Federal Reserve Governor Stephen Miran speaks with CNBC during the Invest i America Forum on Oct. 15, 2025. Aaron Clamage | CNBC There were two dissenters from the Federal Reserve’s decision to lower the federal funds rate by a quarter percentage point on Wednesday, in two different directions. Federal Reserve Governor Stephen Miran instead called…
The Eli Lilly & Co. logo at the company’s Digital Health Innovation Hub facility in Singapore, on Thursday, Nov. 14, 2024. Ore Huiying | Bloomberg | Getty Images Eli Lilly and Walmart on Wednesday said they have teamed up to expand access to the drugmaker’s weight loss drug Zepbound, allowing U.S. patients to get vials…
NEW CARLISLE, Indiana — A year ago, it was farmland. Now, the 1,200-acre site near Lake Michigan is home to one of the largest operational AI data centers in the world. It’s called Project Rainier, and it’s the spot where Amazon is training frontier artificial intelligence models entirely on its own chips. Amazon and its…
The shutdown of the U.S. federal government could cost the economy up to $14 billion, depending on how long it lasts, the Congressional Budget Office said Wednesday. The shutdown, now in its fourth week, will result in the loss of at least $7 billion of gross domestic product by the end of 2026 as a…
Marco Andretti said Wednesday he is retiring from racing, a decision that likely means the “Andretti Curse” at the Indianapolis 500 will never end. The 38-year-old grandson of Mario Andretti announced on social media he will not attempt to enter the Indianapolis 500 next season and will instead turn his attention to his daughter, business…
The Federal Reserve is expected to cut interest rates on Wednesday, and wealthy U.S. households may benefit most. The federal funds rate is the interest rate at which banks borrow and lend to one another overnight. A quarter-point reduction would bring the benchmark rate to a range between 3.75%-4.00%. It could fall to 3.1% by…
Employees work on a mobile phone assembly line at Padget Electronics, a subsidiary of Dixon Technologies, in Noida, India, on Friday, March 22, 2024. Bloomberg | Bloomberg | Getty Images In a move aimed at cutting India’s import dependency for electronic components, the government has approved the first set of projects under its $2.7 billion…
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Microsoft CEO Satya Nadella speaks at Axel Springer Neubau in Berlin on Oct. 17, 2023. Ben Kriemann | Getty Images Microsoft will report results for its fiscal first quarter after the close of regular trading Wednesday. Here’s what analysts are expecting according to a consensus of estimates from LSEG: Earnings per share: $3.67 Revenue: $75.33 billion…
This is one of four feature stories on the finalists — Denny Hamlin, Kyle Larson, William Byron and Chase Briscoe — competing for the 2025 NASCAR Cup Series Championship on Sunday at Phoenix. William Byron celebrated one of the biggest wins of his career by eating cookies at home. He couldn’t do much else Sunday…
