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Delayed September report shows U.S. economy added 119,000 jobs, more than expected; unemployment rate at 4.4%
A ‘Now Hiring’ sign sits outside the entrance to a Burlington department store on Nov. 19, 2025 in Miami, Florida. Joe Raedle | Getty Images The U.S. economy added substantially more jobs than expected in September, according to a long-awaited report Thursday from the Bureau of Labor Statistics. Nonfarm payrolls increased by 119,000 in the […]
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Senators seek probe of Trump crypto venture over alleged token sales linked to North Korea and Russia
People walk past an advertisement feature Donald Trump with Solana, XRP, USDC Bitcoin in Hong Kong. May James | Sopa Images | Lightrocket | Getty Images Two U.S. Senators are pressing the Department of Justice and the Treasury to investigate a crypto company closely tied to the family of U.S. President Donald Trump over alleged […]
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Fed Governor Waller backs December rate cut as support for weakening labor market
Christopher Waller, governor of the US Federal Reserve, speaks during the C. Peter McColough Series on International Economics at the Council on Foreign Relations in New York, US, on Thursday, Oct. 16, 2025. Michael Nagle | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller on Monday voiced support for another interest rate cut at […]
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Markets no longer view the December rate cut as a sure bet, with Fed officials casting doubts
Key Points Federal Reserve Chair Jerome Powell wasn’t kidding a couple weeks ago when he said a December rate cut wasn’t in the bag. Whereas traders as recently as a few days ago were pricing in at least a 2-to-1 probability of a quarter percentage point cut, that’s now flipped to a coin toss. As […]
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Boston Fed President Collins advocates holding rates steady, sees ‘high bar’ for further cuts
Key Points Boston Fed President Susan Collins said she will be reluctant to support further rate cuts anytime soon with inflation still high and policymakers hampered by a lack of data. “I see several reasons to have a relatively high bar for additional easing in the near term,” said Collins, a voter this year on […]
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House to vote on bill to end shutdown around 7 p.m. ET Wednesday, Rep. Scalise says
The U.S. House of Representatives will vote early Wednesday evening to end the longest government shutdown in history, Rep. Steve Scalise (R-La.) said. “We’ll start the process probably around four, five o’clock. The actual vote on the bill to fund the government will probably come later, around seven o’clock,” the House majority leader told CNBC. […]
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Luckin Coffee eyes U.S. relisting as five-year turnaround from fraud scandal takes hold
Key Points Luckin Coffee CEO Jinyi Guo said the company is preparing to relist in the U.S. The Xiamen-headquartered coffee chain was booted from the Nasdaq in 2020 after admitting to fabricating $310 million in 2019 revenue. Backed by top investor Centurium Capital, Luckin has rebounded to become China’s biggest coffee retailer, overtaking Starbucks, and […]
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SoftBank shares plunge as much as 10% after selling Nvidia stake
Pedestrians wearing protective masks walk past signage for SoftBank Corp. near a store in Tokyo, Japan, on May 15, 2020. Kiyoshi Ota | Bloomberg | Getty Images Shares of SoftBank Group plunged as much as 10% Wednesday after the Japanese giant said it had sold its entire stake in U.S. chip giant Nvidia for $5.83 […]
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Miran says half-point cut ‘appropriate’ for December, but Fed should at least reduce by a quarter point
Federal Reserve Governor Stephen Miran speaks with CNBC during the Invest i America Forum on Oct. 15, 2025. CNBC Federal Reserve Governor Stephan Miran on Monday advocated for further interest rate cuts as a way stave off a potential economic softening ahead. In a CNBC interview, the central bank official held to his belief that […]
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Senate on track to pass funding deal that could end government shutdown
The U.S. Capitol is shown up North Capitol Street on Nov. 6, 2025 in Washington, DC. Eric Lee | Getty Images The Senate was on track Sunday night to pass a deal that could end the federal government shutdown, which began on Oct. 1. A person familiar with the deal told CNBC that enough Democratic […]
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