New York City could bring back Covid mask mandate, vaccine checks if hospitals come under pressure
Health Commissioner Ashwin Vasan said the city could reinstate mask mandates and vaccine checks if hospitalizations overwhelm the health system.
CNBC US News
Fed raises rates by half a percentage point — the biggest hike in two decades — to fight inflation
Wednesday's rate hike will push the federal funds rate to a range of 0.75%-1%.
Here's what the Fed's half-point rate hike means for your money
The Fed announced its sharpest rate hike since 2000 to fight inflation. Here's how that impacts your credit card, mortgage, car loan, student debt and savings.
Biden touts $1.5 trillion budget deficit reduction — but he's not telling the whole story
President Joe Biden touted sizable reductions in the federal deficit in the current fiscal year as part of his administration's economic savvy.
EBay and Etsy drop on weak guidance as e-commerce crunch continues
Both of the companies gave disappointing guidance for the current quarter, sending their stocks sharply lower in extended trading.
U.S. Secretary of State Blinken tests positive for Covid, has mild symptoms
Secretary of State Antony Blinken had not seen President Joe Biden in person for several days before testing positive for the coronavirus.
Facebook plans to reduce hiring as revenue growth slows and inflation concerns increase
Facebook's parent company is pulling back on hiring midlevel or senior-level workers as advertisers reduce spending.
10-year Treasury yield dips as Powell rules out the Fed getting even more aggressive
Yields of short-dated U.S. Treasurys were moving higher on Wednesday morning.
FAA to increase Florida air traffic controllers, work with airlines to avoid more flight disruptions in state
Airlines have ramped up capacity beyond 2019 levels at several major Florida airports.
Lyft shares drop 30% on disappointing guidance
Some analysts said in notes following Lyft's earnings report that the sell-off was overblown.
Uber reports surging revenue as drivers return, but posts massive loss on investments
Uber expects to keep drivers without "significant incremental incentive investments."
More Americans than ever say it's not a good time to buy a home
Just 30% of adults surveyed by Gallup said now is a good time to buy. It's the first time the share fell below 50% since the question was first asked in 1978.
Dave Chappelle attacked on stage by an audience member in Los Angeles, police say
Stand-up comedian Dave Chappelle on Tuesday was attacked by an audience member during a live performance at the Hollywood Bowl in Los Angeles.
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 March 16.
Location data broker SafeGraph stops selling information on visits to abortion providers
The Supreme Court is poised to reverse the Roe v. Wade ruling that gives people a constitutional right to abortion, a leaked opinion shows.
Moderna blows out first-quarter earnings expectations, triples Covid vaccine sales
Moderna's first-quarter vaccine sales more than tripled over the same period last year, when it reported $1.7 billion in sales.
California governor issues executive order on crypto as state embraces blockchain technology
California Gov. Gavin Newsom issued an executive order opening up the state to cryptocurrencies.
Yum Brands earnings miss estimates as China weighs on KFC, Pizza Hut sales
Taco Bell was the only chain in Yum's portfolio to report better-than-expected same-store sales growth.
Ford reports smaller sales decline in April while chip shortage weighs on supply
Ford on Wednesday reported a 10.5% decline in April sales compared with a year ago, notably narrowing its losses compared with recent months.
Watch live: Biden speaks on the economy and job growth ahead of major Fed rate decision
Biden's speech from the White House Roosevelt Room comes as persistent inflation has sent prices rising to historic levels over the past year.
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