News

Two key Fed officials express support for keeping interest rates high

The central bank official said there's still the possibility that the Fed will have to raise rates further if economic data doesn't cooperate.

The 'Great IPO Reopening' may be on hold: rising rates and weaker stocks are a killer

Cash-strapped unicorns have three choices: raise additional capital in the private markets, merge or be bought out; move into the public markets. 

Stocks making the biggest moves premarket: AstraZeneca, Wayfair, Alibaba and more

These are the stocks posting the largest moves before the bell.

Apple's iPhone 15 launches in China with people flocking to stores — even as Huawei revival emerges

People flocked to an Apple store on Friday to pick up the latest iPhone, despite market worries that nationalistic fervor would dampen the U.S. company's sales in China.

An HSBC-backed startup is using AI to help banks fight financial crime — and eyeing a Nasdaq IPO

Silent Eight's AI models were actually trained on the processes that human investigators were carrying out within financial institutions, its CEO told CNBC.

Stocks making the biggest moves midday: Splunk, Cisco, Broadcom, Fox and more

These are the stocks posting the largest moves in midday trading.

Bank of England ends run of 14 straight interest rate hikes after cooler-than-expected inflation

The Bank of England on Thursday ended a run of 14 straight interest rate hikes after new data showed inflation is now running below expectations.

Chinese EV maker Nio releases a smartphone it expects at least half of its users to buy

Chinese electric car brand Nio released an Android smartphone on Thursday. CEO William Li spoke with CNBC in an exclusive interview ahead of the launch.

Fed signals it will raise rates one more time this year before it ends hiking campaign

The Federal Reserve stayed put on Wednesday but forecast it will raise interest rates one more time this year.

Here's what changed in the new Fed statement

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting on July 26.

Fed declines to hike, but points to rates staying higher for longer

The Federal Reserve on Wednesday released its decision on interest rates and updates on the economy.

Stocks making the biggest moves midday: Instacart, Steelcase, Klaviyo and more

These are the stocks posting the largest moves in midday trading.
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