Business news
- Oracle stock dips 5% on report Blue Owl Capital won't back $10 billion data center - The cloud company later said the project was moving forward and "on schedule," but that Blue Owl was not part of equity talks.
- Medical supply firm Medline jumps more than 25% in debut after biggest IPO of 2025 - Medline priced at $29 per share on Tuesday, raising $6.26 billion to cap off a strong year for new listings and bolster optimism about 2026.
- Four House Republicans force vote on ACA subsidies, bucking GOP leadership - Millions of Americans will face much higher health insurance premiums in 2026 if Congress does not extend boosted subsidies for Obamacare plans.
- Tricolor executives charged with 'systematic fraud' after subprime auto lender roiled banking sector - Prosecutors allege senior managers orchestrated schemes that allowed Tricolor to obtain billions of dollars from lenders by misrepresenting collateral.
- Fed chair candidate Waller says he will 'absolutely' emphasize importance of the central bank's independence to Trump - MarketsFed chair candidate Waller says he will 'absolutely' emphasize importance of the central bank's independence to TrumpPublished Wed, Dec 17 20258:29 AM ES
- WBD board tells shareholders to reject Paramount Skydance's takeover offer, saying 'value is inadequate' - MediaWBD board tells shareholders to reject Paramount Skydance's takeover offer, saying 'value is inadequate'Published Wed, Dec 17 20257:07 AM ESTWATCH LIVEThis
- Mortgage rates move higher after the Fed rate cut, causing loan demand to drop - Mortgage rates moved higher after the Fed cut interest rates last week. That caused demand to drop for both home buying and refinancing.
- ‘Orwellian’: Ben & Jerry’s founder tells CNBC he’s alarmed by Magnum’s board overhaul - The world's largest standalone ice cream business, Magnum, is only a week old but has already had a lifetime of corporate drama.
- UK inflation falls sharply to 3.2% in November, fueling likelihood of Christmas rate cut - The U.K.'s inflation rate cooled sharply to 3.2% in November.
- European markets head for soft open as sentiment falters - European stocks are expected to open broadly flat on Wednesday as investors gear up for central bank decisions.