Year: 2026
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in December. Text removed from the December statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both statements. […]
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Fed holds key interest rate steady as economic view improves
The Federal Reserve on Wednesday voted to take a break from a recent run of interest rate cuts, as the central bank navigates questions about its independence and awaits a new leader. Meeting market expectations, the central bank’s Federal Open Market Committee voted to keep its key interest rate in a range between 3.5%-3.75%. The […]
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The key things Wall Street is looking for in the Mag 7 reports after the bell
Wednesday evening will bring highly awaited results from three “Magnificent Seven” giants. The bar is higher for technology stocks given elevated valuations associated with the artificial intelligence trade. Analysts are eagerly watching for any signs of growth in AI endeavors — whether it’s through physical products such as robots and smart glasses or AI-assisted software […]
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U.S. dollar rebounds after Bessent shuts down report of potential yen intervention
Treasury Secretary Scott Bessent on Wednesday shut down reports that the U.S. could step into the currency market with the Japanese yen on intervention watch and the American dollar hitting multiyear lows. “Absolutely not,” Bessent told CNBC’s Sara Eisen, responding to a question about if the U.S. is intervening in the currency market or strengthening […]
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Trump is not worried by a weak dollar. Why the president and investors should be
Key Points The president has a long history of indifference to a falling greenback as it makes American goods cheaper to sell abroad, which could especially benefit U.S. multinationals. However, it also signifies diminished confidence in the U.S. as foreign investors grow wary over the country’s fiscal outlook. A weaker U.S. dollar isn’t concerning to […]
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Google brings more Gemini AI features to Chrome browser
Jaque Silva | Nurphoto | Getty Images Google on Wednesday announced that it is bringing more of its Gemini AI features to its Chrome browser, the latest in the company’s efforts to put its new-age tech front and center for users. The Gemini-powered features include the image generation tool Nano Banana, Google’s “Personal Intelligence” feature […]
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Stocks making the biggest moves midday: Intel, AT&T, Stride, Elevance Health, Textron & more
Check out some of the companies making the biggest moves midday: Intel – The chipmaker climbed more than 11%, boosted by a report from DigiTimes saying Nvidia will shift chip production from Taiwan Semiconductor Manufacturing to Intel in 2028. Taiwan Semi added 1%. ASML — U.S.-listed shares of the semiconductor equipment maker fell more than […]
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Fed has not yet complied with subpoenas as Powell probe continues: Source
Jerome Powell, chairman of the US Federal Reserve, during the Hoover Institution’s George P. Shultz Memorial Lecture Series in Stanford, California, US, on Monday, Dec. 1, 2025. Jason Henry | Bloomberg | Getty Images The Federal Reserve has not yet complied with grand jury subpoenas issued as part of a criminal investigation of Fed Chair […]
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Meta set to report earnings: Update on revamped AI strategy is key to fourth quarter
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., wears a pair of Meta Oakley Vanguard AI glasses during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025. David Paul Morris | Bloomberg | Getty Images Meta on Wednesday will report fourth-quarter earnings, and investors will be looking for any […]
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Weak dollar winners: These stocks could get a boost if Trump keeps talking the greenback lower
President Donald Trump helped push the U.S. dollar lower on Tuesday after saying he didn’t mind a weaker greenback — a shift that could benefit certain stocks with big foreign sales. U.S. companies with large overseas businesses often get a boost when the dollar weakens. Not only are their businesses more hedged against a waning […]
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