Wall Street

Hertz surges after Bill Ackman takes big stake in rental car firm

Hertz surges after Bill Ackman takes big stake in rental car firm

Ev Richard

Bill Ackman’s Pershing Square took a sizable stake in Hertz, the rental car company that exited from bankruptcy four years ago, ...

Stagflation? Fed sees higher inflation and an economy growing by less than 2% this year

Stagflation? Fed sees higher inflation and an economy growing by less than 2% this year

Lawrence Booth

Federal Reserve Chairman Jerome Powell pauses while delivering remarks at a news conference following a Federal Open Market Committee (FOMC) ...

Google inks deal with nuclear company as data center power demand surges

Google inks deal with nuclear company as data center power demand surges

Albert Wagner

People take photos in front of a giant Google logo at Google’s Bay View campus in Mountain View, California on ...

Two China ETFs go on different paths

Two China ETFs go on different paths

Lawrence Booth

Two exchange-traded funds are looking for profits in China with two different strategies. While the Rayliant Quantamental China Equity ETF ...

CNBC Daily Open: Wall Street ‘dress rehearsal’

CNBC Daily Open: Wall Street ‘dress rehearsal’

Albert Wagner

Traders work the floor of the New York Stock Exchange on August 16, 2024.  Angela Weiss | AFP | Getty ...

Bank of America (BAC) earnings Q2 2024

Bank of America (BAC) earnings Q2 2024

Mickey Vernon

Bank of America on Tuesday said second-quarter revenue and profit topped expectations on rising investment banking and asset management fees. ...

‘We lost quite a bit of money’

‘We lost quite a bit of money’

Lawrence Booth

OMAHA, Neb. — Warren Buffett revealed that he dumped Berkshire Hathaway’s entire Paramount stake at a loss. “I was 100% ...