The Fed has set out on a ‘recalibration’ of policy. Here’s what Powell’s new buzzword means
Asset prices soared as investors took Powell at his word that the outsized rate cut wasn't in response to a…
Economy
Novartis not joining the ‘frenzy’ of weight loss drugs, CEO says
Swiss pharmaceutical giant Novartis said Wednesday that it does not plan to enter into the "frenzy" of weight loss drugs.…
What a Fed rate cut could mean for the world
From currencies and commodities; equities to bonds — global markets are braced for the first rate cut by the Federal…
Ray Dalio names the top five forces shaping the global economy
Speaking at the Milken Institute's Asia Summit in Singapore, the founder of Bridgewater Associates said the five factors are interrelated…
Harris victory seen as most likely election outcome, according to CNBC Fed Survey
The survey was taken several days after the first and possibly only debate between Vice President Kamala Harris and Donald…
The Fed’s biggest interest rate call in years happens Wednesday. Here’s what to expect
While markets have made up their mind that the Fed is going to cut, there's a vigorous debate over how…
The Bank of Japan’s next rate hike may come in December, not this week: CNBC survey
CNBC surveyed economists, FX strategists and Japan-focused fund managers on their BOJ expectations and year-end forecast for the yen. ...
Suspect in apparent Trump assassination attempt charged with two gun crimes, appears in court
Republican presidential nominee Donald Trump narrowly survived a prior assassination attempt at a campaign rally two months earlier. ...
Boeing freezes hiring in sweeping cost cuts as it grapples with factory worker strike
Boeing also said it will pause nonessential staff travel and reduce supplier spending as it deals with a strike by…