The 10-year Treasury yield touched a fresh 14-month high as investors looked ahead to key inflation prints. The yield on the 10-year Treasury was last up around 2 basis points at 4.79%, the highest level since Nov. 1, 2023. This followed the 10-year Treasury yield’s jump on Friday following a hotter-than-expected jobs report. The 2-year…
Anadolu | Anadolu | Getty Images Britain’s competition watchdog on Tuesday said that it’s opening a formal antitrust investigation into Google’s search and search advertising services. The Competition and Markets Authority said that it’s looking to assess whether Google has “strategic market status” (SMS) under the new U.K. Digital Markets, Competition and Consumers Act (DMCC)….
Jakub Porzycki | Nurphoto | Getty Images Shares of Trump Media jumped 21.5% Monday, one week before President-elect Donald Trump’s inauguration. The stock, which trades under the DJT ticker, had its best day since Oct. 28, when shares surged 21.6% following Trump’s campaign rally in Madison Square Garden in New York City. Trump Media stock…
David Ricks, CEO, Eli Lilly Scott Mlyn | CNBC Eli Lilly expects its experimental weight loss pill will get approved as soon as early next year, CEO David Ricks told Bloomberg TV on Monday. The company is set to release key late-stage trial data on the drug, orforglipron, by the middle of this year. Eli…
Scott Olson | Getty Images Two Robinhood broker-dealers agreed to pay $45 million in combined penalties to settle administrative charges by the Securities and Exchange Commission that they violated more than 10 separate securities law provisions related to their brokerage operations. The violations by Robinhood Securities LLC and Robinhood Financial LLC related to failures to…
Jakub Porzycki | Nurphoto | Getty Images The Chinese government is considering a plan that would have Elon Musk acquire TikTok’s U.S. operations to keep the app from being effectively banned, Bloomberg News reported on Monday. The contingency plan is one of several options China is exploring as the U.S. Supreme Court determines whether to…
CNBC’s Jim Cramer examined Monday’s market action, saying the tech-heavy Nasdaq Composite failed to rally largely due to a unique one-two punch: The U.S. government and billionaire Meta CEO Mark Zuckerberg. “The tag team of the government and Meta may have been too much for everyone,” he said. “At the end of the day, though,…
Cleveland-Cliffs CEO Lourenco Goncalves CNBC Cleveland-Cliffs CEO Lourenco Goncalves said Monday he had a plan to buy U.S. Steel as he launched a tirade against Japan, calling the close U.S. ally “evil” during a press conference. “I want to buy,” Goncalves told journalists at the Butler works plant in Pennsylvania. “I have a plan, I…
Donald Trump Jr. visits Nuuk, Greenland, on Jan. 7, 2025. Emil Stach | Via Reuters Prediction market company Kalshi is adding Donald Trump Jr., the eldest son of the president-elect, as a strategic advisor, the company announced Monday. Kalshi rose to prominence in the runup to the election last year after a court victory over…
Southern California Edison did not detect any electrical anomalies from its equipment in the hours before the outbreak of the Eaton Fire in the Los Angeles area, the CEO of the utility’s parent company said Monday. Four transmission lines in the Eaton Canyon area showed no signs of interruptions or anomalies in the 12 hours…
