Construction on the Marriner S. Eccles Federal Reserve building in Washington, DC, US, on Wednesday, June 25, 2025. Al Drago | Bloomberg | Getty ImagesThe Federal Reserve has brought in its inspector general to review a building expansion that has drawn fire from the White House, according to a source...
Category: Finance
Robinhood CEO downplays OpenAI concerns on tokenized stock structure
Robinhood CEO Vlad Tenev says it's not "entirely relevant" that the trading platform's so-called tokenized shares of OpenAI and SpaceX aren't technically equity in the companies.It comes after OpenAI raised concerns about the product, which is designed to give users in the European Union exposure to various U.S. stocks —...
Trump ‘big beautiful bill’ gives top 1% biggest tax cuts in these states
Speaker of the House Mike Johnson, R-La., speaks to reporters as he walks back to his office as the House of Representatives waits to vote on President Trump's "big beautiful bill" reconciliation package on July 3, 2025.Bill Clark | CQ-Roll Call, Inc. | Getty ImagesA massive package of tax cuts...
Slam dunk? Fundstrat’s Tom Lee considers two new themes for his Granny Shots ETF
Long-time market bull Tom Lee is considering two new themes for his Fundstrat Granny Shots US Large Cap ETF. On CNBC's "ETF Edge" this week, he revealed sovereign security could soon make the cut. "It's now evident to me that the mechanisms are in motion for companies to really fix their supply...
3 forces driving a record week for stocks as 7 portfolio names hit new highs
It's been a week of records for the U.S. stock market — and for several stocks in the CNBC Investing Club's portfolio. The S & P 500 jumped to an all-time high of 6,187.68 Friday, while the tech-heavy Nasdaq Composite rose to a new record of 20,311.51. Both benchmark gauges...