Cassidy supports Todd Blanche, Trump’s embattled attorney general pick
Acting Attorney General Todd Blanche appears at his confirmation hearing in front of the Senate Judiciary Committee on Capitol Hill July 15, 2026 in Washington, DC. Eric Lee | Getty Images Sen. Bill Cassidy, R-La., said Friday he will vote to confirm…
Why falling long-term unemployment is a bad sign for the job market
Job seekers wait in line to enter a job fair on June 30, 2026, in Carson, California. Justin Sullivan | Getty Images News | Getty Images Long-term unemployment fell in July — which, on its face, sounds like a good thing. But labor market data suggests…
Trump teased Iran deal, markets soared. Why it keeps happening
U.S. President Donald Trump speaks during an event in the Oval Office of the White House on Aug. 6, 2026 in Washington, DC. Alex Wong | Getty Images The Trump administration this week sparked enthusiasm that the U.S. and Iran could soon strike a deal on…
Burger King tops Wendy’s as nation’s second-largest burger chain
Burger King and Wendy’s signage. Getty Images Burger King has overtaken Wendy’s as the second-largest burger chain in the U.S. by systemwide sales, retaking its crown six years after losing it to the rival chain. The change in positions…
Gold bugs spend $180 million betting all’s clear for metal as bond yields stall
One-ounce gold bars at the Valcambi SA precious metals refinery in Balerna, Switzerland, on Friday, Sept. 9, 2025. Valcambi SA, Switzerland’s largest refiner, processes up to 2,000 tons of precious metals a year at its site in Balerna on the border…
Trump revives effort to fire Fed’s Lisa Cook
Federal Reserve Board Governor Lisa Cook participates in a board meeting at the Federal Reserve on March 19, 2026 in Washington, DC. Kevin Dietsch | Getty Images President Donald Trump is «considering» firing Federal Reserve Board Governor Lisa Cook, the…
The Situational Awareness unwind is only one reason the AI trade is back
It was a clearing event after all. It’s been just over a week since the forced unwind of the high-flying Situational Awareness hedge fund, and the artificial intelligence trade is now standing on solid ground after a turbulent July battered the…
Prediction markets take center stage in latest quarterly earnings
Budrul Chukrut | SOPA Images | Lightrocket | Getty Images The latest quarterly earnings reports from FanDuel parent Flutter Entertainment, DraftKings and others shone a spotlight on the burgeoning prediction markets industry. A growing number of…
‘SaaSpocalypse’ debate intensifies as software stocks swing wildly
Michael Cannon-Brookes, co-CEO of Atlassian. Scott Mlyn | CNBC The «SaaSpocalypse» was raging this week. Then it got a reprieve. The pennies-on-the-dollar acquisition of one-time highflyer Airtable, followed by plunges in HubSpot, Datadog and Figma on…
Russia sanctions bill honoring Lindsey Graham breezes through Senate
Ukraine’s President Volodymyr Zelenskyy meets with U.S. Senator Lindsey Graham (R-SC), amid Russia’s attack on Ukraine, in Kyiv, Ukraine May 30, 2025. Ukrainian Presidential Press Ser | Via Reuters Read more CNBC politics and policy coverage…