The central bank chief is set for his second day of testimony on Capitol Hill.
States fighting wealth flight: Here’s what to know
CNBC’s Robert Frank joins ‘Squawk Box’ with a look at how wealth is moving around the country.
The Fed may soon cut interest rates. That could make your next trip abroad more expensive
The Federal Reserve raised rates aggressively to tame high inflation, supporting the U.S. dollar. Cutting rates may weaken it versus foreign currencies.
Stocks making the biggest moves premarket: Taiwan Semiconductor, Tesla, Carvana and more
These are the stocks posting the largest moves in early trading.
Bill Gross says Tesla is the new meme stock
Longtime investor Bill Gross believes Elon Musk’s Tesla is behaving like a speculative play among retail investors.
Number of millionaires to soar globally but plunge in the UK, research finds
The 2024 Global Wealth Report from UBS forecasts a continued increase in the number of millionaires, with the U.K. a notable outlier.
China’s inflation numbers miss expectations to rise 0.2% in June
China’s consumer price inflation rose by 0.2% in June from a year ago, missing expectations, while producer prices fell in-line with forecasts.
Stocks making the biggest moves midday: Nvidia, Corning, Helen of Troy, UiPath and more
These are the stocks posting the largest moves in midday trading.
Athletic Brewing raises $50 million as nonalcoholic wave sweeps beer making
Athletic holds over 19% market share within nonalcoholic beer and is driving 32% of total nonalcoholic beer category growth, according to NielsenIQ data.
Fed Chair Powell says holding rates high for too long could jeopardize economic growth
Setting the stage for a two-day appearance on Capitol Hill, the central bank leader said the economy remains strong as does the labor market.