Check out the companies making the biggest moves midday: Oil stocks — Shares of major U.S. oil companies jumped following the U.S. attack on Venezuela that led to the ouster of leader Nicolas Maduro as they are seen as beneficiaries from the rebuild of energy infrastructure in the country. Chevron , which already has a…
Michael Burry attends the premiere of “The Big Short” at Ziegfeld Theatre on November 23, 2015 in New York City. Dimitrios Kambouris | Getty Images Michael Burry’s quiet bet on Venezuelan oil is coming back into focus. The investor best known for “The Big Short” said he has owned Valero Energy since 2020, a position…
The stock market showed little reaction to President Donald Trump‘s extraordinary action in Venezuela as investors bet the attack, as well as the capture of leader Nicolas Maduro, would not lead to a bigger geopolitical conflict. The Dow Jones Industrial Average rallied 343 points, or 0.7%. The S&P 500 and Nasdaq Composite rose Monday, up…
The traditional role of an investment banker is to provide advice on deals and financings. But JPMorgan’s bankers recently began noticing that clients were asking for more from the firm – like how the nation’s largest bank was navigating artificial intelligence or what cybersecurity practices it used. Chairman and CEO Jamie Dimon had an idea:…
Minneapolis Federal Reserve President Neel Kashkari said Monday that he thinks the central bank is close to the point where it should stop lowering interest rates. In a CNBC interview, the central banker said the key calculus now is whether the Fed should be more focused on a slowing labor market or stubbornly high inflation….
Check out the companies making the biggest moves premarket: Oil stocks — Shares of major U.S. oil companies jumped following the U.S. attack on Venezuela that led to the ouster of leader Nicolas Maduro as they are seen as beneficiaries from the rebuild of energy infrastructure in the country. Chevron , which already has a…
Chinese Foreign Minister Wang Yi (R) and Venezuela’s Foreign Minister Yvan Gil shake hands before their meeting at the Diaoyutai State Guesthouse in Beijing on May 12, 2025. FLORENCE LO / POOL / AFP BEIJING — Even as China eyes new opportunities to build global influence in the wake of the U.S. attack on Venezuela,…
U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee at the U.S. Federal Reserve in Washington, Dec. 10, 2025. Kevin Lamarque | Reuters The Federal Reserve heads into 2026 facing a slew of political and policy challenges, headlined by a new chair and an…
Ken Griffin, founder and CEO of Citadel, speaks to the Economic Club of New York at The Plaza Hotel in New York, Nov. 21, 2024. Brendan Mcdermid | Reuters Billionaire investor Ken Griffin’s flagship hedge fund at Citadel climbed double digits in 2025, navigating a volatile year marked by sharp market swings, trade tensions and…
Warren Buffett and Greg Abel walkthrough the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025. David A. Grogen | CNBC Berkshire Hathaway shares slipped Friday as investors digested the formal end of Warren Buffett’s six-decade tenure as chief executive and the start of a new era under successor Greg Abel. Class…
