolio names delivered third-quarter reports were deemed good or great by the Investing Club, thanks partly to a still-strong consumer and largely to the massive build out of all things AI. Case in point: In the S & P 500,

Attendees view the 2025 Ford Bronco Stroppe Special Edition during the AutoMobility LA 2024 auto show at the Los Angeles Convention Center on November 21, 2024. Robyn Beck | Afp | Getty Images DETROIT – Sales of new vehicles in the U.S. continued to rise last year, rebounding from historical lows caused by the coronavirus

Rivian electric vehicles (EV) are parked at the Rivian Venice Hub on November 13, 2024 in Venice, California.  Mario Tama | Getty Images Shares of Rivian Automotive recorded their best day ever after the electric vehicle maker reported 2024 production and deliveries that were in line with its previously announced expectations. Rivian stock closed Friday

D3sign | Moment | Getty Images Stocks soared in 2024. Congratulations! After taking a victory lap, it may be time to adjust your portfolio — because those heady returns likely threw your investment allocations out of whack. The S&P 500, a stock index of the largest public U.S. companies by market capitalization, gained 23% in

Tesla posted its fourth-quarter vehicle production and deliveries report on Thursday. Here are the key numbers: Total deliveries Q4 2024: 495,570 Total production Q4 2024: 459,445 Total annual deliveries 2024: 1,789,226 Total annual production 2024: 1,773,443 Results for the quarter represented the first annual drop in delivery numbers for Tesla, which reported 1.81 million deliveries in 2023.

CFOTO | Future Publishing | Getty Images Noted short seller Hindenburg Research disclosed a bet against Carvana on Thursday, claiming the online used-car retailer’s recent turnaround is a “mirage” that is being propped up by unstable loans and accounting manipulation. The report, called “Carvana: A Father-Son Accounting Grift For The Ages,” centers on Carvana’s practice

A holding page for Keith Gill, a Reddit user credited with inspiring GameStop’s rally, before a YouTube livestream arranged on a laptop at the New York Stock Exchange on June 7, 2024. Michael Nagle | Bloomberg | Getty Images Crypto trades jumping. Roaring Kitty boosting meme stocks. Broader market ripping on no apparent catalysts. Animal

A rough year for the restaurant industry led many chains to close underperforming locations in 2024, as they try to improve their sales in the years to come. Inflation-weary consumers pulled back their restaurant spending in 2024 and instead sought value and discounts when they did choose to dine outside their homes. Overall U.S. restaurant

Representations of cryptocurrency Bitcoin are seen in this illustration taken Nov. 25, 2024. Dado Ruvic | Reuters After a blistering rally in bitcoin this year, crypto investors and industry executives told CNBC they’re expecting the flagship cryptocurrency to hit new all-time highs in 2025. In December, the world’s largest cryptocurrency broke the highly anticipated $100,000,

America’s oldest horse racetrack is closing after running its last race on the final weekend of 2024.  Freehold Raceway in New Jersey, co-owned by Penn Entertainment, tried for decades to land a casino but failed. Like many tracks around the nation, it grappled with declining attendance and revenue. It had been operating for more than 170

Personal finances are top of mind for many households as they get set to ring in the new year. About 38% of Americans ranked financial stability as their No. 1 focus area for 2025, according to a recent Allianz Life survey. CNBC reached out to certified financial planners on its Financial Advisor Council to list

For decades, Art Cashin, UBS’ director of floor operations at the New York Stock Exchange, would write a New Year’s poem to reflect back on the year’s events. With Cashin’s passing earlier this month, his sons, Arthur and Peter, sent this homage to their father: Some Other Cashins’ Comments:  An Homage PresentationDecember 30, 2024  by

The wreckage of the Jeju Air aircraft that went off the runway and crashed lies at Muan International Airport, in Muan, South Korea, December 30, 2024.  Kim Hong-ji | Reuters Aviation experts are questioning the role of an airport design that positioned a mound of dirt and a concrete wall past the end of a

Janet Yellen, U.S. Treasury secretary, on a tour of the Financial Crimes Enforcement Network (FinCEN) in Vienna, Virginia, on Jan. 8, 2024. Valerie Plesch/Bloomberg via Getty Images An upcoming Treasury Department deadline for millions of small businesses to fulfill a new reporting requirement on “beneficial ownership information” was delayed again, following a court order that

People check-in for their flights at the airport ahead of the Thanksgiving Holiday at Hartsfield-Jackson Atlanta International Airport, in Atlanta, Georgia, U.S., November 27, 2024.  Megan Varner | Reuters It’s been another eventful year for U.S. air travel. Just five days into the year, a door panel blew off of a nearly new Boeing 737

Images By Tang Ming Tung | Digitalvision | Getty Images Many people, especially those with debt, will be discouraged by the recent Federal Reserve forecast of a slower pace of interest rate cuts than previously forecast. However, others with money in high-yield cash accounts will benefit from a “higher for longer” regime, experts say. “If

This year was a busy one for investors, especially in light of the U.S. presidential election, growing excitement around artificial intelligence and the continued focus on elevated interest rates. While macro conditions are expected to improve in the new year, there are concerns about a possible U.S.-China trade war and lofty valuations could weigh on

The New York Liberty celebrate after wining the 2024 WNBA Championship against the Minnesota Lynx during Game 5 of the 2024 WNBA Finals on October 20, 2024 at Barclays Center in Brooklyn, New York.  David Sherman | National Basketball Association | Getty Images The advertising market has positive momentum going into 2025 — especially for

(L to R) Rupert Murdoch, executive chairman of News Corp and chairman of Fox News, and Lachlan Murdoch, co-chairman of 21st Century Fox, walk together as they arrive on the third day of the annual Allen & Company Sun Valley Conference, July 13, 2017 in Sun Valley, Idaho. Drew Angerer | Getty Images News |

The 10-year Treasury yield rose again on Friday, hovering near a seven-month high. The yield on the benchmark 10-year Treasury was 4 basis points higher at 4.626%. The 10-year rate hit a high of 4.641% in the previous session, hitting its highest level since May. The 2-year Treasury was fractionally lower at 4.318%. One basis point is equal