The pressure is on for Powell and the Federal Reserve to manage the exit from ultra-easy policies
For the Fed, implementing the easiest monetary policy in history was tough enough. Getting out will be no treat, either.
CNBC US News
In major policy change, Apple will allow developers to email customers about alternatives to App Store billing
App makers want to contact their customers directly to encourage them to pay directly and avoid Apple's App Store fees, which range from 15% to 30% of gross sales.
Fires in the Arctic, record sea levels: NOAA report details effects of climate change in 2020
2020 saw the highest concentration of greenhouse gases in Earth's atmosphere on record, along with unprecedented global sea levels and average global temperatures.
Tesla files to become an electricity provider in Texas
Tesla has also built several utility-scale energy storage systems around the world, but typically hasn't functioned as the retail electricity provider there.
U.S. should stay in Afghanistan until the 'mission is complete,' Rep. Kinzinger says
“Both parties, Republicans and Democrats, have failed the American people, and the American people deserve far better. Demand better of your leaders,” said Rep. Adam Kinzinger, R-Ill.
Japan suspends 1.6 million Moderna Covid vaccine doses over contamination concerns
Japan suspended the use of more than 1.6 million doses of Moderna's Covid vaccine Thursday after contaminated vials were found at multiple vaccination sites.
Texas Gov. Abbott to deploy 2,500 more out-of-state medical staff to battle delta Covid surge
Texas Gov. Greg Abbott said Thursday the state will get 2,500 more medical personnel from across the country to help battle this summer's Covid surge.
Watch live: Biden delivers remarks on Kabul terror attack that killed 12 U.S. service members
White House press secretary Jen Psaki is set to brief reporters after Biden's remarks on the suicide attack near the Kabul, Afghanistan, airport.
Nuro is building a test track and factory for its delivery robots in Las Vegas
Unlike other driverless vehicle ventures, Nuro is focused on making zero-occupant, robotic electric delivery vehicles.
Treasury yields are mixed as investors wait for Fed Jackson Hole summit
U.S. Treasury yields were mixed on Thursday as Fed officials spoke about their preferred policy changes.
U.S. Covid cases show signs of slowing, even as fatalities surge again
Though cases have climbed to their highest level since January, the pace of the rise in new infections has substantially slowed over the last two weeks.
Shares of embattled EV start-up Lordstown Motors surge on appointment of ex-Icahn executive as CEO
Embattled electric vehicle start-up Lordstown Motors named Daniel Ninivaggi, a longtime auto veteran and former leader of Icahn Enterprises, as its new CEO.
Capitol Police officers sue Trump, Roger Stone, Proud Boys and others over Jan. 6 invasion
Seven Capitol Police officers filed a lawsuit accusing former President Donald Trump and others of being directly responsible for the deadly riot on Jan. 6.
Ford to cut F-150 pickup truck production due to chip shortage
Ford is once again cutting production of its F-150 pickup truck and two other vehicles next week due to the ongoing global shortage of semiconductor chips.
'Better to have live employees than sick or dead ones' — manufacturing leader on vaccine mandates
Receiving a Covid vaccine is "the responsible thing to do," Jay Timmons, CEO of the National Association of Manufacturers, told CNBC on Thursday.
GM confidentially surveyed white-collar workers on Covid vaccination status
GM said it confidentiality asked its white-collar workers to disclose the information as a way to assess overall immunity levels and guide its safety protocols.
BMW to build new vehicle at South Carolina plant
The Spartanburg plant currently produces the BMW X3, X4, X5, X6 and X7 as well as performance models of most of the vehicles.
It's time to take Samsung's folding phones seriously
The Samsung Galaxy Z Fold 3 is a fun device for people who are sick of regular phones, but there are still too many compromises.
GOP lawmaker who spearheaded Trump tax cuts says Dems have great chance to pass spending bills by October
Rep. Kevin Brady, a Texas Republican and a lead author of the Trump tax cuts, thinks Democrats will pass two massive spending bills before October.
As it faces more scrutiny, Apple will reduce App Store fees if publishers provide Apple News content
In order to secure the reduction, the publishers will have to apply to a new program Apple is calling the News Partner Program.
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