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What Trump's reclassification of pot and CBD could mean for seniors, research and stocks
Reclassification to a Schedule III drug and possible Medicare coverage for pot could unlock new investment from pharmaceutical companies.
Kevin Hassett retakes lead in Fed chief race on Kalshi after being briefly overtaken by Warsh
Traders marked Warsh as the narrow favorite to replace Jerome Powell, assigning him roughly a 46% chance of nomination, compared with about 39% for Hassett.
Nasdaq moves to make trading nearly 24 hours. Why some on Wall Street say that's a bad idea
Critics argue that formalizing nearly nonstop trading could worsen some of the very problems that plague the structure of equity markets today.
Birkin bag prices are sinking at auction despite high-profile sales
Luxury experts say aspirational luxury consumers are facing new pressures from inflation and a slowing job market, meaning fewer Birkin buyers at auction.
Stocks making the biggest moves midday: Southwest Airlines, Circle Internet Group, Halliburton & more
Here are some of the stocks making notable moves in midday trading.
U.S. crude oil drops below $55 a barrel, hits lowest level since early 2021
The oil market is under pressure as OPEC+ members have rapidly ramped up production and the U.S. pushes Ukraine to accept a peace agreement with Russia.
Payrolls rose by 64,000 in November after falling by 105,000 in October, delayed jobs numbers show
Nonfarm payrolls were expected to increase by 45,000 in November as the unemployment rate rose to 4.5%.
Investors are all in on stocks: Bank of America survey shows record low cash level
The share of portfolios in cash fell to a record low 3.3% in December, according to the bank's Global Fund Manager survey.
Kraft Heinz taps former Kellanova CEO Steve Cahillane to lead company ahead of breakup
Steve Cahillane previously led Kellogg through its own breakup two years ago.
Consumers are feeling gloomy about the economy. Here's why they're spending anyway
Consumer sentiment is low and the job market is shaky. Shoppers are still spending during the holidays.
Trump officials move slowly on student loan forgiveness, repayment plan backlog: court filing
Hundreds of thousands of student loan borrowers remain stuck in a backlog of requests for an affordable payment plan or debt forgiveness, a court filing shows.
Pfizer’s modest 2026 outlook shows its big investments will take time to pay off
Pfizer has pursued deals of all sizes to build new revenue streams, but the outlook underscores that those investments are still some distance from paying off.
As catastrophe losses top $100 billion again, insurers are helping policyholders mitigate risk
Wildfires and severe storms are the main driver of losses, accounting for 83% of the total insured losses, according to Swiss Re.
European markets set to open lower as traders look ahead to central bank action
European stocks are expected to open in lower territory on Tuesday, reversing gains seen at the start of the week.
South Korea stocks lead losses in Asia after Wall Street declines on tech sell-off
Asia-Pacific markets tracked Wall Street declines as investors continued to rotate out of the artificial intelligence trade in the U.S.
‘It’s easier to be yourself:’ Andy Briggs on how his low-ego leadership style landed him the CEO job at Phoenix Group
Phoenix Group CEO Andy Briggs reflects on how his family values shaped his four-decade career, why purpose-driven leadership matters when making tough decisions and how staying true to yourself is key to building long-term success.
Trump sues BBC for $10 billion, claims defamation from Panorama documentary
The lawsuit by President Trump against the BBC accuses the British broadcaster of trying to influence the outcome of his 2024 election against Kamala Harris.
Korea Zinc sinks 13% as largest shareholder group challenges U.S.-backed plans for Tennessee smelter
Korea Zinc's largest shareholder group is reportedly opposing plans to create a U.S.-backed joint venture that will see a dilution of the group's stake in the company.
Ford to record $19.5 billion in special charges related to EV pullback
The charges are related to a restructuring of its business priorities and a pullback in its all-electric vehicle investments, Ford announced Monday.
Affirm CEO details no-fee lending model: 'We have total alignment with our consumers'
Affirm CEO Max Levchin reviewed his company's strategy in a Monday interview with CNBC's Jim Cramer.
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