Watch Yellen and Powell testify live before Senate Covid panel
Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen testify Tuesday before the Senate banking committee.
CNBC US News
Altria can't sell Iqos in the U.S. as Biden administration opts to not intervene in patent dispute
Altria and Philip Morris International are no longer able to sell or import Iqos tobacco devices in the U.S. after a deadline passed.
Peter Thiel-backed psychedelic start-up increases stake in Compass Pathways
Atai Life Sciences, the Peter Thiel-backed psychedelic start-up, has increased its stake in Compass Pathways.
Many people are flying private jet services for the first time. Here's what they're paying
The cost of private jet charters can vary wildly. Here's why, and what new converts paid for their first flights during the pandemic.
BMW unveils high-performance XM hybrid electric concept vehicle ahead of U.S. production
BMW said the production car, called the BMW XM, will be available exclusively as a plug-in hybrid electric vehicle under the company's "M" performance unit.
Jeffrey Epstein's pilot called as the first witness in Ghislaine Maxwell's sex crime trial
Ghislaine Maxwell and Jeffrey Epstein socialized with Donald Trump, Bill Clinton, Prince Andrew and other celebrities years before their sex crime arrests.
HashiCorp aiming for $13 billion valuation in IPO, according to updated prospectus
HashiCorp, a developer of software for managing cloud infrastructure, said on Monday that it plans to sell shares in its IPO for $68 to $72 each.
Fauci says U.S. should prepare to do anything and everything to fight the omicron variant
"Inevitably, it will be here. The question is will we be prepared for it?" Fauci said.
Commerce secretary says House needs to pass CHIPS Act immediately to ease semiconductor shortage
Commerce Secretary Gina Raimondo said the House needs to "immediately" pass a bill supporting U.S. production of semiconductor chips, to ease the shortage.
New Twitter CEO Parag Agrawal is central to Jack Dorsey's plans to revamp social media
Parag Agrawal, Twitter's incoming CEO, is an engineer who worked his way up over the past decade to become the company's technology chief.
Powell to tell Senate omicron variant poses downside risk to economy, complicates inflation picture
Fed Chair Jerome Powell believes that the omicron variant of Covid-19 and a recent rise in coronavirus cases pose a threat to the U.S. economy.
CDC steps up its Covid vaccine booster recommendation amid concerns about omicron variant
The CDC strengthened its Covid vaccine booster recommendation Monday, saying all U.S. adults "should" get the shot, amid concern about the omicron variant.
Supreme Court asked to review overturned Bill Cosby sex crime conviction
A Pennsylvania court overturned Cosby's conviction and freed him from prison, a ruling that the Montgomery County DA called a "grievous wrong."
Airlines log busiest days since early 2020 over Thanksgiving but omicron poses new challenge
Travel surged over Thanksgiving week but now major carriers have to grapple with new restrictions because of the omicron variant of the coronavirus.
Biden says he doesn't expect more travel restrictions or lockdowns as Covid omicron variant spreads
The U.S. on Monday began to temporarily bar visitors from South Africa, where scientists first reported the variant, and seven other African countries.
Congress hopes to avoid a government shutdown as Friday deadline approaches
Washington and Wall Street were optimistic Monday that Congress can pass a bill to fund the government and avert a partial shutdown before a Friday deadline.
Tesla shares rise after Elon Musk urges employees to cut delivery costs
In a recent memo, Tesla CEO Elon Musk urged employees to focus on minimizing costs, rather than rushing orders out to hit end of quarter sales targets.
Treasury yields rise as investors monitor developments with omicron Covid variant
U.S. Treasury yields climbed on Monday, as investors keep an eye on the latest developments with the Covid omicron variant.
Biden says he will direct FDA, CDC to use 'fastest process available' to clear Covid vaccines targeting omicron
President Joe Biden said he is directing federal agencies to be ready to move quickly to approve vaccines tailored to protect against the Covid omicron variant.
'I use it for life': Mike Tyson joins the list of celebrities launching a cannabis line
Mike Tyson told CNBC cannabis makes him a "different person" and that he's releasing his Tyson 2.0 cannabis line.
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