The yuletide anthem makes millions of dollars every year, estimates suggest. The "Queen of Christmas" likely keeps a big chunk…
Category: News – CNBC
Behind Amazon’s quiet launch of Haul, which competes with Temu in ultra-low-price items from China
Amazon in November quietly launched Haul, for items under $20, largely from China. It's Amazon's answer to the soaring popularity…
House Democrats say GOP caved to Musk in funding bill, protecting his China interests
The funding bill that Congress passed over the weekend could have gone further if not for Elon Musk's influence over…
Government shutdown averted after Senate passes bipartisan House stopgap funding bill
President Biden is expected to sign the bill Saturday. ...
CFPB sues JPMorgan Chase, Bank of America and Wells Fargo over Zelle payment fraud
Zelle, a peer-to-peer payments network run by bank-owned fintech firm Early Warning Services, allows for instant payments to other consumers…
Key Fed inflation measure shows 2.4% rate in November, lower than expected
The PCE price index was expected to show a 2.5% annual inflation rate in November after rising 0.2% monthly. ...
Warren Buffett’s Berkshire Hathaway scoops up Occidental and other stocks during sell-off
Berkshire Hathaway bought over $560 million worth of stocks over the last three sessions. ...
Trump Georgia election case DA Fani Willis disqualified but indictment stands: appeals court
President-elect Donald Trump and others are charged in Georgia with crimes related to efforts to overturn his 2020 election loss…
Here’s what a blockbuster Nissan-Honda merger could mean for the auto industry
Nissan and Honda are understood to be exploring a blockbuster merger as the two rival companies seek to stay competitive on…
Merck to develop weight loss pill from Chinese drugmaker in up to $2 billion licensing deal
Merck will pay Hansoh $112 million upfront for rights to the drug, with the potential for an additional $1.9 billion…
Databricks announces $10 billion financing at $62 billion valuation
The company's new valuation is up from $43 billion in 2023. ...
The Fed is likely to cut rates, but some worry it may not be the right move, CNBC survey found
Economists and strategists are uncertain about the inflation outlook, the CNBC Fed Survey for December found. ...