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Kevin Hassett pivots to possible ‘Trump cards’ amid credit card battle with banks

Kevin Hassett pivots to possible ‘Trump cards’ amid credit card battle with banks

Business News

Kevin Hassett, director of the National Economic Council, speaks to members of the media outside the White House in Washington, DC, US, on Friday, Oct. 24, 2025. Francis Chung | Bloomberg | Getty Images White House economic advisor Kevin Hassett said Friday that large U.S. banks could voluntarily provide credit cards to underserved Americans as […]

Kevin Hassett pivots to possible ‘Trump cards’ amid credit card battle with banks Read More »

Trump’s proposed ban on buying single-family homes introduces uncertainty for family offices

Trump’s proposed ban on buying single-family homes introduces uncertainty for family offices

Business News

Single-family homes in a residential neighborhood in Miramar, Florida, Oct. 27, 2022. Joe Raedle | Getty Images News | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Private investment

Trump’s proposed ban on buying single-family homes introduces uncertainty for family offices Read More »

Trump unveils health-care plan outline as Congress wrestles over Obamacare subsidies

Trump unveils health-care plan outline as Congress wrestles over Obamacare subsidies

Business News

U.S. President Donald Trump, in front of U.S. Secretary of Health and Human Services Robert F. Kennedy Jr., delivers remarks at the White House, in Washington, D.C., U.S., Sept. 22, 2025. Kevin Lamarque | Reuters President Donald Trump on Thursday rolled out the broad outline of a health-care plan that the White House claims will

Trump unveils health-care plan outline as Congress wrestles over Obamacare subsidies Read More »

Amazon threatens ‘drastic action’ after Saks bankruptcy, says 5M stake is now worthless

Amazon threatens ‘drastic action’ after Saks bankruptcy, says $475M stake is now worthless

Business News

Amazon package and Saks Fifth Avenue bag. Getty Images Amazon wants a federal judge to reject Saks Global’s bankruptcy financing plan, writing in court papers the beleaguered department store “burned through hundreds of millions of Dollars in less than a year” and failed to hold up their agreement.  When Saks acquired Neiman Marcus for $2.7

Amazon threatens ‘drastic action’ after Saks bankruptcy, says $475M stake is now worthless Read More »

How the Buffett family plans to give away more than 0 billion

How the Buffett family plans to give away more than $150 billion

Business News

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. When Peter Buffett learned that he and his siblings would be in charge of giving away the fortunes of their father, Warren Buffett,

How the Buffett family plans to give away more than $150 billion Read More »

Commercial real estate deal-making slows again in November

Commercial real estate deal-making slows again in November

Business News

A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. For the second

Commercial real estate deal-making slows again in November Read More »

Goldman Sachs tops profit estimates as equities, asset and wealth management outperform

Goldman Sachs tops profit estimates as equities, asset and wealth management outperform

Business News

Goldman Sachs CEO David Solomon speaks during an interview at the Economic Club of Washington in Washington, D.C., U.S., Oct. 30, 2025. Kevin Lamarque | Reuters Goldman Sachs on Thursday topped expectations for fourth quarter profit as equities trading and asset and wealth management produced nearly $900 million more in revenue than expected. Here’s what

Goldman Sachs tops profit estimates as equities, asset and wealth management outperform Read More »

How Saks’s acquisition of Neiman Marcus plunged the company into bankruptcy: ‘Recipe for disaster’

How Saks’s acquisition of Neiman Marcus plunged the company into bankruptcy: ‘Recipe for disaster’

Business News

An entrance to the Saks Fifth Avenue flagship store in New York on Jan. 14, 2026, after the company filed for bankruptcy protection. Brendan Mcdermid | Reuters For more than a decade, the former executive chairman of Saks Global dreamed of adding Neiman Marcus to his collection of legacy department stores, believing the combined entities

How Saks’s acquisition of Neiman Marcus plunged the company into bankruptcy: ‘Recipe for disaster’ Read More »

Stellantis CEO: 2026 is the ‘year of execution’ as Wall Street awaits turnaround strategy

Stellantis CEO: 2026 is the ‘year of execution’ as Wall Street awaits turnaround strategy

Business News

Stellantis CEO Antonio Filosa speaks during an event in Turin, Italy, November 25, 2025. Daniele Mascolo | Reuters DETROIT — Stellantis CEO Antonio Filosa views 2026 as an execution year for the embattled maker of Jeep, Ram and Dodge vehicles in the U.S. after years of market share declines. Filosa has been undertaking a turnaround

Stellantis CEO: 2026 is the ‘year of execution’ as Wall Street awaits turnaround strategy Read More »

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