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
Coca-Cola taps COO Henrique Braun to replace James Quincey as CEO in 2026
Henrique Braun to become the next CEO of The Coca-Cola Company. Courtesy: The Coca-Cola Company Coca-Cola Chief Operating Officer Henrique Braun will succeed James Quincey as CEO next year, the company said Wednesday, as Coke and its rivals navigate tepid consumer demand for soft drinks. The change will take effect Continue Reading
Stocks making the biggest moves midday: PLAB, AVAV, CART, GEV
Check out the companies making the biggest moves midday: Photronics — The maker of flat panel display components rallied more than 37% on better-than-expected results for its fiscal fourth quarter. Photronics’ first-quarter earnings guidance also exceeded estimates. Maplebear — The grocery delivery platform stumbled 6% after Amazon announced in a Continue Reading
Trump pulls truckers who failed English off U.S. roads
U.S. Transportation Secretary Sean Duffy speaks during a press conference to discuss the impact of the government shutdown on air safety workers and travel at Philadelphia International Airport in Philadelphia, Pennsylvania, U.S., October 24, 2025. Rachel Wisniewski | Reuters The Trump administration said Wednesday that it has pulled nearly 10,000 Continue Reading
Fed interest rate decision December 2025:
A Federal Reserve split over where its priorities should lie cut its key interest rate Wednesday, but signaled a tougher road ahead for further reductions. Fulfilling expectations of a “hawkish cut,” the central bank’s Federal Open Market Committee lowered its key overnight borrowing rate by a quarter percentage point, putting Continue Reading
How December’s Fed rate cut affects borrowing costs
The Federal Reserve cut its benchmark rate by a quarter point at its last meeting of the year. December’s move marks the third time in a row the central bank lowered interest rates — shaving three-quarters of a point off the federal funds rate since September to a range of 3.5%-3.75%. The Continue Reading
Here’s what changed in the new statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in October. Text removed from the October statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black Continue Reading