Why the Federal Reserve won't be so quick to ease up on its fight against inflation
The consequences for the Federal Reserve not bringing inflation under control could be severe.
CNBC US News
Mortgage applications plummet 14% as higher interest rates and Hurricane Ian crush demand
The highest mortgage rates in more than 20 years coincided with one of the deadliest hurricanes on record, both contributing to a steep drop in mortgage demand.
Ford to end production of $500,000 GT supercar with special edition
The 2022 Ford GT LM (Le Mans) will be the last model of the third-generation car, which was resurrected in 2016 after being a decade out of the market.
The U.S. is not harvesting as many fish as it could, driving up imports
Underfishing has become common in the U.S., which occurs when fish are harvested at a rate lower than would produce maximum sustainable yield.
Florida hedge fund could reap around $200 million from big arbitrage bet on Twitter
A Florida-based hedge fund made Twitter one of its top holdings in the second quarter, when the stock was trading well below Elon Musk's offer price.
Micron to spend up to $100 billion to build a computer chip factory in New York
The announcement comes after the passage of the CHIPS and Science Act of 2022, a $52 billion federal law encouraging more domestic semiconductor production.
High mortgage rates, tight supply and economic uncertainty: Here's what's happening with home prices
Recent reports are using monthly comparisons because of the sharp turnaround in the once-hot, pandemic-driven housing boom. So the changes can appear dramatic.
Amazon axes Glow video-calling device for kids
The Amazon Glow enabled kids and family members to chat remotely and play games using a touchscreen projected by the device.
Spacecraft builder York sells stake to private equity firm AEI at over $1 billion valuation
York Space Systems is selling a majority stake in the company to private equity firm AE Industrial Partners at an enterprise valuation of $1.125 billion.
Amazon freezes corporate hiring in its retail business
Tech companies have announced layoffs, hiring freezes and cost cutting efforts amid fears of an economic downturn.
Biden attacks GOP abortion policies in speech marking 100 days since Supreme Court overturned Roe
The remarks come a month out from the midterm elections where Democrats are at risk of losing control of one or both houses of Congress.
Streaming bundles are forming, but don't expect a cable TV-like package any time soon
It's easy to say streaming will morph into cable-like bundles, but business realities are working against the concept.
Wendy's drive-thru lanes struggle, while Chick-fil-A has the fastest service, report says
The total average time spent in the drive-thru lane fell to 6 minutes and 13 seconds, shedding about 10 seconds, according to an annual drive-thru study.
How polio came back to New York for the first time in decades, silently spread and left a patient paralyzed
The origin of the virus is still under investigation, but samples in New York are genetically linked to polioviruses found in London and Jerusalem wastewater.
Facebook is selling new types of ads on Instagram and Messenger as revenue declines
Meta is debuting new ad inventory across Facebook and Instagram and rolling out additional Messenger ad tools
Ford's sales up 16% in third quarter, despite September decline
The Detroit automaker said it sold 142,644 vehicles last month, an 8.9% decline from a year earlier.
Job openings plunged by more than 1.1 million in August
Available positions totaled 10.05 million for the month, a 10% drop from the 11.17 million reported in July.
Georgia Senate GOP candidate Herschel Walker denies paying for abortion — son says he 'threatened to kill us'
Republicans like Donald Trump have hoped that a victory in the Senate race by Herschel Walker could give the GOP majority control in the Senate.
This is the best time to apply for college financial aid — here's why you should file the FAFSA now
Although the FAFSA for the 2023-24 academic year isn't due until June 30, 2024, it's wise to apply as soon as you can.
Air cargo rates slump but some companies see long-term strength
Air freight is a tiny part of the overall cargo market, but it's been pushed to the forefront during the pandemic.
Get complete CNBC business news coverage online. Find the latest regional business news pertaining to the United States of America including headlines & top stories available on the official CNBC site.
Subscribe to CNBC US News feed
#channel