Tag: business news
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Kraft Heinz has lagged in the past year. RBC thinks that’s about to change
The bank initiated coverage of the food and beverage stock with an outperform rating.
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Billionaire Kraft says Ed Sheeran sought $2 million aid donation from him amid fracas over Macklemore’s Palestine comments
Robert Kraft said Ed Sheeran asked him to commit $2 million toward humanitarian aid amid the controversy over Macklemore’s removal from Sheeran’s U.S. tour
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CNBC Daily Open: Trump bemoans hostile acts
President Trump is not happy with the Federal Reserve for hiking rates, or with the EU for inviting Canada to become an “associate member” of the bloc.
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Bank of England set to defy Fed’s rate-hike lead, despite rising inflation
The Bank of England is expected to keep rates steady Thursday, even after U.K. inflation rose to 3.1% and energy costs keep pressure on prices.
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Mark Walter and Todd Boehly selling stakes in Chelsea Football Club to Clearlake Capital
Two of Walter’s insurance companies faces federal criminal and civil investigations into the accounting of roughly $21 billion in financial transactions.
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Oil extends losses as Saudi Arabia reportedly offers ship-to-ship crude transfers after pipeline hit
Oil prices fell as additional Saudi crude supplies eased concerns over disruptions to the kingdom’s exports.
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OpenAI reports 6 new instances of ‘concerning model behavior’ since March
OpenAI has disclosed six new cases of model misbehavior and offered a framework for disclosing future instances, as the debate over AI model safety intensifies.
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Trump demands 1% or lower interest rate after first Fed hike since 2023
President Donald Trump demanded the Federal Reserve slash interest rates to 1% “or less,” hours after the central bank announced its first rate hike since 2023.
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Here are five key takeaways from Wednesday’s Fed rate hike
The Fed on Wednesday delivered a much-expected interest rate hike.
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Trump’s Kennedy Center closure is ‘unlawful,’ Rep. Beatty tells judge in emergency hearing request
President Donald Trump says renovations at the Kennedy Center will not occur until the courts allow his name to be restored on the performing arts center.
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