The message top corporate CFOs are sending directly to Fed presidents: Don’t pause. Just stop
Chief financial officers at major corporations have been telling Federal Reserve presidents that it is time to stop interest rate hikes, not simply pause them.
Climate change has fueled larger wildfires in California, scientists say
Scientists estimate the area burned during an average summer could rise as much as 50% by 2050 as hotter and drier conditions intensify California wildfires.
Apple shares hit an all-time high. What Wall Street says happens from here
As Apple sets new records, Wall Street remains conflicted over the trajectory for shares in the near term.
Easing inflation pressures give the Fed room to skip a rate hike. But then what?
Policymakers can take a month to assess the impact of the previous 10 interest rate increases.
Here’s the inflation breakdown for May 2023, in one chart
The consumer price index rose at its slowest pace in two years in May, the U.S. Bureau of Labor Statistics said Tuesday.
What does it take to be wealthy? Well-being is a more important measure than money or assets, survey finds
A new Charles Schwab survey finds well-being, not money, has become the leading measure of wealth for most adults today.
Europe stocks close higher with central bank meetings in focus; gilt yields surge on UK labor data
European stock markets ended the day higher Tuesday as investors digested strong U.K. labor figures and U.S. inflation data.
‘Aggressive’ China cyberattacks are the ‘defining threat’ of our time, top U.S. cyber official says
Chinese hackers could threaten critical pipelines and transport infrastructure in the event of open conflict, CISA director Jen Easterly warned.
The whole world wants A.I. — and the market will deliver, Sam Altman says
“We’re going to make models more efficient. We’re going to make way more chips,” said OpenAI CEO Sam Altman in Singapore.
Nvidia-backed platform that turns text into A.I.-generated avatars boosts valuation to $1 billion
Artificial intelligence-based video generation platform Synthesia has raised $90 million from investors including Nvidia, the company told CNBC exclusively.
