Republicans and Democrats showed their support for Social Security and Medicare during the State of the Union. But agreement on broader reform will be tough.
Credit Suisse warns that debt ceiling impasse will likely prove ‘stressful’ for markets
The bank thinks the issue ultimately will get resolved but not before doing some damage to the market.
SEC to increase scrutiny of crypto-trading firms and ESG funds in 2023
The SEC’s new priorities follow Chair Gary Gensler’s warning to crypto firms to “come into compliance” with securities laws after FTX filed for bankruptcy.
Mississippi House OKs new court system — to be appointed by white state officials — for second-Blackest U.S. city, stoking tension
The mayor of Jackson, Mississippi, said approval of a new court system for his city, which is 80% Black, “reminds me of apartheid.”
Why Dick’s Sporting Goods succeeded where Sports Authority failed
Dick’s Sporting Goods holds 14.2% of the total $67.2 billion U.S. sporting goods industry. The company became a leader by investing heavily in e-commerce.
Fed Governor Christopher Waller warns that interest rates could go higher than expectations
Federal Reserve Governor Christopher Waller on Wednesday talked tough on inflation, warning that the fight is not over.
A.I. hype lifts Microsoft shares at Alphabet’s expense. An opportunity may be emerging for investors
This is the daily notebook of Mike Santoli, CNBC’s senior markets commentator, with ideas about trends, stocks and market statistics.
Stocks making the biggest moves midday: CVS, Fortinet, Lumen Technologies, Alphabet & more
Lumen Technologies tumbled on light guidance. Alphabet was under pressure after an event on artificial intelligence.
Communities struggling with banking access give banks on wheels a spin
Banks on wheels offer a partial solution to banking as more brick-and-mortar branches shut down in minority and low-income communities.
Why Kareem Abdul-Jabbar is ‘thrilled’ LeBron James broke his NBA scoring record: ‘His winning in no way affects my winning’
While fans on social media speculated that Abdul-Jabbar was unhappy seeing his record being broken, the 75-year-old on Wednesday said that he was “thrilled.”