Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut interest rates. Speaking at the Economic Club of Washington D.C., Powell referenced the…
Shares in gun manufacturers jumped Monday in the wake of the assassination attempt on former President Donald Trump. Smith & Wesson Brands closed up 11%, while Sturm, Ruger & Co.…
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Amazon’s Prime Day a ‘major’ cause of worker injuries, Senate probe finds
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Amazon Prime Day, the 48-hour discount blitz that kicks off Tuesday, is a “major” cause of worker injuries, according to the preliminary results of a Senate probe. The Senate’s Health, Education, Labor and…
Traders are now 100% certain the Federal Reserve will cut interest rates by September. There are now 93.3% odds that the Fed’s target range for the federal funds rate, its…
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Zyn-maker Philip Morris announces $600 million Colorado facility to ramp up production
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Zyn users, rejoice: Production is about to ramp up in the U.S. Philip Morris International (PMI), Zyn’s parent company, announced Tuesday it would invest $600 million to build a new…
The Dow Jones Industrial Average advanced on Monday as investors bet the unsuccessful assassination attempt on former President Donald Trump will lead to big gains for the Republican presidential candidate and the GOP at…
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65-year-old quit his job and emptied his life savings to start a business — now he’s worth $11 billion
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This story is part of CNBC Make It’s The Moment series, where highly successful people reveal the critical moment that changed the trajectory of their lives and careers, discussing what drove them…
From Nikki Haley’s standing ovation to political predictions by ‘Babydog,’ here are the biggest moments from Tuesday night at the Republican National Convention in Milwaukee, Wisconsin. 1. Nikki Haley wins…
About four in five Americans believe that the country is spiraling into chaos, according to a two-day poll. The poll by Ipsos for Reuters was conducted after the assassination attempt…
Economy
Biden says his mental acuity is ‘pretty damn good,’ despite polls showing majority of Americans disagreeing
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President Biden has declared in an interview this week that his mental acuity is ‘pretty damn good’ — despite numerous recent polls showing majorities of Americans thinking otherwise and raising…