Federal Reserve Governor Stephen Miran speaks with CNBC during the Invest i America Forum on Oct. 15, 2025. CNBC Federal Reserve Governor Stephen Miran entered with big ideas about how the central bank should change— radically so, in some cases. As he prepares to step down in the coming days from what will have been…
Cuts of beef are displayed at Handy Market on May 14, 2026 in Burbank, California. Justin Sullivan | Getty Images The recent surge in inflation is likely to get worse over the next several months, according to a survey Friday from the nation’s top economists. Consumer price inflation is projected to hit 6% for the…
President Donald Trump on Friday said that he refused to directly answer Chinese President Xi Jinping when asked if the United States would defend Taiwan if China attacked it. “That question was asked to me today,” Trump told reporters on Air Force One as they flew back to the United States from a two-day summit…
HALIFAX, NOVA SCOTIA — Michael MacGillivray sees the arrival of Chinese electric vehicles in Canada as a potential game changer. “I think it is going to a be a huge eye opener,” said MacGillivray, who oversees 10 dealerships in Nova Scotia and New Brunswick, Canada. As the CEO of Century Auto Group and SIGMA Auto Group,…
Traders work on the floor at the New York Stock Exchange, April 23, 2026. Jeenah Moon | Reuters U.S. Treasury yields spiked on Friday following a week of messy inflation data and as traders looked to price interest rate policy under new Federal Reserve Chair Kevin Warsh. The yield on the 30-year bond jumped more…
Cerebras Systems Inc. signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, US, on Thursday, May 14, 2026. Michael Nagle | Bloomberg | Getty Images Cerebras Systems‘ shares sank 10% on Friday after the company completed the largest IPO by a U.S. tech firm in years. The semiconductor firm…
Starbucks’ corporate headquarters seen in Seattle. The company announced its Q2 earnings on 27th Apr 2021. Toby Scott | Lightrocket | Getty Images Starbucks on Friday announced another round of corporate layoffs and said it plans to shutter some regional support offices as part of its ongoing turnaround. The company said it will cut 300…
Sen. Susan Collins, R-Maine, holds a blanket as she walks off the Senate floor after the Senate stayed in session throughout the night at the U.S. Capitol Building in Washington, July 1, 2025. Andrew Harnik | Getty Images News | Getty Images Maine might send Sen. Susan Collins packing after this year’s midterm elections. That…
Shares of Ben & Jerry’s parent company Magnum Ice Cream Company jumped as much as 18% after Reuters reported that Blackstone and CD&R are among firms in the early stages of exploring a bid for the company. It comes just six months after it spun off from Unilever to create the world’s largest standalone ice…
Abu Dhabi is accelerating construction of the new West-East pipeline to Fujairah as it looks to expand its oil export capacity and bypass the Strait of Hormuz chokepoint. The project, expected to come online in 2027, will double the Abu Dhabi National Oil Company’s (ADNOC) export capacity. The second pipeline project comes as global energy…
