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Kevin Warsh was confirmed Wednesday as the next Federal Reserve chair, taking over the central bank at a time when President Donald Trump is pushing for lower interest rates even as fresh inflation data complicates the case for cuts.

In the most divisive vote ever for a Fed chair, Warsh, 56, won confirmation to take over for Jerome Powell, who has served in the top leadership position since 2018 and whose term will expire Friday.

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JPMorgan’s clients are really worried about the stock market right now.

According to a note from the bank’s equity trading desk, “the chants from the bears are getting louder and louder … that’s what’s happening right now … My clients have gone from cautious to full blown bearish in a very short period.”

But JPMorgan traders have a simple message for their worried clients: calm down.

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U.S. President Donald Trump has landed in Beijing for a highly anticipated presidential summit with his Chinese counterpart, Xi Jinping.

Trump is being accompanied on the trip by a group of executives from some of America’s most valuable companies, including Tesla CEO Elon Musk and Nvidia boss Jensen Huang.

More details at the link in bio.

U.S. President Donald Trump has landed in Beijing for a highly anticipated presidential summit with his Chinese counterpart, Xi Jinping.

Trump is being accompanied on the trip by a group of executives from some of America’s most valuable companies, including Tesla CEO Elon Musk and Nvidia boss Jensen Huang.

More details at the link in bio.

U.S. President Donald Trump has landed in Beijing for a highly anticipated presidential summit with his Chinese counterpart, Xi Jinping.

Trump is being accompanied on the trip by a group of executives from some of America’s most valuable companies, including Tesla CEO Elon Musk and Nvidia boss Jensen Huang.

More details at the link in bio.

U.S. President Donald Trump has landed in Beijing for a highly anticipated presidential summit with his Chinese counterpart, Xi Jinping.

Trump is being accompanied on the trip by a group of executives from some of America’s most valuable companies, including Tesla CEO Elon Musk and Nvidia boss Jensen Huang.

More details at the link in bio.

U.S. President Donald Trump has landed in Beijing for a highly anticipated presidential summit with his Chinese counterpart, Xi Jinping.

Trump is being accompanied on the trip by a group of executives from some of America’s most valuable companies, including Tesla CEO Elon Musk and Nvidia boss Jensen Huang.

More details at the link in bio.

Wholesale prices in April posted their highest annual increase in more than three years, signaling more nettlesome inflation as pipeline costs intensify.

CNBC's Rick Santelli breaks down the numbers.

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President Donald Trump has arrived in Beijing for crucial negotiations with Chinese President Xi Jinping.

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General Motors on Monday laid off about 500 to 600 employees, largely in information technology roles in Austin, Texas, and Warren, Michigan, as the automaker reevaluates its workforce needs and cuts costs amid uncertain market conditions.

Several GM employees who were laid off Monday described their job terminations to CNBC.

Read more of their stories at the link in bio.

General Motors on Monday laid off about 500 to 600 employees, largely in information technology roles in Austin, Texas, and Warren, Michigan, as the automaker reevaluates its workforce needs and cuts costs amid uncertain market conditions.

Several GM employees who were laid off Monday described their job terminations to CNBC.

Read more of their stories at the link in bio.

General Motors on Monday laid off about 500 to 600 employees, largely in information technology roles in Austin, Texas, and Warren, Michigan, as the automaker reevaluates its workforce needs and cuts costs amid uncertain market conditions.

Several GM employees who were laid off Monday described their job terminations to CNBC.

Read more of their stories at the link in bio.

Waymo is recalling about 3,800 robotaxis in the U.S. to fix software issues that could allow them to “drive onto a flooded roadway,” according to a letter on the National Highway Traffic Safety Administration’s website.

The voluntary recall is for Waymo vehicles that use the company’s fifth and sixth generation automated driving systems (or ADS), the U.S. auto safety regulator said in the letter posted Tuesday.

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The central debate on Wall Street is starting to sound something like this: Bears say, “It’s starting to look like 1999 – sell tech stocks,” while bulls counter, “It’s starting to look like 1999 – buy tech.”

CNBC's Mike Santoli explains how today's market compares to 1999.

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Dr. Marty Makary is out as FDA commissioner, President Donald Trump said Tuesday, ending a controversial tenure at the health agency.

Makary is “a wonderful man and he’s going to be off, and the assistant, the deputy, is taking over temporarily,” Trump told reporters on Tuesday.

He added, “He’s going to go on, and he’s going to lead a good life.”

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High-end real estate sales in Manhattan increased in the past month, according to new data, despite New York Mayor Zohran Mamdani’s proposed pied-à-terre tax that brokers warn could cause a wealth flight.

There were 133 contracts signed for apartments priced at $4 million or more between April 14 and May 10, according to Olshan Realty. That compares with 130 during the same period last year. The total dollar volume increased by 10% to $1.12 billion, Olshan said.

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EBay on Tuesday rejected GameStop’s $56 billion takeover proposal, calling the unsolicited bid “neither credible nor attractive.”

GameStop CEO Ryan Cohen last week unveiled an audacious bid for eBay, offering to acquire the online marketplace for $125 per share in a cash-and-stock deal. EBay is much larger than the video game retailer, with a market cap of just over $48 billion, while GameStop’s is roughly $10.3 billion.

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Prices that consumers pay for a wide range of goods and services increased at a faster-than-expected pace in April, raising further concerns about the inflationary impact on the U.S. economy.

The consumer price index rose at a seasonally adjusted 0.6% for the month, putting the one-year pace at 3.8%, the Bureau of Labor Statistics reported Tuesday. The monthly rate was as forecast, but the annual rate was 0.1 percentage point above the Dow Jones consensus.

Full details, at the link in bio.