The Fed Just Told You Something More Important Than Its Decision
According to CNBC, the Federal Open Market Committee voted 9-3 to hold the federal funds rate in its current range of 3.5%-3.75%. The hold was expected.
News Wire
-
-
Economic Wire: Microsoft is set to report earnings after the bell, and all
According to CNBC, investors are watching Microsoft’s after-the-bell earnings report closely, with the primary focus on capital expenditure guidance after Alphabet recently raised its own spending…
-
Economic Wire: U.S. Strategic Petroleum Reserve faces stress as emergency r
According to CNBC, the U.S. Strategic Petroleum Reserve, which holds up to 714 million barrels of crude in salt caverns along the Gulf Coast, is showing signs of physical stress after repeated…
-
Shein’s FTC Problem Is the Least of Its IPO Worries
According to CNBC, Shein disclosed in filings related to its planned Hong Kong IPO that the Federal Trade Commission is investigating its U.S. business. The nature of the probe is unclear.
-
When Oil Falls on Peace Talks, Watch What the Economy Is Actually Telling You
According to CNBC, U.S. crude oil has slipped below $80 as Iran opens diplomatic conversations with Saudi Arabia and Oman about the Strait of Hormuz, the narrow waterway through which roughly 20% of…
-
Economic Wire: Coca-Cola tops earnings estimates, hikes full-year outlook a
According to CNBC, Coca-Cola beat earnings estimates in Q2 2026 and raised its full-year outlook, with shares up 19% this year, outpacing the S&P 500. The headline writes itself.
-
Economic Wire: Intel’s stock jumps 11% as chipmaker rides AI boom to fastes
According to CNBC, Intel reported blowout second-quarter earnings Wednesday, with revenue growth hitting its fastest pace in nearly 15 years, sending shares up 11%.
-
Economic Wire: Tesla, Alphabet lose hundreds of billions in value in post-e
According to CNBC, both Tesla and Alphabet lost hundreds of billions in combined market value Wednesday after their earnings reports, with both companies signaling sharply higher spending on…
-
Economic Wire: Brent crude crosses $100 after tankers reportedly struck off
According to CNBC, Brent crude crossed $100 per barrel after reports of tanker strikes off Saudi Arabia, with President Trump simultaneously threatening to bomb Iranian infrastructure.
-
Economic Wire: IBM lowers full-year forecast after earnings warning
According to CNBC, IBM lowered its full-year revenue forecast alongside its Q2 earnings report, and is now leaning on artificial intelligence, including a new internal coding tool called Bob, to…
-
Economic Wire: Kevin Warsh has homed in on three key phrases. How Fed watch
According to CNBC, Kevin Warsh has made five public appearances since being nominated as Fed chair, and he keeps reaching for the same three phrases: “family fight” (13 times), “first principles”…
-
Economic Wire: Houthis deploy missiles and drones to attack ships in southe
According to CNBC, Houthi forces have resumed missile and drone attacks on commercial ships transiting the Bab el-Mandeb strait, the narrow chokepoint where the Red Sea meets the Gulf of Aden.
-
Economic Wire: Trump’s generic drug tariffs: What they could mean for medic
According to CNBC, the Trump administration’s proposed tariffs on generic drugs are raising serious questions about medicine prices, U.S.
-
Economic Wire: Oil prices jump 4% as Rubio says U.S. will ‘continue to prot
According to CNBC, U.S. forces have struck Iran for 11 consecutive days, with Secretary Rubio framing the campaign around degrading Iran’s ability to threaten commercial shipping.
-
Economic Wire: GM beats on earnings, raises guidance amid ‘resilient’ consu
According to CNBC, General Motors beat Wall Street’s earnings expectations in Q2 2026 and raised its full-year guidance, with analysts having expected adjusted EPS of $3.20 and revenue of $47.
