CNBC Top News
Wed, 07 Dec 2022 19:48:09 GMT‘There is a slowdown happening’ – Wells Fargo, BofA CEOs point to cooling consumer amid Fed hikes
The bank leaders are providing evidence that the Fed's campaign to subdue inflation by raising borrowing costs is beginning to impact consumer behavior.
Wed, 07 Dec 2022 21:09:00 GMTCarvana shares tank as bankruptcy concerns grow for used car retailer
Shares of Carvana plummeted by more than 40% after its largest creditors reportedly signed a deal binding them to act together in negotiations.
Wed, 07 Dec 2022 18:39:58 GMTSam Bankman-Fried lobbied for Taylor Swift deal as FTX bled cash and execs urged restraint
While FTX's financials were suffering from the crypto selloff earlier this year, Sam Bankman-Fried was trying to land a sponsorship deal with Taylor Swift.
Wed, 07 Dec 2022 21:43:22 GMTHouse Financial Services Chair Waters doesn't plan to subpoena Sam Bankman-Fried to testify at hearing on FTX collapse
House Financial Services Chair Maxine Waters tells members there are no current plans to subpoena FTX founder Sam Bankman-Fried for his testimony.
Wed, 07 Dec 2022 21:46:11 GMTFederal judge dismisses crypto scam lawsuit against Kim Kardashian, Floyd Mayweather Jr.
The dismissal comes after Kim Kardashian paid over $1 million in October to settle with the SEC over her promotion of EthereumMax.
Wed, 07 Dec 2022 20:25:18 GMTUsed vehicle demand and prices continue to decline from record highs
The Manheim Used Vehicle Value Index, which tracks prices of used vehicles sold at its U.S. wholesale auctions, has declined 16% from record levels in January.
Wed, 07 Dec 2022 21:39:46 GMTApple announces plans to encrypt iCloud backups
Apple announced on Wednesday that it plans to encrypt additional iCloud data on its servers, including full backups, photos and notes.
Wed, 07 Dec 2022 21:41:23 GMTGameStop reports decline in revenue and sharp decrease in cash
GameStop posted a decline in revenue, but its net loss narrowed from a year ago.
Wed, 07 Dec 2022 19:30:57 GMTHere's how to use Lensa, the chart-topping app that uses AI to transform your selfies into digital avatars
Lensa is the top free app on Apple's App Store. For a small fee, it turns your selfies into AI-generated digital art. Here's how it works.
Wed, 07 Dec 2022 15:30:13 GMTMcDonald's hopes deals like 50-cent double cheeseburgers beef up sales on its mobile app
More than a year after its U.S. launch, McDonald's loyalty program had 25 million active members, as of Sept. 30.
Wed, 07 Dec 2022 16:52:07 GMTJim Cramer's Investing Club meeting Wednesday: China reopening, Danaher, Apple
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
Wed, 07 Dec 2022 21:33:38 GMTTrump search team finds at least 2 classified documents outside of Mar-a-Lago
Donald Trump is under criminal investigation by the Department of Justice for his removal of government documents from the White House when he left office.
Wed, 07 Dec 2022 20:26:35 GMTCandy maker Ferrero to buy Halo Top owner, expanding North American business
Wells Enterprises was founded in 1913 and has grown to be the second-largest ice cream company in the U.S., trailing only Ben & Jerry's owner Unilever.
Wed, 07 Dec 2022 21:52:45 GMTDemocratic lawmakers ask Musk for info on possible Chinese manipulation of Twitter
Three Democratic House members are calling on Elon Musk to provide information about a possible Twitter manipulation campaign by the Chinese government.
Wed, 07 Dec 2022 17:39:50 GMTSkyrocketing demand for ADHD meds is straining the U.S. health care system
Prescriptions for ADHD medications have been rising, which is leading to long waiting times for treatment and medication shortages in the U.S.
Wed, 07 Dec 2022 21:34:34 GMTFirst-ever California offshore wind auction surpasses $757 million in bids
The sale is a major milestone in the Biden administration's goal of building offshore wind turbines across the nation's coastlines to help power communities.
Wed, 07 Dec 2022 21:13:43 GMTAaron Judge signs record-breaking deal to stay with the Yankees—how his salary stacks up against other top players
The Yankees have offered Aaron Judge $360 million over nine years.
Wed, 07 Dec 2022 19:51:18 GMTJust 8% of Americans have a positive view of cryptocurrencies now, CNBC survey finds
The survey shows 43% of the public with a negative view of cryptocurrencies, up from 25% in March.
Wed, 07 Dec 2022 21:57:14 GMTHouse to vote on repeal of Pentagon's Covid vaccine mandate for U.S. troops
The overwhelming majority of Marines, soldiers and sailors have been vaccinated against Covid, but several thousand have been kicked out for refusing the shots.
Wed, 07 Dec 2022 14:34:58 GMTNational security concerns reportedly delay TikTok-U.S. deal
In notes on Wednesday, analysts predicted that Meta, Google's YouTube and Snap would stand to gain from a TikTok ban in the U.S.