CNBC Top Stories

DoubleLine Capital CEO Jeffrey Gundlach said he sees one additional rate hike from the Federal Reserve before the central bank ends its tightening cycle.

The Federal Reserve's eighth-consecutive rate hike will make most loans and credit card debt more expensive.

These are the stocks posting the biggest moves during midday trading.

Intel CEO Pat Gelsinger will take a 25% base pay cut days after the company reported weak earnings, with executives down the line facing pay cuts as well.

Peloton beat Wall Street's revenue expectations but saw a 52% drop in connected fitness sales during its holiday quarter.

The pricey exercise machines posted a negative gross margin for the holiday quarter, but the fitness equipment maker's overall profit margin was positive.

The corporate job cuts come as the shipping giant tries to reduce costs amid cooling consumer demand.

The Biden administration has 30 days to issue a final decision on whether to approve the Willow oil drilling project in Alaska.

The FTC order against GoodRx includes a $1.5 million civil penalty for allegedly violating the agency's Health Breach Notification Rule.

Amogy is a startup that is experimenting with ammonia as fuel for heavy duty transportation, like trucking and shipping. The startup is backed by Saudi Aramco.

Samsung launched its new Galaxy S23 smartphone lineup Wednesday. The S23 will go head-to-head with Apple's iPhone 14.

The Department of Justice is investigating the discovery of classified records found at private locations tied to both President Joe Biden and Donald Trump.

A record 50.5 million people quit their jobs in 2022, breaking the previous high set in 2021 as ample job prospects and high pay lured them elsewhere.

Health insurer Humana (HUM) on Wednesday reported a stellar fourth quarter, while providing a robust full-year outlook.

The FTC sued to block Meta's acquisition of Within in July, arguing Meta was using the deal "to buy its way to the top," rather than compete on its own merits.

Everything from mortgages and credit cards to student and car loans will be affected by the latest rate hike from the Federal Reserve.

Brainard and Bernstein will have key roles in shaping Biden's economic policy and the choices are expected to be announced as soon as next week.

Streaming giant Netflix has updated its FAQ page with some details about how it plans to stop users from sharing accounts.

House Oversight Committee Chair James Comer will lead the first major congressional hearing on Twitter since Republicans took control of the House.

The meeting is a key test of whether Biden and the McCarthy can build a working relationship ahead of an estimated June deadline to hike the debt ceiling.