Economy

2-year Treasury yield rockets higher as many Fed officials signal possible hike this year

U.S. Treasury yields rose on Wednesday after the Fed held interest rates steady during Kevin Warsh's first policy meeting as chairman.

Want to start a business? AI can help, business owners say

New artificial intelligence tools are making it easier to start a business, fueling entrepreneurship and potentially job growth.

From supply shock to oil glut: IEA flags scale of demand destruction caused by Iran war

The energy supply shock triggered by the Iran War has prompted the IEA to slash its global oil demand forecast.

AI credit markets at risk of 'violent' correction and investors must stay clear-eyed, Man Group says

AI credit markets are at risk of a 'violent' correction and investors must stay clear-eyed to do well, Man Group says

$50,000 Home Equity Loan vs. $50,000 HELOC: Here's Which Costs Less Per Month Now

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British Council faces more job cuts to help pay off £197m loan

National Audit Office says agency proposes closing operations in 11 countries as part of turnaround plan

Is it bad that Elon Musk has a trillion dollars? Yes, and here’s why

Just as the ‘poverty line’ determines what’s required for basic living, we need a ‘wealth line’ to show when extreme wealth becomes harmful

Alleged ice-cream cartel in Japan investigated as sweltering summer looms

Six companies are suspected of colluding to use food inflation to raise the prices of their product

SpaceX options debut signals 'expensive' and 'dangerous' bets, strategist says

Options on SpaceX have started trading after the company's IPO, and they show a wide variation in bets.

CNBC Daily Open: Markets cheer Iran calm as Trump eyes his next deal

The memorandum of understanding for the Iran conflict seems to be holding, with the signing in Geneva inching closer without a reversal so far.

Japan May exports grow at fastest pace in over three years, beating estimates, as chip demand soars

Japan's exports in May grew at their fastest pace since November 2022, boosted by robust demand for cars and semiconductors.

Prospective homeowners delaying purchases amid high prices, high mortgage rates

The cost of a typical starter home has never been higher. Cristian Benavides has more in "Affordability in America."