Matt Gaetz resigned from Congress to be President-elect Donald Trump's attorney general pick, casting doubt on whether the ethics panel would share its report.

CNBC | World Business News Leader

19.12.2024

One chip play is up nearly 40% in December, and its dividend is growing

This semiconductor stock offers investors a combination of capital appreciation, income and dividend growth – and it's having a hot month.

CNBC | World Business News Leader

19.12.2024

Oklo targets 12 gigawatts of new nuclear power in deal with data center operator

Oklo and data center operator Switch announced a deal on Wednesday, in which the nuclear startup would deploy 12 gigawatts of power over the next two decades.

CNBC | World Business News Leader

19.12.2024

The Fed's dot plot shows only two rate cuts in 2025, fewer than previously projected

The so-called dot-plot, which indicates individual members' expectations for rates, showed officials see interest rates falling to 3.9% by the end of 2025.

CNBC | World Business News Leader

19.12.2024

Micron shares plunge on weak second-quarter guidance

Micron shares plunged in extended trading after the chipmaker issued weaker-than-expected second-quarter guidance.

CNBC | World Business News Leader

19.12.2024

AMD invests in GPU cloud provider Vultr at $3.5 billion valuation

AMD's investment in Vultr comes after Nvidia backed GPU startup CoreWeave.

CNBC | World Business News Leader

19.12.2024

Stellantis further delays electric Ram pickup truck

Stellantis said Wednesday it will further delay an all-electric Ram pickup from next year until 2026.

CNBC | World Business News Leader

19.12.2024

China self-driving truck company TuSimple pivots to genAI for games

Chinese autonomous trucking company TuSimple has rebranded to CreateAI, with a focus on video games and animation, the company announced Thursday.

CNBC | World Business News Leader

19.12.2024

TikTok ban case will be heard by Supreme Court

President-elect Donald Trump has said, "I have a warm spot in my heart for TikTok," and said that he will look at the potential ban of the social media app.

CNBC | World Business News Leader

19.12.2024

2025 U.S. auto sales expected to be best since 2019

S&P Global, Edmunds and Cox Automotive expect new auto sales to increase year over year by 2.5% or less to achieve the industry's best results since 2019.

CNBC | World Business News Leader

19.12.2024

Trump joins Elon Musk in opposing House GOP's government funding bill

President-elect Donald Trump came out against a government funding bill backed by Republican House Speaker Mike Johnson.

CNBC | World Business News Leader

19.12.2024

What a potential Nissan-Honda merger could mean for the auto industry

Nissan and Honda are understood to be exploring a blockbuster merger as the two rival companies seek to stay competitive on the road to full electrification.

CNBC | World Business News Leader

19.12.2024

Trump NASA pick Jared Isaacman made big bet on stablecoins with Shift4

Before being chosen by President-elect Trump to lead NASA, Jared Isaacman guided his payments company Shift4 into the crypto market.

CNBC | World Business News Leader

19.12.2024

Suki, Google Cloud expand partnership on assistive health tech

Health-care AI startup Suki is building patient summary and Q&A features using Google Cloud's Vertex AI platform.

CNBC | World Business News Leader

19.12.2024

Merck signs weight loss pill licensing deal with Hansoh Pharma

Merck will pay Hansoh $112 million upfront for rights to the drug, with the potential for an additional $1.9 billion in payments and royalties on sales.

CNBC | World Business News Leader

19.12.2024

Luxury safaris adapt as travelers push for meaningful experiences

Luxury travelers want more from safaris today, pushing the industry to offer experiences that highlight animal conservation efforts and neighboring communities.

CNBC | World Business News Leader

19.12.2024

The Fed cut rates by another quarter point: What that means for you

The central bank has now shaved a full percentage off its benchmark rate since September. Here's what it means for your borrowing costs.

CNBC | World Business News Leader

19.12.2024

New Zealand sinks into recession, more rate cuts coming

New Zealand's economy sank into recession in Q3 amidst plunging activity and slashed output, cementing the case for more aggressive rate cuts.

CNBC | World Business News Leader

19.12.2024

Cramer explains why the market melted down after the Fed cut rates

Cramer said weak industries like housing and autos are met with rising inflation in food, insurance, healthcare and rent, which require different answers.

CNBC | World Business News Leader

19.12.2024

OpenAI makes ChatGPT available for phone chats

OpenAI on Wednesday rolled out a new way to talk to its viral chatbot: 1-800-CHATGPT.

CNBC | World Business News Leader

19.12.2024

Holiday decor spending could help retailers

Retailers are trying to capitalize on customers going big on decorating, especially as discretionary spending is still under pressure.

CNBC | World Business News Leader

19.12.2024

Senate may soon vote on a bill to change certain Social Security rules

In the final days of this congressional session, the Senate could vote to nix rules affecting certain pensioners that have been in place for decades.

CNBC | World Business News Leader

19.12.2024

Mortgage demand drops for the first time in 5 weeks, after interest rates rise

Total application volume fell 0.7% compared with the previous week, according to the MBA's seasonally adjusted index. That was the first decline in five weeks.

CNBC | World Business News Leader

19.12.2024

Why the stock market was so disappointed by the Fed Wednesday

Investors were more concerned with what the Fed projected in its forecast for 2025 than they were heartened by the December cut.

CNBC | World Business News Leader

19.12.2024

Wharton Jeremy Siegel: stock sell-off after Fed rate cut is healthy

Wharton's Jeremy Siegel expects the Fed to pare back the number of rate cuts next year, with just one or two reductions.

