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Crypto giant FTX is close to finalizing a term sheet to buy BlockFi, sources familiar with the situation told CNBC.
Federal Reserve Chair Jerome Powell vowed Wednesday that policymakers would not allow inflation to take hold of the U.S. economy over the longer term.
The Supreme Court ruled that Congress, not the EPA has authority to set standards on climate-changing greenhouse gas emissions for existing power plants.
Core personal consumption expenditures prices, excluding food and energy, rose 4.7% from a year ago, slightly less than expected.
A member of the European Central Bank told CNBC Wednesday that there's plenty of runway to hike interest rates, following the two planned raises for July and September.
Stocks fluctuated on Wednesday, after the major averages made a failed attempt at a bounce in the previous session.
Federal Reserve Chairman Jerome Powell vowed Wednesday that policymakers would not allow inflation to take hold of the U.S. economy over the longer term.
New York Fed President John Williams said he expects the economy to avoid recession even as he sees significantly higher rates to control inflation.
Federal Reserve Chairman Jerome Powell on Friday reiterated the central bank's commitment to bringing down inflation.
Federal Reserve officials rolled out strong language Friday to describe their approach to inflation, promising a full-fledged effort to restore price stability.
The Federal Open Market Committee released its decision on interest rates Wednesday, with markets expecting a three-quarter point hike.
The Federal Reserve on Wednesday is expected to do something it hasn't done in 28 years — increase interest rates by three-quarters of a percentage point.
Markets are beginning to anticipate an even faster pace of rate hikes, and Fed officials apparently will satisfy growing expectations.
Coinbase is laying off almost a fifth of its workforce amid a collapse in crypto prices.
The average price for a gallon of unleaded gasoline rose above $5 nationally for the first time, and prices look set to continue to rise into the summer months.