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Fed’s Powell cautions about higher long-term rates as ‘supply shocks’ provide policy challenges

by CNBC Markets | May 15, 2025 7:06 pm | US Markets

Powell said Thursday that longer-term interest rates are likely to be higher as the economy changes and policy is in flux.

Watch Fed Chair Jerome Powell deliver live remarks on policy review

by CNBC Markets | May 15, 2025 7:06 pm | US Markets

Federal Reserve Chair Jerome Powell speaks Thursday morning to the Thomas Laubach Research Conference.

Dick’s Sporting Goods to acquire Foot Locker for $2.4 billion in effort to corner Nike market

by CNBC Markets | May 15, 2025 6:02 pm | US Markets

The combined company will have a competitive edge in the Nike sneaker market and will provide Dick’s access to international markets, plus a younger consumer.

The mystery math behind Bill Gates’ pledge

by CNBC Markets | May 15, 2025 6:02 pm | US Markets

Bill Gates has an enviable problem: He can’t give away his money fast enough.

Walmart CFO says price hikes from tariffs could start later this month, as retailer beats on earnings

by CNBC Markets | May 15, 2025 5:04 pm | US Markets

Walmart beat first-quarter earnings expectations but missed on revenue, and its CFO said price increases from President Donald Trump’s tariffs could start soon.

Trump says he doesn’t want Apple building products in India: ‘I had a little problem with Tim Cook’

by CNBC Markets | May 15, 2025 3:05 pm | US Markets

Apple has been ramping up production in India with the aim of making around 25% of global iPhones in the country in the next few years.

S&P 500 futures slip after index posts third consecutive winning day: Live updates

by CNBC Markets | May 15, 2025 3:05 pm | US Markets

The broad market index ended Wednesday’s trading modestly higher, as traders extended the tariff relief rally for a third day.

Oil prices fall 4% after Trump raises hopes of a U.S.-Iran nuclear deal

by CNBC Markets | May 15, 2025 3:05 pm | US Markets

Speaking in Qatar, U.S. President Donald Trump said the U.S. was getting close to securing a nuclear deal with Iran.

Trump’s critical minerals drive paves the way for a deep-sea gold rush

by CNBC Markets | May 15, 2025 11:05 am | US Markets

“The thing that people have missed is that there is zero chance that this will not happen,” Gerard Barron, CEO of The Metals Company, told CNBC by video call.

The Trump franchise is expanding in the Middle East — and so are ethical concerns

by CNBC Markets | May 15, 2025 6:05 am | US Markets

The Trump-branded projects have drawn scrutiny in Washington from the president’s political opponents and even some allies.

Top Iranian official says Tehran would forego highly enriched uranium in nuclear deal with Trump

by CNBC Markets | May 15, 2025 6:05 am | US Markets

The comments from a member of the supreme leader’s inner circle appear to be the clearest public statements yet on Iran’s willingness to reach an agreement with the U.S.

Kennedy sidesteps vaccine questions: ‘I don’t think people should be taking medical advice from me’

by CNBC Markets | May 15, 2025 5:04 am | US Markets

The health secretary appeared before the House Appropriations Committee this morning. This afternoon he’ll go before the Senate’s Health, Education, Labor and Pensions committee.

Amazon lays off about 100 employees in devices and services unit

by CNBC Markets | May 15, 2025 4:04 am | US Markets

Amazon is cutting jobs in its devices and services unit, which was previously hit with layoffs in 2022 and 2023.

CoreWeave beats on revenue, reports over 400% growth in first earnings after IPO

by CNBC Markets | May 15, 2025 2:05 am | US Markets

CoreWeave’s revenue growth slowed down from the feverish pace in 2024, but is still benefiting from the artificial intelligence boom.

Cisco reports earnings and revenue beat, issues better-than-expected forecast

by CNBC Markets | May 15, 2025 2:05 am | US Markets

Cisco exceeded estimates for the latest quarter and offered guidance that was also ahead of analysts’ predictions.

Elon Musk’s pro-Trump PAC failed to pay swing state petition signers, new suit alleges

by CNBC Markets | May 15, 2025 2:05 am | US Markets

A new lawsuit alleges that Elon Musk’s America PAC didn’t pay swing state voters as promised for signing a pro-Trump petition ahead of the election.

Elon Musk’s xAI chatbot Grok is posting about ‘white genocide’ and South Africa

by CNBC Markets | May 15, 2025 2:05 am | US Markets

Elon Musk’s xAI chatbot Grok is posting about ‘white genocide’ and South Africa

OpenAI will show how models do on hallucination tests and ‘illicit advice’

by CNBC Markets | May 15, 2025 2:05 am | US Markets

OpenAI recently sparked some online controversy for not running certain safety evaluations on the final version of its o1 AI model.

Boeing strikes ‘largest-ever’ 787 jet deal with Qatar Airways, White House says

by CNBC Markets | May 15, 2025 1:04 am | US Markets

Boeing and GE Aerospace secured a $96 billion agreement to sell Qatar Airways up to 210 aircraft, the White House said.

Klarna CEO says AI helped company shrink workforce by 40%

by CNBC Markets | May 15, 2025 1:04 am | US Markets

The Swedish fintech provider has been outspoken about its aggressive adoption of AI tools across the company.
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