Business news
- Asia-Pacific markets set to open mixed ahead of Japan trade data - Asia-Pacific markets were set to open mixed Wednesday as traders looked toward trade data coming out of Japan.
- Hyperscaler AI spending could slow down if Oracle shows 'discipline' - CNBC's Jim Cramer on Tuesday opined on massive AI spending that has hurt tech stocks.
- Why China’s young are flocking to government jobs in record numbers - China's educated youth lower their ambitions to find security and better work-life balance in government jobs.
- Kushner's Affinity Partners exits Paramount bid for Warner Bros. Discovery - PoliticsKushner's Affinity Partners exits Paramount bid for Warner Bros. DiscoveryPublished Tue, Dec 16 20254:40 PM ESTUpdated 7 Min AgoDan Mangan@_DanManganEam
- Tesla stock hits record as Wall Street rallies around robotaxi hype despite slow EV sales - Wall Street's bullishness on Tesla has returned after the stock had its worst performance since 2022 in the first quarter of the year.
- Key ACA tax credits likely to expire after House speaker blocks vote - PoliticsKey ACA tax credits likely to expire after House speaker blocks votePublished Tue, Dec 16 202512:50 PM ESTUpdated Moments AgoDan Mangan@_DanManganGarret
- What Trump's reclassification of pot and CBD could mean for seniors, research and stocks - Reclassification to a Schedule III drug and possible Medicare coverage for pot could unlock new investment from pharmaceutical companies.
- U.S. crude oil drops below $55 a barrel, hits lowest level since early 2021 - The oil market is under pressure as OPEC+ members have rapidly ramped up production and the U.S. pressures Ukraine to accept a peace agreement with Russia.
- Hassett says Fed independence is ‘really important’ and chair candidates shouldn’t be disqualified for being Trump’s friend - Hassett declined in a CNBC interview to directly address his own candidacy but said forging consensus is an important part of the job.
- Payrolls rose by 64,000 in November, more than expected, delayed jobs numbers show - Nonfarm payrolls were expected to increase by 45,000 in November as the unemployment rate rose to 4.5%.