Powell indicates further, smaller rate cuts, insists the Fed is ‘not on any preset course’
The central bank chief asserted that he will seek to balance fighting inflation with supporting the labor market. ...
Category: Economy
East and Gulf Coast ports strike, with ILA longshoremen walking off job, stranding billions in trade
ILA union longshoremen at East Coast, Gulf Coast ports walk off the job after ownership and labor failed to reach…
AI chipmaker Cerebras files for IPO to take on Nvidia
Cerebras faces competition from Nvidia, as well as cloud providers that have developed in-house chips for running artificial intelligence models.…
Misinformation running rampant on Facebook has officials concerned about election disruptions
After Meta’s layoffs and deprioritizing of news and political content, local election officials say they’re in a precarious spot heading…
Op-ed: Your kids need a Roth IRA. It’s the ‘golden egg’ savings vehicle for young people
Establishing a Roth IRA for kids can set them on the path to financial security. By starting early, they can…
Mark Cuban warns Elon Musk: Trump’s ‘loyalty is only to himself’
Mark Cuban is supporting Vice President Kamala Harris, while Elon Musk has endorsed ex-President Donald Trump in the 2024 election.…
The U.S. wants to triple nuclear power by 2050. America’s coal communities could provide a pathway
The U.S. needs to add 200 gigawatts of nuclear power, a senior official at the Department of Energy said. ...
Kamala Harris wants to take on price gouging. It’s hard to find agreement on what it even is
Higher prices, and who or what is to blame for them, have become a central theme in the presidential race,…
Hands-on with Meta’s Orion AR glasses prototype and the possible future of computing
CNBC senior media and tech correspondent Julia Boorstin experienced Meta's Orion AR glasses prototype, and was impressed by how lightweight…