Kevin Warsh, chairman of the US Federal Reserve, arrives for dinner during the Kansas City Federal Reserve’s Jackson Hole Economic Policy Symposium in Moran, Wyoming, US, on Thursday, Aug. 27, 2026. David Paul Morris | Bloomberg | Getty Images The Federal Reserve‘s cryptic chairman is set to deliver his much-awaited keynote address Friday in Jackson
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A Target store in Los Angeles, California, Aug. 19, 2026. Justin Sullivan | Getty Images Tariff refunds have muddied retailers’ earnings reports in recent weeks as Wall Street struggles to parse through the confusion. Most major retailers applied for refunds after the Supreme Court ruled in February that the International Emergency Economic Powers Act did
Federal Reserve Chairman Kevin Warsh testifies during a Senate banking committee hearing on Capitol Hill, in Washington, July 15, 2026. Ken Cedeno | AFP | Getty Images Kevin Warsh’s keynote speech at the central bank’s annual symposium in Jackson Hole, Wyo. has altered investors’ outlook for an interest rate hike in September after the Fed
Moviegoers watch the film “Ne Zha 2” at an Imax GT Cinema on in Guiyang, China, Feb. 23, 2025. China News Service | China News Service | Getty Images In December, Imax CEO Rich Gelfond opened the door to a sale. Almost nine months later, the company’s stock has hit an all-time high, its box
A view of a grain field during the early harvest season in the Rostov region, southern Russia, on July 14, 2026. Anadolu | Anadolu | Getty Images Corn and wheat prices have surged to their highest levels in more than three years. But the forces driving recent rallies for these two crops are notably different.
The cyclospora outbreak that has sickened thousands of people across the U.S. has brought fresh scrutiny of the integral role Taylor Farms and other massive suppliers play in the country’s food supply. The company, which the Food and Drug Administration has linked to the parasite’s spread, is one of the world’s largest producers of fresh-cut
A Kalshi advertisement seen in Washington on March 27, 2026. Paul Lester | CNBC The 9th U.S. Circuit Court of Appeals rejected prediction market platforms’ requests for injunctive relief against the Nevada Gaming Control Board, concluding that sports-related event contracts are not a derivative regulated by the federal government. The court rejected appeals by Kalshi
The Food and Drug Administration approved a once-daily HIV pill from Gilead that could help simplify care for some patients, the company announced Thursday. The drug, marketed as Bixlenvo, is aimed at patients whose virus is already under control but who remain on complicated treatment regimens. It could also appeal to those who simply want
Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. Aly Song | Reuters BEIJING — As the U.S. ramped up pressure this week on China with secondary Iran sanctions, the world’s two largest economies have still managed to stay focused
Gap on Thursday announced a new CEO for its Old Navy banner, effective Nov. 2, as the retailer tries to reinvigorate sluggish sales performance at the brand. Michael Francis, who was appointed the chief customer officer at Old Navy in May, will take over the reins from current CEO Haio Barbeito, who will become an
Kansas City Federal Reserve President Jeffrey Schmid said Thursday that inflation is still too high, though he stopped short of calling for an interest rate hike. Speaking from the central bank’s annual symposium in Jackson Hole, Wyoming, that the Kansas City Fed hosts, Schmid said in a CNBC interview that inflation has proven resilient. “It’s
SAN FRANCISCO — Hyundai Motor Co. CEO José Muñoz smiled and nodded as a fellow executive discussed the automaker’s “mueos-ideun ganeunghada” philosophy during the reveal of its new flagship Genesis GV90 SUV. The term means “anything is possible” in Korean. It’s a mantra for the South Korean automaker that has proved to be true for
The Huawei booth at the Mobile World Congress in Barcelona, 2025. Arjun Kharpal | CNBC BEIJING — U.S.-based personal computing and printing firm HP has signed a multi-year global agreement for licensing certain WiFi patents from Chinese telecoms giant Huawei, the companies announced Wednesday. It’s a sign of adoption of Huawei’s technology outside China, despite
An aerial view of the Warner Bros. Studio lot on July 13, 2026 in Burbank, California. Justin Sullivan | Getty Images Warner Bros. Discovery is feeling whiplash. It was only last summer that the company said it would split itself in two and began the process of creating separate, publicly traded entities: Warner Bros., which
A hand-drawn poster advertising the film “Niu Lai”, which translates to “Here Comes the Cow”, is seen at a cinema in Beijing on August 21, 2026. “Niu Lai”, a low-budget Chinese animated film that was widely mocked for its crude visuals became a viral hit, with people packing cinemas to see just how bad it
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China’s President Xi Jinping (R) and US President Donald Trump visit the Temple of Heaven on May 14, 2026 in Beijing, China. China Pool | Getty Images BEIJING — The U.S. is threatening to cut businesses that help Iran evade sanctions off from the American financial system. It puts China’s banks in an uncomfortable position:
A customer reaches for a box from the Lego Dots range at a Lego store in London, March 7, 2022. Bloomberg | Getty Images Lego revenue is on a tear. The brickmaker posted a 21% revenue bump for the first half of the year, boosted once again by its now-stalwart lines like botanical bouquets, Formula