CNBC | World Business News Leader

19.12.2024

Bank of Japan holds rates at 0.25%, yen weakens to one-month low

The decision comes a day after the U.S. Federal Reserve cut rates by 25 basis points, bringing the federal funds rate to 4.25%-4.5%.

CNBC | World Business News Leader

19.12.2024

Wall Street mixed on Europe stocks for 2025. Here are their big calls

While some banks are bearish, and expect a decline, others are forecasting high single digit gains for the Stoxx Europe 600 index.

CNBC | World Business News Leader

18.12.2024

Fears over inflation, tariffs cloud the economic outlook, CNBC survey found

Economists and strategists are uncertain about the inflation outlook, the CNBC Fed Survey for December found.

CNBC | World Business News Leader

18.12.2024

Fed has big interest rate decision on Wednesday. Here's what to expect

Traders are pricing in a near certainty that the Fed on Wednesday will lower its key rate by a quarter percentage point.

CNBC | World Business News Leader

18.12.2024

Why the Dow is in such a historic funk and how concerned you should be

There are many reasons to believe the Dow's historic losing streak is not a source for major concerns.

CNBC | World Business News Leader

18.12.2024

Investors so confident in stocks, they have record low cash allocation

Bank of America's closely followed survey found fund managers set a record low share of assets in cash going back to at least 2001.

CNBC | World Business News Leader

18.12.2024

Databricks valued at $62 billion from $10 billion financing

The company's new valuation is up from $43 billion in 2023.

CNBC | World Business News Leader

18.12.2024

Salesforce will hire 2,000 people to sell AI products, CEO Benioff says

Salesforce CEO Marc Benioff said his company is bringing on more salespeople specializing in artificial intelligence.

CNBC | World Business News Leader

18.12.2024

Student loan forgiveness chances lost to those who refinance: CFPB

With the Federal Reserve's recent cuts to interest rates, more federal student loan borrowers are wondering if they should refinance. The CFPB has warnings.

CNBC | World Business News Leader

18.12.2024

Japan's Honda and Nissan to reportedly begin merger talks

Nissan and Honda plan to enter into negotiations for a merger to better compete in the rapidly changing automotive industry, the Nikkei newspaper reported.

CNBC | World Business News Leader

18.12.2024

Fed rate cut: There's 'urgency to act' to get best returns on cash

With the Federal Reserve poised to cut interest rates again, experts say cash savers would be wise to shop around now for the best yields.

CNBC | World Business News Leader

18.12.2024

Starbucks union authorizes strike ahead of bargaining session

In late February, Starbucks and the union announced they would work on a "foundational framework" on how to reach a collective bargaining agreement.

CNBC | World Business News Leader

18.12.2024

CrowdStrike moves to dismiss Delta suit, citing contract terms

CrowdStrike moved Monday evening to dismiss Delta Air Lines' lawsuit around the July cybersecurity outage that led to canceled flights.

CNBC | World Business News Leader

18.12.2024

Luigi Mangione indicted in UnitedHealthcare CEO murder

Luigi Mangione is accused of shooting UnitedHealthcare CEO Brian Thompson. Shell casings and a bullet carried the words "deny," "delay" and "depose."

home›CNBC | World Business News Leader›Economy

CNBC | World Business News Leader - Economy

Fed meeting December 2024: Fed cuts rate by a quarter point

House Ethics Committee expected to release Matt Gaetz report

One chip play is up nearly 40% in December, and its dividend is growing

Oklo targets 12 gigawatts of new nuclear power in deal with data center operator

The Fed's dot plot shows only two rate cuts in 2025, fewer than previously projected

Micron shares plunge on weak second-quarter guidance

AMD invests in GPU cloud provider Vultr at $3.5 billion valuation

Stellantis further delays electric Ram pickup truck

China self-driving truck company TuSimple pivots to genAI for games

TikTok ban case will be heard by Supreme Court

2025 U.S. auto sales expected to be best since 2019

Trump joins Elon Musk in opposing House GOP's government funding bill

What a potential Nissan-Honda merger could mean for the auto industry

Trump NASA pick Jared Isaacman made big bet on stablecoins with Shift4

Suki, Google Cloud expand partnership on assistive health tech

Merck signs weight loss pill licensing deal with Hansoh Pharma

Luxury safaris adapt as travelers push for meaningful experiences

The Fed cut rates by another quarter point: What that means for you

New Zealand sinks into recession, more rate cuts coming

Cramer explains why the market melted down after the Fed cut rates

OpenAI makes ChatGPT available for phone chats

Holiday decor spending could help retailers

Senate may soon vote on a bill to change certain Social Security rules

Mortgage demand drops for the first time in 5 weeks, after interest rates rise

Why the stock market was so disappointed by the Fed Wednesday

Wharton Jeremy Siegel: stock sell-off after Fed rate cut is healthy

Bank of Japan holds rates at 0.25%, yen weakens to one-month low

Wall Street mixed on Europe stocks for 2025. Here are their big calls

Fears over inflation, tariffs cloud the economic outlook, CNBC survey found

Fed has big interest rate decision on Wednesday. Here's what to expect

Why the Dow is in such a historic funk and how concerned you should be

Investors so confident in stocks, they have record low cash allocation

Databricks valued at $62 billion from $10 billion financing

Salesforce will hire 2,000 people to sell AI products, CEO Benioff says

Student loan forgiveness chances lost to those who refinance: CFPB

Japan's Honda and Nissan to reportedly begin merger talks

Fed rate cut: There's 'urgency to act' to get best returns on cash

Starbucks union authorizes strike ahead of bargaining session

CrowdStrike moves to dismiss Delta suit, citing contract terms

Luigi Mangione indicted in UnitedHealthcare CEO murder

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