Federal Reserve Governor Stephen Miran said Friday that he doesn’t anticipate President Donald Trump’s tariffs will have an inflationary effect on the U.S. economy.”I’m clearly in the minority in not being concerned about inflation from tariffs,” he said on CNBC’s “Money Movers.” “But that was also true in 2018-2019, and I think I probably could take a little victory lap about that.””There will always be relative price changes, but whether or not it’s inflation that’s macroeconomically significant of the type that monetary policy should respond to is a different question,” he added.His comments come after the Fed governor was the…
Author: usaeverydaylife
A Fedex truck is seen during heavy traffic on Sept. 16, 2025 in New York City. Zamek | View Press | Corbis News | Getty ImagesFedEx beat on the top and bottom lines in its fiscal first-quarter earnings report on Thursday.The stock rose more than 5% in after-hours trading on Thursday.”Despite significant volatility and uncertainty around the global trade environment, our results demonstrate the resilience we have built into our network,” CEO Raj Subramaniam said in a call with analysts Thursday. “They also reflect the dedication of our world class team, who have adapted quickly to serve customers with excellence…
Small-cap stocks may see even more gains in their future after hitting recent highs this week, according to Steven DeSanctis, an equity strategist covering small- and mid-cap companies at Jefferies. DeSanctis increased his year-end 2025 target on the Russell 2000 index to 2,665, implying about an 8% upside from Thursday’s closing price. That would also mean a full-year return for the index of 20.7%, he noted. Thursday was a record-setting day for the index, as it saw its first all-time closing high since November 2021 and scored a new all-time intraday high during the session. Those gains come just a…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s “Fast Money” team discusses the electric vehicle market in the U.S., consumer credit and more with Laks Ganapathi, founder and CEO of Unicus Research.03:50Fri, Sep 19 20255:59 PM EDT Source link
A sign is seen outside of the “Jimmy Kimmel Live!” show outside the El Capitan Entertainment Centre on Hollywood Boulevard, from where the show is broadcast in Hollywood, California on Sept. 18, 2025.Frederic J. Brown | AFP | Getty ImagesDisney’s decision this week to pull “Jimmy Kimmel Live!” from its broadcast network ABC is shining a light on a part of the media business over which the federal government has control. On Thursday, President Donald Trump suggested his administration should revoke the licenses of broadcast TV stations that he said are “against” him. Federal Communications Commission Chair Brendan Carr has made…
U.S. President Donald Trump prepares to announce an agreement with British Prime Minister Keir Starmer (not pictured) between the two countries, at Chequers at the conclusion of a state visit on Sept. 18, 2025 in Aylesbury, Britain. Leon Neal | Via ReutersA federal judge in Tampa, Florida, on Friday dismissed President Donald Trump’s $15 billion defamation lawsuit against The New York Times as “decidedly improper and impermissible,” but is allowing Trump to refile a much shorter and less florid amended civil complaint within the next month.Judge Steven Merryday criticized Trump’s lengthy lawsuit — which accuses the Times of being a…
German Chancellor Friedrich Merz addresses the Bundestag during a debate over the 2025 federal budget on September 17, 2025 in Berlin, Germany.Nadja Wohlleben | Getty Images News | Getty ImagesHuge investment pledges and major fiscal changes had bolstered hopes that Germany could give the euro zone economy a much-needed boost, but economists are starting to question if — and when — that will happen.Germany was a hub of excitement earlier this year, with many politicians, analysts and economists sharing big hopes of an economic rebound — domestically, and across Europe.It had moved to amend its long-standing debt brake rule, which…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailArian Gorin, Expedia CEO, joins CNBC’s Contessa Brewer to discuss how AI is impacting the travel industry, growth expectations, and much more.05:12Thu, Sep 18 20252:31 PM EDT Source link
Elon Musk’s xAI is raising $10 billion from investors in a round that values the artificial intelligence startup at $200 billion, sources with direct knowledge of the situation told CNBC’s David Faber.It’s the latest example of skyrocketing valuations for companies developing foundational AI models. Earlier this month, Anthropic raised $13 billion at a $183 billion valuation. OpenAI, the largest company in the industry, held a secondary share sale that valued it at $500 billion.The fundraising comes weeks after Musk raised $10 billion in debt and equity at what was believed to be a roughly $150 billion valuation, according to Faber.…
The Trump administration said on Friday it would ask companies to pay $100,000 per year for H-1B worker visas, potentially dealing a big blow to the technology sector that relies heavily on skilled workers from India and China.Since taking office in January, Trump has kicked off a wide-ranging immigration crackdown, including moves to limit some forms of legal immigration. The move to reshape the H-1B visa program represents his administration’s most high-profile effort so far to rework temporary employment visas.”A hundred thousand dollars a year for H1-B visas, and all of the big companies are on board. We’ve spoken to them,” U.S.…
