Minimalist News

AI Summary

The U.S. stock market is reacting to the Federal Reserve's recent decision to cut interest rates by a quarter point, aimed at stimulating economic growth amid concerns over a slowing labor market.
Exxon Mobil has paused over $100 million in planned investments for European recycling projects due to uncertainty surrounding new regulations that they believe could jeopardize profitability.
In international relations, tensions are rising as the U.S. looks to navigate its complex relationships with both Israel and European allies regarding responses to the ongoing conflict in Gaza.
The IPO market is showing signs of life with notable debuts such as Netskope, signaling a potential revival after a long period of stagnation, despite mixed results from other recent IPOs like StubHub.
Financial experts are increasingly open to the idea of including Bitcoin in retirement accounts, suggesting a shift in how digital assets are perceived in long-term investment strategies.

CNBC

Here are five key takeaways from the Fed's big interest rate decision cnbc.com 12 hours ago
The Federal Reserve on Wednesday delivered on a widely anticipated quarter percentage point interest rate cut.
The pomp and pageantry ends as Trump's state visit gets down to business cnbc.com an hour ago
Trump is heading to Chequers, the official country residence of Prime Minister Keir Starmer, for talks with the British leader and business de…
European markets open higher as traders assess Fed interest rate cut cnbc.com 2 hours ago
European stocks are expected to open higher on Thursday as traders digest the U.S. Federal Reserve's rate cut on Wednesday.
ABC pulls Jimmy Kimmel show off air 'indefinitely' over Charlie Kirk comments cnbc.com 5 hours ago
Jimmy Kimmel suggested that Tyler Robinson, the man accused of killing Charlie Kirk, was aligned with President Donald Trump's MAGA movement.
Huawei touts 'world’s most powerful' AI chip cluster as Nvidia's China challenges mount cnbc.com an hour ago
The company said it plans to launch the new supercluster as soon as next year.
Mark Zuckerberg unveils $799 Meta Ray-Ban Display glasses cnbc.com 8 hours ago
Mark Zuckerberg on Wednesday unveiled the $799 Meta Ray-Ban Display glasses, the company's first consumer-ready glasses with a built-in displa…
Japan stocks hit fresh record amid mixed trading in Asia after Fed cut rates as expected cnbc.com 2 hours ago
The Bank of Japan is kick-starting its two-day policy meeting, where it is expected by most economists to keep policy rates steady.
Spirit CEO says struggling airline will slash flights, braces employees for more job cuts cnbc.com 7 hours ago
Spirit is slashing its November schedule by 25% and is bracing staff for more job cuts.
AI startup Nscale came out of nowhere and is blowing away Nvidia CEO Jensen Huang cnbc.com 2 hours ago
Nscale has quickly become an important part of the U.K.'s bid to become a global AI player.
Here's what changed in the new Fed statement cnbc.com 15 hours ago
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting …
Wegovy pill offers 'significant' weight reduction, Novo Nordisk says, as oral obesity drug race intensifies cnbc.com 3 hours ago
Trial results showed the "Wegovy pill" led to average weight reduction of 16.6% after 64 weeks, Novo Nordisk said.
Dinner for nearly $15,000 — the cost of a meal with DBS bank CEO cnbc.com 37 minutes ago
A charity auction in Singapore featured a private dinner with DBS Group's first female CEO Tan Su Shan. The experience fetched a winning bid o…
Fed rate cut: Here’s what it means for your mortgage rate, credit cards, savings accounts and more cnbc.com 15 hours ago
The Federal Reserve cut its benchmark by a quarter point. Here’s what that means for the borrowing and savings rates you pay.
Bessent made mortgage claims similar to ones Trump cited to try to fire Fed's Cook: Report cnbc.com 13 hours ago
Bessent has suggested that Fed Governor Lisa Cook should be removed over allegations that she committed mortgage fraud, which she denies.
Netskope prices IPO at $19, valuing company at $7.3 billion cnbc.com 10 hours ago
The IPO market is experiencing a revival after a yearslong drought, with notable debuts from CoreWeave, Circle and Figma.
New Trump appointee Miran calls for half-point cut in only dissent as rest of Fed bands together cnbc.com 14 hours ago
Newly confirmed Federal Reserve Governor Stephen Miran dissented from the central bank's decision.
StubHub slides 6% in NYSE debut after ticket seller's long-awaited IPO cnbc.com 12 hours ago
StubHub sold shares in its IPO at the middle of the expected range after the company twice delayed its offering.
The stock market is having a hard time choosing a side after the Fed cut rates cnbc.com 14 hours ago
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
The Fed's interest rate cut doesn't upended broad market themes, Jim Cramer says cnbc.com 10 hours ago
CNBC's Jim Cramer suggested major market themes haven't really changed in the wake of the Fed's meeting.
Cracker Barrel stock falls as company reports mixed earnings after rebrand controversy cnbc.com 7 hours ago
Cracker Barrel reported fourth-quarter earnings after the bell on Wednesday.
Nvidia CEO says he's 'disappointed' after report China has banned its AI chips cnbc.com 18 hours ago
Nvidia CEO Jensen Huang commented after a report that China has banned the use of the company's AI chips.
Speaker Johnson says China is straining U.S. relations with Nvidia chip ban cnbc.com 17 hours ago
The Cyberspace Administration of China ordered companies to halt purchases of Nvidia's RTX Pro 6000D, a chip that was made for the country.
As U.S. jobs disappear, the Federal Reserve returns to rate cuts cnbc.com 14 hours ago
The U.S. labor market is producing relatively few jobs. In response, the Federal Reserve is lowering short-term interest rates to stimulate ec…
The 10 best countries for expats, based on job security, housing, quality of life and more—the U.S. didn't even make the top 20 cnbc.com 15 hours ago
InterNations conducted the Expat Insider 2025 survey from February 1 to February 28, 2025 and ranked 46 countries.
Bitcoin is up around 100% over the past year, but is it worth adding to your retirement account? What experts say cnbc.com 15 hours ago
Financial pros are warming up to the idea of investing in digital assets in retirement accounts. They just recommend setting up a few guardrai…
Live Nation CEO touts soaring demand, says concert tickets are still relatively underpriced cnbc.com 14 hours ago
Despite headlines about rising ticket prices, Live Nation CEO Michael Rapino argued that concerts are still underpriced compared to sporting e…
'That's cute': Frontier CEO fires back at United CEO declaring discount airline model dead cnbc.com 15 hours ago
Frontier Airlines CEO fired back at United's CEO for saying the discount airline model is dead in the United States.
A bipartisan proposal to fight elder financial abuse is moving in Congress. How it would work cnbc.com 14 hours ago
Older adults lose billions every year due to financial fraud. Congressional lawmakers have a proposal to make it more difficult to perpetrate …
Ben & Jerry's co-founder Jerry Greenfield quits over social activism row with Unilever cnbc.com 13 hours ago
Greenfield dubbed the decision "painful" but said that the Unilever had silenced the company's ability to speak up on global issues.
Healthy Returns: What to know about RFK Jr.'s five new vaccine panel members cnbc.com 16 hours ago
Robert F. Kennedy Jr. added five new members to a key government vaccine panel, while health care inflation has taken a bigger bite out of wal…