Sen. Tim Scott on Wednesday said he hopes the federal investigation into Federal Reserve Chair Jerome Powell “goes away” so the Senate can take up the nomination of Kevin Warsh, President Donald Trump‘s pick to replace the head of the U.S. central bank. “That proceeding going away allows for us to get the Fed fully…
There is nothing that Federal Reserve chair nominee Kevin Warsh could say to get Sen. Thom Tillis to end his blockade on Warsh’s confirmation, the North Carolina Republican said Tuesday. Tillis has vowed not to vote for any Fed nominees, including Warsh, until a criminal investigation into Fed Chair Jerome Powell is resolved. Powell, who…
A driver refuels a vehicle at a Wawa gas station in Media, Pennsylvania, US, on Monday, March 2, 2026. Matthew Hatcher | Bloomberg | Getty Images With oil spiking to $100 a barrel and the job market essentially paralyzed, the threat of stagflation again is looming over the U.S. economy and financial markets. High inflation…
Signs display prices for gasoline at stations on March 2, 2026 in Chicago, Illinois. Scott Olson | Getty Images U.S. Treasury yields climbed higher on Monday as oil prices soared past $100 a barrel and increased inflation fears among investors. The benchmark 10-year Treasury yields rose more than 4 basis points to 4.175%, and the…
Chinese Foreign Minister Wang Yi attends a press conference on China’s foreign policy and external relations on the sidelines of the fourth session of the 14th National People’s Congress (NPC) on March 8, 2026 in Beijing, China. Vcg | Visual China Group | Getty Images BEIJING — China’s top diplomat Wang Yi underscored Sunday the…
San Francisco Federal Reserve President Mary Daly said Friday the weak February jobs report adds to a difficult policymaking environment. In a CNBC interview, Daly did not commit to a position on interest rates, but said a softening labor market combined with inflation still running above the central bank’s 2% target complicate future decisions. “This…
US President Donald Trump boards Air Force One before departing Palm Beach International Airport in West Palm Beach, Florida, on March 1, 2026, on his way back to Washington, DC. Mandel Ngan | Afp | Getty Images President Donald Trump has thrown his support behind crypto firms in their high-stakes battle with U.S. banks over…
David Solomon, CEO Goldman Sachs, speaking on CNBC’s Squawk Box at the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2026. Oscar Molina | CNBC Goldman Sachs‘ Chairman and CEO David Solomon said financial markets have had a surprisingly “benign” reaction to the Iran war, as the conflict enters its fifth day. The Goldman…
Warren Buffett and Greg Abel walkthrough the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025. David A. Grogen | CNBC Berkshire Hathaway shares fell Monday after the conglomerate reported a sharp decline in fourth-quarter operating earnings, while new CEO Greg Abel offered few signs of an immediate strategic shift in his…
Wholesale prices rose at a faster-than-expected pace in January, countering hopes that inflation was easing, the Bureau of Labor Statistics reported Friday. The core producer price index, which excludes volatile food and energy prices, increased a seasonally adjusted 0.8%, more than the 0.6% gain in December and well ahead of the Dow Jones consensus estimate…
