The biggest banks in the U.S., including JPMorgan Chase $JPMorgan(JPM.US)$ & Co., are discussing a joint rescue of First Republic Bank $First Republic Bank(FRC.US)$ that could include a sizable capital infusion to shore up the beleaguered lender, people familiar with the matter said. JPMorgan is working with Citigroup Inc. $Citigroup(C.US)$, Bank of America Corp. and Wells Fargo & Co. to provide a lifeline to First Republic, the people said. Others involved include Morgan Stanley and Goldman Sachs Group Inc. as well as U.S. Bancorp and PNC Financial Services Group Inc. $PNC Financial Services(PNC.US)$, the people said. The deal could be unveiled as early as today, the people said. The situation is fluid and whether a deal comes together and what it might look like is still highly u

This month, Niche released its ranking of the best cities to live in America in 2023. The list ranked 228 cities by using data from the U.S. Census, FBI, Bureau of Labor Statistics and CDC in combination with millions of resident reviews. For Niche's report, cities were defined as urbanized areas with a population of 100,000 or more. They were ranked based on the following factors: affordability local housing market neighborhood diversity area public schools walkability Top 10 best U.S. cities to live in for 2023 Cambridge, Mass. Arlington, Va. The Woodlands, Texas Naperville, Ill. Columbia, Md. Berkeley, Calif. Irvine, Calif. Ann Arbor, Mich. Overland Park, Kan. Bellevue, Wash. For the first time ever, Cambridge, Massachusetts, topped the list. Niche data analyst Cortland Reed tells CNBC

As 2022 wrapped, Warren Buffett's Berkshire Hathaway was the largest shareholder of eight stocks that include traditional oil companies and financial-services giants.Berkshire now enjoys major ownership in an unmatched collection of huge and diversified businesses, Buffett, 92, wrote in his annual letter.Buffett noted that last year there were 128 companies in the S&P 500 that earned more than $3 billion in profits -- and Berkshire was the largest shareholder in eight of these businesses: $American Express(AXP.US)$ and $Bank of America(BAC.US)$, among them.Berkshire is also the dominant holder of $Chevron(CVX.US)$ and $Occidental Petroleum(OXY.US)$, continuing a Buffett pledge in favor of fossil-fuel ownership even as other parts of Berkshire dips into alternatives.Further, Buffett's B

$Rivian Automotive(RIVN.US)$ rose some 2% in after-hours trading Tuesday after the EV make reported third-quarter financial results after the bell. Here's a look at the key metrics from the quarter: Earnings Rivian reported third-quarter revenue of $1.337 billion, which beat the consensus estimate of $1.327 billion, according to Benzinga Pro. The company also reported a quarterly loss of $1.19 per share, which beat analyst estimates for a loss of $1.32 per share. Heading into the print, Rivian had beat earnings expectations in six of eight quarters since going public. However, the company had beaten revenue estimates just 50% of the time. "The key drivers of our path to positive gross profit are ramping production and leveraging our fixed costs, material cost reduction, and increasing aver

Boosted by new partnerships with Amazon (AMZN) and Qualcomm (QCOM), Visteon (VC) sports the highest-possible 99 Composite Rating as it revs up a potential breakout. Pioneering advances in artificial intelligence and autonomous driving technology for automakers, the company drove 778% earnings growth last quarter. Earnings are due out Feb. 16 before the open. Visteon provides automotive parts for vehicle manufacturers. It counts Ford (F) and General Motors (GM) as major clients. Its technology crosses a range of industries and applications, including AI, connected cars and cybersecurity. The Michigan-based firm has roughly 10,000 employees at more than 40 facilities in 17 countries. Fellow leaders in the Auto-Truck/Original Equipment industry group are also showing technical and fundamental

It’s the start of a new year, and for those of you who have braved through a tough 2022, you can look forward to receiving your bonus or annual wage supplement. But with inflation hovering near 14-year highs, it may not be a good idea to sock that sum of money in a bank account. Although many banks have been raising their savings deposit rates, parking your money in the bank is still not an effective long-term solution to beating inflation. In addition, such accounts also come with a host of terms and conditions before you can enjoy the maximum interest rate tier. It’s a better idea to invest the money in solid, well-managed blue-chip companies that offer a great mix of growth and dividends. What’s more, with a possible recession looming on the horizon, blue chips are also well-equipped to

Someone with a lot of money to spend has taken a bearish stance on NVIDIA (NASDAQ:NVDA). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga. Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with NVDA, it often means somebody knows something is about to happen. So how do we know what this whale just did? Today, Benzinga's options scanner spotted 39 uncommon options trades for NVIDIA. This isn't normal. The overall sentiment of these big-money traders is split between 30% bullish and 69%, bearish. Out of all of the special options we uncovered, 25 are puts, for a total amount of $1,127,496, and 14 are calls, for a total amount

Even artificial intelligence wants to learn from Bill Gates. When the Microsoft co-founder sat down for an interview with U.K. Prime Minister Rishi Sunak last month, the two answered questions generated by a ChatGPT-like AI chatbot. The bot asked Gates about the best advice he's ever received and how it has influenced his own life. In response, the 67-year-old pulled out some words from his longtime friend and fellow billionaire Warren Buffett on the subject of friendship. "Warren Buffett talked about [how], in the end, it's how friends really think of you and how strong those friendships are [that matters]," Gates said. Gates and Buffett have been friends for more than three decades. Their shared interests go beyond their wealth: The pair co-founded The Giving Pledge, which encourages the

'Path to fully sustainable energy future' to be unveiled March 1, Musk promises Tesla Inc. Chief Executive Elon Musk teased a "Master Plan 3" for the electric-vehicle maker on March 1, nearly a year after he first tweeted about the blueprint. Musk said late Tuesday that details will be unveiled at Tesla's (TSLA) investor day on March 1, scheduled to take place at the company's Texas headquarters. "We suspect his plan will tie together" with Tesla's 2016 Master Plan 2, mentioning robotaxis, shared rides to reduce driving miles, "megapack" batteries, and recycling targets, said Chris McNally, an analyst with Evercore ISI. Musk tweeted on March 16 that he was "working on" the plan: Musk released the second Master Plan in March 2016, promising a few things that have fallen short of reality. Se

Google is testing new artificial intelligence-powered chat products that are likely to influence a future public product launch. They include a new chatbot and a potential way to integrate it into a search engine. The Alphabet company is working on a project under its cloud unit called "Atlas," which is a “code red” effort to respond to ChatGPT, the large-language chatbot that took the public by storm when it went public late last year. Google is also testing a chatbot called “Apprentice Bard,” where employees can ask questions and receive detailed answers similar to ChatGPT. Another product unit has been testing a new search desktop design that could be used in a question-and-answer form. Leaders have been asking more employees for feedback on the efforts in recent weeks. CNBC viewed in