Eric Jackson, a hedge fund manager who partly contributed to the trading explosion in Opendoor, unveiled his new pick Monday — Better Home & Finance Holding Co.Shares of Better Home shot up 8.4% after a Jackson post on X touted the stock, after the New York-based mortgage lender soared more than 36% last week. Better Home's market capitalization was a little more than $500 million as of Friday's close, according to FactSet data.The EMJ Capital president and founder called Better Home "the Shopify of mortgag ...

Alberto Musalem, President and CEO of the Federal Reserve Bank of St. Louis, speaks to the Economic Club of New York, in New York City, U.S., Feb. 20, 2025.St. Louis Federal Reserve President Alberto Musalem on Monday reiterated his support for last week's interest rate cut, but said he is wary about going much further.Speaking less than a week after the Federal Open Market Committee lowered its key overnight borrowing rate by a quarter percentage point, the central bank official advocated caution as he con ...

Pfizer on Monday said it would buy weight loss drugmaker Metsera in an up to $7.3 billion deal, including future payments, as it scrambles to win a slice in the booming obesity drug market. Pfizer said it will pay an initial $47.50 a share in cash for Metsera, a nearly 43% premium to the biotech company's Friday's closing price of $33.32. That gives the deal an enterprise value of $4.9 billion. The pact also includes a contingent value right worth up to $22.50 a share based on potential clinical and regulat ...

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An oil tanker delivers at the oil terminal in the harbor on Oct. 10, 2016, in Kochi, India.Saudi Arabia's new mutual defense pact with Pakistan is unlikely to alter Riyadh's energy relationship with key consumer India, a source told CNBC.Asked whether India would continue to buy Saudi barrels, a senior source familiar with the matter told CNBC, "Of course."The source, who could only speak anonymously because of the sensitivity of the matter, added that Saudi Arabia is looking to shore up its security by bro ...

Wera Rodsawang | Moment | Getty ImagesTo the average investor, mutual funds and exchange-traded funds may not seem very different.After all, they are both relatively liquid baskets of stocks, bonds and other assets overseen by professional money managers, and can help investors diversify their portfolios.But there are some key differences that may make one a better financial choice than the other for certain investors, according to experts.How they tradePerhaps the most obvious difference is how investors t ...

In this articleBBWA Build-A-Bear Workshop in Herald Square, New York on Sept. 16, 2025. Laya Neelakandan | CNBCFor 26-year-old Cammie Craycroft's friends, the perfect birthday activity this summer was a group trip to Build-A-Bear Workshop.Craycroft said she and her friends grew up going to the retailer, which is known for its experiential shopping product where customers can choose their stuffed animal and then pick its outfits, accessories and more."Build-A-Bear means a lot to me. I had so many birthday pa ...

In this photo illustration, the Luxshare Precision company logo is seen displayed on a smartphone screen.Shenzhen-listed Luxshare saw its shares jump about 10% on Monday, following a report that the Chinese device assembler had signed a deal with OpenAI to produce a consumer AI device. The company, which is also a supplier for Apple, is already developing a prototype of the device using ChatGPT large language models, The Information reported Friday, citing people familiar with the matter.One source said tha ...

BEIJING, CHINA - OCTOBER 12: The People's Bank of China (PBOC) building is pictured on October 12, 2020 in Beijing, China.China kept its benchmark lending rates unchanged for the fourth month in a row on Monday despite the U.S. Federal Reserve's interest rate cut last week.The People's Bank of China kept the one-year loan prime rate (LPR) unchanged at 3.0% while the five-year LPR at 3.5%, respectively, according to a statement Monday. The one-year LPR influences most new and outstanding loans, while the fiv ...

TOKYO, JAPAN - JULY 27: Pedestrians and shoppers walk through the Akihabara area on July 27, 2023 in Tokyo, Japan. Japan's core consumer price index climbed by 3.3% in June, outpacing the US figure for the first time in eight years as the Bank of Japan holds its monetary policy meeting on July 27 and 28. (Photo by Tomohiro Ohsumi/Getty Images)Asia-Pacific markets traded higher Monday, tracking Wall Street's gains on Friday stateside, as investors awaited China's key lending rate decision that's due out toda ...