Kevin Warsh, former governor of the US Federal Reserve, speaks with CNBC on July 17, 2025.CNBCKevin Warsh could face a buzzsaw when he takes over as Federal Reserve chair — a Hobson's choice between fighting inflation and protecting the labor market.The Fed is duty bound to support both sides of...
Year: 2026
The wealthy once rushed to Dubai. Now they’re scrambling to leave
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox.The Iran war has shaken Dubai's status as a global wealth hub, as legions of expatriates scramble...
San Francisco Fed’s Daly says jobs report complicates interest rate call
San Francisco Federal Reserve President Mary Daly said Friday the weak February jobs report adds to a difficult policymaking environment.In a CNBC interview, Daly did not commit to a position on interest rates, but said a softening labor market combined with inflation still running above the central bank's 2% target...
U.S. crude oil tops $80 per barrel as escalating Iran war disrupts global fuel supplies
U.S. crude oil prices on Thursday topped $80 per barrel as the escalating Iran war disrupts global fuel supplies, with traffic in the Strait of Hormuz at a standstill due to attacks on tankers. The price of West Texas Intermediate oil surged 8.51%, or $6.35, to close at $81.01 per...
Mortgages in 47 seconds: Better’s new ChatGPT app targets lenders Rocket and UWM
Vishal Garg, Better.comSource: Better.comThe online mortgage platform Better has partnered with OpenAI to launch an app within ChatGPT that the companies said will dramatically reduce the time it takes to underwrite a mortgage or home equity loan, CNBC has learned exclusively.The app, announced by the firm later Thursday, takes Better's...