Inflation rose in line with expectations in February, likely keeping the Federal Reserve on hold before it can start considering interest rate cuts, according to a measure the central bank considers its more important barometer. The personal consumption expenditures price index excluding food and energy increased 2.8% on a 12-month basis and was up 0.3%
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Former President Donald Trump selling God Bless America Bibles on Truth Social. Source: Truth Social Sneakers. Perfume. Trading cards. Bibles. Those are just some of the products Donald Trump is hawking while he runs to unseat President Joe Biden. They join a sprawling catalog of Trump-branded merchandise, ranging from steaks to scented candles, that the
[The stream is slated to start at 1:00 PM ET. Please refresh the page if you do not see a player above at that time.] CNBC’s ETF Edge is dedicated to the fastest-growing trend in investing right now: ETFs. Every Monday, Bob Pisani will be joined by a panel of top market participants to offer
The trading floor of the New York Stock Exchange prepares for the social media platform Reddit’s initial public offering in New York City on March 21, 2024. Spencer Platt | Getty Images Reddit shares are plummeting after experiencing a rally stemming from the social media company’s IPO last week. Shares closed at $49.32, ending the
2024 Toyota Tacoma Trailhunter Toyota NEW YORK — Toyota Motor is evaluating an expansion of its U.S. truck lineup that could include all-electric or plug-in hybrid electric versions of its Tacoma and Tundra pickups. Jack Hollis, executive vice president of Toyota Motor North America, said the Japanese automaker is assessing its options to determine what
Anna Barclay | Getty Images News | Getty Images Advertising guru Martin Sorrell has questioned the prospects of Donald Trump’s newly public Truth Social platform, saying it was currently “unfathomable” that clients would want to buy ads on the site. The British businessman told CNBC on Wednesday that the former U.S. president’s social media platform
Nikos Pekiaridis | Lightrocket | Getty Images Moderna has more to offer beyond its Covid vaccine. The biotech company Wednesday announced positive clinical trial data on three experimental vaccines against other viruses. The company is moving those shots to final stage studies, it said. The update brings Moderna a step closer to having multiple products
Central Florida Tourism Oversight District board chairman Martin Garcia, right, delivers remarks as Florida Gov. Ron DeSantis listens during a news conference at CFTOD headquarters at Walt Disney World on Thursday, Feb. 22, 2024, in Lake Buena Vista, Florida. Joe Burbank | Orlando Sentinel | Getty Images Disney agreed Wednesday to end litigation in state
A major Baltimore bridge collapsed early Tuesday after it was hit by a large container ship. Six people were missing after the collision at the Francis Scott Key Bridge, according to Paul Wiedefeld, Maryland’s transportation secretary. Two people were rescued, with one transported to a trauma center in serious condition. The missing people may have
The 10-year U.S. Treasury yield fell slightly on Tuesday as investors weighed the previous day’s data points and looked ahead to key inflation figures later in the week. 10-year yields were trading around 1 basis point lower at 4.2356% at 5:48 a.m. ET. The yield on the 2-year Treasury yield was flat at 4.5910%. Yields and prices
Former US President Donald Trump arrives at 40 Wall Street after his court hearing to determine the date of his trial for allegedly covering up hush money payments linked to extramarital affairs in New York City on March 25, 2024. Charly Triballeau | AFP | Getty Images Donald Trump faces hundreds of millions of dollars
Former U.S. President Donald Trump sits in the courtroom at a hearing in his criminal case on charges stemming from hush money paid to a porn star in New York City, U.S., March 25, 2024. Brendan Mcdermid | Reuters Jury selection in the criminal hush money trial of Donald Trump will begin on April 15,
The Amgen logo is displayed outside Amgen headquarters on May 17, 2023 in Thousand Oaks, California. Mario Tama | Getty Images Amgen is taking a new approach as it tries to stand out in a crowded field of drugmakers racing to develop the next blockbuster weight loss drug. The biotech company is testing an injectable
The video game industry cannot quit microtransactions. In fact, two of the largest video game companies in the United States — Electronic Arts and Take-Two Interactive — now make the overwhelming majority of their money from live-service games, subscriptions and in-game purchases, according to their recent earnings reports. Microtransactions are purchases that users make inside a game using
Former U.S. President Donald Trump speaks to the media after voting at a polling station setup in the Morton and Barbara Mandel Recreation Center on March 19, 2024, in Palm Beach, Florida. Joe Raedle | Getty Images Donald Trump faces the severe risk that New York‘s attorney general will begin trying to collect a $454
Car insurance is getting more expensive. The average annual premium for full coverage auto insurance in the U.S. rose to $2,543 in 2024 — up 26% from the previous year, according to Bankrate. Factors such as longer repair times and more expensive rental car costs are resulting in rising prices, according to a report by
Boxes of Wegovy made by Novo Nordisk are seen at a pharmacy in London, Britain March 8, 2024. Hollie Adams | Reuters Demand for weight loss drugs is booming in the U.S. despite their limited insurance coverage and roughly $1,000 monthly price tags before discounts. But some patients are willing to pay more out of
U.S. President Joe Biden and Vice President Kamala Harris meet with (L-R) Senate Minority Leader Mitch McConnell (R-KY), House Speaker Mike Johnson (R-LA), Senate Majority Leader Chuck Schumer (D-NY), House Minority Leader Hakeem Jeffries (D-NY), on February 27, 2024 at the White House in Washington, DC. Roberto Schmidt | Getty Images President Joe Biden on
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