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WASHINGTON – Kevin Warsh’s first meeting as Federal Reserve chairman ended Wednesday with the Fed agreeing to leave interest rates unchanged and potentially raise them further. The meeting also confirmed that key language indicating a bias towards future cuts had been removed in a much shorter policy statement.The Federal Open Market Committee unanimously voted to keep the benchmark overnight borrowing rate in the range of 3.5% to 3.75%. The federal funds rate has remained at that level since the central bank cut rates by three-quarters of a percentage point in late 2025.Amid intrigue surrounding Warsh’s appointment to the helm of…
At Wednesday’s G7 summit, world leaders including French President Emmanuel Macron and Indian Prime Minister Narendra Modi expressed concern that the United States could cut off their country’s access to top American AI models at any time. Over lunch, Macron warned G7 leaders and AI executives (including Anthropic CEO Dario Amodei, OpenAI CEO Sam Altman, and President Donald Trump) that if the U.S. is able to “switch off from one day to the next,” it could not only harm the economies of European customers, but also the AI companies themselves. The comments came just days after the Trump administration blocked…
Important pointsCNBC’s Jim Cramer named Intel a top stock, arguing that investors should focus on the company’s future AI opportunities rather than the company’s massive stock price rally over the past year. He said rising demand for AI infrastructure and expansion of Intel’s foundry business could drive further growth for the chipmaker for years.CNBC’s Jim Cramer said Wednesday that Intel still has room to run, even after the semiconductor giant’s stock more than tripled. “What stock do you want to buy? I told club members the answer is Intel, which is my new favorite stock in this market,” the “Mad…
The Thurman family is mourning the loss. Uma Thurmanfather of robert thurmanOne of America’s most prominent experts on Tibetan Buddhism died on June 16 at the age of 84, his nonprofit Tibet House US confirmed. “We are deeply saddened to announce the passing of Robert A.F. Thurman, a prominent American Buddhist scholar, co-founder of Tibet House US, and author and translator whose teachings shaped countless lives,” the organization said on Instagram on June 16. Tibet House US— Thurman Co-founded in 1987 at the request of Dalai Lama— urged online users in this chapter to respect families’ requests for privacy. Thurman—Dear…
Yohan Ouissa left his name in the history of the Democratic Republic of Congo (DR Congo) by scoring his first goal in the team’s history in the group stage of the World Cup held in Houston against Portugal, one of the favorites to win the tournament.The 29-year-old Newcastle United forward made the most of a corner kick five minutes into the second half of Wednesday’s game and his header found the back of the goal, creating history as the Democratic Republic of Congo returned to the World Cup for the first time in 52 years.Recommended stories list of 4 itemsend…
Federal Reserve Chairman Kevin Warsh greets after being sworn into office during a ceremony in the East Room of the White House on May 22, 2026 in Washington.robert schmidt getty imagesThe Federal Reserve left interest rates unchanged on Wednesday, ending its first meeting led by new Fed Chairman Kevin Warsh. The decision provided little relief to consumers struggling with rising gas prices and overall affordability challenges.Donald Trump’s election as central bank chief had previously suggested he might favor lower interest rates, but inflation rose last month at the fastest pace in three years, and rising energy costs could have a…
Snap’s long-awaited AR glasses, Specs, didn’t have the best debut. The company’s stock price hasn’t been on the healthiest trajectory lately. It has fallen 30% in the past year. After Spex’s launch, the stock price fell more than 5%, from $5.86 per share on Tuesday to a low of $4.83 per share on Wednesday morning. As of this writing, the stock has yet to recover its pre-announcement position. A big concern surrounding Snap’s new smart glasses, which the company has been working on for more than a decade, is cost. The company claims the retail price will be close to…
“I remember, it was Thanksgiving, so we were separated, but I was with the kids because it was time to be with them,” Wilde recalled. “Everything was as it should be. The kids were there too. Jason was photographed with his girlfriend on the beach in Costa Rica, and the press was like, ‘Oh my gosh, he looks so happy. So great.’ And although Wilde faced backlash for his romance with her, harry styles Shortly after breaking up with Sudeikis, her ex went on vacation with his new partner and insisted he “did nothing wrong,” but it was a bit…
England beat Croatia 4-2 in the opening game of 2026, with Harry Kane scoring twice and Jude Bellingham and Marcus Rashford also scoring.Published June 17, 2026June 17, 2026Harry Kane scored twice in the first half as England eventually beat Croatia 4-2 to begin their World Cup onslaught in Texas.After Croatia leveled the score at 2-2 in Wednesday’s match, Jude Bellingham just after half-time and substitute Marcus Rashford with five minutes remaining ensured a winning start for Thomas Tuchel’s side.Recommended stories list of 4 itemsend of listThe versatile Kane put England twice in the lead in the first half, one of…
New Federal Reserve Chairman Kevin Warsh holds a press conference after two days of Federal Open Market Committee (FOMC) meetings at the Federal Reserve Board in Washington, DC, USA, June 17, 2026.Eric Lee | ReutersWednesday’s Federal Open Market Committee statement alone showed the Federal Reserve is entering a new era under Chairman Kevin Warsh.The statement released Wednesday contained about 130 words, according to a CNBC analysis of the presentation, which is fewer than the more than 300 words recorded at recent meetings.Warsh acknowledged the “differences” in the statement Wednesday at the beginning of his first press conference as speaker. He…