Author: Leslie Stewart

People shop at a grocery store in Brooklyn, New York City, December 12, 2025.Spencer Pratt | Getty ImagesWall Street is awaiting Thursday’s release of the November Consumer Price Index report, which will be the first reading for the period since the record U.S. government shutdown ended last month.The report, which tracks average changes in the prices people pay for a variety of goods and services, expects 12-month inflation to be 3.1%, according to economists surveyed by Dow Jones. Core CPI excluding food and energy is expected to grow at 3.0% annually.The Bureau of Labor Statistics said the release “does not…

The U.S. government has acknowledged in court documents its failures that led to a midair collision between a passenger plane and a military helicopter in January that killed a total of 67 people.The government acknowledged responsibility in a court filing Wednesday for the Jan. 29 crash between American Eagle Flight 5342 and an Army Black Hawk helicopter as it was landing at Ronald Reagan Washington National Airport.”The United States has acknowledged that it owed and breached its duty of care to Plaintiffs, thereby directly causing the tragic accident,” government lawyers said in their filing.The admission of liability was filed in…

IE11 is not supported. For the best experience, please visit our site in a different browser.Currently playingFIFA offers World Cup tickets for $60 after backlash00:18to the nextPresident Trump adds 5 countries to travel ban list00:26Bipartisan bill proposed to curb AI robocalls00:27Floods and subzero temperatures in the lives of babies in Gaza02:47President Trump expected to sign order reclassifying marijuana00:20Key takeaways from Susie Wiles’ Vanity Fair interview00:50MIT professor shot dead at home in Massachusetts00:19Warner Bros. tells shareholders to reject Paramount’s bid00:23Drone company rescues dog missing for 9 days00:59Ukraine launches maritime drone attack on Russian submarine00:20Man arrested for towing car with 4-year-old child…

(The stream is scheduled to begin at 8:15 a.m. ET. CNBC TV will begin the stream once the event begins. If you don’t see the player above, refresh the page.)Federal Reserve President Christopher Waller is scheduled to speak at Yale University’s CEO Summit on Wednesday.Waller is one of five finalists being considered to replace Federal Reserve Chairman Jerome Powell when his term expires in May. He is scheduled to be interviewed by President Donald Trump this week, according to CNBC’s Steve Reisman. However, President Trump has indicated that Kevin Warsh and Kevin Hassett are the frontrunners to replace Powell. Waller,…

IE11 is not supported. For the best experience, please visit our site in a different browser.Currently playingPresident Trump orders blockade of oil tankers entering and exiting Venezuela05:45to the nextWH chief of staff Susie Wiles denies Vanity Fair’s ‘hit story’03:10Republicans need to ‘stand up’ for leadership amid health care fight: Democratic caucus chairman06:13President Trump’s post about Rob Reiner’s death draws bipartisan criticism02:17NBC News poll: Economy remains top concern, most Americans are spending less on holiday gifts03:34Kornacki: New poll shows Democrats ‘widening their lead’ on key issues03:21Authorities ‘scouring’ for video evidence to identify Brown University shooter: Rhode Island AG11:22Bush v. Gore: Meet…

National Economic Council Director Kevin Hassett, one of the finalists for Federal Reserve chair, on Tuesday voiced support for central bank independence.With President Donald Trump appearing to be in the final stages of choosing a successor to Jerome Powell at the Federal Reserve, Hassett declined to directly address his candidacy in an interview with CNBC, but said building consensus is an important part of his job.”The independence of the Federal Reserve Board is really, really important, and the voices of other people (on the Federal Open Market Committee) are important, too,” he said. “This means we need a consensus based…

A job seeker speaks with a recruiter at the KeySource booth at the Mega Job News USA South Florida Job Fair at Amerant Bank Arena on April 30, 2025 in Sunrise, Florida.Joe Radle | Getty ImagesNonfarm payrolls grew slightly more than expected in November but slumped in October, with the unemployment rate hitting a four-year high, the Bureau of Labor Statistics said Tuesday in numbers delayed by the government shutdown.Job growth for the month was a seasonally adjusted 64,000 jobs, higher than the Dow Jones Industrial Average’s forecast of 45,000 jobs and an increase from a sharp decline in October.The…

WASHINGTON – White House Chief of Staff Susie Wiles said the administration’s charges against New York Attorney General Letitia James could be “retaliation” and that “if there is an opportunity” to retaliate against President Donald Trump, “she would retaliate,” Vanity Fair reported in a new profile of the chief of staff.Vanity Fair published a two-part profile of the chief of staff on Tuesday, based on an extensive series of 11 interviews with Wiles over the course of a year. Mr. Wiles, who grants few public interviews and generally avoids the spotlight, provided rare insight into the thinking of one of…

The Financial Conduct Authority has said that introducing regulations on advice regarding cryptocurrencies may be considered in the future.Today (16 December), the regulator launched a consultation on its market regulation plan. FCA representatives told a press conference that the regulator plans to take a similar approach to traditional finance, with rules expected to be introduced in 2027. Areas being discussed by the FCA include listing rules for crypto assets and the information that must be provided to investors, standards for trading platforms, and requirements for brokers and other intermediaries to act responsibly. Recommended FCA launches “exciting and ground-breaking” stablecoin sandbox…

Officials prepare for the arrival of China’s Vice Premier Ding Xuexiang and EU Executive Vice President for Clean, Fair and Competitive Transition Teresa Rivera on the occasion of the 6th China-EU High-Level Environment and Climate Dialogue (HECD) held at the Diaoyutai Guest House in Beijing on July 14, 2025.Wang Zhao | AFP | Getty ImagesChina on Tuesday announced lower tariffs on pork imports and pork by-products from the European Union, following the conclusion of a year-long anti-dumping investigation into European pork imports. The new tariffs on dozens of European pork exporters range from 4.9% to 19.8% and will go into…