In a Thursday interview with CNBC’s Jim Cramer, First Horizon CEO Bryan Jordan said his hopes for interest rate cuts in 2025 are fairly tempered. “We use three cuts in 2025…I’m a little more cautious than that,” Jordan said. “If the economy holds up, you see job growth remain strong, you see inflation, which is…
Packages ride on a conveyor belt during Cyber Monday, one of the company’s busiest days at an Amazon fulfillment center on December 2, 2024 in Orlando, Florida. Miguel J. Rodriguez Carrillo | Getty Images Amazon is laying off roughly 200 employees in its North America stores division, the company confirmed. The core retail business, which…
US President Joe Biden speaks during an event in Madison, Wisconsin, US, on Monday, April 8, 2024. Daniel Steinle | Bloomberg | Getty Images In 2023, the Supreme Court blocked Biden’s plan to deliver wide-scale student loan forgiveness for tens of millions of borrowers. But the Biden administration still managed to wipe away a large share…
CNBC’s Jim Cramer on Thursday mused about how President Joe Biden impacted stocks and reviewed a prevalent question among executives — whether the market performed because or in spite of the administration. “Look, maybe it didn’t matter. Everything turned out to be just fine. Could it have been even better? Of course. Maybe it will…
View of Space X’s Starship on the launch pad for its seventh test flight, in Boca Chica, Texas, U.S. Maxar Technologies | Via Reuters Several commercial flights were diverted or delayed after SpaceX’s Starship rocket broke up during its seventh flight test on Thursday. Dozens of flights were affected, according to flight-tracker Flightradar24. The Federal Aviation…
Bitcoin should rip higher under President-elect Donald Trump, according to BlackRock’s ETF chief. Samara Cohen, the firm’s ETF and index instruments chief investment officer, thinks cryptocurrency deregulation will “absolutely” propel bitcoin to another historic year. “There will be progress made on… FIT21 [“Financial Innovation and Technology for the 21st Century Act.] There will be progress made…
Omar Marques | Lightrocket | Getty Images Microsoft is adding artificial intelligence tools to its consumer Microsoft 365 bundle and bumping up the price in the U.S. for the first time since introducing subscriptions 12 years ago. In a blog post Thursday, Microsoft said it’s bringing its Copilot AI assistant into the Word, Excel, PowerPoint,…
Tim Cook, chief executive officer of Apple Inc., during the first day of in-store sales of Apple’s latest products at Apple’s Fifth Avenue store in New York, US, on Friday, Sept. 20, 2024. Victor J. Blue | Bloomberg | Getty Images Apple stock closed down 4% on Thursday, its worst day since Aug. 5, following…
Silas Stein | Picture Alliance | Getty Images American Express will pay approximately $230 million to resolve a federal criminal wire fraud investigation and settle allegations of deceptive marketing, the company said Thursday. The total includes more than $138 million as part of a non-prosecution agreement with federal prosecutors in Brooklyn, New York, related to…
A Spirit Airlines plane at New York’s LaGuardia Airport Leslie Josephs/CNBC Spirit Airlines is cutting about 200 jobs across the company as the struggling budget carrier seeks to reduce costs after it filed for Chapter 11 bankruptcy protection in November. “These decisions were not made lightly, as we know they impact professional and personal lives,”…
