Fanatics is divesting its 60% stake in NFT company Candy Digital
Michael Rubin's sports platform company Fanatics is divesting its 60% stake in NFT company Candy Digital, according to an internal email obtained by CNBC.
Market Extra: Credit Acceptance shares tumble 12% after regulators sue, claim illegal subprime auto lending practices
U.S., New York regulators claim Credit Acceptance is using illegal and predatory practices that trick low-income borrowers into high-cost auto loans that cause a debt...
20 Republicans oppose McCarthy again in fifth vote, one votes ‘present’
A fifth round of voting in the U.S. House of Representatives failed to produce a speaker on Wednesday, with top House Republican Kevin McCarthy again...
: U.S. oil futures log lowest finish in more than 3 weeks
U.S. oil futures on Wednesday marked their lowest settlement in more than three weeks, pressured by ongoing worries about the outlook for global economic growth,...
Where to keep your cash amid high inflation and rising interest rates: It’s ‘a little tricky,’ says expert
There are many options when saving for short-term goals, and it's trickier amid high inflation and rising interest rates. Here's what savers need to know.
The Fed: No Fed official expects an interest-rate cut to be appropriate this year, meeting minutes show
Federal Reserve officials were unanimous in the view that there would be no need to cut rates this year, according to minutes of their December...
Metals Stocks: Gold futures tally a 4th straight session gain as the dollar weakens, yields retreat
Gold prices tally a fourth straight session gain on Wednesday, settling at their highest in nearly seven months.
Market Extra: 2022 was the ‘biggest outlier year’ in markets history as stocks and bonds both plunged, Deutsche Bank says
U.S. markets experienced a historic reckoning in 2022 after the Federal Reserve's efforts to combat the worst inflation in decades sent stocks and bonds reeling.
Market Extra: How China’s reopening has the potential to shake financial markets
In a matter of days, China is set to reopen --- setting up another likely jolt to financial markets still trying to heal from an...