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Politics
Warsh’s plan for a more opaque Fed put to the test by markets on edge
We'll learn a lot Wednesday about whether new Federal Reserve Chairman Kevin Warsh's decision to be less clear about the outcome of the meeting is a better way to make monetary policy.Those lessons could come in the amount of market…
Divided Fed holds interest rates steady
WASHINGTON – The Federal Reserve on Wednesday voted to hold its key interest rate steady but not without opposition from three officials who have expressed concern over inflation and wanted to hike.Despite increasing support among some…
Todd Blanche nomination on edge over Trump, IRS settlement
Acting Attorney General Todd Blanche gives opening remarks during a Senate Judiciary Committee confirmation hearing on his nomination to be Attorney General, at the Dirksen Senate Office Building in Washington, DC on July 15, 2026.…
Treasury yields rise as Wall Street awaits Fed’s rate decision
U.S. Treasury yields rose Wednesday, with oil prices jumping ahead of the Federal Reserve's interest rate decision and subsequent press conference with chair Kevin Warsh. The yield on the 10-year U.S. Treasury note — the key benchmark…
Comey seeks dismissal of Trump 8647 threat case
FILE PHOTO: Former FBI Director James Comey testifies before a Senate Intelligence Committee hearing on Russia's alleged interference in the 2016 U.S. presidential election on Capitol Hill in Washington, U.S., June 8, 2017. Aaron P.…
Why FIFA’s World Cup stakes sale is drawing global soccer fury
FIFA President Gianni Infantino holds the trophy at full-time following the FIFA World Cup 2026 Final match between Spain and Argentina at New York New Jersey Stadium on July 19, 2026 in East Rutherford, New Jersey. Chris Brunskill |…
Housing, healthcare need less red tape to lower costs: Hickenlooper
Former Colorado Governor John Hickenlooper delivers a 20-minute campaign speech at the Des Moines Register Political Soapbox at the Iowa State Fair August 10, 2019 in Des Moines, Iowa.Chip Somodevilla | Getty ImagesThe housing bill that…
Warren probes Pentagon program to hire highly paid private sector workers
U.S. Secretary of Defense Pete Hegseth and Sen. Elizabeth Warren (D-MA).Alex Wong | Tasos Katopodis | Getty ImagesSen. Elizabeth Warren is raising concerns about the Defense Department's plan to recruit private sector professionals to…
JPMorgan, Schwab and UBS manage millions in Trump investments
For years, the financial institutions handling President Donald Trump's sprawling investment portfolio have remained one of the most mysterious parts of his personal finances.A CNBC analysis of Trump's 2025 annual financial disclosure…
UBS CEO says the AI pullback is healthy — but there’s a bigger risk
UBS reported a profit rise in its second-quarter earnings Wednesday, as CEO Sergio Ermotti warned that geopolitical volatility could create fresh headwinds up ahead.The Swiss banking and wealth management giant's net profit attributable…