News from the economy, politics and the financial markets
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As WNBA labor deadline nears, players union is 'frustrated' by lack of progress
Frustrations are growing as the WNBA and its players face a Jan. 9 deadline to finalize their new CBA.
Delta president Glen Hauenstein, who helped turn airline into industry profit leader, to retire in February
Delta's president, Glen Hauenstein, who helped turn Delta into the country's premium-travel leader, is retiring after 20 years.
Senate confirms private astronaut, Musk ally Jared Isaacman as NASA chief
The U.S. Senate on Wednesday confirmed billionaire private astronaut Jared Isaacman to become President Donald Trump's NASA administrator, making an advocate of Mars missions and a former associate of SpaceX CEO Elon Musk the space agency's 15th leader.
Santoli's Wednesday market wrap-up: Ability to absorb unwind of AI-infrastructure trade being tested
Efforts to rotate away from danger by moving to banks, value stocks and consumer cyclicals are hitting some near-term limits.
Why XRP ETFs are seeing steady inflows despite crypto's pullback: CNBC Crypto World
On today's episode of CNBC Crypto World, bitcoin falls as Wall Street rethinks some AI investments. Also, CF Benchmarks CEO Sui Chung discusses recent trends in crypto ETFs.
2026 is the year to add a 'party fund' to your budget — start with these 3 resources
Budgeting apps, high-yield savings accounts and cash-back platforms are key to building party funds.
This communication services ETF could be on the verge of a breakout, charts show
A bullish chart pattern has been forming for the State Street Communication Services Select Sector SPDR ETF (XLC).
FBI Deputy Director Dan Bongino plans to step down early next year, MS NOW reports
Bongino had been selected by President Donald Trump for the high-profile law enforcement job despite him having no prior FBI experience.
Prediction markets could hit a trillion dollars in trading volume by the end of this decade, new report says
Sports is fueling the growth in prediction markets and is forecasted to make up 44% of volume as the industry matures, according to new research.
Tricolor CEO received a $6.25 million bonus weeks before company’s bankruptcy, prosecutors say
Tricolor's collapse was one of a string of defaults that churned the U.S. banking industry this fall, sparking concerns over risks in the financial system.
Trump accounts get funding from companies, philanthropists: Here's who is eligible for the funds
On Wednesday, the White House announced additional details about Trump accounts, a new type of savings account for kids.
FCC chief Brendan Carr tells Senate that his agency is 'not formally ... independent'
FCC chairman Brendan Carr testified to a congressional committee for the first time since ABC suspended Jimmy Kimmel's show following a Carr threat.
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.
What Cramer says Nike must do to accelerate its turnaround and boost its stock
To keep investors in its corner, Nike has to keep showing progress.
Trump vowed to block tankers carrying Venezuela's oil — nearly a dozen are at sea right now
One of the tankers, Skipper, was seized by American forces in the Caribbean last week in a sharp escalation by the Trump administration.
The Oscars are heading to YouTube in 2029
The Academy of Motion Picture Arts and Sciences signed a multi-year deal with Google-owned YouTube to stream the Oscars globally starting in 2029.
The chart that has Michael Burry worried about the stock market
"The Big Short" investor pointed to a graphic showing that U.S. households now hold a larger share of their net worth in equities than in real estate.
ServiceNow shares were rocked this week. Now Bernstein says it’s the cheapest stock in software
Bernstein's $1,093 price target is approximately 40% above where shares of ServiceNow closed on Tuesday.
Billionaire fund manager Ron Baron praises beaten-up financial stock whose new CEO he compares to Jamie Dimon
Billionaire investor Ron Baron believes many high-quality stocks are being overlooked in a tech-obsessed market, including two financial companies he is buying.
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