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Inflation held sticky at 3% as U.S. headed into war with Iran, key Fed gauge shows
Core inflation held above the Federal Reserve’s target before the recent surge in energy prices, according to a key gauge released Thursday that offers the central bank a snapshot of conditions leading into the Iran war. The core personal consumption expenditures price index, which excludes food and energy, rose a seasonally adjusted 3% in February, […]
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OpenAI will allocate IPO shares to retail investors as it preps for debut, CFO says
Sarah Friar, CFO of OpenAI, speaking on CNBC’s Squawk Box at the World Economic Forum in Davos, Switzerland on Jan. 21st, 2026. Oscar Molina | CNBC OpenAI plans to reserve a portion of shares for individual investors in what’s expected to be a blockbuster initial public offering. Chief Financial Officer Sarah Friar told CNBC that […]
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Fed officials still foresee rate cut this year, despite war impacts, minutes show
Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on March 18, 2026 in Washington, DC. Anna Moneymaker | Getty Images Federal Reserve officials at their March meeting still expected to lower interest rates this year, even with a high level of uncertainty […]
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South Korea stocks lead gains in Asia as oil prices plunge after U.S.-Iran ceasefire deal
Low angle view of tall buildings in Tokyo, Japan, showcasing diverse architectural styles George Pachantouris | Moment | Getty Images Asia-Pacific markets rallied on Wednesday after U.S. President Donald Trump said he had agreed to suspend planned attacks on Iranian infrastructure for two weeks. The move was “subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, […]
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U.S. payrolls rose by 178,000 in March, more than expected; unemployment at 4.3%
The U.S. labor market bounced back in March, with job creation much stronger than expected though the broader picture of a slow-growth labor market held intact. Nonfarm payrolls rose a seasonally adjusted 178,000 during the month, a reversal from the 133,000 decline in February and better than the Dow Jones consensus estimate for 59,000, the […]
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Private sector hiring totaled 62,000 in March, better than expected, ADP says
Private sector employment growth was a bit better than expected in March, but health care and construction continued to provide nearly all the momentum, payrolls processing company ADP reported Wednesday. Job growth totaled 62,000 for the month, down just 4,000 from February’s upwardly revised level but above the Dow Jones consensus for 39,000. ADP’s report […]
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Stocks making the biggest moves after hours: Nike, Dave & Buster’s, RH and more
Check out the companies making headlines after the bell : Nike — The athletic apparel stock slipped 2% after its North America revenue came in at $5.03 billion, while analysts surveyed by LSEG had expected $5.04 billion. However, Nike posted fiscal third-quarter earnings of 35 cents per share and $11.28 billion in revenue. That exceeded […]
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Why $4 a gallon gas prices won’t trigger Fed interest rate hikes — and could lead to cuts
Gas prices are displayed at a Mobil gas station on March 30, 2026 in Pasadena, California. Mario Tama | Getty Images Gasoline prices over $4 a gallon, part of an ongoing supply shock in the energy markets, might seem like a cue for the Federal Reserve to raise interest rates to head off inflation. At […]
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Powell sees inflation outlook in check, no need to hike rates because of oil shock
Federal Reserve Chair Jerome Powell, in a wide-ranging talk at Harvard University, said Monday that he sees inflation expectations as grounded despite rising energy prices so the central bank doesn’t need to respond with higher interest rates. As his term leading the central bank nears an end, Powell avoided questions about the longer-term direction of […]
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Fed Governor Miran still backs cuts, says interest rates could be ‘about a point’ lower this year
Key Points Federal Reserve Governor Stephen Miran continued his campaign for lower interest rates, telling CNBC that policymakers should disregard the current energy price spike. He told CNBC that he continues to think “we could be about a point easier, gradually done over the course of a year.” Source
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