Billionaire bond investor Jeffrey Gundlach said Friday that inflation in consumer prices likely will remain elevated through 2021 and stay above 4% through at least 2022. Citing pressures from shelter costs and rising wages, the head of DoubleLine Capital told CNBC that he sees the current inflation run as non-transitory and instead likely to persist
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House Speaker Nancy Pelosi holds weekly press conference at the U.S. Senate in Washington D.C., United States on October 21, 2021. Yasin Ozturk | Anadolu Agency | Getty Images House Speaker Nancy Pelosi said Sunday that Democrats are close to finalizing an agreement on the social safety net plan that would allow for the bipartisan
A patient receives their coronavirus disease (COVID-19) vaccine booster during a Pfizer-BioNTech vaccination clinic in Southfield, Michigan, U.S., September 29, 2021. Emily Elconin | Reuters Nearly 100 million people nationwide are immediately eligible to receive Covid booster shots after the Centers for Disease Control and Prevention authorized extra doses of Moderna and Johnson & Johnson‘s
In this article SQ TWTR Jack Dorsey, CEO of Twitter and co-founder & CEO of Square, speaks during the crypto-currency conference Bitcoin 2021 Convention at the Mana Convention Center in Miami, Florida, on June 4, 2021. Marco Bello | AFP | Getty Images Twitter co-founder Jack Dorsey weighed in on escalating inflation in the U.S.,
In this article FB With an image of himself on a screen in the background, Facebook co-founder and CEO Mark Zuckerberg testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill October 23, 2019 in Washington, DC. Chip Somodevilla | Getty Images Facebook on Friday was hit with multiple
Pork and beef products are displayed on a shelf at a Safeway store on October 4, 2021 in San Francisco, California. Justin Sullivan | Getty Images There’s been a great deal of chatter of late in financial papers, broadsheets and business television on how to exactly describe, and deal with, the economic environment in which
Former federal prosecutor Renato Mariotti broke down the legal issues the Justice Department will have to weigh after the House asked the DOJ to criminally prosecute Trump advisor Steve Bannon over his refusal to cooperate with an investigation into the Jan. 6 attack on the Capitol. “They have to weigh, first of all, whether or
In this article AAPL Sundar Pichai, Google testifies at congressional hearing, March 25, 2021. CNBC Google said on Thursday that it’s lowering service fees in its app store after a similar move by Apple. Both companies have faced pressure to make their app stores more accessible to developers as lawmakers weigh new rules that could
Former President Donald Trump speaks to supporters during a rally at the Iowa State Fairgrounds on October 09, 2021 in Des Moines, Iowa. Scott Olson | Getty Images Former President Donald Trump announced Wednesday he will be launching his very own media network, including a social media platform called “TRUTH Social,” in order to “stand up to
Starship prototype SN15 returns for a landing on May 5, 2021 after a high-altitude flight test. SpaceX Between Elon Musk’s two largest companies, investors and experts have a long-term favorite. Most “institutional investors and industry experts” surveyed by Morgan Stanley expect SpaceX to become more valuable than Tesla, and see it as a more attractive
In this article SNAP FB CEO of Snap Inc. Evan Spiegel walks to a morning session at the Allen & Company Sun Valley Conference on July 07, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Snap CEO Evan Spiegel on Tuesday said that regulation is not a substitute for the moral responsibility that
Russian tycoon Oleg Deripaska speaks to media in front of the office of Gorkovsky Automobile Plant (GAZ) in Nizhny Novgorod, Russia April 16, 2019. Maxim Shemetov | Reuters FBI agents are at the home of Russian energy tycoon Oleg Deripaska, the agency confirmed Tuesday. The agents are conducting “court-authorized law enforcement activity” at Deripaska’s home
Lori Glaze, director of NASA’s planetary science division, explained how the agency’s Lucy asteroid mission will help illuminate the solar system’s formation. “The Lucy mission is really exciting, it’s going out to visit these special asteroids that are, they orbit the sun at about the same distance as Jupiter … and they’re special remnants that
In this article AMZN Amazon fulfillment center in Eastvale, California on Tuesday, Aug. 31, 2021. MediaNews Group/The Riverside Press-Enterprise via Getty Images | MediaNews Group | Getty Images Amazon said Monday it’s hiring 150,000 seasonal employees in the U.S. to assist with a surge of demand tied to the holiday shopping rush. It’s a sharp
Still from Universal and Blumhouse’s “Halloween Kills.” Universal Audiences flocked to theaters over the weekend to see Universal and Blumhouse’s latest horror flick “Halloween Kills.” The sequel to 2018’s “Halloween” generated an estimated $50.35 million in ticket sales during its domestic debut despite also being made available on Universal’s streaming platform Peacock over the weekend.
People celebrate the Gitlab IPO at the Nasdaq, October 14, 2021. Source: Nasdaq On Oct. 9, 2017, GitLab announced a $20 million funding round led by Alphabet’s GV, formerly known as Google Ventures. The news hit just as larger rival GitHub was about to start its annual developer conference. It was just one instance of
General view of the Hollywood Sign on November 17, 2020 in Hollywood, California. AaronP/Bauer-Griffin | GC Images | Getty Images A deal has been struck between Hollywood’s studios and a union representing its film and television crews that would avert a historic strike that has threatened to shut down production across the industry. On Saturday,
2020 MacBook Air with M1 chip Todd Haselton | CNBC Apple is holding a launch event on Monday to announce new products, like a redesigned MacBook Pro. Apple has a chance to drive continued momentum to its Macs ahead of the holiday shopping season, especially since it’s expected to announce more computers that run on