Economy

Higher rates could be needed to avoid 'inflationary mindset' taking hold, says Fed's Hammack

The Cleveland Fed president said that tighter monetary policy would be needed to bring down inflation.

Starbucks denies plan to buy Chipotle after report of possible takeover

October 12, 2026 / 12:55 PM EDT / CBS News

Cramer: Starbucks tells me Chipotle takeover won't happen and that's good for the stock

The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.

Nobel Prize for economics awarded to Hall and Woodford for work on ‘smoothing’ crises

US economists developed models that help central bankers and finance ministers to stabilise their economies

Delta delays debut of Saudi Arabia service until March after Riyadh airport attacks

Delta planned to begin the route on Oct. 23, in what would have marked the first nonstop commercial flight between the U.S. and Saudi Arabia.

Lebanon’s only church-bell maker on keeping a 300-year family tradition alive

Naffah Naffah makes the bells in the mountains near Beirut. His sons will take over the foundry when he retires

Starbucks says it is not buying Chipotle after takeover speculation

"Starbucks is not buying Chipotle," a Starbucks spokesperson told CNBC.

Digger on course for $245m loss after box office collapse

Estimates suggest the eco satire starring Tom Cruise could join the list of top turkeys, including Cutthroat Island and The Marvels

CNBC Daily Open: Trump's Russian Roulette

Oil prices fall, but questions remain over an "energy ceasefire" between Ukraine and Russia, and whether Moscow can meet the supply demands of Trump's deal.

Roman Abramovich aides falsified paperwork to disguise assets and dodge tax, records suggest

Accountancy firm Deloitte Cyprus among those that appear to have backdated records outlining the Russian billionaire’s assets

Oil falls after Trump declares 'energy ceasefire' between Russia and Ukraine

Ukrainian President Volodymyr Zelenskyy said in a post on social media that "Ukraine supports the ceasefire, and it is important that Russia support it as well."

Why China is importing a record amount of gold

Beijing’s push to diversify away from the dollar and Chinese households’ search for a safe place to put their savings has fueled China’s record gold buying.