Breaking News: Markets
- Sen. Warren blasts CFPB director for undermining Trump's credit card affordability push - Sen. Elizabeth Warren seized on contradictions within the Trump administration when it comes to his push to make credit cards more affordable for Americans.
- Iran is not a major oil producer, but it still moves prices. Here's why - Iran is not a major producer of oil, but the recent civil unrest there still moved markets. Here's why.
- Trump's push for Greenland mineral rights could block China's access to rare earths - Greenland has the eighth largest rare earth reserves in the world at 1.5 million tons, according to 2024 data from the U.S. Geological Survey.
- Shares of CSG, one of the world’s fastest-growing defense firms, jump 30% on debut - Shares of Czech-based defense firm Czechoslovak Group (CSG) soared over 30% on its stock market debut on Friday.
- Wall Street braced for a private credit meltdown. The risk of one is rising - Private credit is expected to grow from $3.4 trillion in 2025 to an estimated $4.9 trillion by 2029. Wall Street is starting to raise alarms about the risks.
- Airlines cancel hundreds of flights as massive winter storm sweeps across U.S. - U.S. airlines canceled flights and waived change fees for travelers as a cold snap and massive winter storm were forecast to sweep across the country.
- Asia-Pacific markets mostly rise ahead of Bank of Japan decision - Asia-Pacific markets mostly climbed, tracking Wall Street gains as geopolitical concerns eased and investors looked ahead to the Bank of Japan's decision.
- Capital One is buying startup Brex for $5.15 billion in credit card firm's latest deal - Capital One's acquisition of Brex is the latest deal under Rich Fairbank, a rare founder-CEO of a major U.S. bank, after its Discover Financial deal last year.
- Fed's main gauge shows inflation at 2.8% in November, edging further away from target - Inflation drifted slightly further from the Federal Reserve's target in November though in line with expectations.
- Procter & Gamble earnings top estimates, but shrinking demand weighs on sales - Procter & Gamble topped Wall Street's estimates for its quarterly earnings, but the company's revenue was weaker than expected.