Economy
- Divided Fed approves third rate cut, sees slower pace ahead - The Federal Reserve on Wednesday released its interest rate decision.
- Southwest CEO says airline 'actively pursuing' network of airport lounges - Southwest's CEO said the carrier is weighing a network of airport lounges
- Trump says he 'heard' Biden Fed appointments were signed by autopen, tells aide to investigate - Trump's autopen comments came during a speech in Pennsylvania about the economy, aimed at countering Democrats' messaging about the U.S. affordability crisis.
- Hassett likely next Fed chair, but most think Trump should nominate someone else, CNBC Fed survey shows - The December survey shows 84% believe President Trump will tap Hassett, director of the National Economic Council, to head the central bank.
- The Fed decision is expected to feature a rate cut and a lot more. Here's what to expect - The central bank is poised to deliver its third straight interest rate cut Wednesday, while firing a warning shot about what's ahead.
- Corporate America is upbeat on economy, but less so on President Trump's handling of it: CNBC CFO survey - A majority of CFOs are optimistic on the economy and see no recession in 2026, but their view of Trump's handling of the job of president is lukewarm at best.
- Bessent says U.S. will finish the year with 3% GDP growth, sees 'very strong' holiday season - Treasury Secretary Scott Bessent said the economy will end the year on strong footing and said the president was disappointed in economic coverage in the media.
- Trump trade war shift away from Chinese manufacturing has reached tipping point - A long-term supply chain shift pulls the rest of Asia even with manufacturing giant China, but for importers, a short-term cash crunch from tariffs is looming.
- Asia-Pacific markets slide after subdued Wall Street session - Asia-Pacific markets slid on Friday following a subdued Wall Street session.
- Layoff announcements this year top 1.1 million, the most since 2020 when pandemic hit, Challenger says - The firm said layoff plans totaled 76,835 in November, a step down from October but still enough to bring the 2025 total up to 1.17 million.