Jonathan McKernan, U.S. President Donald Trump's nominee to be the director of the Consumer Financial Protection Bureau, sits on the day he testifies during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., February 27, 2025. Annabelle Gordon | ReutersPresident Donald Trump's pick...
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Europe’s luxury sector is showing signs of revival — but China weakness and tariff threats loom
A Gucci luxury goods store in the Galleria Vittorio Emanuele shopping mall in Milan, Italy.Bloomberg | Bloomberg | Getty ImagesEurope's troubled luxury sector is showing signs of revival after an upbeat earnings season. But continued weakness in China — and the prospect of U.S. tariffs — could leave even the...
Jamie Dimon calls U.S. government ‘inefficient’ and says Elon Musk’s DOGE effort ‘needs to be done’
JPMorgan Chase CEO Jamie Dimon on Monday said the U.S. government is inefficient and in need of work as the Trump administration terminates thousands of federal employees and works to dismantle agencies including the Consumer Financial Protection Bureau.Dimon was asked by CNBC's Leslie Picker whether he supported efforts by Elon...
ETFs that allow investors to make big bets on market moves are gaining in popularity
Traders work on the New York Stock Exchange (NYSE) floor on Feb. 20, 2025 in New York City.Spencer Platt | Getty ImagesSpend some time looking at trading volumes, and you'll notice something interesting: A lot of investors recently are making outsized bets on the stock market.Most of them are long...
Anthropic closes in on $3.5 billion funding round as investor interest soars
Dario Amodei, Anthropic's CEO, speaking on CNBC's "Squawk Box" outside the World Economic Forum in Davos, Switzerland, on Jan. 21, 2025.Gerry Miller | CNBCAnthropic is in talks to raise a $3.5 billion funding round, significantly more than the amount previously expected, CNBC has confirmed.The round would roughly triple the artificial...