Economy

U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee (FOMC) at the headquarters of the Federal Reserve on September 21, 2022 in Washington, DC.Drew Angerer | Getty ImagesThe Federal Reserve is expected to pause or skip — depending on whichever term you prefer… […]

An electronic stock board displayed inside the Kabuto One building in Tokyo, Japan, on Thursday, June 27, 2024. Bloomberg | Bloomberg | Getty Images Japan’s benchmark indexes nosedived on Friday, with most Asia-Pacific markets lower after a sell-off on Wall Street overnight on recession worries. The Nikkei 225 tumbled 5.81% to end at 35,909.7, marking […]

Apple CEO Tim Cook opens WWDC 2024 in Cupertino, California, on June 10, 2024. Source: Apple The topic of greatest interest to analysts on Apple’s quarterly earnings call on Thursday was a product that’s not even available to the general public yet. Apple Intelligence, the company’s forthcoming artificial intelligence system, could spur a fresh cycle […]

In an aerial view, the Kayenta Solar Plant is seen on June 23, 2024 in Kayenta, Arizona. Brandon Bell |  Getty Images Shares of Nextracker dropped in extended trading Thursday as questions about the solar technology firm’s backlog of projects overshadowed its better-than-expected quarterly results. […]

Intel CEO Pat Gelsinger holds a sample of a wafer during his keynote speech at the Computex conference in Taipei on June 4, 2024. I-hwa Cheng | AFP | Getty Images Intel shares slid as much as 20% in extended trading on Thursday after the chipmaker said it would lay off over 15% of its […]

Andy Jassy, chief executive officer of Amazon.Com Inc., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon is pointing to an unusually busy news cycle as one of the drivers behind its weak revenue forecast. On a call with reporters following the […]

Silvio Berlusconi gestures before a 2016 soccer match between his AC Milan and SS Lazio in Milan, Italy.Marco Luzzani | Getty ImagesSilvio Berlusconi, the billionaire media mogul who served as Italian prime minister multiple times between 1994 and 2011, has died. He was 86.Berlusconi died at the San Raffaele Hospital in Milan, according to local… […]

JPMorgan Chase is prepared to pay $290 million in a settlement with victims of the late sexual predator Jeffrey Epstein, a person familiar with the matter told CNBC on Monday.The settlement does not include an admission of liability by the bank, the person said.The announcement of the settlement came just hours before a judge ruled… […]

Offices of Illumina, San Diego, California.Mike Blake | ReutersCheck out the companies making headlines in premarket trading.Nasdaq — The exchange operator’s shares dropped 7.7% following the announcement of its deal to buy Adenza, the software firm owned by Thoma Bravo. The deal, valued at about $10.5 billion, would be Nasdaq’s largest acquisition as the company… […]