Esusu, platform for renters to build credit, valued at $1.2 billion
Esusu, a fintech platform that helps renters build credit scores, has raised $50 million in a Series C funding round at a $1.2 billion valuation. Renters have remained largely excluded from the traditional credit system, with an estimated $1.4 trillion paid to landlords every year in the U.S., but only Continue Reading
Bessent to propose major overhaul of regulatory body created from financial crisis
U.S. Treasury Secretary Scott Bessent speaks onstage during The New York Times DealBook Summit 2025 at Jazz at Lincoln Center on December 03, 2025 in New York City. David Dee Delgado | Getty Images Entertainment | Getty Images Treasury Secretary Scott Bessent is proposing a major change in the approach Continue Reading
JetBlue unveils first ever airport lounge, BlueHouse
JetBlue Airways’ new lounge, BlueHouse, at JFK’s Terminal 5. Courtesy: JetBlue Airways JetBlue Airways‘ first airport lounge since it started flying nearly 26 years ago is here, inspired by a New York City apartment — but bigger. The 9,000-square foot lounge, called BlueHouse, is set to open Dec. 18 at Continue Reading
Harness is worth $5.5 billion in round led by Goldman Sachs
Jyoti Bansal, co-founder and CEO of Harness, speaks at the company’s Unscripted conference in London on Sept. 25, 2025. Harness Almost nine years ago, Jyoti Bansal sold AppDynamics to Cisco for $3.7 billion just as the software startup was set to go public. Bansal’s latest venture, Harness, is now worth Continue Reading
Eli Lilly’s weight loss drug retatrutide clears first late-stage study
The Eli Lilly logo appears on the company’s office in San Diego, California, U.S., Nov. 21, 2025. Mike Blake | Reuters Eli Lilly on Thursday said its next-generation obesity drug delivered strong weight loss and reduced knee arthritis pain in a late-stage study, clearing the first of several upcoming trials Continue Reading
Fed’s dot plot shows one rate cut for next year
The Federal Reserve logo is visible on the William McChesney Martin Jr. Building on December 9, 2025 in Washington, DC. Andrew Harnik | Getty Images News | Getty Images The Federal Reserve still sees just one rate cut in 2026, unchanged from its last forecast about three months ago. The Continue Reading
The Fed is the most divided it’s been in more than six years
Federal Reserve Governor Stephen Miran speaks with CNBC during the Invest i America Forum on Oct. 15, 2025. CNBC There were three dissenters from the Federal Reserve’s decision to lower the federal funds rate by a quarter percentage point on Wednesday, making it the most divisive the central bank has Continue Reading
What DoubleLine’s Jeffrey Gundlach is betting on after the Fed decision
DoubleLine Capital CEO Jeffrey Gundlach said Wednesday he’s warming up to commodities, while doubling down on foreign investments amid dollar weakness. The widely followed investor said he recently shifted positive on broad commodities, pointing to a steady, largely overlooked rally in the asset class. “Commodities broadly have quietly started to Continue Reading
Chewy CEO talks strategy for ’emotive’ pet category after earnings beat
Chewy CEO Sumit Singh reviewed the online pet supplies retailer’s most recent quarter in a Wednesday interview with CNBC’s Jim Cramer, and detailed strategy — namely a focus on scale, convenience and personalization. “Pets…is a super emotive category,” Singh said. “And in an emotive category like this, when you show Continue Reading
Here are the five big takeaways from Wednesday’s Fed rate decision
Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on December 10, 2025 in Washington, DC. Chip Somodevilla | Getty Images The Federal Reserve on Wednesday approved a much-anticipated quarter percentage point interest rate cut at a meeting Continue Reading