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Powell Letter Addresses White House Criticism of Fed Renovations
Federal Reserve Chair Jerome Powell in a Thursday letter countered criticisms leveled at the central bank by a top White House official over a $2.5 billion renovation project.
Netflix Earnings Soar Past Expectations. How a Weak Dollar Helped Boost Results.
Wall Street analysts are expecting earnings per share of $7.08, up from $4.88 last year, and revenue of $11.1 billion, up 16%.
The stock market isn’t waiting around for Aug. 1 to decide if tariffs will hurt consumers
Retail sales for June point to something the stock market already feels pretty confident about: U.S. consumers will keep spending, even if bigger tariff hit in August.
Netflix notches a record quarter and signals more growth ahead
Netflix posted record-setting revenue and earnings for the second quarter on Thursday. The streamer also raised its forecast for the year. Analysts are eyeing the platform's plans to scale through
Federal Reserve's Waller says central bank should cut rates at next meeting
A top Federal Reserve official said late Thursday that the central bank should cut its key interest rate later this month, carving out a different view than that of Chair Jerome Powell, who has been
A top Fed official, considered a candidate to replace Powell, keeps calling for a rate cut this month
A top official at the Federal Reserve on Thursday reiterated his call for an interest rate cut later this month, despite data showing ongoing resilience in the US economy and other central bankers
Asian shares mostly advance after Wall Street cruises to more records
Asian shares were mostly higher on Friday after Wall Street rose to records following better-than-expected updates on the economy and a mixed set of profit reports from big U.S. companies. Japan’s
Oracle looks to join an exclusive club as it approaches this financial milestone
Oracle Corp. is getting closer to achieving a feat accomplished by only 13 other U.S. companies. With the cloud giant’s stock rising 3.1% on Thursday, Oracle is within a hair of surpassing a $700
A lucky mistake made a Massachusetts lottery player a millionaire
Paul Corcoran of Fitchburg, Massachusetts took home $2 million after accidentally purchasing an extra Powerball ticket last week.
CNBC Daily Open: The U.S. economy does not look down and out
The U.S. consumer pushes back on recession fears. Despite the noise around tariffs and inflation fears, the U.S. economy seems to be holding its ground — for now. June retail sales came in stronger
'One Big Beautiful Bill' offers Americans lots of tax benefits. Here are a few to plan for
It's not tax season, but now that Trump's spending bill is final, it's a great time to plan, experts say. Don't overlook these new benefits.
When does arbitrage become market manipulation? India crackdown brings issue into focus
When does arbitrage edge into illegality? The line between arbitrage and market manipulation has long been one of the greyest areas in financial markets.
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