Economy

Sen. Mike RoundsR-S.D., a member of the Senate banking committeesaid on CNBC’s “Squawk Box” on Thursday that Federal Reserve Chairman Kevin Warsh struck the right tone in an appearance before the panel this week. “I think his message was a good message. He started off by talking about the need to get inflation under control […]

The Netflix logo is seen on the roof of an office building in Los Angeles, California, on April 16, 2026. Michael Yanow | Nurphoto | Getty Images Netflix reported second-quarter revenue and earnings that were roughly in line with analyst estimates on Thursday as Wall Street is keeping a close eye on the company’s advertising […]

Acting Attorney General Todd Blanche appears at his confirmation hearing in front of the Senate Judiciary Committee on Capitol Hill July 15, 2026 in Washington, DC. Eric Lee | Getty Images Two Republicans on the Senate Judiciary Committee on Thursday said they remained undecided about voting to confirm Todd Blanche for U.S. attorney general, endangering […]

A Nvidia chip during the Taipei Computex expo in Taipei, Taiwan, on May 29, 2023. Bloomberg | Bloomberg | Getty Images Asia-Pacific stocks had a good run in 2024, with most major markets ending the year in positive territory, as the region’s central banks eased monetary policy while an AI boom lifted tech stocks. Taiwan’s […]

Itamar Ben Hemo didn’t have to join the war. At age 49, the Israeli tech entrepreneur was well outside of the range of mandatory service. But following last year’s Oct. 7 attack by Hamas, Ben Hemo signed up as a reservist, confident that his experience fighting as a paratrooper in Lebanon in 2006 made him […]

U.S. President Joe Biden delivers remarks during the Tribal Nations Summit at the Department of the Interior in Washington, D.C., U.S., December 9, 2024. Elizabeth Frantz | Reuters The Biden administration has withdrawn two major plans to deliver student loan forgiveness. The proposed regulations would have allowed the secretary of the U.S. Department of Education […]

Stripe and Advent International have made a joint offer to buy PayPal in a deal valued at $53.4 billion, CNBC’s David Faber confirmed Wednesday. Shares of PayPal closed 17% on the news. The companies made a $60.50 per share cash offer for the payments firm, according to people familiar with the deal, who asked not […]

CNBC’s Jim Cramer said Wednesday that it’s time for companies to prove artificial intelligence is paying off. “I need cold hard return facts,” the “Mad Money” host said. “Or, I, too, will grow more skeptical than I am now.” The AI boom has fueled massive spending by technology companies, and there’s no end in sight. […]

Federal Reserve Chairman Kevin Warsh testifies during a Senate banking committee hearing on Capitol Hill, in Washington, July 15, 2026. Ken Cedeno | AFP | Getty Images Federal Reserve Chairman Kevin Warsh on Wednesday declined to say in a Senate banking committee hearing whether he has spoken with President Donald Trump since becoming chairman, but […]

Federal Reserve Chairman Kevin Warsh testified Wednesday before the Senate banking committee, facing questions over the economy and how various factors might impact interest rates. As part of congressionally mandated Capitol Hill appearances for the central bank leader, Warsh spoke Tuesday to the House financial services committee. During his remarks, he reaffirmed the Fed’s commitment […]