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Tyson Is Sued Over Labeling of ‘Climate-Smart’ Beef
Sep 18, 2024, 2:35 PM
An environmental group said the company, a major food producer, was misleading shoppers with its claims about eco-friendly practices.
Ray Dalio calls upcoming U.S. election the most consequential of his lifetime
Sep 18, 2024, 9:55 PM
Speaking to CNBC's "Squawk Box Asia" on Thursday, the founder of Bridgewater Associates explained that what the U.S. needs is "broad-based prosperity."
TrendMacro CIO Donald Luskin reacts to former President Trump debuting another new tax break proposal and other taxes that are hurting Americans on 'The Evening Edit.'
Binance CEO says crypto exchange saw 40% growth this year in institutional, corporate investors
Sep 18, 2024, 9:49 PM
Cryptocurrency exchange Binance has seen a 40% increase this year in institutional and corporate investors, CEO Richard Teng told CNBC's Lin Lin.
Ray Dalio says the Fed faces a tough balancing act as the economy faces 'enormous amount of debt'
Sep 18, 2024, 9:38 PM
On Wednesday, Dalio listed debt, money and the economic cycle as one of the top five forces influencing the global economy.
Kingsview Wealth Management CIO Scott Martin reacts to the Federal Reserve's half-point interest rate cut and what it means for the economy and job market on 'The Evening Edit.'
Bank of England expected to hold interest rates at 5%
Sep 18, 2024, 7:01 PM
Economists are betting on rates being held in September with a cut to come in November instead.
What's the point of buying the latest smart phone?
Sep 18, 2024, 7:01 PM
It is the time of year when new handsets are unveiled, but they may offer only small improvements.
The Fed rate cut: What it means for bank accounts, CDs, loans, and credit cards
Sep 18, 2024, 3:01 PM
How the Fed's decision on interest rates affects savings products, various types of loans, and credit cards.
Stock futures rise as traders weigh Fed’s super-sized rate cut: Live updates
Sep 18, 2024, 6:00 PM
Central bank policymakers trimmed rates by 50 basis points Wednesday. Stocks initially surged, but ultimately closed lower.
Valarie D’Elia, Travel Reporter on TV and Radio, Dies at 64
Sep 18, 2024, 5:39 PM
She steered vacationers and business travelers to choice destinations, talked about the best deals, and offered up savvy tips on how to avoid vexation.
Musk's X working again in Brazil
Sep 18, 2024, 4:34 PM
The social media platform X, formerly Twitter, was banned in the country on 31 August.
Fed cuts interest rates for first time in 4 years – here's what that means for your wallet
Sep 18, 2024, 12:33 PM
The Federal Reserve cut interest rates, signaling that it has won the fight against inflation.
Boeing begins layoffs amid labor union strike, controversy over CEO's home purchase: 'Very difficult time'
Sep 18, 2024, 12:36 PM
After Boeing workers went on strike Friday, new CEO Kelly Ortberg announced via email that "temporary furloughs" would be necessary to keep the company afloat.
To Win Votes, Trump Floats an Array of Expensive Tax Cuts
Sep 18, 2024, 4:40 PM
Whether he is speaking to retirees, corporate executives or tipped workers, former President Donald J. Trump has made a habit of promising tax cuts that could cost trillions.
A big Fed rate cut gives Donald Trump and Jerome Powell something else to disagree about
Sep 18, 2024, 4:25 PM
The Federal Reserve decision to opt for a bigger half percentage point cut opened a new area of disagreement between GOP nominee Donald Trump and Fed Chair Jerome Powell.
TelevisaUnivision Considers Replacing CEO Wade Davis
Sep 18, 2024, 4:30 PM
Wade Davis led an acquisition of Univision in 2020, buying out a consortium of private-equity owners.
Elon Musk’s X Finds Way Around Brazil Ban and Goes Live Again for Many Users
Sep 18, 2024, 4:14 PM
Elon Musk’s social media platform used a technical maneuver to restore service for many Brazilians after a court blocked it. Blocking it again would be difficult, experts said.
Federal Reserve cuts interest rates by half a percentage point, stocks end lower
Sep 18, 2024, 4:09 PM
Investors digested the Fed's first interest rate cut since 2020.
Wellington-Altus Private Wealth chief market strategist Jim Thorne argues the Fed was late to cut interest rates and the private sector is in recession on 'Making Money.'
