Economy
A major development in Trump’s Fed feud is set to happen next week in the Supreme Court
President Donald Trump speaks at the Detroit Economic Club in Detroit, Jan. 13, 2026. Evelyn Hockstein | Reuters As the Justice Department continues its investigation into the Federal Reserve, the next front in the central bank’s quest to maintain political independence will shift to the Supreme Court. On Jan. 21, the high court will hear […]
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Stocks making the biggest moves midday: JPMorgan, Moderna, Boeing, Cardinal Health, Chipotle & more
Check out some of the companies making the biggest moves midday: JPMorgan Chase — The largest bank in the U.S. dropped more than 3%, trading near session lows, after investment banking fees fell, missing expectations. JPM’s chief financial officer signaled that the banking industry could push back against President Donald Trump’s call for a one-year […]
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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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Stocks making the biggest moves premarket: L3Harris, JPMorgan, Delta, Intel, AMD and more
Check out the companies making headlines before the bell: JPMorgan Chase — The banking giant rose around 1% on fourth-quarter figures that beat analyst expectations. JPMorgan earned $5.23 per share, excluding items, on revenue of $46.77 billion. Analysts polled by LSEG expected a profit of $5 on revenue of $46.2 billion. JPMorgan’s beats were driven […]
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The market’s Powell reaction, JPMorgan earnings, Siri’s AI upgrade and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Tuesday. Nothing quite says the holidays are over like the beginning of a new corporate earnings season. Stock futures are ticking lower this morning following a winning day. Here are five key things investors need to know to start the trading […]
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Delta CEO sees record earnings in reach again thanks to high-end travel demand
A Delta Air Lines Boeing 767-332(ER). Joan Valls | Nurphoto | Getty Images Delta Air Lines‘ earnings could jump more than 20% this year from 2025 thanks to robust travel demand, particularly at the high end of the market, and potentially reach a record, CEO Ed Bastian said. Delta on Tuesday forecast adjusted earnings per […]
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Global central bankers unite in defense of Fed Chair Jerome Powell
Jerome Powell, chairman of the U.S. Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, on Wednesday, Dec. 10, 2025. Bloomberg | Bloomberg | Getty Images Global central bankers issued a statement Tuesday defending U.S. Federal Reserve Chair Jerome Powell following the launch of a criminal investigation […]
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Stocks making the biggest moves midday: Citigroup, Abercrombie, Vistra, Duolingo and more
Check out some of the companies making the biggest moves in midday trading. Bank stocks — The group fell broadly after President Donald Trump called for credit card rates to be capped at 10% for one year . Capital One slid 6%, Synchrony Financial tumbled 8% and Citigroup dropped 3%. Bank of America , Wells […]
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Republican Sen. Thom Tillis vows to block Trump’s Fed nominees following Powell probe
Key Points Sen. Thom Tillis, R-N.C., said he will block any Trump Fed nominees, including for chair, in light of revelations that the Justice Department is investigating Jerome Powell for potential perjury charges. That position substantially complicates the road to replacing Powell, whose term as chair expires in May. While Powell’s term as chair ends […]
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Yellen says Powell probe ‘extremely chilling’ for Fed independence, market should be concerned
Treasury Secretary Janet Yellen speaks with CNBC from the New York Federal Reserve on Sept. 26th, 2024. David A. Grogan | CNBC Former Federal Reserve Chair Janet Yellen on Monday condemned an investigation into her successor, Jerome Powell, saying it compromises the central bank’s independence. Yellen, who served as Treasury secretary after leaving the Fed, […]
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