Author: Editor-In-Chief

JP Morgan Chase CEO Jamie Dimon on Wednesday announced a $24 million commitment to help revive the U.S. shipbuilding industry. This is the latest step under the bank’s $1.5 trillion security project aimed at strengthening industries critical to the U.S. economy and national security.JPMorgan said the amount includes financing for Rose Industries’ new submarine manufacturing facility at the Philadelphia Navy Yard, expanded lending to maritime small and medium-sized businesses, and $18 million in loans and $6 million in grants to strengthen regional suppliers.”The arms of democracy have been rekindled,” Dimon told CNBC’s Andrew Ross Sorkin.”People said it couldn’t happen, but…

U.S. Social Security Administration Secretary Frank Bisignano speaks during a press conference to unveil the official website of the Trump account at the Treasury Department in Washington, DC, USA on December 17, 2025. Aaron Schwartz | ReutersThe U.S. Treasury Department will appoint senior official Frank Bisignano to lead the implementation of the expansion of the popular Trump account, the department told CNBC on Wednesday.The move is an expansion of Mr. Bisignano’s authority, as he will retain his roles as head of the Internal Revenue Service and head of the Social Security Administration. Bisignano resigns as CEO of financial technology company…

AI models are becoming increasingly sophisticated, but the big question remains what exactly adoption will look like in enterprises. To shape that future, labs like Anthropic and OpenAI have launched separate businesses dedicated to placing AI engineers in their customers’ offices. It’s a bet that helping companies understand how to use AI models will be the next trillion-dollar category. One of those businesses has a name. Ode with Anthropic is a $1.5 billion AI implementation company that AI Lab launched in May as part of a joint venture with Blackstone, Hellman & Friedman, Goldman Sachs and others. This move follows…

(The stream is scheduled to begin at 10 a.m. ET. CNBC TV will begin the stream once the event begins. Refresh the page if you don’t see the player above.)Federal Reserve Chairman Kevin Warsh testified Wednesday before the Senate Banking Committee and faced questions about how the economy and various factors affect interest rates.Warsh spoke to the House Financial Services Committee on Tuesday as part of the central bank governor’s Congressional mandated appearance on Capitol Hill. In his remarks, he offered few clues about the direction of monetary policy but reaffirmed the Fed’s commitment to fighting inflation.Lawmakers tried to coax…

U.S.-listed shares of Chinese conglomerates alibaba Shares rose 4% in pre-market trading on Wednesday after confirming that the company’s Qwen AI model will be integrated. apple Chinese system. “Qwen will be integrated into the Apple Intelligence experience within iOS, iPadOS, macOS, and visionOS for users in China,” an Alibaba spokesperson told CNBC. The Cyberspace Administration of China included Apple AI services in its list of approved providers, which also included products from domestic companies such as Huawei. Alibaba’s ADR stock was recently up 3.7%. Apple has been contacted for comment. Stock chart iconStock chart iconChanges in Alibaba’s US listed stocks…

National Economic Council Chairman Kevin Hassett said Wednesday there was no discussion of raising interest rates given the latest data on the U.S. economy, including an “alarming” inflation report.”There’s absolutely no excuse to raise rates at this point,” Hassett said on CNBC’s “Squawk Box.”He said if the data trend continues, he expects the Fed will “think differently” – lowering interest rates.Hassett added that the White House expects Federal Reserve Chairman Kevin Warsh, who President Donald Trump took over in late May, “to guide the committee to the right answers.”Mr. Hassett’s preference for low interest rates coincides with Mr. Trump’s persistent…

On Tuesday, an Israeli military attack on the Jabalia camp in northern Gaza left the police chief and several police officers dead, increasing the civilian death toll.Despite a months-long “ceasefire,” Israel continues to carry out deadly attacks across the Palestinian territories, citing the presence and “imminent threat” of Hamas fighters.But political and strategic analysts warn that these daily incursions are not isolated security operations, but rather part of a calculated pattern to kill law enforcement officers, medical professionals, government officials, and intellectuals. They warn that these killings could systematically derail the U.S.-backed postwar Gaza plan, paralyze the so-called peace commission…

On Tuesday, an Israeli military attack on the Jabalia camp in northern Gaza left the police chief and several police officers dead, increasing the civilian death toll.Despite a months-long “ceasefire,” Israel continues to carry out deadly attacks across the Palestinian territories, citing the presence and “imminent threat” of Hamas fighters.But political and strategic analysts warn that these daily incursions are not isolated security operations, but rather part of a calculated pattern to kill law enforcement officers, medical professionals, government officials, and intellectuals. They warn that these killings could systematically derail the U.S.-backed postwar Gaza plan, paralyze the so-called peace commission…

On Tuesday, an Israeli military attack on the Jabalia camp in northern Gaza left the police chief and several police officers dead, increasing the civilian death toll.Despite a months-long “ceasefire,” Israel continues to carry out deadly attacks across the Palestinian territories, citing the presence and “imminent threat” of Hamas fighters.But political and strategic analysts warn that these daily incursions are not isolated security operations, but rather part of a calculated pattern to kill law enforcement officers, medical professionals, government officials, and intellectuals. They warn that these killings could systematically derail the U.S.-backed postwar Gaza plan, paralyze the so-called peace commission…

Osnabruck, Germany — Niki Nikbakht comes from a close-knit family. She looks fondly at a photo of her two older brothers, Hadi and Fazlolla, at her home in Osnabrück, northwestern Germany. In one photo, Hadi smiles back at her while hugging his two sons. He also has a 5-month-old daughter who has never met her father. He was sentenced to death by the Islamic Republic of Iran and has been imprisoned since before she was born. “I always think: What if it really happened? What would I do if I never saw my two brothers again?” Nikbakht says, fighting back…