Economy

The Federal Reserve Bank buildingKevin Lamarque | ReutersWhat the federal funds rate means to youThe federal funds rate, which is set by the U.S. central bank, is the interest rate at which banks borrow and lend to one another overnight. Although that’s not the rate consumers pay, the Fed’s moves still affect the borrowing and… […]

The Federal Reserve on Wednesday approved its 10th interest rate increase in just a little over a year and dropped a tentative hint that the current tightening cycle is at an end.In a unanimous decision widely expected by markets, the central bank’s Federal Open Market Committee raised its benchmark borrowing rate by 0.25 percentage point.… […]

Dan Rosensweig, CEO, CheggScott Mlyn | CNBCChegg’s stock returned to the plus side on Wednesday after the online education company lost half its value a day earlier due to concerns about the potential impact of ChatGPT on its business.As of early afternoon New York time, Chegg shares were up 17% to $10.63. But that’s still… […]

Acting U.S. Attorney General Todd Blanche speaks during a press conference hosted with U.S. Secretary of Homeland Security Markwayne Mullin on unaccompanied minors and prosecuting their sponsors, at the Justice Department, in Washington, D.C., U.S., June 11, 2026. Evelyn Hockstein | Reuters The Department of Justice rebuffed a federal judge’s request to attest in writing […]

The Strip, The Sphere and full replica of the Eiffel Tower in daytime Strekoza2 | Istock Editorial | Getty Images A sparsely-populated state known for its world-class casinos and dry desert climate has been a bright spot in the tepid U.S. job market. Nevada’s workforce grew 1.9% from April 2025 to 2026, the highest of […]

Subscribe to CNBC PRO Subscribe to Investing Club Licensing & Reprints CNBC Councils Select Personal Finance Join the CNBC Panel Closed Captioning Digital Products News Releases Internships Corrections About CNBC Site Map Podcasts Careers Help Contact News Tips Got a confidential news tip? We want to hear from you. Get In Touch CNBC Newsletters Sign […]

(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) NetJets’ first fatal crash kills influential Texas VC founder NetJets says it will not speculateon what caused one of its planes tocrash onto […]

At least 20 oil tankers have crossed the Strait of Hormuz since the U.S. and Iran began to reopen the sea lane to commercial ship traffic, according to the trade intelligence firm Kpler. Tanker transits on Thursday hit the highest level since June 2, the firm said. However, traffic is still below prewar levels when […]

CNBC’s Jim Cramer on Friday walked investors through next week’s Wall Street action, highlighting earnings from Oracle , Broadcom and GameStop as well as new inflation data. “Look, I’m trying to get my arms around a market that takes up all sorts of crypto, lots of unprofitable companies — never too great a sign for […]

Closed circuit screenshots of a person of interest in the UnitedHealthcare CEO killing. Source: NYPD Police believe the person of interest being sought in connection to the killing of UnitedHealthcare CEO Brian Thompson left New York City shortly after the slaying Wednesday, on a bus from upper Manhattan. New York Police Department Commissioner Jessica Tisch […]