Day: August 22, 2025
Cleveland Fed’s Hammack casts doubt on interest rate cuts amid inflation worries
Key Points Cleveland Federal Reserve President Beth Hammack said Friday she would be hesitant about lowering interest rates as long as inflation remains a threat. In a CNBC interview, she said, “I don’t want to move us to a place where we’re being accommodative, because I worry that if we’re accommodative, we could reinvigorate the […]
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Ether surges, trading close to its record again after Powell speech teasing rate cuts
Omar Marques | Lightrocket | Getty Images The price of ether rebounded to near-record levels on Friday after Federal Reserve Chair Jerome Powell hinted at upcoming rate cuts and investors returned to risk-on mode. The second largest cryptocurrency was last higher by 12% at $4,738.91, according to Coin Metrics. Last week, ether nearly touched its […]
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Canada drops many of its retaliatory tariffs on the U.S.
Canada’s Prime Minister Mark Carney speaks at a press conference about recognizing Palestinian statehood, in Ottawa, Ontario, Canada, July 30, 2025. Patrick Doyle | Reuters Canada removed many of its retaliatory tariffs on the U.S. on Friday, marking a significant step forward in the two countries’ relationship. Canada in March imposed counter-tariffs of 25% on […]
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Powell indicates conditions ‘may warrant’ interest rate cuts as Fed proceeds ‘carefully’
Federal Reserve Chair Jerome Powell on Friday gave a tepid indication of possible interest rate cuts ahead as he noted a high level of uncertainty that is making the job difficult for monetary policymakers. In his much-anticipated speech at the Fed’s annual conclave in Jackson Hole, Wyoming, the central bank leader in prepared remarks cited […]
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Kimbal Musk on Elon’s Tesla pay package: ‘My brother deserves to be paid’
FILE PHOTO: Kimbal Musk speaks onstage at Move Over NFTs. Here Come the DAOs during the 2022 SXSW Conference and Festivals at Austin Convention Center on March 14, 2022 in Austin, Texas. Chris Saucedo | Getty Images Kimbal Musk, the younger brother of the world’s wealthiest person, said Elon Musk “deserves to be paid,” as […]
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Trump says he’ll fire Fed Governor Lisa Cook ‘if she doesn’t resign’
Lisa Cook, governor of the US Federal Reserve, speaks at the Peterson Institute For International Economics in Washington, DC, US, on Thursday, Oct. 6, 2022. Ting Shen | Bloomberg | Getty Images President Donald Trump said Friday he will fire Federal Reserve Governor Lisa Cook if she does not resign from her position. “What she […]
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Watch Fed Chair Powell’s full policy speech at Jackson Hole
Federal Reserve Chair Jerome Powell delivered his annual address Friday morning at the central bank’s annual symposium in Jackson Hole, Wyoming. He indicated that conditions ‘may warrant’ interest rate cuts as the Fed proceeds ‘carefully.’ Markets have been looking to Powell to provide strong hints about a September interest rate cut. For their part, the […]
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Wage growth is doing something odd in 2025 — the last time it happened was around the Great Recession
Key Points Job “switchers” typically see their wages grow at a faster rate than workers who stay in their current roles. However, that trend has reversed for the past six months, since February, data shows. Such a reversal rarely occurs outside of periods of weakness in the labor market, economists said. Source
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Investing in Space: The U.S.-China space race is getting tighter
CNBC’s Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Sign up to receive future editions. A Long March-12 rocket carrying a group of internet satellites blasts off from the Hainan commercial spacecraft launch site on Aug. 4, 2025 in Wenchang, Hainan. China News Service | […]
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John Deere faces a crossroads amid decreasing demand, increasing investments
Attendees view a John Deere 7R 270 row crop tractor at the Deere & Co. booth during the World Ag Expo at the International Agri-Center in Tulare, California on February 11, 2025. Patrick T. Fallon | AFP | Getty Images John Deere is facing a crossroads as the company continues to see weaker demand in […]
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