Economy
Fed votes to reappoint all of its regional bank presidents
Key Points The Federal Reserve on Thursday reappointed 11 of its 12 regional bank presidents, ending a mini-drama at the central bank in a move that came a bit earlier than usual. There had been some speculation about whether President Donald Trump, a fierce Fed critic, would seek to exert more control over the rate-setting […]
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The case for more Fed rate cuts could rest on a ‘systemic overcount’ of jobs numbers
In the Federal Reserve’s battle between fighting inflation and limiting unemployment, the latter side carried the day Wednesday and could also have an edge heading into 2026 if labor market weakness becomes more evident through an apparent overcounting of jobs numbers. In the immediate term, worries over the employment situation meant a vote, albeit divided […]
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Stocks making the biggest moves midday: Oracle, Vail Resorts, GE Vernova, Brinks, Ciena & more
Check out the companies making the biggest moves midday: Oracle — The database management software maker tumbled 14% after reporting fiscal second-quarter revenue that missed analyst expectations. Multiple analysts across Wall Street raced to lower their price targets in reaction. Vail Resorts — The ski resort owner jumped 9%. Fiscal first quarter “mountain” revenue of […]
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Bessent to propose major overhaul of regulatory body created from financial crisis
U.S. Treasury Secretary Scott Bessent speaks onstage during The New York Times DealBook Summit 2025 at Jazz at Lincoln Center on December 03, 2025 in New York City. David Dee Delgado | Getty Images Entertainment | Getty Images Treasury Secretary Scott Bessent is proposing a major change in the approach to how the government approaches […]
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The Fed’s hawkish cut, Oracle earnings, Coca-Cola’s next CEO and more in Morning Squawk
Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on Dec. 10, 2025 in Washington, DC. Chip Somodevilla | Getty Images 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 […]
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Stocks making the biggest moves premarket: Oracle, Oxford Industries, Adobe, Gemini Space Station & more
Check out the companies making headlines before the bell: Oracle — The software giant tumbled more than 12% after reporting fiscal second-quarter revenue that missed analyst expectations. Analysts across Wall Street raced to lower their price targets. Adobe — Shares fell slightly after the software company issued lackluster guidance for fiscal year 2026. Adobe sees […]
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‘Reflation is back’ says Deutsche Bank as global central banks diverge from Fed
As central banks make different decisions on rates this week and next, their economies all show one thing, according to Deutsche Bank: Global reflation is back. “Something’s cooking. In contrast to US rates, the rest of the world looks far more interesting,” George Saravelos, global head of FX Research at Deutsche Bank, said in a note […]
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Here are the five big takeaways from Wednesday’s Fed rate decision
Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on December 10, 2025 in Washington, DC. Chip Somodevilla | Getty Images The Federal Reserve on Wednesday approved a much-anticipated quarter percentage point interest rate cut at a meeting that was packed with intrigue […]
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The Fed is the most divided it’s been in more than six years
Federal Reserve Governor Stephen Miran speaks with CNBC during the Invest i America Forum on Oct. 15, 2025. CNBC There were three dissenters from the Federal Reserve’s decision to lower the federal funds rate by a quarter percentage point on Wednesday, making it the most divisive the central bank has been in more than a […]
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Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in October. Text removed from the October statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both statements. […]
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