Kevin Warsh, U.S. President Donald Trump’s nominee for Chair of the Federal Reserve, testifies during his Senate Committee on Banking, Housing, and Urban Affairs confirmation hearing in the Dirksen Senate Office Building on April 21, 2026 in Washington, DC. Andrew Harnik | Getty Images Treasury yields rose Wednesday after the Kevin Warsh-led Federal Reserve signaled…
Chiefs of the world’s leading AI companies are descending on the G7 conference in France Wednesday, in a sign of their growing geopolitical influence as artificial intelligence rises to the top of the global agenda. CEOs including OpenAI’s Sam Altman, Anthropic’s Dario Amodei, Google DeepMind’s Demis Hassabis, alongside around a dozen other tech leaders, will…
In this screen grab from a video released by U.S. Central Command, U.S. forces operating in the Arabian Sea enforced naval blockade measures against an Iranian-flagged cargo vessel attempting to sail toward an Iranian port on April 19, 2026 in the Arabian Sea. U.S. Central Command | Getty Images At least three Iranian tankers carrying…
Dny59 | E+ | Getty Images Social Security‘s trust funds may have a bit more runway than expected, according to new long-range projections by the Penn Wharton Budget Model, shared exclusively with CNBC. The trust fund Social Security relies on to help pay retirement benefits — Old-Age and Survivors Insurance, or OASI — may be…
Federal Reserve Chairman Kevin Warsh departs from the East Room of the White House after a swearing-in ceremony, May 22, 2026. Aaron Schwartz | AFP | Getty Images U.S. Treasury yields fell on Monday as the announcement of a preliminary peace agreement between Washington and Tehran shifted investor expectations for inflation and the outlook for…
A customer shops for produce in an H-E-B grocery store in Austin, Texas, May 11, 2026. Brandon Bell | Getty Images Consumer prices rose in May, pushing the annual inflation rate to its highest level in three years, according to new government data. That points to a 4.7% Social Security cost-of-living adjustment for 2027, according…
Cars line up outside a food pantry in North Carolina, April 3, 2026. Lindsey Nicholson | UCG | Universal Images Group | Getty Images Consumers are facing price pressures as the costs of groceries and gas rise. The pace of inflation is expected to increase in the coming months, according to the Survey of Professional…
Nvidia has committed at least $6.5 billion into companies developing photonics technology in the past three months, as the company races to invest in solving one of the major bottlenecks to the rollout of AI. Photonics, the use of light to transmit data, is an emerging technology considered to be a more efficient alternative to…
Abraham Gonzalez Fernandez | Moment | Getty Images Americans are saving less as the everyday cost of living rises and wages struggle to keep up. The personal savings rate — defined as the share of income Americans have after taxes and expenses — hit 2.6% in April, according to data from the Bureau of Economic…
Treasury yields fell on Tuesday as bond markets returned from a Memorial Day break to bolstered hopes of a Middle East peace deal, even as the U.S. military conducted fresh strikes on Iran. The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — fell more than 6 basis…
