Wall Street got back to its winning ways last week after navigating a hawkish Federal Reserve meeting, volatile swings in chip stocks, and a critical round of Big Tech earnings. The Dow Jones Industrial Average rose 1% for the week, snapping a three-week losing streak. The S & P 500 gained 1% last week, while…
People shop for groceries at a store in Brooklyn on July 13, 2026 in New York City. Spencer Platt | Getty Images Pricing data from June indicated that outside of some select items where costs continue to grow, inflation is trending back towards the Federal Reserve’s inflation goal. So-called trimmed mean measures, which exclude outliers…
A trader works, as a screen broadcasts a press conference by U.S. Federal Reserve Chair Kevin Warsh following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 29, 2026. Brendan McDermid | Reuters The overwhelming response to Federal Reserve Chairman Kevin Warsh’s comments on…
The personal consumption expenditures price index was expected to rise 3.7% from a year ago on headline and 3.3% on core, according to the Dow Jones consensus. Also, gross domestic product was projected to increase at a 1.8% annualized rate. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on…
Federal Reserve Chairman Kevin Warsh concludes a news conference after a meeting of the Federal Open Market Committee, June 17, 2026. Tom Williams | CQ-Roll Call, Inc. | Getty Images The Federal Reserve is expected to hold interest rates unchanged at its upcoming July meeting — as higher energy prices and renewed tensions with Iran have complicated the picture for…
President Donald Trump‘s approval ratings remain low, inflation has been elevated, and the Iran war is dragging on, sending gas prices back up over $4 per gallon with no immediate relief in sight. Some of this may be bad news for the country, but for Democrats, eager to win back majorities in the House and…
It was a tough week for stocks, as investors navigated everything from escalating tensions in the Middle East to key tech earnings reports to healthcare developments. Logging their second straight weekly losses, the S & P 500 slipped 0.6%, while the tech-heavy Nasdaq fell 2.1%. Here’s a closer look at what drove the trading action….
Asia-pacific Images Studio | E+ | Getty Images The Federal Reserve sets national interest rate policy. But the U.S. central bank isn’t the only major player in this arena: Bond investors also have a big influence on consumers’ borrowing costs. Many types of consumer loans — such as mortgages and auto loans — often peg…
Precious metals have rallied in recent days after a sustained period of selling pressure, but analysts say gold and silver prices could face a difficult path back to all-time highs achieved earlier this year. Spot silver traded at $59.47 an ounce in early trading on Wednesday (6:33 a.m. ET), up by around 6.3% from $55.9/oz…
Oil well pumpjacks at work in the oil fields of North Dakota. John Coletti | Photodisc | Getty Images Oil prices were 4% higher on Wednesday morning following the 11th consecutive round of U.S. strikes against Iran overnight, as Secretary of State Marco Rubio said the Strait of Hormuz remains a sticking point between the…
