[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell delivers his semiannual remarks on monetary policy and the economy this week on Capitol Hill. First up will be an appearance Tuesday before the Senate Banking Committee, during which he is expected to be peppered with questions about his position on tariffs from the Trump administration, inflation and the state of the labor market.
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Federal Reserve Chair Jerome Powell on Tuesday reiterated the central bank’s commitment to bringing inflation down and signaled that policymakers aren’t in a rush to push interest rates lower. In remarks before the Senate Banking Committee, Powell called the economy “strong overall” with a “solid” labor market and inflation that is easing but still above the Fed’s 2% goal. With those conditions prevailing, he said the Fed doesn’t need to move quickly to ease monetary policy.
Fed Chair Powell says central bank doesn't 'need to be in a hurry' to lower interest rates further
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Google's online and mobile calendars no longer include references to the first day of Black History Month or Women’s History Month, among other holidays and events. In mid-2024, the company started to show only public holidays and national observances from timeanddate.com globally, a Google spokesperson told CNBC's Jennifer Elias. “Some years ago, the Calendar team started manually adding a broader set of cultural moments in a wide number of countries around the world,” the spokesperson said in an email. “We got feedback that some other events and countries were missing — and maintaining hundreds of moments manually and consistently globally wasn’t scalable or sustainable,” the spokesperson added. Google has made numerous changes lately that align with a shifting U.S. political environment, such as scrapping its diversity hiring goals. It also renamed the Gulf of Mexico to the “Gulf of America” in Google Maps to reflect the executive orders President Donald Trump signed last month to change the name on official maps and federal communications.
Google Calendar no longer includes start of Black History Month, Pride Month
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Shopify on Tuesday reported better-than-expected sales for the fourth quarter but missed on earnings. Shares whipsawed in premarket trading. Here's how the company did: Shopify forecasted revenue in the first quarter to grow at a mid-20% percentage rate, which is roughly in line with analysts' expectations of 24.4% revenue growth, according to LSEG.
Shopify beats on fourth-quarter revenue, but gives mixed guidance
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U.S. President Donald Trump suggested that Ukraine could lose its sovereignty to Russia, and said he wanted compensation for the aid that Washington had provided to Ukraine. "[Ukraine] may make a deal. They may not make a deal. They may be Russian someday, or they may not be Russian someday. But we're going to have all this money in there [Ukraine] and I say, I want it back," Trump said in a Fox News interview that aired Monday. The president also said that the U.S. had "essentially agreed" a deal with Ukraine that would see Washington receive rare earth and mineral resources — which are used predominantly in electronics — in return for ongoing support.
Ukraine 'may be Russian someday,' Trump says, as the U.S. ups the pressure on Kyiv and allies
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The 12th-century Jaisalmer Fort is a "living fort" lined with cafes, shops, hotels and homes that house the thousands of people who live inside it.
A UNESCO World Heritage site with thousands of people living inside it
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The U.S. government's effort to curtail AI development in China through tightened controls of chip exports, including restrictions on the most advanced offerings from Nvidia, didn't stop DeepSeek from creating its generative AI app efficiently, and at a level that rivals the best the U.S. has to offer from companies such as OpenAI. While the details on just how DeepSeek did it remain incomplete, and its success doesn't mean export controls don't have a place in markets and national security policy, it does show that a focus on stopping the competition can't keep pace with innovation. Now, the debate is underway over just how far the U.S. government should go in the future in blocking access to U.S. chip technology. President Biden's Department of Commerce issued its rules to "regulate the global diffusion" of AI chips and models in the administration's waning days. The rules already have been heavily criticized by tech companies, including Nvidia, as well as policy experts. A Bro
After DeepSeek, the AI version of a global trade war is one the U.S. won't win easily
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The European Union plans to retaliate against the United States for new steel and aluminum tariffs. “Unjustified tariffs on the EU will not go unanswered—they will trigger firm and proportionate countermeasures,” European Commission President Ursula von der Leyen said in a statement late Monday. The statement comes after U.S. President Donald Trump signed an executive order to impose 25% tariffs on steel and aluminum. Shares of American steelmakers rallied sharply on Monday following the order.
Trump's steel tariffs could trigger broader trade war as EU threatens 'proportionate countermeasures'
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Coca-Cola on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations, as global demand for its drinks rose.
Coca-Cola sales easily top estimates as global demand rises
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Affirm, the online lender founded by Max Levchin, expanded beyond credit and entered the debit market four years ago with a card that let users pay over time. Now the company is making it possible for banks to offer that service to their customers. Affirm, which pioneered the buy now, pay later business (BNPL), has partnered with FIS in a deal that will allow the fintech company to offer the pay-over-time service to its banking clients and their millions of individual customers. Any bank that partners with FIS will be able to provide its own version of the Affirm Card, which launched in 2021, without asking customers to adopt a new piece of plastic. Consumers can access Affirm's biweekly and monthly installment plans and have the money automatically deducted from their checking account.
Affirm plans to bring Buy Now, Pay Later debit cards to more users through deal with FIS
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