‘Really bad economics’: Nobel laureate Joseph Stiglitz explains where the Fed went wrong on inflation
The Federal Reserve “didn’t do their homework” and mischaracterized the spike in inflation that has plagued the U.S. economy over…
Moscow holds elections in illegally occupied parts of Ukraine; Putin and Turkey’s Erdogan to meet in Sochi
This was CNBC’s live blog tracking developments on the war in Ukraine. See below for the latest updates. Regional elections…
Engineering group ABB ‘pretty pessimistic’ on China: ‘It will be challenging for the rest of the year’
The CEO of Swedish-Swiss multinational industrial and engineering group ABB said he has been “disappointed” by the state of the…
White House asks Congress for short-term funding to avoid government shutdown
WASHINGTON — The White House on Thursday asked Congress to pass a short-term measure to fund the federal government and…
Stocks making the biggest moves after hours: Dell, Lululemon and MongoDB
Check out the companies making headlines after hours. MongoDB — Shares of the database software maker gained 5% in extended…
Trump Georgia trial will be streamed live, judge rules
WASHINGTON — Fulton County Judge Scott McAfee said Thursday that all court proceedings related to former President Donald Trump’s election interference…
FEMA is down to its last $3.4 billion as Maui wildfires, Hurricane Idalia slam U.S.
The Federal Emergency Management Agency is running low on money to respond to natural disasters as the U.S. faces billions…
Biden says he will visit Florida this weekend to survey Idalia damage: ‘Our nation has your back’
WASHINGTON — President Joe Biden made a surprise trip to the Federal Emergency Management Agency headquarters Thursday, where he announced…
Taylor Swift, Beyoncé and ‘Barbenheimer’ are lifting consumer spending this quarter. But Morgan Stanley says it may not last
Consumer spending may not be out of the woods. Real spending is expected to come in 1.9% higher in the…
