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Business

Retail investors have a new favorite sector outside of tech

Individual investors are loading up on energy stocks despite the group's outperformance this year and last.

02/09/2022

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Business

SEC Chair Gary Gensler wants to know more about what hedge funds and private equity are doing

The federal agency is meeting on Wednesday to consider new rules for private funds.

02/09/2022

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Business

Dear Penny: Do I Have to Pay Mom's Debt With My $1M Life Insurance Payout?

Dear Penny, My mom passed away last year with lots of debt in her estate. This debt includes a mortgage, IRS tax liens, credit card debts and other heirs who would need to be notified of her estate. The estate appears to be in debt just below $200,000 with no other assets available to pay […] This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.

02/09/2022

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Business

Samsung launches new Galaxy S22 smartphones and Tab S8 tablets to take on Apple

Samsung launched a slew of new smartphones and tablets at its Galaxy Unpacked event Wednesday.

02/09/2022

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Business

Congress moves toward banning members from trading stocks

After years of resistance, House Speaker Nancy Pelosi has greenlighted a plan to ban members of Congress from trading stocks, CNBC confirmed Wednesday.

02/09/2022

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Business

Peloton's new CEO wants to be 'the great comeback story,' an internal email shows

Peloton's new CEO, Barry McCarthy, has a tough path ahead to get the connected fitness company back to profitability.

02/09/2022

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Business

Fed's Bostic says more than 3 hikes possible this year, but needs to see how economy responds

Bostic said he anticipates hiking interest rates three or four times this year, but the central bank isn't locked into a specific plan.

02/09/2022

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Business

Taco Bell parent Yum Brands misses earnings estimates as higher costs weigh on profits

Taco Bell, KFC and Pizza Hut all saw company restaurant margins shrink during the quarter.

02/09/2022

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Business

CVS fourth-quarter earnings top expectations as Covid vaccines lift overall store sales

CVS Health said demand for Covid vaccines and at-home tests lifted overall store sales, helping the company top expectations for fourth-quarter earnings.

02/09/2022

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Business

Nissan exec says new European emissions rules will make combustion engine unviable

Ashwani Gupta made his comments during an interview with CNBC's "Squawk Box Europe".

02/09/2022