Breaking News: Economy
Trump to meet top Democrats as their health care demands fuel government shutdown risk
U.S. Senate Minority Leader Charles Schumer (D-NY) and House Minority Leader Hakeem Jeffries (D-NY) speaks with the press on Capitol Hill on Thursday Sept. 11, 2025. Demetrius Freeman | The Washington Post | Getty Images President Donald Trump will meet with the two top Democrats in Congress sometime this week as the federal government heads […]
Read More
Fed Governor Stephen Miran pushes case for central bank to slash key interest rate
Key Points Less than a week after taking his seat, Fed Governor Stephen Miran outlined the reasons why he thinks the central bank’s benchmark interest rate is far too high and should be lowered aggressively. Miran thinks the federal funds rate, a level that banks charge each other for overnight lending but that influences a […]
Read More
Watch new Fed Governor Stephen Miran speak live on the economy and interest rates
[The stream is slated to start at Noon ET. CNBC Television will start the stream when the event begins. Please refresh the page if you do not see a player above.] New Federal Reserve Governor Stephen Miran speaks Monday to the Economic Club of New York to explain his views on the economy and monetary […]
Read More
St. Louis Fed President Musalem sees ‘limited room’ for more interest rate cuts
Key Points St. Louis Fed President Alberto Musalem on Monday reiterated his support for last week’s interest rate cut but said he is wary about going much further. “I believe there is limited room for easing further without policy becoming overly accommodative, and we should tread cautiously” on further reductions, he said. Source
Read More
Schumer presses Trump to negotiate with Democrats as government shutdown deadline nears
Senate Democratic Leader Chuck Schumer on Sunday urged President Donald Trump to meet with Democrats to strike a deal to avoid a government shutdown as the funding deadline looms. “I hope and pray that Trump will sit down with us and negotiate a bipartisan bill,” Schumer said on CNN’s “State of the Union,” days before […]
Read More
Trump says Murdochs are potential TikTok deal partners
U.S. President Donald Trump speaks in the Oval Office at the White House in Washington, D.C., U.S., Sept. 19, 2025. Ken Cedeno | Reuters President Donald Trump said in an interview that aired Sunday that conservative media baron Rupert Murdoch and his son Lachlan are likely to be involved in the proposal to save TikTok in […]
Read More
Big Tech companies, foreign governments scramble after Trump slaps $100,000 annual fee on H-1B visas
U.S. President Donald Trump speaks as he sits next to a “Trump Gold Card” sign, in the Oval Office at the White House in Washington, D.C., U.S., Sept. 19, 2025. Ken Cedeno | Reuters Major technology companies and foreign governments are rushing to respond after President Donald Trump late Friday announced plans to impose a […]
Read More
Jimmy Kimmel’s fate at ABC still up in air as talks with Disney reportedly continue
Randy Holmes | Contributor | Getty Images Jimmy Kimmel’s fate at ABC is still up in the air as talks with Disney reportedly continue. The late-night host is in ongoing discussions with Disney and ABC executives about the conditions under which his long-running show “Jimmy Kimmel Live!” could return to air, according to Variety, which […]
Read More
Microsoft raises Xbox prices in U.S. due to economic environment
A gamer plays soccer title Pro Evolution Soccer 2019 on an Xbox console. Sezgin Pancar | Anadolu Agency via Getty Images Microsoft said on Friday that it will increase the recommended retail price of several Xbox consoles in the U.S. starting in October because of “changes in the macroeconomic environment.” The company said it would […]
Read More
Miran says he doesn’t see tariffs causing inflation, putting him in minority on Fed committee
Key Points Federal Reserve Governor Stephen Miran told CNBC Friday that he doesn’t anticipate President Donald Trump’s tariffs will cause inflation. The governor also said that he believes Trump’s border policies will give rise to disinflation. Earlier this week, Miran dissented against the central bank cutting its key interest rate by a quarter percentage point. […]
Read More