Chicago Federal Reserve President Austan Goolsbee said Friday that President Donald Trump’s latest tariff threats have complicated policy and likely put off changes to interest rates. In a CNBC interview, the central bank official indicated that while he still sees the direction of rates being lower, the Fed likely will be on hold as it…
Artistgndphotography | E+ | Getty Images If you own mutual funds, year-end payouts can trigger a surprise tax bill — even when you haven’t sold the underlying investment. But some lawmakers want to change that. Sen. John Cornyn, R-Texas, this week introduced a bill, known as the Generate Retirement Ownership Through Long-Term Holding, or GROWTH,…
A water tower at the U.S. Steel Corp. Edgar Thomson Works steel mill in Braddock, Pennsylvania, on Sept. 4, 2024. Justin Merriman | Bloomberg | Getty Images President Donald Trump on Friday cleared the merger of U.S. Steel and Nippon Steel, after the Japanese steelmaker’s previous bid to acquire its U.S. rival had been blocked…
United Airline flight attendants picketed outside Terminal B at Logan Airport Thursday morning seeking a new contract. John Tlumacki | Boston Globe | Getty Images United Airlines reached an “industry-leading” tentative labor deal for its 28,000 flight attendants, their union said Friday. The deal includes “40% of total economic improvements” in the first year and…
Cooling towers are seen at the nuclear-powered Vogtle Electric Generating Plant in Waynesboro, Georgia, on Aug. 13, 2024. Megan Varner | Reuters Nuclear power stocks surged Friday after President Donald Trump signed executive orders to overhaul the Nuclear Regulatory Commission and speed the deployment of new reactors in the U.S. Advanced reactor companies Oklo and…
Shares of Intuit closed up 8% on Friday, a day after the company reported quarterly results that beat analysts’ estimates and issued rosy guidance for the full year. Intuit, which is best known for its TurboTax and QuickBooks software, said revenue in the fiscal third quarter increased 15% to $7.8 billion. Net income rose 18% to…
Treasury yields retreated on Friday after President Donald Trump ramped up trade tensions with Europe. The 30-year Treasury yield was down 2 basis point at 5.041%. The 10-year Treasury shed 4 basis points to 4.515%. The 2-year yield was unchanged to 3.998%. One basis point is equivalent to 0.01%, and yields move inversely to prices. In a Truth…
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 Friday’s key moments. 1. Wall Street declined on Friday after President Donald Trump threatened Apple and the European Union with tariffs. “I don’t think it’s down enough,” Jim Cramer said, referring to the…
Employees of the Department of Health and Human Services (HHS) hug each other as they queue outside the Mary E. Switzer Memorial Building, after it was reported that the Trump administration fired staff at the Centers for Disease Control and Prevention and at the Food and Drug Administration, as it embarked on its plan to…
US President Donald Trump (r) and Apple CEO Tim Cook speak to the press during a tour of the Flextronics computer manufacturing facility where Apple’s Mac Pros are assembled in Austin, Texas, on November 20, 2019. Mandel Ngan | AFP | Getty Images President Donald Trump said in a social media post Friday morning that…