Fed cuts interest rates by half point, signals two additional cuts this year
Sep 18, 2024, 3:15 PM
The Federal Reserve cut interest rates for the first time in more than four years Wednesday, ending its most aggressive inflation-fighting campaign since the 1980s.
Fed rate cut will push investors out of cash, treasuries, bonds: Alli McCartney | Fox Business Video
UBS Private Wealth Management managing director Alli McCartney explains why Fed rate cuts usually coincide with a recession on 'Making Money.'
Former Reagan economist Art Laffer joins ‘The Big Money Show’ to discuss the Federal Reserve’s upcoming rate decision.
QI Research CEO and chief strategist Danielle DiMartino Booth reacts to the Federal Reserve cutting interest rates by half a percentage point on 'Making Money.'
France’s Budget Problems ‘Very Serious,’ Prime Minister Says
Sep 18, 2024, 1:14 PM
The French government, which missed a deadline this week to show how it would cut its debt and deficit, is struggling to meet fiscal requirements set by the E.U.
Fed Cuts Interest Rates for First Time in Four Years: Live Updates
Sep 18, 2024, 11:56 AM
“We concluded that this was the right thing for the economy and the people we serve,” the Federal Reserve chair, Jerome Powell, said, referring to the central bank’s decision to cut interest rates by half a point.
Forbes Media Chairman and editor-in-chief Steve Forbes discusses whether cutting taxes or rates has a bigger impact on the economy on 'The Big Money Show.'
Kingsview Wealth Management CIO Scott Martin and Great Hill Capital Chairman Thomas Hayes preview the Federal Reserve’s highly anticipated rate decision.
The Fed forecasts lowering rates by another half point before the year is out
Sep 18, 2024, 2:25 PM
The so-called "dot plot" indicated that 19 FOMC members see the benchmark fed funds rate at 4.4% by the end of this year.
Fed slashes interest rates by a half-point, an aggressive start to its first easing campaign in four years
Sep 18, 2024, 2:00 PM
The Federal Reserve on Wednesday released its decision regarding interest rates.
Stock market today: Federal Reserve cuts interest rates by half a percentage point, stocks rise
Sep 18, 2024, 2:09 PM
Investors digested the Fed's first interest rate cut since 2020.
Federal Reserve cuts interest rates by half-point; first rate reduction in four years
Sep 18, 2024, 10:02 AM
The Federal Reserve announced the first interest rate cut in four years at its September policy meeting amid progress in slowing down the pace of inflation toward its 2% goal.
Former Kansas City Federal Reserve President Thomas Hoenig discusses the politics involved in Fed interest rate decisions on 'Cavuto: Coast to Coast.'
US goes big with first interest rate cut in four years
Sep 18, 2024, 2:01 PM
The Federal Reserve has cut its key lending rate by 0.5 percentage points - a larger cut than expected.
Fed lowers interest rates by half point in first cut since 2020
Sep 18, 2024, 2:03 PM
The Federal Reserve cut interest rates for the first time in more than four years Wednesday, ending its most aggressive inflation-fighting campaign since the 1980s.
Boeing puts tens of thousands of workers on furlough after strike
Sep 18, 2024, 1:27 PM
Boeing says it is suspending jobs for thousands of staff in the US due to a worker strike.
Boeing to Begin Temporary Layoffs Because of Strike
Sep 18, 2024, 1:17 PM
The aerospace giant said it would temporarily lay off tens of thousands of employees to stem losses from a walkout by the machinists’ union.
Port strikes could have 'devastating' impact to economy, retail trade group says
Sep 18, 2024, 8:59 AM
There are looming port strikes on the East Coast and Gulf of Mexico that could deal a blow to retailers during the most critical time of year: the holiday shopping season.
Harrison J. Goldin, 88, New York City Comptroller in Fiscal Crisis, Is Dead
Sep 18, 2024, 12:54 PM
He weathered the storm as the city’s chief financial officer for 16 years and jousted with Mayor Koch in a public feud and a losing primary bid to replace him.
Madison Ventures Plus managing director Mitch Roschelle explains how Trump's promise to revive the state and local tax deduction will affect the housing market on 'Varney & Co.'
Key Advisors Wealth Management co-founder Eddie Ghabour discusses how the Fed rate cut decision will impact markets in the near term on 'Varney & Co.'
