Author: Editor-In-Chief
WASHINGTON (AP) — The Justice Department’s threaten criminal charges Federal Reserve Chairman Jerome Powell is setting up a tense showdown between the White House and the U.S. central bank, with Powell saying the subpoenas he received Friday are aimed at forcing them to comply with President Donald Trump’s orders.The subpoena applies to the cost of renovating the Fed building. Head office covered in marble But they are more fundamentally talking about the fate of the Fed’s independence, how power is distributed within the federal government, and how that will affect the U.S. economy.Two Republican senators have already expressed dissatisfaction with…
Lebanon said Thursday it had completed the first phase of a plan to disarm Hezbollah and other militant groups in the country’s south, but Israel said progress was “far from sufficient” amid renewed concerns that the conflict could flare up again. The Lebanese Army has announced that it now has operational control of Lebanese territory south of the Litani River, with the exception of five Israeli military positions in Lebanon. The military stopped short of declaring that it had completely disarmed Hezbollah and other groups south of Litani, acknowledging that “work in this area is still ongoing” but hinted that…
Jersey Mike’s Subs is planning its first European expansion this year, bringing its signature sandwiches overseas, the company announced Monday. This drive is led by the brand’s founder and chairman of the board, Peter Cancro, through his company JM Submarines UK LTD.The deal between Jersey Mike’s and the Cancro entity calls for the company to open 400 stores in the UK and Ireland, the first in a series of plans for future international growth. Privately owned Jersey Mike’s was acquired by Blackstone in late 2024 for a reported $8 billion. “All consumers, not just here in the U.S. but around…
Anti-government protests have broken out in all 31 provinces of Iran, in a wave of unrest that poses the biggest challenge to the regime in years. An ongoing communications blackout, unprecedented in its scale, was imposed by authorities on Thursday, experts say, largely isolating the country from the outside world amid deadly unrest. US President Donald Trump has threatened to attack Iran if its security forces respond with force against demonstrators, who have reportedly left hundreds dead. Thousands more were arrested. As public anger continues to rise, here’s what you need to know. The protests began about two weeks ago…
This is the most incredible Scottish Premiership title race in recent memory, with big moments and big decisions to ensure none of the challengers fail over the weekend.Martin O’Neill’s recent return to Celtic saw a major turnaround in fortunes with a 4-0 win against Dundee United. League leaders Hearts responded by beating Dundee 1-0 at Dens Park despite playing more than half the game with 10 men. Rangers then beat Aberdeen for the second time in five days, keeping them at the top of the table.The Jambos are at the top of the table with 47 points, three points ahead…
French defense technology company Harmattan AI is climbing almost as fast as its new backer, supersonic planes. The company, founded in 2024, raised $200 million in a Series B round led by Dassault Aviation, best known for building the Rafale fighter jet, and is now valued at $1.4 billion. Less than two years after it was founded, Harmattan AI, which builds autonomy and mission systems software for defense aircraft, had already received strong validation signals from the French and British ministries of defense. But the funding and accompanying partnership give new wings to the company that once called itself “Europe’s…
As Wall Street’s top bankers gathered in New York last month to prepare to persuade Elon Musk’s SpaceX to choose them to head its upcoming IPO, one company couldn’t afford to let its star advisors miss out on the bakeoff.Among the troops of JP Morgan Chase The investment bankers who flew 4,500 miles west to California to pitch SpaceX were the lender’s boss, billionaire CEO Jamie Dimon, a person familiar with the trip told CNBC.The morning after that pitch meeting, Dec. 19, Mr. Dimon was already back in his usual early Friday morning position. I sat in the lobby of…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Happy Monday. I’m not sure what to write for this intro. As someone who is passionate about skin care, I thought I would write this story about the latest men’s beauty trends. But as a Michigan native, it would be remiss of me not to mention it. GMnew headquarters in Detroit.Stock futures are falling this morning. The stock market is coming off a strong week.Here are five important things investors need to know to start their trading day.1.F.R.B.U.S. President Donald Trump visits the Federal Reserve System…
The Philadelphia Eagles gave up their right to be known as the defending Super Bowl champions on Sunday night. In so many ways, it would sum up the story of their season. A season that was largely unsatisfying for AJ Brown, with the offense consistently underperforming as one of the league’s worst units under coach Kevin Pattullo, but it was a season that might have ended earlier if Vic Fangio’s defense hadn’t been able to hang on in games. Fangio’s resistance gained momentum again Sunday night, but a lack of vitality on the other side of the ball ultimately proved…
The criminal investigation into Federal Reserve Chairman Jerome Powell is once again testing the independence of the U.S. central bank, reinforcing the view among global investors that they need to diversify away from U.S. assets.”That seems to be happening this morning,” Julien Lafargue, chief market strategist at Barclays Private Bank, told CNBC’s “Europe Early Edition” on Monday.futures of S&P500, Dow Jones Industrial Average and Nasdaq Everything fell on Monday after the Justice Department launched an investigation into the $2.5 billion renovation of the Federal Reserve’s headquarters.Stock chart iconStock chart iconUS 10 year government bond.In a video statement tweeted by the…