Economy

Wells Fargo, Citigroup and key regional bank stocks were among the names under pressure on Wednesday… […]

The SNB said Wednesday that Credit Suisse is currently well capitalized but that the central bank will provide additional liquidity if necessary… […]

Growth in Adobe’s digital media business is driving higher profit expectations… […]

Payment processor Stripe raised $6.5 billion, largely to provide liquidity to current and former employees, but at a sharply discounted $50 billion valuation… […]

In this photo illustration, the OpenAI logo is displayed on a mobile phone screen with a photo of Sam Altman, CEO of OpenAI. Didem Mente | Anatolia | Getty Images OpenAI is in talks to raise a funding round that would value the artificial intelligence startup at more than $100 billion, CNBC has learned. Thrive […]

CrowdStrike CEO George Kurtz speaks at the Wall Street Journal Tech Live conference in Laguna Beach, California, on Oct. 21, 2019. Martina Albertazzi | Bloomberg | Getty Images CrowdStrike shares slipped 4% in extended trading on Wednesday after the cybersecurity software maker reported strong fiscal second-quarter results but reduced full-year guidance in the wake of […]

As Nvidia shares tumbled after the company reported earnings, CNBC’s Jim Cramer on Wednesday reminded investors that it’s important to own stocks in a variety of sectors, even ones that may not presently see huge gains. Owning a diverse group of stocks helps investors stay in the market when one stock or sector takes a […]

Salesforce chair and CEO Marc Benioff speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Fabrice Coffrini | AFP | Getty Images Salesforce shares rose 4% in extended trading on Wednesday after the business software maker reported robust fiscal second-quarter results that beat estimates and raised its full-year profit outlook. The […]

Nvidia CEO Jensen Huang speaks during Computex 2024 in Taipei on June 4, 2024. I-hwa Cheng | AFP | Getty Images Nvidia reported earnings after the bell that beat Wall Street expectations, and provided stronger-than-expected guidance for the current quarter. Nvidia shares fell 8% in extended trading. Here is how the company did versus LSEG […]

The U.S. no longer has an inflation problem, according to veteran economist Steve Hanke.”I think the inflation story is history. One reason for that is that money supply has been contracting on a year-over-year basis by minus 4% in the United States,” Hanke, a professor of applied economics at Johns Hopkins University, told CNBC’s “Street… […]