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Elon Musk misled Twitter investors ahead of $44 billion acquisition, jury says
Elon Musk arrives at federal court on March 4, 2026 in San Francisco, California. Josh Edelson | Getty Images A jury in California found that Elon Musk misled Twitter shareholders during the runup to his $44 billion acquisition of the social media company, according to a verdict issued on Friday. Total damages could reach up […]
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Fed Governor Waller urges caution for now, says rate cuts possible later in the year
Key Points Federal Reserve Governor Christopher Waller on Friday expressed caution about current conditions but still sees the opportunity for interest rate cuts as the year goes on. In a CNBC interview, the policymaker said “if things go reasonably well and the labor market continues to be weak, I would start advocating again for cutting […]
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Here are the five key takeaways from this week’s Fed meeting
Key Points Federal Reserve policymakers kept their key interest rate at a range of 3.5% to 3.75% at the conclusion of their March meeting. At his press conference, Fed Chair Jerome Powell faced questions about the oil price shock since the Iran war. The Fed’s dot plot suggests a rate cut could be in the […]
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Fed votes to hold rates steady, notes ‘uncertain’ impacts from Iran war
WASHINGTON – The Federal Reserve on Wednesday voted to hold its key interest rate steady as policymakers navigate their way through higher-than-expected inflation readings, mixed signs on the labor market – and a war. In a widely expected decision, the Federal Open Market Committee voted 11-1 to keep the benchmark federal funds rate anchored in […]
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Expectations for the next Fed rate cut get pushed back after hot inflation report
Construction work continues at the Marriner S. Eccles Federal Reserve building in Washington, DC, on Dec. 30, 2025. Brendan Smialowski | AFP | Getty Images A hotter-than-expected wholesale inflation reading for February had traders contemplating the possibility that the Federal Reserve won’t be lowering interest rates at all this year. Following a Bureau of Labor […]
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Wholesale prices rose 0.7% in February, much more than expected and up 3.4% annually
Wholesale prices rose sharply in February, providing another sign that inflation continues to percolate even aside from rising energy prices. The producer price index, a measure of pipeline costs that producers receive for their products, increased a seasonally adjusted 0.7% on the month, the Bureau of Labor Statistics reported Wednesday. Excluding volatile food and energy […]
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The Fed issues its latest interest rate decision Wednesday. Here’s what to expect
Key Points Markets are pricing in a near-zero chance that the Federal Reserve will be cutting interest rates at this meeting — or any other in the near future. Updates to economic and rate projections also aren’t expected to show anything dramatic when the decision is released Wednesday at 2 p.m. ET. On top of […]
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Bessent says Treasury is not intervening in oil commodities markets and has no authority to do so
Treasury Secretary Scott Bessent said Monday that the administration has no plans to intervene in financial markets and may not have the authority to do so even if it wanted. In a CNBC interview, Bessent addressed rumors that the Treasury Department or some other arm of government might step in to try to lower oil […]
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Fourth-quarter GDP revised down to just 0.7% growth; January core inflation was 3.1%
A customer shops in a grocery store on March 11, 2026 in Miami, Florida. Joe Raedle | Getty Images Economic growth was much slower than expected in the final three months of 2025 while core inflation rose to start 2026, the Commerce Department reported Friday. Gross domestic product, a measure of all the goods and […]
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UK economy fails to grow in January ahead of Iran war energy price shock
People visit a lookout point in Greenwich Park, with the Canary Wharf financial district in the distance, during sunny weather but cold weather in London, U.K., on Jan. 2, 2026. Henry Nicholls | Afp | Getty Images The U.K. economy flatlined in January as growth continued to slow even before the U.S.-Iran war brought about […]
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