Business news
- 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.
- OpenAI in talks with Amazon about investment that could exceed $10 billion - OpenAI is in discussions with Amazon about a potential investment and an agreement to use its artificial intelligence chips, CNBC confirmed.
- Robinhood is rolling out NFL parlay and prop bets on prediction markets platform - Robinhood announced Tuesday that users will be able to trade on National Football League games and player performances.
- Shares of Chinese chipmaker MetaX soar nearly 700% in blockbuster Shanghai debut - Shares of Chinese chipmaker MetaX Integrated Circuits Shanghai soared nearly 700% after raising nearly $600 million in its initial public offering.