Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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A Democratic win in midterms could put prediction markets and the CFTC in the hot seat
A Democratic House could increase scrutiny of prediction markets, the CFTC and the industry’s ties to the Trump family after the midterms.
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Google alters its cloud playbook, enlisting partners to sell more AI chips
Google is opening its TPU business beyond its own cloud as custom chips become a bigger engine for growth.
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Mortgage rates fell for the second straight week, but more borrowers still sought savings in riskier loans
Mortgage rates have fallen over the past two weeks, but demand is only slightly higher, and more borrowers are looking for savings in riskier loans.
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Investors brace for a hawkish hold and tech on tap
Earnings from Alphabet and Microsoft will give another pulse check on AI
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This hospice services stock is outperforming the S&P 500. Jefferies sees more gains ahead
The investment bank upgraded the medical and plumbing services stock to buy from hold.
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Musk’s PAC lawyer runs in Texas House district that is home to billionaire’s business interests
A chip factory being built by Elon Musk’s Tesla and SpaceX is in Texas’s 10th District, where his PAC’s former lawyer Chris Gober is the GOP U.S. House nominee.
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Ten people confirmed dead in high-speed Spain train crash, local media report
It is the second deadly high-speed train collision in Spain this year.
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Treasury yields tick higher ahead of Federal Reserve interest rate decision
Treasury yields edged higher as traders await the Federal Reserve’s latest monetary policy decision.
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Stellantis reports $4.5 billion cash drain as massive turnaround plan continues
European car giant Stellantis said Wednesday that it recorded a 4 billion euro ($4.5 billion) cash shortfall in the third quarter.
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Trump says he approves of Brazil’s Flavio Bolsonaro coming to U.S. following election loss
Bolsonaro left Brazil for the U.S. with a senior State Department official saying it would grant entry visas to him and his family, Reuters reported.
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