House Ethics panel issues subpoena in sex probe

House Ethics panel issues subpoena in sex probe

Rep. Matt Gaetz, R-Fla., leaves the U.S. Capitol after the House failed to pass the Spending Reduction and Border Security Act on Friday, September 29, 2023. Tom Williams | CQ-Roll Call, Inc. | Getty Images Rep. Matt Gaetz said Thursday that he has learned the House Ethics Committee will subpoena him as it investigates whether … Read more

Can India grow as fast as China did?

Can India grow as fast as China did?

This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. The big story The big banks of Wall Street have been quick to tweak what they expect … Read more

Trademark dispute emerges over Tiger Woods’ new logo

Trademark dispute emerges over Tiger Woods’ new logo

Tiger Woods speaks during the launch of Tiger Woods and TaylorMade Golf’s new apparel and footwear brand “Sun Day Red” at Palisades Village on February 12, 2024 in Pacific Palisades, California. Kevork Djansezian | Getty Images Sport | Getty Images Tiger Woods’ new logo for his Sunday Red golf apparel line is facing a trademark … Read more

Rudy Giuliani disbarred in D.C. over Trump election lies

Rudy Giuliani disbarred in D.C. over Trump election lies

Former mayor of New York City and former Trump lawyer Rudy Giuliani reacts at the Nassau Veterans Memorial Coliseum during a rally held by Republican presidential nominees and former U.S. President Donald Trump, in Uniondale, New York, U.S., September 18, 2024.  Brendan Mcdermid | Reuters Former New York City Mayor Rudy Giuliani is officially disbarred … Read more

Eric Adams probe hones in on Turkish businessman

Eric Adams probe hones in on Turkish businessman

Federal prosecutors have honed in on ties between New York City Mayor Eric Adams and little-known Turkish businessman Enver Yucel, CNBC has learned from the indictment and other public records, including campaign finance documents. A federal indictment unsealed on Thursday describes a 2021 campaign fundraising scheme involving Adams, his team and a person only identified in the … Read more

The Fed slashed interest rates last week, but Treasury yields are rising. What’s going on?

The Fed slashed interest rates last week, but Treasury yields are rising. What’s going on?

Construction work is done around the Federal Reserve building on September 17, 2024 in Washington, DC.  Anna Moneymaker | Getty Images News | Getty Images With its larger-than-normal cut last week, the Federal Reserve sent a clear message that interest rates are heading considerably lower in the future. The Treasury market, though, hasn’t been paying … Read more

Why Wells Fargo (WFC) is jumping, and 3 things we want from COST earnings

Why Wells Fargo (WFC) is jumping, and 3 things we want from COST earnings

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Lost steam: Stocks are up Thursday, but the S & P 500 has come well off its highs of the morning. Similarly, the tech-heavy Nasdaq initially … Read more

Nuggets, Avalanche launch streaming service Altitude+

Nuggets, Avalanche launch streaming service Altitude+

Nikola Jokic, #15 of the Denver Nuggets, shoots the ball against Bones Hyland, #5, and Norman Powell, #24, of the Los Angeles Clippers during the second half of a preseason game at Crypto.com Arena in Los Angeles on October 19, 2023. Kevork Djansezian | Getty Images Local fans of the NBA’s Denver Nuggets and the … Read more

Super Micro shares tumble 12% after DOJ reportedly opens probe into company

Super Micro shares tumble 12% after DOJ reportedly opens probe into company

Jaque Silva | SOPA Images | Lightrocket | Getty Images Super Micro Computer shares fell more than 12% on Thursday after the Justice Department reportedly opened a probe into the company, which has been a major beneficiary of the artificial intelligence boom. The probe is in its early days, according to a report from The … Read more

Wealthy investors support Harris over Trump, new survey says

Wealthy investors support Harris over Trump, new survey says

Vice President and Democratic presidential candidate Kamala Harris speaks at the Philip Chosky Theatre during a campaign event in Pittsburgh, Pennsylvania, on September 25, 2024.  Jim Watson | AFP | Getty Images A majority of millionaire investors said they plan to vote for Vice President Kamala Harris in November, even though they give former President … Read more