business news
Trump attacks Powell again amid Fed independence fears: ‘Incompetent’ or ‘crooked’
U.S. President Donald Trump looks at Federal Reserve Chair Jerome Powell holding a document during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C., U.S., July 24, 2025. Kent Nishimura | Reuters President Donald Trump on Tuesday slammed Federal Reserve Chair Jerome Powell as either “incompetent” or “crooked,” […]
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BNY raises profit target as CEO Robin Vince says ‘turnaround’ is taking hold
Robin Vince President & CEO BNY Mellon, speaking on CNBC’s Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBC BNY, which calls itself the world’s largest custody bank, is raising a pair of key performance targets as CEO Robin Vince says a turnaround that began when he […]
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Boeing outsold Airbus last year for first time since 2018, deliveries rise to 600
A Boeing Co. 737 Max airplane at the company’s manufacturing facility in Renton, Washington, US, on Thursday, Nov. 20, 2025. David Ryder | Bloomberg | Getty Images Boeing logged net orders for 1,173 airplanes last year, marking the first time it outsold its European rival Airbus since 2018, the latest sign of Boeing’s recovery. Boeing […]
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Greenland’s PM has a blunt message for Trump: We choose Denmark over the U.S.
Greenland’s Head of Government (Naalakkersuisut) Jens-Frederik Nielsen (L) and Denmark’s Prime Minister Mette Frederiksen give a statement on the current situation at a press conference in the Mirror Hall at the Prime Minister’s Office in Copenhagen, Denmark, on January 13, 2026. Liselotte Sabroe | Afp | Getty Images Greenland Prime Minister Jens-Frederik Nielsen said on […]
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Data center REIT CEO says real estate ‘not in an oversupply state’
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. As hyperscalers like […]
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December core consumer prices rose at a 2.6% annual rate, less than expected
Core U.S. consumer prices rose less than predicted in December, reinforcing hopes that inflation is tempering as the Federal Reserve contemplates its next move on interest rates. Excluding volatile food and energy prices, the consumer price index showed a seasonally adjusted 0.2% gain on a monthly basis and 2.6% annually, the Bureau of Labor Statistics […]
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Microsoft says communities won’t see energy price hikes near data centers as utility costs rise
Microsoft on Tuesday promised that consumers won’t pay more when the software maker sets up data centers nearby. The company also committed to replenish more water than it uses, and to add to local tax bases in places where it has data centers. “Our pledge to each of these communities is that we will pay […]
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JPMorgan Chase says banks could fight Trump credit card rate cap: ‘Everything’s on the table’
JPMorgan Chase CFO Jeremy Barnum hinted Tuesday the industry could fight President Donald Trump’s demand for credit card price controls, saying “everything’s on the table.” “If you wind up with weakly supported directives to radically change our business that aren’t justified, you have to assume that everything’s on the table,” Barnum said in a call […]
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Alibaba-backed PixVerse launches real-time AI video tool, as Chinese rivals race past OpenAI on speed and cost
Key Points PixVerse co-founder Jaden Xie spoke with CNBC in an exclusive interview about financing and AI slop. The company released a new AI model for generating video in real time. Xie predicts the interactive tech can transform how people watch shows and play video games. Source
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