Cleveland Fed President Hammack expects interest rates to stay on hold ‘for a good while’
The central bank official advocated a patient approach as officials watch incoming data for clues about where the U.S. economy is heading.
Mortgage applications rise as rates fall to one-month low
Mortgage rates fell to the lowest level in a month, boosting refinance activity and offsetting weak demand from homebuyers.
Kalshi, Polymarket lobby as insider trading, betting eyed by Congress
Prediction markets have boomed, inviting increased scrutiny from regulators and Congress.
Snap’s stock jumps on plans to axe 16% of its workforce citing AI efficiencies
Snap was up in premarket trading on Wednesday after announcing plans to lay off up to 16% of its global workforce citing AI-driven efficiencies
NAACP sues Elon Musk’s xAI over Memphis data center air pollution
Elon Musk, who is the world’s richest person, has been counting on the greater Memphis area to serve as the backbone for xAI’s buildout.
Eric Swalwell investigated for alleged rape of Lonna Drewes, LA County Sheriff’s Dept. says
Eric Swalwell already faced a pending criminal investigation by the Manhattan DA’s office over an allegation of sexual assault by another woman.
What a United-American merger would mean, from antitrust hurdles to airfare
United Airlines CEO Scott Kirby reportedly floated a potential merger with Trump administration officials earlier this year.
A ‘systemic’ jet fuel shortage is brewing in Europe — and flights could be hit hard
‘We’ve seen constraints in countries like Vietnam and Thailand on air travel, but this is also spilling over to Europe,’ an ING analyst told CNBC.
Wholesale prices rose 0.5% in March, much less than expected despite war impact
The producer price index was expected to increase 1.1% in March, according to the Dow Jones consensus estimate.
Fed nominee Warsh filings detail vast wealth, far exceeding past chairs
Kevin Warsh, nominee to lead the Federal Reserve, detailed his holdings in newly released financial disclosures.
