New York Federal Reserve President John Williams on Wednesday stressed the importance of central bank independence as President Donald Trump looks to exert control over monetary policy. In a CNBC interview, the influential policymaker avoided commenting directly on Trump’s efforts to fire Fed Governor Lisa Cook but did note the important economic role the central…
MongoDB shares skyrocketed more than 30% on Wednesday after the database software company posted better-than-expected fiscal results and gave an upbeat forecast. Here’s how the company did in comparison with LSEG consensus: Earnings per share: $1.00 adjusted vs. 66 cents expected Revenue: $591 million vs. $556 million expected MongoDB’s revenue increased 24% from a year…
NEW YORK — It started with a friendship bracelet. It ended with an engagement ring. Taylor Swift, the pop superstar, and Travis Kelce, the football champion, are engaged. The fiances, both 35, announced the news in a joint post on Instagram on Tuesday. It is the latest chapter in the couple’s love story, one that…
“Arch Manning hasn’t done a thing yet.” That was Urban Meyer’s blunt assessment of college football’s most-talked-about quarterback during a recent appearance on “The Joel Klatt Show.” While the Texas redshirt sophomore has only appeared in 12 games with two starts in his collegiate career, his last name and recruiting pedigree continue to generate massive…
Long-term U.S. Treasury yields continued to move higher on Wednesday following the latest effort by President Donald Trump to take charge of the Federal Reserve. The 30-year Treasury yield rose more than 4 basis points to 4.952%, and the 10-year Treasury yield was more than 2 basis points higher at 4.281%. The 2-year yield was lower by…
Housing block in Warsaw, Poland Busà Photography | Moment | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public…
Hello, this is Evelyn, writing to you from Hengdian, Zhejiang province. Locals are getting more excited about the stock market again. There’s much debate about what’s driving the gains, but there are signs of a deeper change afoot in what’s long been considered a more speculative market. Enjoy! This report is from this week’s CNBC’s The China Connection newsletter, which brings you…
Check out the companies making headlines before the bell: MongoDB — The database platform developer soared 30% after its latest results beat Wall Street analysts’ estimates. MongoDB reported adjusted earnings of $1 per share on revenue of $591 million, above the consensus as compiled by LSEG of 66 cents per share on revenue of $556…
VENICE, Italy — The Venice Film Festival is kicking off with the world premiere of Paolo Sorrentino’s “La Grazia” on Wednesday. The 82nd edition of the glamourous international film festival is playing host to many Hollywood stars, including George Clooney, Julia Roberts and Dwayne Johnson, and famed auteurs, from Guillermo del Toro to Kathryn Bigelow,…
Winning a national championship in back-to-back seasons is tough, just ask Urban Meyer. The former Florida and Ohio State head coach fell short in all three of his title defenses, failing to make it back to the national championship game each time. As Ohio State begins its quest to repeat, Meyer is urging those around…
