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Fed's Barkin says rate increases need to continue until inflation holds at 2%

Despite positive inflation data this week, Richmond Federal Reserve President Thomas Barkin said Friday that more interest rate increases will be needed to tamp down price pressures. Releases this week showing...

[cnbc.com]6 days ago

DOJ plans to retry Philip Esformes despite Trump commuting sentence of Florida nursing home owner

A highly unusual move by the Justice Department to retry Florida nursing home owner Philip Esformes on health-care fraud criminal charges after then-President Donald Trump commuted his 20-year prison sentence...

[cnbc.com]6 days ago

Polio detected in New York City sewage suggesting local circulation of virus, health officials say

Polio has been detected in New York City, suggesting local circulation of the virus, health officials said on Friday. New York State Health Commissioner Dr. Mary Bassett called the findings alarming. Bassett...

[cnbc.com]6 days ago

How Banks Make Money During Economic Changes | DataDrivenInvestor

Introduction What would happen if your bank refused to return your money upon withdrawal? Saying, “I’m broke”, you’d lose your checking account, life savings, and everything else. Well, as scary as this seems,...

[datadriveninvestor.com]6 days ago

Biden senior advisor Anita Dunn has to divest investment portfolio worth between $16.8 million and $48.2 million to avoid conflicts

White House senior advisor Anita Dunn is being forced to divest an investment portfolio worth an estimated $16.8 million to $48.2 million that ethics attorneys say poses significant conflicts of interest in...

[cnbc.com]6 days ago

Trump faces a slew of investigations and lawsuits — and they're heating up as he weighs White House run

As Donald Trump considers whether to make a third run for the White House — and when to announce that decision — the former president faces a raft of official investigations and civil lawsuits. Several of...

[cnbc.com]6 days ago

Pharma stocks crater as investors brace for billions in heartburn drug litigation charges

Shares of GlaxoSmithKline , Sanofi and Haleon all sold off sharply this week, shedding tens of billions in market value, amid investor fear over potential U.S. litigation charges focused on popular heartburn...

[cnbc.com]6 days ago

Clothing subscriptions like Stitch Fix were once hot – but now might be the victims of ‘box fatigue’

After earning a master's degree a decade ago, David Hill wanted to amp up his personal style and signed up for the Trunk Club, which promised to mail him boxes of clothing tailored to his tastes as often as he...

[cnbc.com]1 week ago

German energy giant RWE to burn extra coal as Russian gas supplies dwindle

The chief financial officer of German energy firm RWE told CNBC Thursday that it will burn more coal in the short term — but insists its plans to be carbon neutral in the future remain in place. Michael...

[cnbc.com]1 week ago

Huawei's second quarter revenue rises slightly from a year ago

BEIJING — Chinese telecommunications giant Huawei released figures Friday that showed its first quarterly increase in revenue since 2020. Huawei has come under pressure in the last few years from U.S....

[cnbc.com]1 week ago

Fed expected to stick with hawkish rate hikes until data show further slowing in inflation

The Federal Reserve is unlikely to pivot from its hawkish interest rate hikes despite positive signs this week that inflation in the U.S. could be easing, according to market strategists. On Thursday, the...

[cnbc.com]1 week ago

This Chinese province set a 9% GDP target — but then it locked down

BEIJING — China's tourist-heavy province of Hainan is falling further behind lofty growth goals it set in January. Back then, the island said it aimed for 9% GDP growth this year. But like China's economy...

[cnbc.com]1 week ago
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