Byron Allen, founder, chairman and CEO of the Allen Media Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | AFP | Getty Images Byron Allen, the media mogul offering $14 billion for Paramount Global, told CNBC on Wednesday that […]
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10-year Treasury yield falls below 4% as traders evaluate Fed decision
The 10-year U.S. Treasury yield fell below the key 4% level Wednesday afternoon after Federal Reserve chair Jerome Powell said an interest rate cut wasn’t likely at the March meeting but would likely come later this year. The benchmark yield was down nearly 13 basis points to 3.929%. The yield […]
Fed Chief Jerome Powell says a March rate cut is not likely
Federal Reserve Chair Jerome Powell holds a press conference following the release of the Fed’s interest rate policy decision at the Federal Reserve in Washington, U.S., January 31, 2024. Evelyn Hockstein | Reuters Fed Chairman Jerome Powell said Wednesday that the central bank would likely not be comfortable enough with […]
10-year Treasury yield hovers around 4% as traders evaluate Fed decision
The 10-year U.S. Treasury yield sat around the key 4% level Wednesday afternoon after Federal Reserve chair Jerome Powell said an interest rate cut wasn’t likely at the March meeting. The benchmark yield fell about 5 basis points to 3.994%. The yield on the 2-year Treasury was last down about […]
Fed holds rates steady, indicates it is not ready to start cutting
WASHINGTON — The Federal Reserve on Wednesday sent a tepid signal that it is done raising interest rates but made it clear that it is not ready to start cutting. In a substantially changed statement that concluded the central bank’s two-day meeting this week, the Federal Open Market Committee removed […]
QAnon-linked legal fund spent $400,000 defending Trump allies, new filing shows
Former U.S. President Donald Trump speaks to a crowd during a campaign rally on September 25, 2023 in Summerville, South Carolina. Sean Rayford | Getty Images A fund intended to pay the legal bills of former president Donald Trump‘s allies backed chiefly by reported QAnon supporters has spent nearly $400,000, […]
Federal Reserve holds interest rates steady, sets the stage for cuts. What that means for your money
The Federal Reserve announced Wednesday it will leave interest rates unchanged, setting the stage for rate cuts to come and paving the way for relief from the combination of higher rates and inflation that have hit consumers particularly hard. Although Fed officials indicated as many as three cuts coming this year, the […]
Beautycounter’s founder sold the $1 billion business and lost her job—now she’s back as CEO: ‘Failure is not an option’
This story is part of CNBC Make It’s The Moment series, where highly successful people reveal the critical moment that changed the trajectory of their lives and careers, discussing what drove them to make the leap into the unknown. Gregg Renfrew built a billion-dollar brand, only to end up on the outside […]
Adidas won’t write off remaining Yeezy inventory, plans to sell ‘at least’ at cost
Shoes are offered for sale at an Adidas store in Chicago on Feb. 10, 2023. Scott Olson | Getty Images Adidas announced on Wednesday that it won’t write off the majority of its unsold Yeezy inventory and instead plans to sell the remaining shoes “at least” at the cost it […]
We’re trimming a health-care stock ahead of earnings — hedging our bets on business in China
We’re selling 95 shares of GE Healthcare at roughly $74. Following Wednesday’s trade, Jim Cramer’s Charitable Trust will own 1,150 shares of GEHC, reducing its weighting to 2.75% from 2.97%. The small trim we’re making in GE Healthcare with the stock up slightly in an otherwise rough tape does not […]