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Fed delivers its first hike in 3 years. Plus, what's moving Starbucks and GE Vernova
Source: CNBC
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'Science fiction': Transport companies — the backbone of economy — are sounding alarm on fuel prices
Prices for diesel, the fuel type used to power trucks and trains, came in at an all-time high of $6.31 per gallon on Wednesday.
CNBC
10-year Treasury yield climbs back to 5% after Fed hikes rates, Warsh highlights inflation risks
The 10-year yield moved above the 5% mark after a Federal Reserve rate increase and comments from Chairman Kevin Warsh highlighting persistent inflation risks.
CNBC
J.B. Hunt stock plunges 13% after company warns third-quarter earnings will fall
Shares of J.B. Hunt plunged 13% Wednesday after the company warned of an earnings drop between 5% and 10%.
CNBC
Anthropic policy chief says AI companies can't be expected to operate on 'honor code'
Sarah Heck, Anthropic's head of public policy, offered her perspectives on AI safety as the debate about how to regulate model development intensifies.
CNBC
Jeff Gundlach says the Fed should have hiked rates by more to fight rising inflation
The Fed should have hiked rates by half percentage point rather than a quarter, the investor told CNBC.
CNBC
Boeing CEO: 737 Max production taking 'a little bit longer' to stabilize than expected
Boeing CEO Kelly Ortberg said wing production at its Renton, Washington, factory is a hold up, adding the company has plans to address it.