Kansas City Fed’s Schmid shows hesitation about widely expected September rate cut

Key Points

Kansas City Federal Reserve President Jeffrey Schmid in a CNBC interview Thursday expressed doubt about lowering interest rates in September, saying there’s more work to do on inflation.
Schmid is a voter this year on the rate-setting FOMC.

Source

Finance

Stocks making the biggest moves midday: Coty, Paramount Skydance, Walmart and more

August 21, 2025

Check out the companies making headlines in midday trading: Coty — Shares of the beauty retailer plummeted more than 20% following its latest quarterly results. While its revenue of $1.25 billion beat the $1.20 billion that analysts surveyed by LSEG were expecting, it posted a loss per share of 5 cents, more than the 2 […]

Finance

Trump immigration policy may be shrinking labor force, economists say

August 21, 2025

Key Points Evidence suggests Trump administration immigration policies are shrinking the size of the immigrant labor force, and the broader U.S. labor pool in recent months, according to economists CNBC spoke with and research notes on the topic. If sustained, which isn’t assured, it could pose challenges for the U.S. economy, those experts said. The […]

Finance

Stocks making the biggest moves premarket: Walmart, Hewlett Packard Enterprise, Instacart, Broadstone Net Lease and more

August 21, 2025

Check out the companies making headlines in premarket trading. Walmart — The big-box retailer slipped more than 2% . Walmart fiscal second-quarter revenue beat analyst estimates . Adjusted earnings of 68 cents per share may not have compared with the LSEG consensus estimate of 74 cents. The country’s largest retailer raised its full-year earnings and […]