business news

Hopes for more Fed rate cuts dim as Powell notes hot CPI means ‘we’re not quite there yet’

Cartons of eggs are displayed at a grocery store with a warning that limits will be placed on purchases as…

Stocks making the biggest moves midday: CVS, Z, CAR, KHC

Check out the companies making headlines in midday trading: Baidu — The Chinese tech stock added 4% after a source…

‘Rates are going to stay where they are’

Bank of America CEO Brian Moynihan said Wednesday that strong consumer spending so far this year means the Federal Reserve…

Mitch McConnell warns Trump trade war, tariffs will raise prices

Then President Donald Trump speaks to the media while flanked by Senate Majority Leader Mitch McConnell after arriving at a…

Stocks making the biggest moves premarket: CVS, SMCI, META

Check out the companies making headlines before the bell: CVS — Shares jumped more than 8% after the pharmacy operator…

The New York Stock Exchange is launching an exchange in Texas

A person walks past the New York Stock Exchange at Wall Street in New York on Feb. 3, 2025. Angela…

White House nominates new chiefs for bank, market regulators: Reuters

The entrance to the Consumer Financial Protection Bureau (CFPB) headquarters is seen during a protest on Feb. 10, 2025 in…

CPI January 2025:

Inflation perked up more than anticipated in January, providing further incentive for the Federal Reserve to hold the line on…

Warren Buffett buys more Occidental after 30% sell-off from record high

Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 4, 2024. CNBC Warren Buffett’s Berkshire…

Fintech unicorn Zepz to lay off 200 employees, sources say

Mark Lenhard, CEO of U.K.-based remittances platform Zepz. Lukas Schulze | Sportsfile for Web Summit via Getty Images LONDON —…