News

Tariffs are expected to increase the inflation rate this year, according to U.S. Federal Reserve chief Jerome Powell.

The rate-setting Federal Open Market Committee downgraded its collective outlook for economic growth to 1.7%, down from the last projection of 2.1% in December.

The Federal Reserve in a closely watched decision Wednesday held the line on benchmark interest rates though still indicated that reductions are likely later in the year.

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in January.

"Partners are working with us to bring manufacturing here. In the near-term, the impact of tariffs won't be meaningful," the CEO said.

Investors have been jittery amid tariffs and other policy. It comes down to fear for corporate profitability and general human behavior, experts said.

The British unit of Spanish lender Santander on Wednesday said 750 of its staff were at risk of redundancy as it targets 95 branch closures in the U.K.

Among the top five priorities China has laid out for boosting consumption is child care subsidies.

KBW maintained its buy-equivalent rating on Capital One, calling Monday's market reaction to the report "overblown."

Retail outflows from U.S. equities rose to about $4 billion over the past two weeks, according to data from Barclays.

The Texas governor spoke to CNBC after Nasdaq announced it was opening a regional headquarters in Dallas.

Chinese electric car company Zeekr is releasing advanced driver-assistance capabilities to its local customers for free as competition heats up.