Federal Reserve Chair Jerome Powell, in a wide-ranging talk at Harvard University, said Monday that he sees inflation expectations as grounded despite rising energy prices so the central bank doesn't need to respond with higher interest rates.As his term leading the central bank nears an end, Powell avoided questions about...
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China suppliers warn of higher prices for Americans due to Strait of Hormuz closure
Pickleball paddle producer Devi Wei has a message for U.S. shoppers."Americans will have to pay more," the Chinese businessman told CNBC at a Beijing trade show last week at the China International Exhibition Center.Because of the recent swings in oil prices resulting from the Iran war and closure of the...
Iran war wipes out $100 billion from luxury stocks
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.Major luxury stocks have fallen 15% or more since the Iran war started, and sales in the increasingly important...
The research firm whose AI paper knocked the whole stock market is out with another big call
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 23, 2026. Brendan McDermid | ReutersCitrini Research, the firm that rattled markets earlier this year with a provocative bearish call on artificial intelligence, is out with another warning — this time...
Why one hedge fund veteran is urging investors to ‘prepare for the worst’
Investors may want to take a step back as stocks swing amid rising geopolitical tensions.DBi's Andrew Beer suggests the market's crystal ball is broken."It's not normal for big markets to move as much as they are right now," the firm's managing member told CNBC's "ETF Edge" this week. "Something is...