Economy
Treasury Secretary Bessent says more Fed rate cuts are ‘only ingredient missing’ for stronger economy
U.S. Treasury Secretary Scott Bessent speaks during a press conference to unveil the official Trump Accounts website, at the Treasury Department in Washington, D.C., U.S., December 17, 2025. Aaron Schwartz | Reuters Treasury Secretary Scott Bessent on Thursday pressed the administration’s desire for lower interest rates, saying they are the key to future economic growth. […]
Read More
Trump’s defense spending plans, Venezuelan oil, Ford’s eyes-off driving push and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. If you can’t already tell from reading this newsletter, I’m a big cliché user. So with the S&P 500‘s first losing day of the year, maybe traders can seek solace from the age-old saying: It’s a marathon, not a sprint. […]
Read More
Stocks making the biggest moves premarket: Lockheed Martin, Northrop Grumman, Gap, Alcoa & more
Check out the companies making the biggest moves in premarket trading: Defense stocks — Defense stocks jumped after President Donald Trump called for a defense budget of $1.5 trillion in 2027, saying in a Truth Social post he wanted to build a “Dream Military.” Lockheed Martin and L3Harris Technologies rallied 8%, while Northrop Grumman soared […]
Read More
Private payrolls rose 41,000 in December, slightly below expectations, ADP says
A “Join Our Team” flyer at the Appalachian State University internship and job fair in Boone, North Carolina, US, on Wednesday, Oct. 1, 2025. Allison Joyce | Bloomberg | Getty Images Private sector job creation turned positive in December though at a bit softer pace than expected, payrolls processing firm ADP reported Wednesday. Companies added […]
Read More
American Airlines keeps frequent flyer status requirements the same, following rivals
Joe Raedle | Getty Images News | Getty Images American Airlines said Wednesday that it will keep the spending requirements to earn elite frequent flyer status in 2027 steady for a third consecutive year as the carrier courts higher-spending travelers and tries to catch up to industry profit leaders Delta Air Lines and United Airlines. […]
Read More
Trump’s Greenland considerations, Nvidia’s China demand, xAI’s latest funding round and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. Guests at my home will be pleased to know that I, despite personal fascination, live outside the delivery radius of this shower water beer. Stock futures are little changed this morning. The market is coming off another winning session. Here […]
Read More
Stocks making the biggest moves premarket: Mobileye, GameStop, Chevron & more
Check out the companies making headlines before the bell: Mobileye — The self-driving systems stock jumped about 11% after the company said it would buy humanoid robot maker Mentee for $900 million. GameStop — Shares rose 2% after the company unveiled its compensation package for CEO Ryan Cohen that included objectives to grow the videogame […]
Read More
Euro zone inflation hits 2% in December, in line with forecasts
Downtown Amsterdam Jacobh | E+ | Getty Images Euro zone inflation stood at 2% in December, flash data from Eurostat showed on Wednesday. Economists polled by Reuters had expected the inflation rate to cool to 2%, in line with the European Central Bank’s (ECB) target. In November, the inflation rate stood at 2.1%. Core inflation, […]
Read More
India’s state-owned refiners keep buying Russian oil even as New Delhi seeks U.S. tariff relief
An oil refinery, operated by Bharat Petroleum Corp., in Mumbai, India. Dhiraj Singh | Bloomberg | Getty Images State-owned refiners in India are still buying Russian oil, even as New Delhi seeks relief from U.S. tariffs imposed for those purchases, according to energy analysts. The U.S. imposed a “secondary” 25% tariff on Indian goods in […]
Read More
Stocks making the biggest moves midday: Johnson Controls, TransUnion, SoFi, AIG & more
Check out the companies making headlines in midday trading. Credit score stocks — Shares of credit score providers were trading lower after Federal Housing Finance Agency Director Bill Pulte criticized the companies’ pricing in a post on X. Shares of TransUnion lost 4%, and Equifax fell more than 5%. Fair Isaac stock slipped nearly 4%. […]
Read More