Business news
- 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%.
- Robotaxis in 2025: Waymo plots global expansion as Zoox, Tesla roll to the starting line - Robotaxis grew rapidly in 2025 with Waymo expanding fastest, Zoox debuting public rides and Tesla launching autonomous rides with human supervision.
- Kraft Heinz taps former Kellanova CEO to lead company ahead of breakup - Steve Cahillane previously led Kellogg through its own breakup two years ago.
- Defense giants say investors should still bet on them, as hopes for a Russia-Ukraine peace deal spark a selloff - European defense stocks fell on Tuesday after U.S. President Donald Trump said negotiators were closer than ever to securing a peace deal for Ukraine.
- Startup backed by Altman, JPMorgan announces capital lending partnership with Amazon - Slope, an AI lending platform backed by JPMorgan Chase, told CNBC exclusively that it is launching a partnership with Amazon's independent sellers.
- U.S. halts UK tech trade deal negotiations, FT reports - The 'technology prosperity deal' is aimed at increasing collaboration between the countries on tech like AI, nuclear fusion and quantum
- The AI chip shortage could raise smartphone prices — new research spells out by how much - The average selling price of smartphones in 2026 is expected to rise 6.9%, Counterpoint Research said.