Federal Reserve Governor Lisa Cook signaled a cautious stance on further rate cuts, stating the current policy setting is only mildly restrictive and that the Fed should wait to assess the impact of previous easing amid evolving labor market and inflation data.
The Monetary Policy Committee is widely anticipated to maintain the Bank Rate at 3.75% in its first 2024 meeting, as policymakers balance stubborn price pressures against a fragile economic outlook, with future cuts remaining uncertain.
A seismic shift in the U.S. housing market delivered the largest buyer discounts in over a decade last year, a Redfin analysis shows. While much of California saw price relief, a cluster of Bay Area metros stubbornly bucked the trend, selling above asking in a stark display of regional economic resilience.
The global K-craze has propelled humble dried seaweed, or gim, to international fame, but surging demand is driving up costs and putting a staple food out of reach for some Koreans.
While Jati Tinggi Group Berhad (KLSE:JTGROUP) posted rising net income, a significant increase in shares outstanding has diluted per-share earnings, prompting market skepticism despite the seemingly positive headline figures.
CNBC's Jim Cramer voiced strong support for Amazon.com Inc. ahead of its quarterly report, arguing the e-commerce and cloud computing leader does not receive the market respect it deserves despite fierce competition.
CNBC's Jim Cramer singled out Alphabet Inc. (GOOGL) as a top-tier investment, praising its consistent performance and market-beating returns. He highlighted the tech giant's diversified strength across search, cloud, and AI as key drivers.
Merck & Co. saw its stock rise over 2% following a solid quarterly earnings report, even as its full-year guidance came in softer than some expected. CNBC's Jim Cramer highlighted the pharmaceutical giant as a top pick in the sector, pointing to underlying strength beyond the headline numbers.
CNBC's Jim Cramer has taken a contrarian stance on Chipotle Mexican Grill, suggesting the market's negative reaction to its latest earnings report is misguided and that the stock's recent comeback has more room to run.
Oscar Health's fair value estimate has been revised upward to $15.78, reflecting a measured recalibration of expectations amid a split analyst outlook. While some point to improved execution in core markets, others warn of persistent risks to profitability.
Snap Inc. reports a decline in daily active users for Q4 2025, even as revenue grows. The dip, attributed partly to geopolitical bans, comes at a pivotal moment as the company prepares to launch its AR Spectacles into a fiercely competitive market dominated by Meta.
While California's climate and scenery have long attracted retirees, a perfect storm of soaring costs—from housing and taxes to insurance and healthcare—is leading many seniors to question their move. Beyond the sunshine, the financial realities of life in the state are prompting widespread regret.
An investigation reveals the Baltimore City Health Department spent public funds on consultants who advised separate 'White caucus' and 'people of color caucus' meetings, igniting a debate on the methods and ethics of public sector DEI initiatives.
Under sharp questioning from Rep. Sean Casten, Scott Bessent, a key economic advisor to the Trump campaign, walked back his past written assertion that tariffs are 'inflationary,' correcting his testimony from earlier in the same hearing.
Florida drivers are facing another week of rising fuel costs, with the state average increasing for a second consecutive week. While prices remain below the national average, the upward trend is squeezing household budgets.
Backed by major investors, Zipline plans U.S. metro expansions as proposed federal regulations pave the way for widespread beyond-visual-line-of-sight drone operations, accelerating a shift in last-mile logistics.
Hospital leaders across Connecticut are mounting a fierce defense against a proposed increase in the state's provider tax, arguing that chronic Medicaid underpayments have pushed the healthcare system to a breaking point where new taxes could jeopardize care for vulnerable communities.
Yum! Brands announces the closure of underperforming Pizza Hut locations as part of a broader review, highlighting the chain's ongoing struggle to compete in a crowded market.
Nvidia CEO Jensen Huang predicts the AI revolution will fuel a historic infrastructure build-out, creating high-paying jobs for skilled trades. While wage growth is already evident, experts caution the sustainability of this boom hinges on addressing deep-seated labor shortages and long-term economic shifts.
UnitedHealth Group, already navigating a turbulent period, confronts a new challenge as federal regulators propose a near-flat payment increase for Medicare Advantage plans in 2027, threatening a key revenue driver for the healthcare giant.
