The Federal Reserve in a closely watched decision Wednesday held the line on benchmark interest rates though still indicated that…
Category: News – CNBC
Boeing Starliner astronauts complete return to Earth in SpaceX capsule after extended stay on ISS
Two NASA astronauts are heading home on a SpaceX ship after about nine months at the International Space Station. ...
Nvidia announces Blackwell Ultra and Rubin AI chips
Nvidia’s sales are up more than sixfold since its business was transformed by the release of OpenAI’s ChatGPT in late…
Oil rises as Trump says Iran will be held responsible for any future Houthi attacks
Houthi strikes have forced international shipping companies to re-route container ships that would normally pass through the Red Sea and…
Forever 21 expected to close all U.S. stores, blames Shein and Temu for demise
Forever 21 blamed its second bankruptcy on rising competition from upstarts like Shein and Temu and their use of the…
Trump’s war on Biden’s climate policy is creating a new form of EV range anxiety
EV charging companies are fundamental to adoption of electrical vehicles. As President Trump seeks federal funding cuts for EVs, the…
Treasury Secretary Bessent says White House is heading off a ‘guaranteed’ financial crisis
Bessent believes market pullbacks are benign, and Trump's pro-business policies will boost the economy in the long run. ...
Trump administration sends a clear message to the oil and gas industry: ‘You’re the customer’
The officials leading Trump's energy agenda downplayed climate change and called for more energy production to support economic growth and…
Goodbye to ‘bags fly free’ on Southwest Airlines, the last freebie in America
Southwest's customer-focused business model won it a loyal following during its half-century of flying. ...
Elon Musk’s SpaceX, Tesla lobby Trump trade representative on tariffs
Tesla warned of the hit to its bottom line from tariffs, while SpaceX complained that foreign trade barriers affect its…
Buy now, pay later lender Klarna files for U.S. IPO
Klarna filed its paperwork with the SEC on Friday to go public on the New York Stock Exchange under ticker…
Why this week’s positive inflation reports won’t look as good to the Fed
On the surface, February's inflation data released this week brought some encouraging news. ...