Jerome Powell
Senate confirms Kevin Warsh as Fed governor, clears way for chair vote
Kevin Warsh took another step towards becoming Federal Reserve chair on Tuesday, clearing a key Senate vote that puts him on the central bank Board of Governors. The upper chamber voted to approve Warsh’s nomination by a 51-45 vote, on a mostly party-line basis. Only Sen. John Fetterman, D-Pa., crossed lines to vote for President […]
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Global week ahead: Crude diplomacy casts shadow over Trump-Xi summit
Waitforlight | Moment | Getty Images China has quietly amassed the world’s largest stockpile of crude oil. This is no mean feat for a country that is also the globe’s biggest importer of energy. It brings a fresh dynamic to Beijing’s relations with the United States, as Premier Xi Jinping prepares to host President Donald […]
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The Federal Reserve is quickly running out of reasons to cut interest rates
If the Federal Reserve still has any reasons to cut interest rates in the near future, they’re getting harder and harder to find. Friday’s jobs report for April provided the latest evidence that the central bank’s larger concern isn’t a flagging labor market but rather a cost of living that is getting increasingly harder for […]
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CNBC Daily Open: Leadership challenge swirls around Starmer
U.K. Prime Minister Keir Starmer leaves Downing Street on February 02, 2026 in London, United Kingdom. Alishia Abodunde | Getty Images News | Getty Images Hello, this is Leonie Kidd writing to you from London. Welcome to another edition of CNBC’s Daily Open. It’s a tough time to go to the polls. That’s what U.K. […]
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OpenAI rolls out new model for cybersecurity teams a month after Anthropic’s Mythos debut
OpenAI CEO Sam Altman speaks during the BlackRock Infrastructure Summit on March 11, 2026, in Washington. Anna Moneymaker | Getty Images OpenAI on Thursday announced that GPT-5.5-Cyber, a variation of its latest artificial intelligence model, is rolling out in a limited preview capacity to vetted cybersecurity teams, a month after rival Anthropic captivated investors and […]
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CNBC Daily Open: Iran reviews ‘one-page peace plan’
This photo taken on April 20, 2026 shows a national flag of Iran hanging on a building damaged by the U.S.-Israeli attacks in Tehran, Iran. Shadati | Xinhua News Agency | Getty Images Hello, this is Leonie Kidd writing to you from London. Welcome to another edition of CNBC’s Daily Open. A one-page document has […]
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Peace hopes, Disney earnings, dismantling Spirit Airlines and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. After reading about Restaurant Brands International‘s earnings this morning, I’m in the mood to get my morning coffee from Tim Hortons. Stock futures are rising this morning after a winning day for the three major indexes. Here are five key […]
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Jerome Powell making a ‘significant mistake’ by staying on at the Fed, Sen. Tim Scott says
Committee Chairman Sen. Tim Scott (R-SC) delivers an opening statement during the Senate Committee on Banking, Housing, and Urban Affairs confirmation hearing for Kevin Warsh, U.S. President Donald Trump’s nominee for Chair of the Federal Reserve, in the Dirksen Senate Office Building on April 21, 2026 in Washington, DC. Andrew Harnik | Getty Images Senate […]
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Trump admin. moves further into AI oversight, will test Google, Microsoft and xAI models
U.S. President Donald Trump disembarks from Air Force One upon arrival from Miami on May 3, 2026 at Joint Base Andrews, Florida. Roberto Schmidt | Getty Images The Center for AI Standards and Innovation on Tuesday announced agreements with Google DeepMind, Microsoft and Elon Musk’s xAI that will allow the U.S. government to evaluate artificial […]
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CNBC Daily Open: Ceasefire at risk of collapse
U.S. forces patrol the Arabian Sea near the M/V Touska ship on April 20, 2026, after firing upon the Iranian-flagged vessel that the U.S. accused of attempting to violate the U.S. naval blockade of Iranian ports near the Strait of Hormuz. U.S. Navy | Getty Images Hello, this is Leonie Kidd writing to you from […]
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