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Earned Income Tax Credit would rise to $5,500 per child under new Democratic measure

by CNBC Markets | April 15, 2026 8:25 pm | US Markets

The bill would also increase the maximum qualifying income to claim the EITC to nearly $100,000 annually.

Cleveland Fed President Hammack expects interest rates to stay on hold ‘for a good while’

by CNBC Markets | April 15, 2026 7:10 pm | US Markets

The central bank official advocated a patient approach as officials watch incoming data for clues about where the U.S. economy is heading.

Trump threatens to fire Powell if the Fed chair doesn’t leave office on his own

by CNBC Markets | April 15, 2026 6:31 pm | US Markets

Though most Fed chairs in the past have left after being replaced, Powell has demurred on what he plans to do.

Starbucks launches beta app in ChatGPT to fuel new drink discovery

by CNBC Markets | April 15, 2026 6:30 pm | US Markets

Starbucks is trying to find ways to entice U.S. customers back to its cafes.

Top Energy Democrat probes Trump administration’s preparations for Strait of Hormuz closure

by CNBC Markets | April 15, 2026 6:26 pm | US Markets

The strait has been effectively closed since the U.S. launched a war with Iran, spiking energy prices and whipsawing markets.

Bank of America tops estimates as CEO Brian Moynihan says consumer banking is ‘healthy’

by CNBC Markets | April 15, 2026 5:41 pm | US Markets

Bank of America, the second-largest U.S. bank by assets, has topped expectations for earnings per share for 23 consecutive quarters.

United CEO had been considering a merger last fall, months before bringing it up to the Trump administration

by CNBC Markets | April 15, 2026 5:41 pm | US Markets

United Airlines CEO Scott Kirby has said the next phase for U.S. carriers is figuring out how to better compete on a global stage.

Mortgage applications rise as rates fall to one-month low

by CNBC Markets | April 15, 2026 5:40 pm | US Markets

Mortgage rates fell to the lowest level in a month, boosting refinance activity and offsetting weak demand from homebuyers.

Kalshi and Polymarket vie for Washington influence as Congress contemplates regulation

by CNBC Markets | April 15, 2026 5:39 pm | US Markets

Prediction markets have boomed, inviting increased scrutiny from regulators and Congress.

Snap’s stock jumps 9% on plans to axe 16% of its workforce citing AI efficiencies

by CNBC Markets | April 15, 2026 5:37 pm | US Markets

Snap was up in premarket trading on Wednesday after announcing plans to lay off up to 16% of its global workforce citing AI-driven efficiencies

Iran war ‘very close to over,’ Trump says — and the stock market ‘is going to boom’

by CNBC Markets | April 15, 2026 4:14 pm | US Markets

The U.S. has beaten Iran “militarily” and that the war is “very close to over,” Trump said, claiming a peace deal likely.

Snap’s stock jumps 7% after announcing plans to lay off up to 16% of its workforce

by CNBC Markets | April 15, 2026 4:11 pm | US Markets

Snap was up in premarket trading on Wednesday after announcing plans to lay off up to 16% of its global workforce in an effort to streamline operations.

U.S. says Hormuz blockade ‘fully implemented,’ while signaling diplomatic off-ramp for Iran

by CNBC Markets | April 15, 2026 11:01 am | US Markets

The White House has been signaling a diplomatic solution to the conflict in the Middle East, as discussions around continuing negotiations with Tehran are underway.

Central banks were buying gold at record levels. Here’s why they’re selling now

by CNBC Markets | April 15, 2026 8:42 am | US Markets

After years of accumulation, some central banks are now selling bullion as war-driven pressures force a scramble for cash.

Meta commits to 1 gigawatt of custom chips with Broadcom as Hock Tan agrees to leave board

by CNBC Markets | April 15, 2026 4:04 am | US Markets

Meta commits to deploying 1 GW of custom in-house MTIA chips codesigned with Broadcom in sweeping new multiyear deal announced Tuesday

Jamie Dimon says Anthropic’s Mythos reveals ‘a lot more vulnerabilities’ for cyberattacks

by CNBC Markets | April 15, 2026 3:06 am | US Markets

The remarks show how a technology welcomed by corporations as a productivity boon can also pose serious threats, like uncovering new ways to hack into systems.

NAACP sues Elon Musk’s xAI over Memphis data center air pollution

by CNBC Markets | April 15, 2026 3:04 am | US Markets

Elopn Musk, who is the world’s richest person, has been counting on the greater Memphis area to serve as the backbone for xAI’s buildout.

Stocks post back-to-back gains as traders remain optimistic for U.S.-Iran deal: Live updates

by CNBC Markets | April 15, 2026 2:06 am | US Markets

Wall Street once again proved resilient in the face of increased geopolitical uncertainty.

New Eric Swalwell accuser Lonna Drewes says ‘he raped me,’ will file police report

by CNBC Markets | April 15, 2026 2:05 am | US Markets

Eric Swalwell already faced a pending criminal investigation by the Manhattan DA’s office over an allegation of sexual assault by another woman.

New Eric Swalwell accuser Lonna Drewes says ‘he raped me,’ plans to file police report

by CNBC Markets | April 15, 2026 12:17 am | US Markets

Eric Swalwell already faced a pending criminal investigation by the Manhattan DA’s office over an allegation of sexual assault by another woman.
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