‘Bite of these higher rates is gaining traction almost every day,’ KBW CEO Thomas Michaud warns
KBW CEO Thomas Michaud warns the economy hasn’t fully absorbed higher interest rates yet.
Asia markets to rise as investors digest the Fed’s hawkish pause in rate hikes
The Fed held its benchmark policy rate at 5-5.25%, breaking a streak of 10 straight increases.
France sees global A.I. regulation ideas by the end of this year, wants to work with U.S. on tech laws
French President Emmanuel Macron called for “global regulation” around artificial intelligence, even as the European Union pushes forward with its own laws.
Disney World is packed, but lines can be short — if you follow several tips
The easiest ways to avoid lines at Disney World cost money. But paying for them is worth every cent, says CNBC’s Travel Editor Monica Pitrelli.
Apple’s Vision Pro or Meta’s Quest? Analysts prefer one to play the future of VR tech
Analysts weight in on which Big Tech company is likely to make VR to be the next big thing in consumer electronics
CNBC Daily Open: The Fed paused, but so did markets
Don’t see the Fed leaving interest rates unchanged as something positive.
New Zealand enters technical recession after economy shrank 0.1% in the first quarter
New Zealand’s economy contracted 0.1% in the first quarter of 2023, marking the second consecutive quarter-on-quarter decline for the economy.
S&P 500, Nasdaq rally for sixth straight day as traders hope Fed’s rate-hiking cycle is nearly over: Live updates
Investors are betting the Federal Reserve is close to done raising rates after the central bank this week skipped an increase.
Diablo IV crosses $666 million in sales in five days, a record for Activision’s Blizzard
The record-breaking sales provide some solace as the company faces a pending battle with the Federal Trade Commission over a planned acquisition by Microsoft.
The Fed forecasts two more hikes in 2023, taking rates as high as 5.6%
The Federal Reserve paused its hiking campaign in June, but forecast it will raise interest rates as high as 5.6% before 2023 is over.
