President Donald Trump on Friday said he’d prefer to keep National Economic Council Director Kevin Hassett in his position as top economic advisor, a statement that could change the dynamic in the race to see who will replace Jerome Powell as Federal Reserve chair. During an appearance in the White House, Trump said, “I see…
Halfpoint Images | Moment | Getty Images As President Donald Trump embraces more policy focused on affordability, some lawmakers have pushed to expand tax credits for families. The Republican Study Committee this week released a framework for a second budget bill, known as “Reconciliation 2.0,” which outlines priorities like homeownership, health care, energy prices and…
Single-family homes in a residential neighborhood in Miramar, Florida, Oct. 27, 2022. Joe Raedle | Getty Images News | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Private investment…
Stellantis CEO Antonio Filosa speaks during an event in Turin, Italy, Nov. 25, 2025. Daniele Mascolo | Reuters DETROIT — Stellantis CEO Antonio Filosa views 2026 as an execution year for the embattled maker of Jeep, Ram and Dodge vehicles in the U.S. after years of market share declines. Filosa has been undertaking a turnaround…
Kevin Hassett, director of the National Economic Council, speaks to members of the media outside the White House in Washington, DC, US, on Friday, Oct. 24, 2025. Francis Chung | Bloomberg | Getty Images White House economic advisor Kevin Hassett said Friday that large U.S. banks could voluntarily provide credit cards to underserved Americans as…
A pharmacist displays a box of Wegovy pills at a pharmacy in Provo, Utah, Jan. 15, 2026. George Frey | Bloomberg | Getty Images Shares of Novo Nordisk rose more than 8% on Friday after early prescription data showed an encouraging start to the U.S. launch of the company’s new GLP-1 pill for obesity. In…
Chicago Fed President Austan Goolsbee said anything that is infringing or attacking the independence of the central bank “is a mess.” Source link
Da-kuk | E+ | Getty Images As many Americans struggle to keep up with the rising cost of living — housing, groceries, electricity and other necessities — their financial stress is getting more attention in the workplace. In 2025, employer discomfort at their workers’ financial wellbeing reached a new high: 48% rated their concern at…
The Federal Reserve’s current policy stance on interest rates leaves the central bank well positioned to determine the extent and timing of additional rate adjustments based on incoming data, Philip Jefferson said. Source link
The long-awaited plan would leave much to Congress and calls for payments to health savings accounts rather than insurance subsidies, among other broad proposals. Source link