US Federal Reserve Chair Jerome Powell attends a “Fed Listens” event in Washington, DC, on October 4, 2019. Eric Baradat | AFP | Getty Images A hotter-than-expected consumer price index reading rattled markets Wednesday, but markets are buzzing about an even more specific prices gauge contained within the data â the so-called supercore inflation reading.
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Macy’s flagship store in Herald Square in New York, Dec. 23, 2021. Scott Mlyn | CNBC Department store Macy’s on Wednesday said it had settled its proxy fight with an activist group led by Arkhouse Management, and that it would add two new directors to its 15-person board. The reshuffle moves Macy’s closer to a
Pictured here is a real estate project under construction in Huai ‘an city, Jiangsu province, China, on April 8, 2024. Future Publishing | Future Publishing | Getty Images BEIJING â China needs to convince people that home prices are on their way up in order for economic activity to pick up, Richard Koo, chief economist
An Atom Computing employee engaged in work on a computer screen. CNBC This story is part of CNBC’s quarterly Cities of Success series, which explores cities that have transformed into business hubs with an entrepreneurial spirit that has attracted capital, companies and employees. Imagine a world where computers solve problems billions of times faster than
Under the visionary leadership of Suav, Stay Paranoid transcends traditional streetwear, embodying a deeper philosophy. The brand’s name, Stay Paranoid, symbolizes perpetual self-assessment and the imperative of staying vigilant and proactive in one’s pursuit of personal growth. It serves as a reminder to shun complacency and consistently strive towards achieving greater success. At the
Federal Reserve Bank Chair Jerome Powell speaks during the Stanford Business, Government and Society Forum at Stanford University on April 03, 2024 in Stanford, California. Justin Sullivan | Getty Images Federal Reserve Chairman Jerome Powell said Wednesday it will take a while for policymakers to evaluate the current state of inflation, keeping the timing of
An airplane passes during a partial solar eclipse seen from Queens, New York City, U.S., April 8, 2024. Andrew Kelly | Reuters Monday’s solar eclipse is giving some of the country’s smaller airports their moment in the sun. The Federal Aviation Administration reported arriving flights at airports from Burlington, Vermont, to southern Illinois were briefly
U.S. Treasury Secretary Janet Yellen said Monday that future discussions between the U.S. and China will focus on Beijing’s need to shift its policy on industry and the economy, as she wrapped up the fourth and final full day of her trip to China on April 8. 2024. Pedro Pardo | Afp | Getty Images
Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building on Dec. 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images Jamie Dimon, the veteran CEO and chairman of JPMorgan Chase, said he was convinced
Brad Garlinghouse, CEO of Ripple, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2022. Mike Blake | Reuters The CEO of blockchain startup Ripple sees the combined market capitalization of the cryptocurrency market topping $5 trillion this year. Ripple’s Brad Garlinghouse told CNBC that he expects the entire
Visitors wearing emblematic Mickey Mouse and Minnie Mouse ears walk in front of the Sleeping Beauty-inspired castle at Disneyland Paris, Oct. 16, 2023. Ian Langsdon | Afp | Getty Images Three years ago, Josh D’Amaro stood in a nearly empty Disneyland. The California theme park’s Main Street was quiet: no cheery tunes from famed barbershop quartet
High-rise buildings are illuminated at night in the West Coast New Area of Qingdao, East China’s Shandong province, on March 22, 2024. Nurphoto | Nurphoto | Getty Images BEIJING â China’s real estate troubles are likely far from over and industry problems need to be addressed quickly if overall GDP growth is to pick up
Artificial intelligence has been instrumental to weather forecast modeling for years, and recent breakthroughs in generative AI dangle the possibility of it becoming more accurate. That’s what Spire Global is betting on in its recently announced partnership with AI darling Nvidia. “What deep learning and neural networks and generative AI have done is they have
A new ETF is trying to capture profits in the municipal funds space. BondBloxx’s Joanna Gallegos is behind the IR+M Tax-Aware Short Duration ETF (TAXX) â which launched less than a month ago. “When you think about municipal bond portfolios, you really want people to think beyond them and look for the relative value of
As Gatorade approaches its 60th birthday, the brand is staying spry, branching out into new categories from unflavored water to energy drink mixes. Since its founding in 1965, Gatorade has been the dominant sports drink. It accounted for 63.5% of the U.S. sports drink market in 2023, according to Euromonitor International data. Owner PepsiCo’s archrival
Investors may want to stick with fixed income investments â possibly even adding to them â despite the Federal Reserve’s intention to cut interest rates this year. “Your biggest mistake could be rushing back into equities before you’re considering all these opportunities in fixed income,” BondBloxx co-founder and COO Joanna Gallegos told CNBC’s “ETF Edge”
Americans are suffering through a trauma of stolen expectations. The result is what you might call The Great Unhappiness. First off, are things bad in America right now? Is the economy tanking? Not at all. America is booming. Our economy is growing at 3.2% per year, the highest post-Covid growth rate of any of the G-7
The Mandalorian and the Child (Grogu) on Disney+’s “The Mandalorian.” Disney The Walt Disney Company‘s new theatrical slate unveiled Friday will feature the dynamic duo of the Mandalorian and Grogu, a fifth “Toy Story” film and another “Tron” flick before the end of 2026. The company’s theatrical business has struggled in the wake of pandemic
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