U.S. Federal Reserve Chair Jerome Powell speaks during a conference marking the 75th anniversary of the International Finance Division of the Federal Reserve Board in Washington, D.C., on June 2, 2025. Andrew Caballero-Reynolds | AFP | Getty Images The Federal Reserve sees inflation rising again to top 3% this year amid the uncertainty around President…
The Food and Drug Administration on Monday approved Merck’s shot designed to protect infants from respiratory syncytial virus during their first season of the virus, bringing to market a rival to a similar treatment from Sanofi and AstraZeneca. The decision will allow the company to launch the drug, which will be marketed as Enflonsia, ahead…
U.S. President Donald Trump speaks to the media upon arrival at Joint Base Andrews following a visit to North Carolina, in Maryland on June 10, 2025. Evelyn Hockstein | Reuters Trump Media & Technology Group, the parent company of Truth Social, Truth+ and the fintech platform Truth.Fi, said Monday that its board has approved a…
U.S. Defense Secretary Pete Hegseth speaks during a news conference at the Pentagon on June 22, 2025 in Arlington, Virginia. Andrew Harnik | Getty Images News | Getty Images Secretary of Defense Pete Hegseth said Sunday that “Iran’s nuclear ambitions have been obliterated,” hours after the United States attacked three major nuclear nuclear enrichment facilities….
Jonathan David and Tajon Buchanan scored 2 minutes, 35 seconds apart early in the second half and Canada defeated El Salvador 2-0 on Tuesday night to reach the CONCACAF Gold Cup quarterfinals. El Salvador, which was eliminated, finished two men short after Santos Ortíz and Jairo Henríquez were ejected late in the first half. Canada…
CNBC’s Jim Cramer on Tuesday told investors the market no longer seems to be concerned about the potential for Chinese startup DeepSeek to outpace the tech titans currently leading in the artificial intelligence arena. “This data center renaissance, so shocking to the people who abandoned these stocks — the Nvidias, the AMDs, the Vertivs, the…
The Chase Sapphire Lounge at LaGuardia Airport, accessible only to Sapphire Reserve customers. Benji Stawski / CNBC JPMorgan Chase is betting that a long list of new perks will keep affluent Americans hooked on its Sapphire Reserve card, despite a hefty bump in its annual fee. The bank on Tuesday unveiled an update to its…
The 2025 Summer Davos forum will be held from June 24 to 26 in Tianjin and is expected to bring together around 1,800 participants from over 90 countries and regions. China News Service | China News Service | Getty Images This report is from CNBC’s The China Connection newsletter, which brings you insights and analysis…
VENICE, Italy — This weekend’s star-studded Venice wedding of multi-billionaire Amazon founder Jeff Bezos and Lauren Sanchez has galvanized activist groups that are protesting it as a sign of the growing disparity between the haves and have-nots as well as disregard of the city’s residents. About a dozen Venetian organizations — including housing advocates, anti-cruise…
WASHINGTON – The Federal Reserve on Wednesday kept interest rates steady amid expectations of higher inflation and lower economic growth ahead, and still pointed to two reductions later this year. With markets expecting no chance of a central bank move this week, the Federal Open Market Committee kept its key borrowing rate targeted in a…
