The Iran war is starting to show up in the U.S. economy in ways both obvious and not so much.
Cleveland Fed President Hammack expects interest rates to stay on hold ‘for a good while’
The central bank official advocated a patient approach as officials watch incoming data for clues about where the U.S. economy is heading.
Trump threatens to fire Powell if the Fed chair doesn’t leave office on his own
Though most Fed chairs in the past have left after being replaced, Powell has demurred on what he plans to do.
IRS audit rate for high earners falls: Here’s what to know
It’s Tax Day, and all income groups have seen their chances of getting audited decline in recent years, but the highest earners have seen the largest declines. CNBC’s Robert Frank joins ‘Squawk Box’ to with more.
Morgan Stanley tops estimates as trading revenue exceeds expectations by $1 billion
Morgan Stanley’s results in the quarter were powered by the firm’s fixed income and equities trading operations, which produced about $8.5 billion in revenue.
Stocks making the biggest moves premarket: Bank of America, Morgan Stanley, Robinhood & more
These are the stocks posting the largest moves premarket.
Bank of America tops estimates as CEO Brian Moynihan says consumer banking is ‘healthy’
Bank of America, the second-largest U.S. bank by assets, has topped expectations for earnings per share for 23 consecutive quarters.
Luxury stocks fall as Iran war weighs on earnings; Hermes sinks 14%
Hermes said wholesale activity was “significantly affected” in the first quarter by lower sales to concession stores, particularly in the Middle East and in airports.
Chinese robotaxi companies forge ahead with UAE expansion despite Iran war
Ride-hailing company Didi plans to begin its first overseas robotaxi test in the United Arab Emirates later this year.
U.S. says Hormuz blockade ‘fully implemented,’ while signaling diplomatic off-ramp for Iran
The White House has been signaling a diplomatic solution to the conflict in the Middle East, as discussions around continuing negotiations with Tehran are underway.