BlackRock warns that investors are making a mistake by betting on the Fed to cut rates
The expectation for cuts would be consistent with a recession and an accompanying fall in inflation.
CNBC US News
With 62% of Americans living paycheck to paycheck amid inflation, more people have a side job
As it gets harder to keep up with higher prices, more people have picked up a side job to improve their financial standing, according to a new report.
Home prices cool in January, even falling in some cities, S&P Case-Shiller says
Prices have been falling for seven straight months, but the decline was a bit smaller in January likely due to a brief drop in mortgage rates.
Amazon sellers are using ChatGPT to help write product listings in sprawling marketplace
ChatGPT is being used by Amazon sellers to write listings, come up with catchy titles and brainstorm new products.
Energy agency chief warns transition to renewables is way off track, issues warning on stranded assets
The energy transition is off track to prevent the worst impact of the climate emergency, according to the head of the International Renewable Energy Agency.
Amazon seller consultant admits to bribing employees to help clients; will plead guilty
In 2020, federal officials charged six individuals, including Ephraim Rosenberg, with conspiracy to commit bribery.
Virgin Orbit extends unpaid pause as Brown deal collapses, 'dynamic' talks continue
The company's late-stage deal talks, including with private investor Matthew Brown, collapsed over the weekend, people familiar with the matter told CNBC.
Watch now: ETF Edge on following the fixed income flows
Most Americans think Trump did something illegal or unethical, poll finds
Most Americans also think the probes of Trump — which are ongoing at the local, state and federal levels — are fair, the poll results showed.
Supreme Court refuses appeal by lawyer jailed for contempt in $9.5 billion Chevron environmental case
Two conservative Supreme Court justices, Neil Gorsuch and Brett Kavanaugh, would have heard the appeal by Steven Donziger, who sued Chevron.
Disney layoffs will begin this week, CEO Bob Iger says in memo
Disney CEO Bob Iger notified employees in a memo that job losses will begin this week.
Chipotle to pay ex-employees $240,000 after closing Maine location that tried to unionize
Chipotle Mexican Grill has agreed to pay $240,000 to the former employees of an Augusta, Maine, location that tried to unionize.
Fed's Barr calls Silicon Valley Bank failure a 'textbook case of mismanagement'
The Federal Reserve's top banking regulator said Monday that the failure of Silicon Valley Bank was due largely to mismanagement.
BioNTech shares slip on gloomy Covid vaccine sales outlook
The shares initially fell by 6.4% to an intraday low of $119.98 a share before recovering most of those losses in late morning trading.
Microsoft says its new version of Teams is twice as fast
Microsoft is starting to test its new version of Teams for Windows. The new version will be twice as fast, the company said.
The digital media rollup dream is dead for the moment — now it's all about core brand strength
BuzzFeed, Vice, Vox Media and Bustle Digital Group are sharpening their focus to enhance core strengths.
Deposit drain from smaller banks into financial giants like JPMorgan Chase has slowed, sources say
Uncertainty caused by the collapse of Silicon Valley Bank this month triggered outflows and plunging share prices at peers including First Republic and PacWest.
Nearly $100 billion in deposits pulled from banks; officials call system 'sound and resilient'
Regulators again assured the public that the system is safe, as data showed customers pulled nearly $100 billion in deposits.
Historic UAW election picks reform leader who vows more aggressive approach to auto negotiations
The union's new leader will be Shawn Fain, a member of the "UAW Members United" reform group and local leader for a Stellantis parts plant in Indiana.
Why there may be no return to 'normal' for the U.S. used vehicle market
A notable decline in used vehicle prices toward the end of last year has been roughly cut in half in 2023, as inventories remain lower and prices are high.
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