The Latest Breaking News from CNBC

“I think that dovetails somewhat—that 38% of American households have no exposure to equities,” the Treasury Secretary told CNBC. Let’s see in 10 years.

Two governors dissented in favor of a cut, including Christopher Waller, a top contender for the chairmanship to replace Powell.

In spite of constant, threatening pressure from President Donald Trump to lower interest rates, the Federal Reserve is likely to hold interest rates steady at this week’s policy meeting, as reported by CNBC. While Trump has expressed intense frustration, anger and even a criminal investigation into the Chair of the…

UPS will cut up to 30,000 jobs and close facilities as it reduces Amazon deliveries, likely increasing shipping costs for consumers and small businesses.