Trump says he still has confidence in Fed Chair Warsh, demands 1% or lower interest rates
President Donald Trump previously threatened to cut off trade with countries that have trade surpluses with the U.S. if the Fed doesn't cut interest rates.
House advances bill to rein in AI data center utility costs
The bipartisan legislation would create a regulatory framework states could adopt to prevent data center-related energy costs from being passed on to consumers.
House votes to hold Leon Black in contempt of Congress over Epstein subpoenas defiance
Billionaire Leon Black is suing the House Committee on Oversight and Government Reform seeking to block subpoenas it issued him in its probe of Jeffrey Epstein.
OpenAI reports 6 new instances of 'concerning model behavior' since March
OpenAI has disclosed six new cases of model misbehavior and offered a framework for disclosing future instances, as the debate over AI model safety intensifies.
House passes sweeping Russia sanctions bill honoring Lindsey Graham, sends to Trump
The Lindsey Graham Russia sanctions bill is on a path to become law after the House votes in favor.
Amazon obtains right to buy stock in Generac, boosting power company's share price by over 40%
Amazon was granted warrants to buy up to $340 million worth of Generac stock as part of a deal to supply backup power generators for its data centers.
Trump's Kennedy Center closure is 'unlawful,' Rep. Beatty tells judge in emergency hearing request
President Donald Trump says renovations at the Kennedy Center will not occur until the courts allow his name to be restored on the performing arts center.
Hyperscaler debt signals warning sign, Apollo cautions
Credit default swaps for companies building data centers are getting pricier, and it's not because banks are hedging more of their bets.
'Science fiction': Transport companies — the backbone of economy — are sounding alarm on fuel prices
Prices for diesel, the fuel type used to power trucks and trains, came in at an all-time high of $6.31 per gallon on Wednesday.
Boeing CEO: 737 Max production taking 'a little bit longer' to stabilize than expected
Boeing CEO Kelly Ortberg said wing production at its Renton, Washington, factory is a hold up, adding the company has plans to address it.
Jeff Gundlach says the Fed should have hiked rates by more to fight rising inflation
The Fed should have hiked rates by half percentage point rather than a quarter, the investor told CNBC.
10-year Treasury yield climbs back to 5% after Fed hikes rates, Warsh highlights inflation risks
The 10-year yield moved above the 5% mark after a Federal Reserve rate increase and comments from Chairman Kevin Warsh highlighting persistent inflation risks.
Hegseth avoids impeachment vote with early House election recess
The House won't take a vote on impeaching Defense Secretary Pete Hegseth after House leaders decided to leave Washington a day earlier than planned.
Here is what changed in the new Fed statement under Warsh
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in July.
White House chief of staff Susie Wiles says she's cancer free
Susie Wiles oversaw Trump’s winning 2024 presidential campaign and has wielded major influence in his second administration.
Analysis: How Trump could reignite the Fed independence fight after Warsh's rate hike
The Federal Reserve unanimously raised interest rates by a quarter point despite repeated calls from President Donald Trump for lower rates.
Fed delivers its first hike in 3 years. Plus, what's moving Starbucks and GE Vernova
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Fed raises rates: What it means for your credit cards, mortgages, savings accounts and auto loans
The Fed's quarter-point rate hike will impact a range of consumer borrowing and savings costs, including mortgages, credit cards, car loans and deposit rates.
Anthropic policy chief says AI companies can't be expected to operate on 'honor code'
Sarah Heck, Anthropic's head of public policy, offered her perspectives on AI safety as the debate about how to regulate model development intensifies.
Consumers hit by one-two punch of oil and rates from Iran war. The estimated bill is $1,700 per household
Rising oil prices and Treasury yields are lifting energy and borrowing costs for U.S. households, pushing consumers to draw more heavily on savings.
Living abroad doesn't end your U.S. tax obligations. What young expats need to know
Americans living overseas may still face U.S. tax-filing and foreign-account reporting rules — even when they ultimately owe no U.S. income tax.
Trump donor Harold Hamm's Continental Resources to develop oil region in Venezuela
Continental said it undertook an "independent evaluation of opportunities" in Venezuela after President Donald Trump called for the industry to invest.
Sen. Blumenthal urges AI oversight: 'We're on the verge of losing control'
The Trump administration argues that beating China in the race to AI dominance is an all-important goal.
American Airlines says 30% of seats drive half of revenue as premium cabin rush heats up
American says a minority of its seats now accounts for half of its revenue.