Business news
- Hassett likely next Fed chair, but most think Trump should nominate someone else, CNBC Fed survey shows - The December survey shows 84% believe President Trump will tap Hassett, director of the National Economic Council, to head the central bank.
- Apple gets a big price target hike, and Wells Fargo plants a big dealmaking flag - Citigroup raises its price target on Apple stock. Wells Fargo wants to become a top player in Wall Street dealmaking.
- Trump's blessing of Nvidia AI chip sales to China gets a chilly reception from GOP - Trump said Chinese President Xi Jinping "responded positively" to the proposal to let Nvidia sell H200 AI chips on condition that the U.S. gets 25% of revenue.
- The Fed decision is expected to feature a rate cut and a lot more. Here's what to expect - The central bank is poised to deliver its third straight interest rate cut Wednesday, while firing a warning shot about what's ahead.
- OpenAI hires Slack CEO Denise Dresser to lead global revenue strategy - Dresser was named Slack's chief executive in 2023 after spending more than a decade at Salesforce.
- Trump officials move to end student loan payment pause for millions of borrowers - The Trump administration announced a proposed joint settlement with Missouri that would soon force millions of student loan borrowers into repayment.
- Commercial real estate deal volume drops for the first time in nearly two years - Commercial real estate has had a rough year after gaining momentum coming out of the pandemic.
- Corporate America is upbeat on economy, but less so on President Trump's handling of it: CNBC CFO survey - A majority of CFOs are optimistic on the economy and see no recession in 2026, but their view of Trump's handling of the job of president is lukewarm at best.
- Nvidia can sell the more advanced H200 AI chip to China — but will Beijing want them? - Nvidia received the green light from the U.S. to sell its advanced H200 chip to China. But there are questions over whether Beijing will allow this to happen.
- From Llamas to Avocados: Meta's shifting AI strategy is causing internal confusion - Meta’s push to develop its next frontier model, codenamed Avocado, under new AI leadership is creating internal friction as it races rivals OpenAI and Google.