Powell reinforces position that the Fed is not ready to start cutting interest rates
Federal Reserve Chair Jerome Powell on Wednesday reiterated that he expects interest rates to start coming down this year, but…
Egypt hikes interest rates by 600 basis points, pound crumbles to record low
Egypt’s pound hit a record low against the dollar on Wednesday after its central bank hiked interest rates by 600…
Private payrolls rose by 140,000 in February, less than expected, ADP reports
Private sector job growth improved during February though growth was slightly less than expected, payrolls processing firm ADP reported Wednesday.…
Ship damaged offshore Yemen, days after a Houthi-struck vessel sank in the Red Sea
A merchant vessel was hit and took damage offshore of Yemen, the U.K. Maritime Trade Operations said Wednesday, days after…
Retirement prospects for women can be ‘pretty bleak,’ expert says — but there are ways to prepare
Women face tough financial prospects in retirement. About 50% of women ages 55 to 66 have no personal retirement savings,…
China’s central bank governor says there’s room to cut banks’ reserve requirements
BEIJING — The heads of China’s central bank and economic planning agency signaled that authorities would be willing to take…
China’s top securities regulator vows to ‘strictly’ crack down on market manipulators
BEIJING — China’s top securities regulator vowed to “strictly” crack down on market manipulators, while stating that protecting small investors…
Russian iron ore plant, border regions attacked; Kyiv tries to quash rumors over declined White House invite
This was CNBC’s live blog tracking developments on the war in Ukraine. Ukraine has moved to quash speculation behind First…
U.S. lawmakers push for ByteDance to divest TikTok or face ban
A bipartisan group of U.S. lawmakers introduced legislation on Tuesday to give China’s ByteDance about six months to divest popular short video app TikTok or face a U.S. ban, seeking to tackle national…
