His comments come after the central bank lowered interest rates by a quarter point Wednesday, while signaling two more reductions are coming this year.

These are some of the stocks posting the largest moves in the premarket.

In a CNBC interview Thursday, Hassett noted that the administration, and new Fed Governor Stephen Miran, had been pushing for a bigger reduction.

Larry Ellison’s fortune is built on mountains of leverage and risk, allowing him to borrow against his shares and raise cash without giving up control.

CNBC’s Robert Frank reports on how Oracle co-founder and chairman Larry Ellison’s net worth has grown by more than $100 billion in the past day.

American Express’ move highlights an arms race of sorts when it comes to catering to wealthy consumers. JPMorgan and Citi released updated or new cards recently.

A charity auction in Singapore featured a private dinner with DBS Group’s first female CEO Tan Su Shan. The experience fetched a winning bid of over $14,000.

The company said it plans to launch the new supercluster as soon as next year.

The Federal Reserve on Wednesday delivered on a widely anticipated quarter percentage point interest rate cut.

Gundlach’s gold call is also partly based on his belief that inflation will stay stubbornly elevated because of the impact from tariffs.