ETH/USD

Federal Reserve Chairman Kevin Warsh is floating major revisions to the central bank’s management of assets, inflation and public communications. Markets are pricing in higher odds for future rate hikes, rather than rate cuts as emphasized by Chair Warsh in confirmation hearings. CNBC’s Matt Peterson, Steve Liesman and Jeff Cox report.

SpaceX will move forward with its $60 billion acquisition of artificial intelligence startup Cursor as Elon Musk’s space exploration and AI company seeks a competitive edge against rivals Anthropic and OpenAI after its Wall Street debut last week. SpaceX said in April that it had the rights to buy Cursor, or pay $10 billion to “work together” with the ...

When the Federal Reserve wraps up its policy meeting Wednesday, one important thing could be missing — a dot. The central bank’s Federal Open Market Committee is set to release its quarterly update of where individual officials expect interest rates to head this year and through 2028 and beyond. Markets closely parse the grid, known more commonly as the ...

A US-Iran deal aimed at ending the Middle East war will be signed at Switzerland’s mountainside Burgenstock resort on Friday, the Swiss foreign ministry said. Tehran and Washington announced Sunday they had agreed a memorandum of understanding aimed at ending the conflict, which broke out on February 28 with US-Israeli strikes on Iran and engulfed the ...

Firmer building permits and single-family starts are two reasons to dismiss the sharp plunge in overall housing starts in May. Starts sank 15.4% to 1.177 million annualized, the lowest level since the pandemic shutdowns. This followed a sharp downward revision to April's level, when starts fell 8.5%. However, most of the weakness in May was in volatile ...

U.S. import prices increased 1.9 percent in May, the U.S. Bureau of Labor Statistics reported today, following a 2.0-percent rise in April. Higher prices for fuel imports and nonfuel imports drove the advance in May. Prices for U.S. exports increased 1.3 percent in May, after rising 3.5 percent the previous month. Prices for U.S. imports advanced 1.9 ...

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for May 2026: Privately-owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,413,000. This is 0.7 percent below the revised April rate of 1,423,000 and is ...

For the four weeks ending May 30, 2026, U.S. private employers added an average of 25,500 jobs per week, according to the NER Pulse, a weekly update of the monthly ADP National Employment Report (NER). Employment growth slowed for the fourth week. These numbers are preliminary and could change as new data is added. The NER Pulse is an estimate of the ...

Ever since Kevin Warsh was nominated by President Trump in late January to lead the Federal Reserve, a question has lingered: Will he seek to raise interest rates to tame inflation or cut them as Trump has long demanded? On Wednesday, Warsh may provide the first hints of an answer when he oversees his first Fed policy meeting as chair and holds a news ...

The Lincoln Memorial Reflecting Pool still needs some algae emancipation. Just days after the iconic Reflecting Pool reopened following President Trump’s $14 million renovation to seal the concrete bottom with an “American flag blue,” its familiar gnarly-looking green algae once again took over. “Versus previous administrations, the National Park Service is ...