Michelle Bowman, vice chair for supervision at the US Federal Reserve, during the Federal Reserve Board Community Bank Conference in Washington, DC, US, on Thursday, Oct. 9, 2025. Eric Lee | Bloomberg | Getty Images Regulators are doing away with controversial rules that required banks to plan for losses in the event of climate-related events,…
Check out the companies making the biggest moves midday: Snap-on — The tool maker rose more than 3% after third-quarter earnings topped expectations, helped by a pick-up in demand from auto parts companies and repair shops. Snap-on earned $5.02 per share on revenue of $1.19 billion. Analysts were expecting the company to earn $4.64 per…
BlackRock , a giant in the world of stocks and bonds, is ramping up its efforts to serve the stablecoin market, the company first told CNBC. This latest move from Larry Fink’s firm, set to be announced Thursday, aims to further capitalize on the boom in cryptocurrencies. The manager of $13.5 trillion in assets has…
Federal Reserve Governor Stephen Miran speaks with CNBC during the Invest i America Forum on Oct. 15, 2025. CNBC Federal Reserve Governors Stephen Miran and Christopher Waller provided conflicting views on how quickly the central bank should lower interest rates in the face of a weakening labor market and heightened geopolitical tensions. Miran said Thursday…
Check out the companies making the biggest moves before the bell: J.B. Hunt Transport Services — The trucking and logistics company jumped more than 14% on strong quarterly results. In the third quarter, J.B. Hunt earned $1.76 per share on revenue of $3.05 billion. Analysts polled by LSEG expected earnings of $1.46 per share on…
Chinese e-commerce giant Alibaba has pledged to spend more than $50 billion on artificial intelligence over the next three years. CNBC | Evelyn Cheng SHANGHAI — Chinese tech giant Alibaba is already recouping its investment on artificial intelligence in the company’s e-commerce business, vice president Kaifu Zhang told reporters on Thursday. The Chinese tech giant…
Check out the companies making the biggest moves in extended trading: J.B. Hunt Transport Services — Shares of the trucking and logistics company jumped more than 12% in after-hours trading on the back of its strong results. For the third quarter, J.B. Hunt earned $1.76 per share on revenue of $3.05 billion. Analysts polled by…
Albert Bourla, CEO of Pfizer, Charlie Scharf, Wells Fargo & Company CEO and Kathy Warden, Northrop Grumman Chair & CEO speak during the Invest in America Forum on Oct. 15, 2025. Aaron Clamage | CNBC Wells Fargo CEO Charlie Scharf and Pfizer CEO Albert Bourla sounded the alarm Wednesday over the potential for the the…
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., at the Institute of International Finance (IIF) during the annual meetings of the IMF and World Bank in Washington, DC, US, on Thursday, Oct. 24, 2024. Kent Nishimura | Bloomberg | Getty Images The era of artificial intelligence on Wall Street, and its impact on…
Federal Reserve Governor Stephen Miran said Wednesday that the latest impasse in trade talks between the U.S. and China poses new dangers to the economic outlook and makes the case for rate cuts even more urgent. Speaking at the CNBC “Invest in America Forum” in Washington, D.C., the central bank policymaker noted the threat from…