Breaking News: Economy
Minneapolis Fed’s Kashkari indicates interest rates don’t need to be cut much more
Key Points Minneapolis Fed President Neel Kashkari told CNBC on Monday that he thinks the central bank is close to the point where it should stop lowering interest rates. “My guess is we’re pretty close to neutral right now,” Kashkari said. Calibrating neutral is critical for Fed policymakers as they decide whether to continue the […]
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OPEC+ keeps oil output steady amid turmoil among members
A woman passes by a logo of Organization of the Petroleum Exporting Countries (OPEC) during the United Nations climate change conference COP29, in Baku, Azerbaijan November 13, 2024. Maxim Shemetov | Reuters OPEC+ kept oil output unchanged on Sunday after a quick meeting that avoided discussion of the political crises affecting several of the producer […]
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Will he stay or will he go? Powell is not saying whether he’ll stay on Fed board when chair term ends
Key Points Fed Chair Jerome Powell will have two years left on his term as governor when his chairmanship ends in May. Powell has so far repeatedly refused to say whether he will remain with the Fed in a decision that pits the personal against the professional. It’s a key question being asked on Wall […]
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Behind the mesh curtain: Why airline class wars will intensify in 2026
Planes line up on the tarmac at LaGuardia Airport on November 10, 2025 in New York City. Spencer Platt | Getty Images News | Getty Images From Spirit Airlines’ fight for survival to American Airlines‘ planned glow-up, from new international routes and brand-new airport lounges to stingier frequent flyer policies, class divides in the sky […]
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Singapore economy jumps 5.7% in fourth quarter, beating expectations on strong manufacturing
Singapore tops the list in the 2025 Global Talent Competitiveness Index by INSEAD and Portulans Institute. Calvin Chan Wai Meng | E+ | Getty Images Singapore’s economy expanded 5.7% year on year for the fourth quarter, driven mainly by a sharp increase in manufacturing output during the three months through December. The Ministry of Trade […]
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Fed minutes show officials were in tight split over December rate cut
WASHINGTON – The Federal Reserve on Tuesday released minutes from its highly divisive meeting earlier this month, which concluded with a vote to lower interest rates again that appeared to be an even closer call than the final vote indicated. Officials expressed a variety of opinions during the Dec. 9-10 meeting, according to the summary […]
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Stocks making the biggest moves midday: Molina Healthcare, Intel, AXT, OceanFirst Financial & more
Check out some of the stocks posting the biggest moves in midday trading. Molina Healthcare – Shares advanced about 4%. “Big Short” investor Michael Burry in a Substack post noted that the health insurer could be a takeover candidate. He compared it to Warren Buffett’s investment in Geico. Intel – The chip company rose more […]
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Here’s what to expect for commercial real estate in 2026
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 to your inbox. The 2025 economy […]
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Stocks making the biggest moves midday: Nvidia, Ultragenyx Pharmaceutical, Newmont, DigitalBridge & more
Check out some of the stocks making the biggest moves in midday trading. Ultragenyx Pharmaceutical – Shares cratered more than 40% after Ultragenyx announced that its bone disease drug setrusumab fell short of expectations in two trials. “Neither study achieved its primary endpoint of reduction in annualized clinical fracture rate compared to placebo or bisphosphonates,” […]
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10-year Treasury yield lower as investors mull rates path following strong GDP data
U.S. Treasury yields edged slightly lower on Wednesday as investors positioned for a shortened trading day ahead of the holidays. The 10-year Treasury yield — the benchmark for U.S. government borrowing — was 1 basis point lower at 4.159% by 4:15 a.m. E.T. Yields on the 2-year Treasury note were largely unchanged, at 3.528%. The 30-year bond yield, meanwhile, […]
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