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Trump threatens to fire Powell if the Fed chair doesn’t leave office on his own
U.S. President Donald Trump speaks to the media, before boarding Air Force One on his way to Virginia, at Joint Base Andrews in Maryland, U.S., April 10, 2026. Evelyn Hockstein | Reuters President Donald Trump on Wednesday again threatened to fire Federal Reserve Chair Jerome Powell and said the probe into the renovation of the […]
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Luxury stocks fall as Iran war weighs on earnings; Hermes sinks 14%
A woman walks in front of the Gucci store on Fifth Avenue in Trump Tower on February 24, 2021 in New York City. John Smith | Corbis News | Getty Images Luxury stocks tanked early Wednesday after Gucci-owner Kering and Hermes reported first-quarter earnings that disappointed investors amid a conflict in the Middle East that […]
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Novo Nordisk partners with OpenAI as AI drug discovery hopes mount
People walk past a sign for Novo Nordisk’s annual general meeting at the entrance to the venue in Copenhagen, Denmark, March 26, 2026. Tom Little | Reuters Novo Nordisk is partnering with OpenAI to “bring new and better treatment options to patients faster,” the Danish drugmaker said Tuesday. The partnership will enable Novo to better […]
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LVMH sales miss expectations as luxury recovery is put on pause amid Middle East war
A Louis Vuitton bag is displayed at the LVMH Moet Hennessy Louis Vuitton stand during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 12, 2025. Benoit Tessier | Reuters Luxury conglomerate and industry bellwether LVMH reported quarterly sales that missed expectations on Monday as […]
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Consumer prices rose 3.3% in March, as energy prices spiked due to Iran conflict
A man shops for butter at a supermarket in Houston, Texas, on March 17, 2026. Ronaldo Schemidt | AFP | Getty Images Consumer prices spiked in March as the Iran war sent energy costs soaring and took the Federal Reserve further from its inflation target, according to a Bureau of Labor Statistics reported Friday. Underlying […]
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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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