CNBC Business News Update

Stocks are sliding as concerns about holiday debt loom large. Netflix breaks records streaming NFL games on Christmas Day, showcasing its growing dominance in sports entertainment. Meanwhile, OpenAI's shift to a for-profit model raises eyebrows about the future of AI development. The discussion reveals alarming statistics about rising holiday debt for many Americans, highlighting the impact of economic uncertainty on personal finances.

The stock market showcased a mixed performance, with the Dow rising while the S&P 500 and Nasdaq slipped. Netflix’s bold move into live NFL broadcasts signals its ongoing evolution. In a surprising twist, Walgreens outperformed expectations amidst broader market challenges. The auto industry is buzzing with Toyota's ambitious goals and Honda’s intriguing merger discussions with Nissan. Additionally, all eyes are on FedEx as it gears up for its earnings announcement.

Stocks are sliding after the holidays, revealing mixed economic signals. Jobless claims are edging lower, yet the labor market remains uncertain. Excitingly, holiday retail sales have outperformed expectations. Meanwhile, the automotive industry is in flux with production declines at Toyota and potential mergers involving Honda.

Discover the upbeat trends in the stock market as major indices experience strong gains, led by a notable 390-point jump in the Dow. Amid the optimism for future earnings, explore how rising interest rates are putting pressure on the housing market, particularly for first-time buyers. Meanwhile, luxury segments show resilience, and the affordability index shifts dramatically. Plus, find out how Apple is racing towards a groundbreaking $4 trillion market value.

The stock market is trending upwards ahead of the holidays, with key indices like the Dow and S&P 500 seeing significant gains. A portfolio manager shares a cautiously optimistic outlook on future performance. Meanwhile, Netflix is set to enhance its subscriber engagement with NFL broadcasts, and there’s a notable shift towards smaller vehicle sales in America due to economic pressures. The discussion also covers the effects of deregulation and tax cuts on the current market landscape.

Discover how major stock indexes are performing as the market gains momentum during the holiday season. Apple's valuation is on the verge of hitting a staggering $4 trillion. Dive into the resilience of tech giants navigating cloud computing and AI disruptions. Hear about American Airlines facing flight delays and a nationwide Starbucks strike advocating for employee rights. Finally, banks are taking legal action against the Federal Reserve over stress test procedures, highlighting the ongoing tensions in the financial sector.

The latest in business, financial, and market news and how it impacts your money, reported by CNBC's Peter Schacknow Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The latest in business, financial, and market news and how it impacts your money, reported by CNBC's Peter Schacknow Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The latest in business, financial, and market news and how it impacts your money, reported by CNBC's Peter Schacknow Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

From Wall Street to Main Street, the latest on the markets and what it means for your money. Updated regularly on weekdays, featuring CNBC expert analysis and sound from top business newsmakers. Anchored by CNBC's Jessica Ettinger. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.