Amid geopolitical turmoil, the Federal Reserve held interest rates steady at the conclusion of its policy meeting on Wednesday. An energy shock and higher inflation expectations due to the war in Iran ruled out any possibility of an interest rate cut, analysts said. Since December, the federal funds rate has remained steady in a target range…
WASHINGTON – The Federal Reserve on Wednesday voted to hold its key interest rate steady as policymakers navigate their way through higher-than-expected inflation readings, mixed signs on the labor market – and a war. In a widely expected decision, the Federal Open Market Committee voted 11-1 to keep the benchmark federal funds rate anchored in…
NEW YORK — A year after the actor’s death, a generative AI version of Val Kilmer will co-star in an independent film, in one of the boldest uses yet of artificial intelligence in moviemaking. First Line Films announced Wednesday that Kilmer has posthumously joined the cast of a film titled “As Deep as the Grave.”…
Darlington was good to Denny Hamlin in 2025. In the spring race, he took the checkered flag and when the Cup Series went back in the fall, he finished seventh. And presently, the momentum is all his, as he comes into this weekend’s race after holding off the field for a big win at Las…
Check out the companies making the biggest moves midday: Williams-Sonoma — The home goods and furniture seller rose 6% on better-than-expected earnings. Williams-Sonoma earned $3.04 per share, beating an LSEG estimate of $2.90 per share. The company also raised its quarterly dividend by 15%. nVent Electric – The maker of electronics cabinets and cooling systems…
Signage outside Johnson & Johnson offices in Irvine, California, US, on Friday, Oct. 10, 2025. Kyle Grillot | Bloomberg | Getty Images Johnson & Johnson on Wednesday said the U.S. Food and Drug Administration approved its once-daily psoriasis pill, the first oral option to rival best-selling shots. The FDA approved the pill, Icotyde, to treat…
With Micron Technology set to report earnings after the bell Wednesday, analysts will looks for signs on whether the company can keep up with the outsized demand for its advanced memory chips. Micron manufactures high-performance DRAM and high-bandwidth memory chips, two pieces of hardware critical to powering AI data centers, making the company a beneficiary…
Tom Brady looks on prior to an NFL game between the Baltimore Ravens and the Dallas Cowboys at AT&T Stadium in Arlington, Texas, Sept. 22, 2024. Cooper Neill | Getty Images Sport | Getty Images JPMorgan Chase has recruited some of the biggest names in American sports to help tackle a persistent problem: professional athletes…
Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. Stocks tumbled on Wednesday following hotter-than-expected wholesale inflation data and rising oil prices caused by the Middle East conflict. Brent crude , the international benchmark, crept back up after…
VENICE, Italy — Neither Sofia Coppola nor Marc Jacobs were convinced a documentary was a good idea. Jacobs wasn’t sure he wanted to be the subject of one and Coppola wasn’t sure she wanted the pressure of being the person behind the camera. This was her friend of over 30 years, after all. What if…
