US Politics & Business News
Minneapolis Federal Reserve President Neel Kashkari said Thursday that reducing inflation remains his top priority for the U.S. central bank. Kashkari made the remarks while speaking to CNBC’s Kaori Enjoji at the Bank of Japan-IMES Conference, where he outlined the Fed’s current policy thinking. He said the Fed would continue taking a “balanced approach” to…
New research from the European Central Bank shows that a “double scar” of past inflation and geopolitical trauma is distorting how consumers view the broader economy. ECB researchers found that euro area households have grown more sensitive to the financial consequences of the Iran war due to cumulative economic wounds left over from previous crises….
Sen. Susan Collins (R-Maine) responded Thursday to criticism from her top Democratic challenger regarding her past support of U.S. military foreign intervention. Graham Platner, a Marine veteran and oyster farmer, had made pointed remarks about Collins in a recent interview with The New York Times earlier this month. Platner told the Times that Collins “voted…
Rep. Haley Stevens, state Sen. Mallory McMorrow, and Abdul El-Sayed faced off in a combative Thursday debate for Michigan’s open Senate seat. The three Democratic candidates clashed sharply over foreign and corporate campaign donations during the high-stakes primary matchup. El-Sayed previously served as a Wayne County Health, Human and Veteran Services director before entering the…
Vice President Vance said Thursday that the United States and Iran were still “going back and forth” on key issues related to nuclear negotiations between the two countries. Vance described the situation as the two sides being “very close” to finalizing an agreement, though he acknowledged that several sticking points continued to complicate the process….
President Trump says the United States holds a dominant position in ongoing negotiations with Iran, citing recent military strikes as a key factor in that leverage. Trump credited joint U.S.-Israeli strikes with significantly weakening Iran’s military capabilities, framing the damage as a strategic advantage heading into talks. Despite acknowledging Tehran’s skill at the negotiating table,…
Chicago Federal Reserve President Austan Goolsbee said Thursday that energy inflation tied to the war in Iran has lasted longer than initially expected. Goolsbee made the remarks to CNBC’s Kaori Enjoji at the Bank of Japan-IMES Conference, warning of broader economic consequences for energy-importing nations. He said futures markets had originally expected energy prices to…
The Federal Reserve appears set to remain on the sidelines after fresh inflation data released Thursday showed consumer prices continuing to weigh on American wallets. The personal consumption expenditures price index increased a seasonally adjusted 0.4% for the month, putting the 12-month inflation rate at 3.8%, the Commerce Department reported. Economists surveyed by Dow Jones…
CACI International (NYSE: CACI) climbed 4.2% to $502.63 after the company secured a $113.8 million contract from the United States Navy to support the Military Sealift Command’s integrated business systems. The agreement could extend through October 2031 if all available options are exercised, making the total potential value of the relationship substantially higher than the…
Cerebras Systems (NASDAQ: CBRS) made a spectacular entrance onto the Nasdaq on Thursday, with shares closing up 68% at $311.07 after the AI chipmaker priced its IPO at $185 per share, itself above an already elevated expected range of $150 to $160. The company sold 30 million shares, raising $5.55 billion in the largest initial…