Sen. Rand Paul, R-Ky., does a TV interview in the Russell Senate Office Building on Tuesday, June 3, 2025. Bill Clark | Cq-roll Call, Inc. | Getty Images Sen. Rand Paul (R-Ky.) on Wednesday criticized the Trump administration’s decision to take a 10% stake in embattled chipmaker Intel, calling the investment “a step towards socialism.” Intel announced last month…
U.S. Treasurys were little changed on Wednesday, but long-dated bonds hovered just below the 5% mark as trade policy, budget deficits and the wider economy continued to weigh on sentiment. The yield on the 30-year Treasury bond briefly topped the 5% mark overnight before retreating. It was last down slightly to 4.964%. The long-bond yield…
Scott Olson | Getty Images Macy’s posted second-quarter earnings Wednesday that easily topped Wall Street’s expectations, as it said revamped stores helped sales trends. The department store operator also raised its full-year earnings and sales guidance. It now expects adjusted earnings of between $1.70 and $2.05 per share, compared with $1.60 to $2 per share,…
U.S. President Donald Trump at an event to announce that Space Force Command will move from Colorado to Alabama, in the Oval Office at the White House in Washington, D.C., U.S., on Sept. 2, 2025. Brian Snyder | Reuters Labor Day in the U.S., which took place Monday, marks the unofficial end of summer —…
Daniel Sorabji | AFP | Getty Images LONDON — European stocks are expected to open broadly higher on Wednesday, reversing negative sentiment in the previous session that was driven by regional fiscal concerns. The U.K.’s FTSE index is seen opening marginally higher, Germany’s DAX 0.3% higher, France’s CAC 40 up 0.4% and Italy’s FTSE MIB up…
Elizabeth Quay in Perth City Merr Watson/women Who Drone | Photodisc | Getty Images Asia-Pacific markets fell Wednesday, tracking losses on Wall Street as investors assessed rising global bond yields and the latest developments on the trade front. Australia’s S&P/ASX 200 declined by 0.5%, ahead of the release of its GDP reading for the second quarter ended…
Lisa Cook, governor of the Federal Reserve, speaks during a Fed Listens event in Washington, D.C., on March 22, 2024. Al Drago | Bloomberg | Getty Images Federal Reserve Board Governor Lisa Cook “did not ever commit mortgage fraud,” her lawyer Abbe Lowell said Tuesday in a new court filing bolstering arguments why a judge…
US President Donald Trump speaks in the Oval Office of the White House in Washington, DC, on September 2, 2025. Trump announced that US Space Command will move its headquarters from Colorado to Alabama. f Saul Loeb | Afp | Getty Images Read more CNBC politics coverage “We’re going to be going to the Supreme…
Treasury yields jumped on Tuesday to begin September trading as a court decision knocking down most of the Trump administration’s tariffs raised the prospect of the government having to repay the money already brought in, stretching an already-stressed U.S. fiscal situation. The benchmark 10-year Treasury yield rose 5 basis points to 4.275%. The 30-year bond yield climbed…
The National Guard, police and protesters stand off outside of a downtown jail in Los Angeles following two days of clashes with police during a series of immigration raids on June 08, 2025 in Los Angeles, California. Spencer Platt | Getty Images A federal judge on Tuesday barred President Donald Trump from deploying National Guard…
