U.S. Federal Reserve Chair Jerome Powell departs after holding a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, D.C., U.S., May 7, 2025. Kevin Lamarque | Reuters The Federal Reserve will look to reduce its headcount by 10% over the next couple of years, including … Read more
Cava on Thursday reported better-than-expected sales in its latest fiscal quarter, shaking off the malaise the broader restaurant industry has felt as consumers have cut back on dining. The Mediterranean chain said its same-store sales grew 10.8% in the three months that ended April 20, lifted by traffic growth of 7.5%. Analysts surveyed by StreetAccount … Read more
Federal Reserve Chair Jerome Powell speaks at the Thomas Laubach Research Conference held by the Federal Reserve Board of Governors on May 15, 2025 in Washington, DC. Andrew Harnik | Getty Images Federal Reserve Chair Jerome Powell said Thursday that longer-term interest rates are likely to be higher as the economy changes and policy is … Read more
[The stream is slated to start at 8:40 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell speaks Thursday morning to the Thomas Laubach Research Conference. The topic of Powell’s presentation will be the review the central bank is conducting this year … Read more
The Persian Gulf Star gas condensate refinery in Bandar Abbas, Iran, on Jan. 9, 2019. Ali Mohammadi | Bloomberg | Getty Images Oil prices fell sharply on Thursday on expectations that the U.S. and Iran may soon reach a deal over Tehran’s nuclear program. International benchmark Brent crude futures with July expiry were last seen … Read more
Peter Coker Sr. outside U.S. District Court in Newark, New Jersey, March 15, 2023. Dan Mangan | CNBC CAMDEN, N.J. — One of the defendants in the infamous $100 million New Jersey deli case was brutally attacked while in a Thai prison awaiting extradition in early 2023, his attorney said at his sentencing for securities … Read more
Inflation was slightly lower than expected in April as President Donald Trump‘s tariffs just began hitting the slowing U.S. economy, according to a Labor Department report Tuesday. The consumer price index, which measures the costs for a broad range of goods and services, rose a seasonally adjusted 0.2% for the month, putting the 12-month inflation … Read more
The FAA Air Traffic Control tower at Newark Liberty International Airport in Newark, New Jersey on May 7, 2025. Kena Betancur | AFP | Getty Images U.S. airlines will meet with the Federal Aviation Administration this week to discuss cutting flights at Newark Liberty International Airport after a series of equipment failures and air traffic … Read more
Justin Sullivan | Getty Images News | Getty Images Krispy Kreme stock plunged 24% on Thursday after the doughnut chain said it is “reassessing” its rollout with McDonald’s and pulled its full-year outlook in part due to economic “softness.” Krispy Kreme is not planning to launch its doughnuts in any additional McDonald’s locations in the … Read more
President Donald Trump on Thursday unveiled the broad outline of a trade agreement with the United Kingdom. Trump said in the Oval Office that the deal includes “billions of dollars of increased market access for American exports,” and said the UK will “reduce or eliminate numerous non-tariff barriers that unfairly discriminated against American products.” Specifics … Read more