U.S. President Donald Trump's tariff policies are making the path ahead for European Central Bank interest rates "more complicated," according to Pierre Wunsch, member of the ECB's Governing Council."We were going in the right direction. And I was actually quite relaxed," he told CNBC's Karen Tso on Thursday on...
Treasury Secretary Janet Yellen speaking with CNBC's Sara Eisen (not shown) at the U.S Treasury Department on Jan. 8th, 2024.CNBCFormer Treasury Secretary Janet Yellen will be joining an advisory board for bond giant Pimco, CNBC has learned.Joining other prominent officials in the world of economics and finance, Yellen, who...
Check out the companies making headlines in midday trading: GameStop — The meme stock soared about 15%. On Tuesday, GameStop's board announced it had unanimously approved a plan to buy bitcoin with a portion of its corporate cash, following a similar move by MicroStrategy. Dollar Tree — The discount...
People take pictures of the U.S. Treasury Department building in Washington, D.C., on Feb. 6, 2025.Mandel Ngan | AFP | Getty ImagesThe Treasury Department is planning to furlough a "substantial" level of its workforce in conjunction with Elon Musk's efforts to shrink the size of the federal government, according...
Check out the companies making headlines in premarket trading. GameStop — The meme stock surged 16% a day after the company's board announced it had approved a plan to buy bitcoin and stablecoins with a portion of its corporate cash, in a move similar to that of MicroStrategy. Dollar...
Rachel Reeves, UK chancellor of the exchequer, outside 11 Downing Street ahead of presenting her budget to parliament in London, UK, on Wednesday, Oct. 30, 2024. Bloomberg | Bloomberg | Getty ImagesHome improvement retailer Kingfisher became the latest British company to report a negative impact from U.K. Finance Minister Rachel...
Check out the companies making headlines in midday trading. KB Home — Shares of the homebuilder fell more than 4% after the company posted a top- and bottom-line miss in the first quarter. KB Home earned $1.49 per share on revenue of $1.39 billion. Analysts polled by LSEG were...
Shoppers walk near a Nordstrom store at the Westfield UTC shopping center on Jan. 31, 2025 in San Diego, California.Kevin Carter | Getty ImagesConsumer confidence dimmed further in March as the view of future conditions fell to the lowest level in more than a decade, the Conference Board reported...
Check out the companies making headlines before the bell. UniFirst – The stock tumbled more than 10% after Cintas terminated discussions to acquire the workwear provider in a deal that would have been worth $275 per share in cash. In a statement, Cintas CEO Todd Schneider said, "While we...
U.S. dollar banknotes and a label with the word "Recession" are seen in this illustration taken March 19, 2025. Dado Ruvic | ReutersChances that the U.S. is heading for a recession are close to 50-50, according to a Deutsche Bank survey that raises more questions about the direction of the...