With inflation staying too high for more than five years and the labor market appearing to be roughly balanced, the Federal Open Market Committee's current policy rate is showing no sign of being restrictive,

Federal Reserve Governor Lisa Cook said on Wednesday that she’s open to the idea that the central bank may need to raise its short-term interest rate target to deal with “too high” levels of inflation in the U.

Kansas City Fed President Jeff Schmid said Tuesday that the Federal Reserve’s inflation problem isn’t only about energy, and bringing inflation down to the Fed’s 2% objective will require tighter policy.

Federal Reserve Bank of Kansas City President ​Jeff Schmid said ‌on Tuesday the financial situation involved in building out ​the artificial intelligence ​sector bears watching.

Shares of Uber Technologies fell 6% in midday trading Wednesday after the ride-hailing company issued a softer-than-expected outlook for the current quarter. The stock is now down about 17% this yea

Uber Technologies Inc. shares slid by the most in six months after the company issued a bookings outlook that just met analyst estimates, compounding concerns from investors about the company’s ability to evolve in the robotaxi era.

Uber stock declines as the ride-hailing company reports mostly in-line second-quarter earnings and guidance that came up short.

Uber Technologies notched higher revenue in the second quarter but issued a soft outlook as it continues to invest heavily in autonomous vehicles.

CVS Health Corp. raised its profit guidance for the year after second-quarter earnings topped Wall Street estimates, driven by better-than-expected medical costs in the company’s Aetna insurance business.

CVS Health stock fell Wednesday, even after the healthcare giant raised its full-year guidance on the back of second-quarter earnings that handily beat analysts’ projections. Shares closed down 5.1% at $99.

CVS Health (NYSE:CVS) shares climbed around 5% in pre-market trading on Wednesday after the healthcare company reported second-quarter earnings that comfortably exceeded Wall Street expectations and increased its full-year profit forecast.

Shares of CVS Health (CVS) traded higher in the premarket on Wednesday after the managed care firm, with its Q2 2026 results, comfortably exceeded Street forecasts and lifted its full-year outlook, citing strength in its Health Care Benefits unit,

Stocks are wavering in morning trading on Wall Street, while oil prices hold steady. The S&P 500 rose 0.1% Wednesday, adding slightly to the record it set a day earlier. The Dow Jones

Stocks rose in morning trading on Wall Street Wednesday and added to their records set a day earlier, while oil prices held steady. The S&P 500 climbed 0.5%. The Dow Jones Industrial Average added 487 points,

Stocks are climbing in the early going on Wall Street, while oil prices ticked higher. The S&P 500 rose 0.6% Wednesday, adding to the record it set a day earlier. The Dow Jones Industrial Average rose 381 points,

Stocks meandered to a mixed finish on Wall Street Wednesday and remained close to their records, while oil prices held steady. The uncertain trading on Wall Street followed two days of big gains that gave the week and August a strong start.

Retired Air Force Brigadier General John Teichert joins Stuart Varney to discuss President Donald Trump's Iran deal claims, Strait of Hormuz oil risks, soaring markets and reports of North Korean missile forces heading to Russia.

The treasury secretary said an Iran deal could be reached “today or tomorrow.” The U.S. trade deficit fell slightly in June. The Senate Judiciary Committee advanced Trump’s AG nominee. ICE began putting ankle monitors on Haitian immigrants.

Fox News’ Steve Harrigan reports on President Donald Trump’s optimistic outlook for a deal with Iran. Foundation for Defense of Democracies senior advisor Richard Goldberg analyzes next steps on ‘The Story.

President Trump said Tuesday that the Strait of Hormuz could be open soon. Meanwhile, concerns are growing over the apparent depletion of U.S. military stockpiles. CBS News' Courtney Kealy has the latest.

Foundayo, its new GLP-1 pill, brought in $98 million in sales in the first full quarter since launching in April, coming in lower than the FactSet consensus of $103 million. Lilly has said for months that it expects most of Foundayo’s pickup to occur outside the U.

Eli Lilly reported higher net income and revenue in the recent quarter, fueled by continued surging demand for its GLP-1 weight-loss drugs.

In this week’s edition of InnovationRx, we look at Lilly’s 2Q earnings, a cannabis-derived drug for PTSD, Apnimed’s IPO and more

Eli Lilly (LLY) stock is higher after strong second-quarter results and raised guidance on weight-loss drug success