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Chicago Fed President Austan Goolsby on Thursday expressed hesitation about cutting interest rates further as the government shutdown disrupts key inflation data.Goolsby has advocated gradual rate cuts, but central bank officials said in an interview with CNBC that they were concerned about the lack of significant price reporting, especially after a recent upward trend in general inflation.”If there’s a problem on the inflation side, it’s going to take a long time to see it, but if the job market starts to deteriorate, you’ll see it almost immediately,” Goldsby said. “So I’m even more worried because we’re bringing forward rate cuts…

Monday, October 6, 2025, at the U.S. Supreme Court in Washington, DC. Graham Sloan | Bloomberg | Getty Images The U.S. Supreme Court heard a case Wednesday regarding the Trump administration’s “reciprocal” tariffs, with both liberal and conservative justices appearing skeptical of the legal basis for these tariffs.Following the hearing, traders at prediction market Polymarket now believe there is only a 26% chance that President Trump’s tariffs will remain in place, down from about 50% a day earlier.Markets rose after the hearing, with major U.S. indexes rebounding from Tuesday’s losses. Still, eliminating tariffs is not a clear win for stocks.If…

Alphabet Inc. Chief Executive Officer Sundar Pichai during the Bloomberg Tech Conference on Wednesday, June 4, 2025 in San Francisco, California, USA. David Paul Morris | Bloomberg | Getty Imagesgoogle is making its most powerful chips widely available, and is the search giant’s latest effort to win business from artificial intelligence companies by offering custom silicon.The company announced Thursday that its seventh-generation Tensor Processing Unit (TPU), called Ironwood, will be first introduced in April for testing and deployment, and will be available to the public in the coming weeks.Built in-house, the chip is designed to handle everything from training large…

Nadia Milleron, whose daughter Samya Stumo was killed in the crash of Ethiopian Airlines Flight 302, holds up a placard with photos of crash victims during a Senate Commerce, Science, and Transportation Committee hearing on aviation safety and the future of the Boeing 737 Max aircraft at the Hart Building in Washington, DC, on October 29, 2019.Tom Williams | CQ-Roll Call Inc. | Getty Images A federal judge in Texas dismissed the Texas criminal case Thursday at the request of the Justice Department. boeing Despite expressing skepticism about the wisdom of dropping charges over two 737 Max crashes.Some families of…

Seven out of 10 climate researchers expect China’s carbon dioxide emissions to peak by the end of 2020, according to the survey.Published November 6, 2025November 6, 2025Click here to share on social mediaShare 2shareChina’s carbon emissions are expected to peak later than previously predicted, a study by climate experts has found.Only one in five experts surveyed believes China’s emissions have already peaked or will peak this year, the fourth edition of China’s climate change outlook released on Thursday revealed.Recommended stories list of 4 itemsend of listAccording to the survey, seven in 10 experts said they expected emissions to peak by…

CNN — Delays and flight cancellations are impacting major airports across the country as the longest government shutdown in history continues. A shortage of air traffic controllers has caused problems at many airports this week, with a ripple effect on nearly every flight. The government has now promised to “reduce” air traffic at all major airports due to closures from Friday 7 November. Here’s what to do if your flight is delayed or canceled, according to experts. There’s nothing worse than finding out your flight has been delayed for a long time or worse, canceled, but it’s better to find…

what happened?Last month, Maccabi Tel Aviv fans were banned from watching Thursday’s Europa League game against Aston Villa at Villa Park over safety concerns, prompting swift criticism from politicians including Prime Minister Keir Starmer. The Israeli club subsequently announced in a statement that it would no longer sell tickets to fans for the match.More than 700 police officers will be on duty, along with police horses, police dogs and a drone unit, as protests by various groups are planned for the day.The decision to ban supporters was based on concerns by West Midlands Police about their ability to deal with…

With so much money flowing into AI startups, it’s a good time to become an AI researcher and test your ideas. Also, if your idea is sufficiently novel, it may be easier to obtain the necessary resources as an independent company rather than within a large research institute. This is the story of Inception, a startup that develops diffusion-based AI models. The company just raised $50 million in seed funding led by Menlo Ventures with participation from Mayfield, Innovation Endeavors, Nvidia’s NVentures, Microsoft’s M12 Fund, Snowflake Ventures, and Databricks Investment. Andrew Ng and Andrej Karpathy provided additional angel funding. The…

SAP Labs India Pvt. Global Capability Center has evolved far beyond technical support, but its growth poses challenges for both multinational companies and Indian cities. Bloomberg | Bloomberg | Getty ImagesThis report is from this week’s CNBC Inside India newsletter, delivering timely and insightful news and market commentary on emerging powers. Subscribe here.big storyGlobal capability centers (GCCs) accounted for 38% of India’s office space demand in the third quarter, real estate services firm CBRE’s Anshuman Magazine reported over coffee at a cafe surrounded by Singapore’s skyline.”Demand for domestic office space is at an all-time high,” said Magazine, who is responsible…

U.S. President Donald Trump speaks to reporters aboard Air Force One en route to the White House after taking off from Palm Beach International Airport in West Palm Beach, Florida, on November 2, 2025. Samuel Corum | Getty ImagesThis is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five important things investors need to know to start their trading day.1. TarlifiSupreme Court justices expressed skepticism Wednesday about the legality of President Donald Trump’s tariffs as they heard oral arguments in a case that could decide their fate.Here’s what you need to know:Both conservative and…