Treasury Sec. Bessent, IRS crack down on ETF strategy the wealthy are using to avoid capital gains taxes
US Top News and Analysisby Cheryl Winokur Munk·10d ago
One of the selling points of ETFs is that they can be highly tax-efficient for managing capital gains and losses, but wealthy investors may have to rethink certain ETF tax-deferral strategies...
Traders now see little chance of a Fed rate hike in October after weak jobs report
US Top News and Analysisby Davis Giangiulio·10d ago
Investors now think the odds are extremely unlikely that the Federal Reserve raises interest rates again in October, following a weaker-than-expected September employment report.
Tesla reports 486,532 vehicle deliveries for third quarter, topping expectation
US Top News and Analysisby Lora Kolodny·10d ago
Tesla just reported vehicle deliveries and production for the third quarter. Shares of Elon Musk's EV maker climbed about 2% following the news.
Labor market faltered in September as jobs increased by just 29,000, unemployment rate rose to 4.2%
US Top News and Analysisby Jeff Cox·10d ago
The U.S. economy created far fewer jobs than expected in September, pointing to a surprising soft spot in the labor market and broader economy.
Trump wants South Korea in on Alaska LNG. Here’s why Seoul is cautious
US Top News and Analysisby Jenny Lee·10d ago
South Korea is taking a cautious approach to the long-planned Alaska liquefied natural gas project, despite U.S.
Burger King is betting on local franchisees to fuel its U.S. comeback
US Top News and Analysisby Amelia Lucas·10d ago
When Jeremy Kline was 15, he started as a crew member at Taco Bell. In the decades since then, he worked his way up the restaurant industry to director of franchising for Burger King North America.
The secret signs the bond sell-off might be ending
US Top News and Analysisby Oliver Renick·10d ago
As the U.S. bond market firmed Thursday and the iShares 20+ Year Treasury Bond ETF (TLT) posted its best intraday rally in at least a month, some less notable but equally important action for bond...
Nike shares plummet 10% after weak revenue outlook and layoff plans underway
US Top News and Analysisby Sawdah Bhaimiya·10d ago
Nike's shares plummeted in premarket trading Friday, falling for a second straight day after it reported falling revenue and plans to lay off staff in 2027.
YouTube sports strategy targets more live rights -- but not necessarily events
US Top News and Analysisby Alex Sherman·10d ago
YouTube is stalking the sports landscape for live rights. YouTube would like as many games as it can get its hands on – while also giving users as "clean" of an experience as possible, according to...
Democratic Texas AG candidate vows to probe Deloitte's role in voter registration delay
US Top News and Analysisby Justin Papp·10d ago
Nathan Johnson, a Texas state senator and the Democratic candidate for attorney general, announced that, if elected, he plans to investigate Deloitte and other state vendor contracts in the wake of...
How AI is redefining Wall Street jobs — and boosting demand for this new 'hottest skill' by 1,721%
US Top News and Analysisby Hugh Son·10d ago
Before artificial intelligence can take Wall Street jobs, it is first creating them. Posts for AI-related roles at banks including JPMorgan Chase, Citigroup and Capital One surged 49% this year...
Brazil votes in high-stakes election as U.S.-China rivalry and debt loom large
US Top News and Analysisby Chloe Taylor·10d ago
Brazil will hold a knife-edge vote on Sunday as its presidential race kicks off — but the election's outcome is likely to be felt far beyond the country's borders.
South Korean President Lee warns of 'measures' against Ukraine over prisoner row, demands apology
US Top News and Analysisby Lim Hui Jie·10d ago
South Korean President Lee Jae Myung on Friday slammed Ukraine over its disclosure of handing North Korean prisoners of war to Seoul, demanding a public apology and threatening "additional...
Bitget `not expecting to recover a lot' from $388 million hack, CEO tells CNBC
US Top News and Analysisby Matthew Tan·10d ago
Approximately $1.1 million of the nearly $388 million stolen from crypto exchange Bitget in last week’s cyberattack has been frozen, as the platform continues efforts to trace and recover the...
A Brexit reversal is on the table 10 years on from the vote that changed Britain. Here’s what’s at stake
US Top News and Analysisby Chloe Taylor·10d ago
U.K. Prime Minister Andy Burnham suggested this week that British voters could be given the chance to reverse Brexit, the country's highly contentious departure from the European Union a decade...
Jewelry giant Pandora is getting on lab-grown diamonds and hoping a new Vietnam plant helps growth in Asia
US Top News and Analysisby Jenny Lee·10d ago
Danish jewelry giant Pandora has opened its $150 million manufacturing facility in Vietnam, betting on further growth in Asia as the company diversifies production beyond its longtime base in...
U.S. trade representative Greer says deal with India not 'imminent' after Modi-Trump call
US Top News and Analysisby Priyanka Salve·10d ago
U.S. trade representative Jamieson Greer on Thursday signaled that a deal with India was not on the cards soon, as Washington and New Delhi continue to hash out the finer points of a much-awaited...
Software roared back last quarter. Cramer says these stocks can keep climbing
US Top News and Analysisby Alexa LoMonaco·10d ago
CNBC's Jim Cramer said Thursday that enterprise software's comeback was the defining stock market story of the third quarter.
Trump could target three Fed governors. Removing them may be harder than it looks
US Top News and Analysisby Matt Peterson·10d ago
President Donald Trump has new ammunition he can use in his campaign against his perceived opponents at the Federal Reserve, although a watchdog report released Wednesday found no basis for...
The September jobs report will be released Friday. Here's what to expect
US Top News and Analysisby Jeff Cox·10d ago
Lingering questions over the state of the U.S. labor market could be answered Friday when the Bureau of Labor Statistics presents its nonfarm payrolls count for September.
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