Billionaire investor issues dire warning over 'crisis' of leadership as 'very serious issues' plague the US
Sep 18, 2024, 8:28 AM
Omega Family Office's Leon Cooperman says he's more 'more aligned' with the Republican platform despite not voting for either candidate
How to Read the Fed’s ‘Dot Plot’ Like a Pro
Sep 18, 2024, 12:30 PM
The Federal Reserve is expected to cut rates on Wednesday. Wall Street is focused on how much, and on what comes next.
What Trump Has Said About Interest Rates, and Why It Matters
Sep 18, 2024, 12:15 PM
He has suggested that presidents should “have a say” on interest rates, though he later walked the comment back.
Central Banks Around the World Are Cutting Rates
Sep 18, 2024, 12:00 PM
Inflation has fallen in most developed nations, and central bank officials are now trying to steer their economies toward a so-called soft landing.
Alaska Airlines Chief Plans More Routes After a Deal With Hawaiian
Sep 18, 2024, 11:55 AM
The airline’s chief executive, Ben Minicucci, said in an interview that closing its acquisition of Hawaiian Airlines would allow it to expand, including on international routes.
BMO Capital Markets Chief Investment Strategist Brian Belski discusses his market outlook and the potential impact of the Fed rate cut decision.
Daniel Lubetzky Joins ‘Shark Tank’ as Mark Cuban Departs
Sep 18, 2024, 11:00 AM
Daniel Lubetzky, the founder of the Kind snack company, began appearing as a guest on “Shark Tank” five years ago. Soon he’ll have a permanent seat.
JPMorgan creates new role overseeing junior bankers as Wall Street wrestles with workload concerns
Sep 18, 2024, 10:50 AM
The move shows how JPMorgan Chase, the biggest American investment bank by revenue, is responding to the latest untimely death on Wall Street.
4,500 jobs at risk as TGI Fridays enters administration
Sep 18, 2024, 10:55 AM
London-listed Hostmore has appointed Teneo as administrators to help it sell its restaurants.
Grant's Interest Rate Observer founder & editor Jim Grant discusses the anticipated Federal Reserve rate cut decision, his outlook for gold and the economy, Fed Governor Waller seen as a possible candidate for chair, and the U.S. debt.
Storch Advisors CEO Gerald Storch discusses the state of the American consumer ahead of the holidays on 'Varney & Co.'
Money Map Press chief investment strategist Shah Gilani discusses whether markets will sell off if the Fed rate cut does not meet expectations on 'Varney & Co.'
Donald Trump said he would not sell his Truth Social stock. But he technically can starting soon.
Sep 18, 2024, 9:35 AM
Trump maintains a roughly 60% stake in Trump Media & Technology Group, which trades on the Nasdaq under the ticker symbol "DJT."
Payne Capital Management President Ryan Payne reveals the ‘biggest risk’ surrounding the Federal Reserve’s potential rate cut on ‘Mornings with Maria.’
US 30-year mortgage rate falls to two-year low of 6.15%
Sep 18, 2024, 7:08 AM
The average contract rate on a 30-year fixed-rate mortgage dropped 14 basis points in the week ended Sept. 13, to 6.15%, the Mortgage Bankers Association said on Wednesday. Applications for home loans, refinancing, and purchases all jumped last week, the MBA said, citing lower borrowing costs and improved housing affordability as home prices rose more slowly. US mortgage rates peaked about 11 months ago at near 8%, and have since fallen as the Fed signaled its 2022-2023 rate-hike campaign had ended and that its next move would be a rate cut, once policymakers became confident inflation was under control.
Train drivers accept pay deal bringing end to strikes in England
Sep 18, 2024, 7:28 AM
Aslef said 96.6% of its members who voted backed the deal, marking the end of long-running strikes.
Portfolio Wealth Advisors President & CIO Lee Munson discusses the anticipated Federal Reserve rate cut decision on 'Mornings with Maria.'
G.M. Electric Vehicles Gain Access to Tesla Chargers
Sep 18, 2024, 8:00 AM
After a delay of several months, General Motors said owners of its battery-powered models would now be able to use Tesla charging stations with adapters.
Why Uncertainty Still Hangs Over the Fed’s Rate Decision
Sep 18, 2024, 7:44 AM
Investors, economists and politicians are at odds over whether the central bank should cut interest rates by a quarter-point, or more.
FOX Business' Gerri Willis breaks down the impact of the Fed's rate decision on Americans' finances during 'Mornings with Maria.'
Decades-old kitchen staple company Tupperware files for bankruptcy
Sep 18, 2024, 3:08 AM
Tupperware Brands filed for bankruptcy protection, months after the iconic American brand shut down its last remaining U.S.-based plant amid financial troubles.
