Chicago Fed President Goolsbee says inflation is too high; Williams sees price pressures easing
In a live CNBC interview from his home district, Goolsbee declined to speculate on where he thinks interest rates are headed.
Microsoft lifts price of Xbox consoles due to soaring component costs
Microsoft said it’s increasing the price of Xbox game consoles after Apple announced price hikes for MacBooks and iPads.
Rafael Nadal says he won’t return to pro tennis following Serena Williams’ comeback
Rafael Nadal told CNBC Sport he has closed the chapter on playing pro tennis forever.
Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows
The personal consumption expenditures price index was expected to show a 4.1% annual increase.
GameStop’s CEO just sacrificed a $35 billion pay package. Here’s how it could impact his effort to buy eBay
Ryan Cohen has shared few details on how he’ll move forward with his $56 billion offer for eBay since the company rejected the proposal in May.
Chevron says no quick fix for gas prices as Trump takes on Big Oil: ‘It’s going to take time’
Her comments come shortly after President Donald Trump ordered an investigation into Big Oil, accusing them of “gouging” consumers.
Air con and building efficiency stocks rally as Europe bakes in extreme heat
The latest heat wave has underscored the need for efficient technologies and adequate power supply to keep Europe cool.
Despite Trump trade rhetoric, Asian investors keep betting on U.S.: Former House Majority Leader Eric Cantor
Cantor said that investment flows still have “so much” allocation to the U.S., because investors recognise that the country was still one with a “rule of law.”
Anthropic’s latest hiring spree reveals where it’s building AI data centers next
The AI lab is hiring for AI data center roles in Australia and Japan as it rushes to expand compute capacity overseas.
Rescue work underway after quakes rock Venezuela, ‘high casualties’ likely
A magnitude 7.2 earthquake struck about 100 miles west of Caracas, with a magnitude 7.5 tremor hitting less than a minute later, according to the U.S. Geological Survey.
