Cleveland Federal Reserve President Beth Hammack on Thursday gave indications that she thinks the central bank could be nearing the end of what could be a brief rate-cutting cycle.The policymaker told CNBC that she thinks the current level of interest rates is "barely restrictive, if at all" when it comes...
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Alibaba is helping Chinese military to target U.S., White House memo claims: FT
BEIJING — Alibaba is helping the Chinese military to target the U.S., according to a White House memo, the Financial Times reported Friday. The memo alleged "Alibaba provides tech support for Chinese military 'operations' against targets in the U.S.," according to the FT. The FT said it could not independently...
‘Ghost job’ postings are adding another layer of uncertainty to the stalling jobs picture
Job seekers attend the Mega JobNewsUSA South Florida Job Fair held in the Amerant Bank Arena on September 25, 2025 in Sunrise, Florida.Joe Raedle | Getty ImagesJudging by current data, you'd think there's literally a job out there for anyone who wants one. Looking deeper under the hood, though, tells...
Prada says Milan listing still on the table — but won’t commit until timing is ‘six months away’
Luxury Italian brand Prada still plans to become a dual-listed company but won't commit until its listing date is "six months away," the firm's CFO Andrea Bonini told CNBC's Charlotte Reed in an exclusive interview.Speculation about a possible dual listing, with the group currently listed on the Hong Kong Stock...
The government shutdown is over. The air traffic controller shortage is not
Planes line up on the tarmac at LaGuardia Airport on November 10, 2025 in New York City. Spencer Platt | Getty Images News | Getty ImagesThe U.S. has been scrambling to hire more air traffic controllers for years. The longest-ever federal government shutdown might have made that even harder."We need...