Economy
SF Mayor Lurie says city ‘on the rise’ after Trump reverses course on troop deployment
San Francisco Mayor Daniel Lurie speaks during a press conference at San Francisco City Hall on Oct. 23, 2025 in San Francisco, California. Justin Sullivan | Getty Images San Francisco Mayor Daniel Lurie, who was recently thrust into a national debate about the safety of big cities, told CNBC on Thursday that he feels “pressure […]
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Powell forced to stave off uprisings in markets and on his own Fed board as his term ends
Key Points Fed Chair Jerome Powell will have to steer his way through a suddenly very contentious atmosphere among policymakers that will make whichever direction the Fed chooses divisive. While Wall Street economists were split over whether the FOMC will in fact approve another reduction at the Dec. 9-10 meeting, they were in agreement that […]
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Mortgage rates jump 20 basis points following Fed cut
An aerial view of homes in a neighborhood on Aug.27, 2025 in San Francisco, California. Justin Sullivan | Getty Images While the Federal Reserve cut its benchmark interest rate this week, mortgage rates responded by doing just the opposite. The average rate on the 30-year fixed mortgage has jumped 20 basis points since Chairman Jerome […]
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Stocks making the biggest moves midday: Cigna, FormFactor, Meta Platforms, Microsoft, Carvana & more
Check out the companies making the biggest moves midday: Cigna — Shares of the health insurance company after management said during an earnings call that it expects its pharmacy benefit services division to face margin pressure in the next few years. Cardinal Health — The drug and medical equipment distributor surged more than 12% on […]
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European Central Bank holds rates steady as economy shows resilience
The European Central Bank has kept interest rates on hold, as expected, at its latest meeting on Thursday. The central bank held its key deposit facility rate at 2% for the third consecutive time, having last cut rates in June. The trim, which coincided with euro zone inflation hitting the ECB’s target rate of 2%, was […]
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Shutdown cost government contractors $12 billion so far, Chamber of Commerce report says
The U.S. Capitol building, weeks into the continuing U.S. government shutdown, in Washington on Oct. 27, 2025. Kylie Cooper | Reuters Businesses that contract with the federal government lost $12 billion in the first four weeks of the government shutdown, according to a report from the U.S. Chamber of Commerce released Thursday. The report, which […]
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Russia on guard after Trump’s call to resume nuclear weapons testing
U.S. President Donald Trump speaks with Russian President Vladimir Putin, as they meet to negotiate for an end to the war in Ukraine, at Joint Base Elmendorf-Richardson in Anchorage, Alaska, U.S., August 15, 2025. Kevin Lamarque | Reuters President Donald Trump’s call for the U.S. to resume nuclear testing after a more than 30-year pause […]
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Stocks making the biggest moves premarket: Alphabet, Microsoft, Meta Platforms, Eli Lilly, Merck & more
Check out the companies making headlines before the bell: Alphabet — The search giant jumped more than 7% after strong results that were boosted by revenue from Google Cloud and YouTube advertising. Alphabet earned $3.10 per share, on an adjusted basis, more than the $2.33 per share expected by analysts polled by LSEG. Revenue of […]
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Big Tech earnings, Fed cuts rates, Trump-Xi meeting and more in Morning Squawk
Stocks on display at the Nasdaq on Sept. 10, 2025. Danielle DeVries | CNBC This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. Magnificent or not? Magnificent Seven members Alphabet, Microsoft and Meta Platforms all beat […]
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