The Netflix logo and Bert and Ernie from Sesame Street. Sam Wasson | Getty Images “Sesame Street” has a new streaming home. Netflix will stream the next three seasons of “Sesame Street,” as well as a library of past episodes, securing the future of the longtime children’s program known for characters such as Elmo and…
After several weeks of sitting stagnant, mortgage rates surged higher Monday following Moody’s decision to downgrade the U.S. credit rating. Bond yields rose after the late Friday announcement, and mortgage rates loosely follow the yield on the 10-year Treasury. The average rate on the popular 30-year fixed loan hit 7.04% on Monday, according to Mortgage…
CNBC’s Jim Cramer urged investors on Monday to tame their fear in the face of the Moody’s downgrade of U.S. debt. He recalled the S&P’s downgrade in 2011 and Fitch’s downgrade in 2023, both of which were followed by market declines. Like those previous two, Cramer argued, Friday’s downgrade from Moody’s prompted more fear than…
Shares of CATL debut in Hong Kong on May 20, 2025. Sopa Images | Lightrocket | Getty Images Shares of the world’s largest battery manufacturer Contemporary Amperex Technology rose over 11% in their Hong Kong trading debut on Tuesday. Shares were trading at 292 Hong Kong dollars apiece on the Hong Kong stock exchange premarket, compared…
A Waymo autonomous vehicle drives along Masonic Avenue on April 11, 2022 in San Francisco, California. Justin Sullivan | Getty Images News | Getty Images Alphabet’s Waymo unit has received approval to expand its autonomous ride-hailing service to more parts of the San Francisco Bay Area, including San Jose. In March, the company submitted a…
The US Institute of Peace (USIP) in Washington, DC, US, on Monday, March 17, 2025. Stefani Reynolds | Bloomberg | Getty Images A federal judge on Monday ruled that the Trump administration and DOGE’s takeover and gutting of the U.S. Institute of Peace were unlawful. The decision declaring DOGE’s actions at USIP “null and void”…
Wynn Resorts is dropping its bid to land a casino license in New York. The company said Monday it has become clear through the rezoning process that there are better uses for its capital. Wynn had partnered with Related Companies to develop an integrated casino resort in the posh Hudson Yards neighborhood of Manhattan, where…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. Stocks are lower Monday as bond yields spike after Moody’s downgrade of the United States’ debt late Friday from its highest-possible rating (AAA) to its second-best designation (AA1), citing…
U.S. Secretary of the Treasury Scott Bessent, U.S. Trade Representative Jamieson Greer, China’s International Trade Representative and Vice Minister of Commerce Li Chenggang, and Chinese Vice Premier He Lifeng, prepare to discuss on the day of a bilateral meeting between the U.S. and China, in Geneva, Switzerland, May 10, 2025. Keystone/eda/martial Trezzini | Via Reuters…
Sebastian Siemiatkowski, CEO of Klarna, speaking at a fintech event in London on Monday, April 4, 2022. Chris Ratcliffe | Bloomberg via Getty Images Klarna saw its losses jump in the first quarter as the popular buy now, pay later firm applies the brakes on a hotly anticipated U.S. initial public offering. The Swedish payments…