Stock market today: US futures in holding pattern in wait for Fed decision
Sep 18, 2024, 6:32 AM
Investors are waiting to find out how aggressive the Fed will be when it makes its first interest-rate cut since 2020.
JPMorgan’s Dimon says Fed rate cut won’t be ‘Earth-shattering’
Sep 17, 2024, 5:56 PM
(Bloomberg) -- JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said whether the Federal Reserve cuts interest rates by 25 or 50 basis points, the move is “not going to be earth-shattering.”Most Read from BloombergCalifornia’s Anti-Speeding Bill Can Be a Traffic Safety BreakthroughPipe Fire Near Houston Forces Residents to EvacuateLondon Mayor Plans to Pedestrianize Busy Oxford StreetTo Build a Happier City, Design for DensityAn Artist Reimagines the Spaces of Childhood, With Thorny Resu
Stock market today: US futures in holding pattern in wait for Fed decision
Sep 18, 2024, 6:32 AM
Investors are waiting to find out how aggressive the Fed will be when it makes its first interest-rate cut since 2020.
Stock market today: US futures in holding pattern in wait for landmark Fed decision
Sep 18, 2024, 6:32 AM
Investors are waiting to find out how aggressive the Fed will be when it makes its first interest-rate cut since 2020.
Child care for 2 kids now costs nearly 40% more than rent across 100 largest US metros: study
Sep 18, 2024, 2:00 AM
Paying for full-time child care for two young children now costs nearly 40% more than the average rent in America's 100 largest metros, according to a new study.
Post Office boss to step down from role next year
Sep 18, 2024, 5:45 AM
The chief executive had already stepped back from front-line duties to prepare for the Horizon IT inquiry.
Fed officials set to cut rates for the first time in 4 years
Sep 18, 2024, 5:00 AM
The Federal Reserve is widely expected to cut interest rates for the first time in four years Wednesday and outline the path for future rate cuts.
Why Foldable Smartphones Are Worth Considering
Sep 18, 2024, 5:05 AM
New devices from Motorola and Google prove that phones with bendable screens keep getting better — and some are even becoming cheaper.
Wall Street Expects Half-Point Fed Rate Cut
Sep 18, 2024, 5:04 AM
The S&P 500 is hovering just below record territory, driven by a revived rally as bets have grown that the Federal Reserve will cut interest rates by half a percentage point.
How Big Will the Fed Rate Cut Be? Officials Need to Strike a Balance.
Sep 18, 2024, 5:04 AM
Policymakers are expected to lower rates for the first time in four years on Wednesday while releasing fresh economic forecasts.
A Fed Rate Cut Would Cap a Winning Streak for Biden and Harris on Prices
Sep 18, 2024, 5:04 AM
Improved data on borrowing costs and price growth has buoyed consumers, but it might be coming too late to significantly affect the presidential race
Google wins legal challenge against 1.49bn euro fine
Sep 18, 2024, 4:20 AM
The firm is under pressure worldwide over the dominance of its search and ad-tech businesses.
Tupperware, Food Container Pioneer, Files for Bankruptcy
Sep 18, 2024, 4:21 AM
The once-mighty kitchenware company has struggled financially for years. It says the direct sales model that fueled its success has become a weakness.
The Fed is poised to enter a new era with first rate cut in 4 years. But what comes next?
Sep 18, 2024, 3:14 AM
Federal Reserve are expected to mark the end of an era on Wednesday as they cut interest rates for the first time in four years.
US Futures Edge Higher in Watchful Tone Before Fed: Markets Wrap
Sep 18, 2024, 3:16 AM
(Bloomberg) -- US equity futures posted small gains as a watchful tone spread across global markets before the Federal Reserve’s interest-rate decision.Most Read from BloombergCalifornia’s Anti-Speeding Bill Can Be a Traffic Safety BreakthroughPipe Fire Near Houston Forces Residents to EvacuateLondon Mayor Plans to Pedestrianize Busy Oxford StreetTo Build a Happier City, Design for DensityAn Artist Reimagines the Spaces of Childhood, With Thorny ResultsTraders are split over whether the US centr
UK Inflation rate holds steady in August at 2.2%
Sep 18, 2024, 2:01 AM
The latest figure means inflation remains above the Bank of England’s target of 2%.
Tupperware: Embattled food container firm files for bankruptcy
Sep 18, 2024, 12:56 AM
The US company says it will ask for court permission to start a sale process of the business.