Year: 2026
Fed officials split on where interest rates should go, minutes say
Divided Federal Reserve officials at their January meeting indicated that further interest rate cuts should be paused for now but could resume later in the year only if inflation cooperates. While the decision to hold the central bank’s benchmark rate steady mostly was met with approval, the path ahead appeared less certain, with members conflicted […]
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Anthropic is clashing with the Pentagon over AI use. Here’s what each side wants
Anthropic is at odds with the Department of Defense over how its artificial intelligence models should be used, and its work with the agency is “under review,” a Pentagon spokesperson told CNBC. The five-year-old startup was awarded a $200 million contract with the DoD last year. As of February, Anthropic is the only AI company […]
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Stocks making the biggest moves midday: Wingstop, Moody’s, Madison Square Garden Sports & more
Check out the companies making headlines in midday trading. Wingstop — Shares of the chicken wing chain jumped about 13% on an upbeat outlook . Wingstop said it sees flat to low-single digit domestic same-store sales growth for fiscal 2026. In the fourth quarter, the company’s same-store sales declined 5.8% on a year-over-year basis, coming […]
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Trump Jr. calls banking a ‘Ponzi scheme’ that forced family to create crypto business
Donald Trump Jr. on Wednesday called traditional banking a “Ponzi scheme” that effectively forced the Trump family to start its crypto venture World Liberty Financial after banks closed the family company’s accounts in early 2021. “You know, we didn’t get into crypto because we were on the leading edge,” Trump Jr. told CNBC’s Sara Eisen […]
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Cramer is looking to nibble on a software stock and bail on a health-care name
Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. Stocks moved higher on Wednesday, driven by Big Tech. Shares of Nvidia climbed 2% after the company announced a multiyear partnership with Meta under which the Facebook parent will […]
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Microsoft’s Brad Smith says U.S. tech should ‘worry a little’ about Chinese firms’ government subsidies
Microsoft President Brad Smith speaks at a press conference at the Representation of the State of North Rhine-Westphalia about future visions for the development and application of artificial intelligence in education in NRW in Berlin on June 4, 2025. Soeren Stache | Picture Alliance | Getty Images American tech companies should “worry a little bit” […]
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FDA agrees to review Moderna’s mRNA flu vaccine application in a reversal
A researcher works in the lab at the Moderna headquarters in Cambridge, Massachusetts, March 26, 2024. Adam Glanzman | Bloomberg | Getty Images Moderna said on Wednesday the Food and Drug Administration has agreed to review its experimental mRNA flu shot, reversing the agency’s earlier decision to refuse to accept the application in a move […]
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Billionaire Les Wexner’s congressional deposition over Jeffrey Epstein ties is underway
This Sept. 19, 2014 file photo shows retail mogul Leslie Wexner, at the Wexner Center for the Arts in Columbus, Ohio. Wexner is severing his last ties with the retail empire that he founded in 1963. Jay LaPrete | AP A congressional deposition of Leslie Wexner, one of Jeffrey Epstein’s closest known associates and top […]
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Meta CEO Mark Zuckerberg set to testify in LA social media safety trial
Arda Kucukkaya | Anadolu | Getty Images Meta CEO Mark Zuckerberg is scheduled to testify on Wednesday in Los Angeles Superior Court as part of a landmark trial about social media and safety that’s being likened to the industry’s “Big Tobacco” moment. The trial, which began in late January, centers on a young woman who […]
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In wartime Ukraine, the government is deploying a super app for the citizenry’s future
Digital transformation and reskilling are challenges during the best of times, but Ukraine’s wartime achievements with technology deployment for its citizenry are a unique success story. Despite the full-scale Russian invasion, which happened nearly four years ago and continues to this day, the Ukrainian government has continued working towards President Volodymyr Zelenskyy’s goal of building […]
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