Breaking News: Economy
Spirit Airlines is on shakier ground after avoiding hard decisions in bankruptcy
Spirit Airlines baggage tags are seen near a check-in counter at the Austin-Bergstrom International Airport on April 10, 2024 in Austin, Texas. Brandon Bell | Getty Images In March, Spirit Airlines came out of bankruptcy protection in less than four months and entered a worsening landscape. Consumers were holding off booking flights and U.S. planes […]
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Fix-and-flip real estate investors are pulling back
Marioguti | E+ | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight […]
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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
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Red carpet for Putin, trade relief for China, penalties on India: Inside Trump’s peculiar policy playbook
U.S. President Donald Trump and Russian President Vladimir Putin arrive for a press conference at Joint Base Elmendorf-Richardson on Aug. 15, 2025 in Anchorage, Alaska. Andrew Harnik | Getty Images President Donald Trump is pursuing an unusual strategy — courting Russian President Vladimir Putin, holding fire on Beijing, all the while turning the screws on […]
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Divided Fed worried about tariffs, inflation and the labor market, minutes show
Key Points The meeting summary depicted a divergence of opinion among the central bankers, whose vote to hold their key rate steady came despite objections from two Fed governors who argued in favor of cutting. “Participants generally pointed to risks to both sides of the Committee’s dual mandate, emphasizing upside risk to inflation and downside […]
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Stocks making the biggest moves midday: Target, Intel, Medtronic, Palantir, La-Z-Boy and more
Here are some of the stocks posting the biggest moves in midday trading Wednesday. Palantir Technologies — The defense technology company headed for a sixth consecutive losing day, dropping more than 2% on Wednesday. If Palantir closes in negative territory, that will mark its first six-day losing run since April 2024. Shares have more than […]
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Hassett likely to be Trump’s pick for Fed chief, though Warsh is more qualified, CNBC survey finds
White House economic adviser Kevin Hassett speaks next to U.S. President Donald Trump in the Oval Office of the White House in Washington, D.C., U.S., March 7, 2025. Leah Millis | Reuters President Donald Trump will tap his top economic advisor Kevin Hassett to be the next Federal Reserve chair, according to respondents to a […]
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How hurricane resilience for commercial real estate is leveraging drones and AI
A screenshot of Site Technologies’ commercial real estate risk assessment tools. Courtesy of Site Technologies A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors […]
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Trump expands 50% steel and aluminum tariffs to include 407 additional product types
U.S. President Donald Trump walks with North American Flat-Rolled Segment Senior Vice President and Chief Manufacturing Officer Scott Buckiso, Plant manager of Irvin and Fairless Plant Donald German and Mon Valley Works United Steel Corporation Vice President Kurt Barshick, as he visits U.S. Steel Corporation–Irvin Works in West Mifflin, Pennsylvania, U.S., May 30, 2025. Leah […]
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Stocks making the biggest moves midday: Home Depot, Intel, Viking Therapeutics, Nvidia and more
These are some of the stocks making the biggest moves during midday trading: Viking Therapeutics — Shares tumbled 42% after phase 2 trial results showed Viking’s experimental oral obesity drug had more side effects than expected. About 20% of the patients in the trial quit using the drug due to symptoms such as nausea and […]
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