Cleveland Federal Reserve President Beth Hammack said Wednesday that the central bank is weighing threats to both inflation and employment and should keep interest rates on hold as conditions evolve. In a live CNBC interview, the central bank official advocated a patient approach to monetary policy as officials watch incoming data for clues about where…
Harvested processing tomatoes in a loaded gondola on their way out of the field in Yolo County, California. Jack Clark/Design Pics Editorial/Universal Images Group via Getty Images) A key ingredient for pizza, BLTs, springtime salads and other dishes has gotten a lot pricier of late. Prices for fresh tomatoes have soared in recent months, largely…
United Airlines CEO Scott Kirby, joined by U.S. Vice President JD Vance and Transportation Secretary Sean Duffy, speaks to reporters outside the White House on Oct. 30, 2025 in Washington, D.C. Kevin Dietsch | Getty Images News | Getty Images United Airlines CEO Scott Kirby raised the idea for an airline merger with the Trump…
U.S. President Donald Trump speaks to the media, before boarding Air Force One on his way to Virginia, at Joint Base Andrews in Maryland, U.S., April 10, 2026. Evelyn Hockstein | Reuters President Donald Trump on Wednesday again threatened to fire Federal Reserve Chair Jerome Powell and said the probe into the renovation of the…
Hispanolistic | E+ | Getty Images This season, the IRS is smaller after staffing cuts from Elon Musk‘s Department of Government Efficiency, or DOGE, and other 2025 reductions. As millions of filers race to meet the April 15 tax deadline, they may wonder if being picked for an IRS audit is now less likely amid the…
Walmart‘s largest private brand, Great Value, is getting a fresh look. Starting in May, the brand’s approximately 10,000 items that span from LED lightbulbs to gallons of milk and frozen chicken nuggets will hit the shelves in new packaging, the company announced Wednesday. Walmart first launched the brand in 1993 and hasn’t changed its look…
US President Donald Trump delivers remarks on ‘Trump Accounts’ at the Andrew W. Mellon Auditorium in Washington, DC, on Jan. 28, 2026. Brendan Smialowski | AFP | Getty Images Trump accounts have signed up more than 5 million children, and 1.2 million are eligible for a $1,000 pilot program contribution, Treasury officials said. Enacted via…
Ted Pick, CEO of Morgan Stanley speaks on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 23, 2025. Gerry Miller | CNBC Morgan Stanley on Wednesday posted results that topped analyst estimates as the firm’s trading operations generated $1 billion more in revenue than expected. Here’s what the company reported:…
Brian Moynihan, CEO of Bank of America, speaking on CNBC’s Squawk Box at the World Economic Forum in Davos, Switzerland on Jan. 20th, 2026. Oscar Molina | CNBC Bank of America the nation’s second-largest lender, beat on the top and bottom lines during the first quarter, bolstered by equities sales and trading. Here’s what the…
ANKARA, TURKIYE – APRIL 14: An infographic titled “US warships around the Strait of Hormuz” created in Ankara, Turkiye on April 14, 2026. (Photo by Yasin Demirci/Anadolu via Getty Images) Anadolu | Anadolu | Getty Images The U.S. blockade of Iranian ports is now fully into effect, “completely” cutting off Tehran’s international sea trade that…