“As we create more premium beverages, it becomes more difficult for customers to replicate it at home and we think that helps with the concept of trade down,” Starbucks CFO Rachel Ruggeri told CNBC’s “Squawk Box” on Aug. 3. Gary Hershorn / Contributor / Getty Images Wall Street’s reaction to …

Federal Reserve interest rate hikes have made paying off debt more expensive. But one positive outcome is that rock-bottom interest rates on high-yield savings accounts are finally rising. In fact, rates have climbed to their highest level since 2019, according to Greg McBride, Bankrate’s chief financial analyst. High-yield savings accounts, …

A McDonald’s “Big Breakfast” and Egg McMuffin are displayed at a McDonald’s restaurant in Fairfield, California. Justin Sullivan | Getty Images No, McDonald’s isn’t bringing back its popular all-day breakfast next month. The fast-food giant ended the offering during the early days of pandemic lockdowns as part of a broader …

The initial price cap on Russian oil will be set “at a level based on a range of technical inputs.” Bloomberg | Bloomberg | Getty Images The Group of Seven wealthy nations on Friday agreed on a plan to implement a price capping mechanism on Russian oil exports, seeking to …

Nonfarm payrolls rose solidly in August amid an otherwise slowing economy, while the unemployment rate ticked higher as more workers rejoined the labor force, the Bureau of Labor Statistics reported Friday. The economy added 315,000 jobs for the month, just below the Dow Jones estimate for 318,000. The unemployment rate …

Although it has now established more consistent messaging to the market, the U.S. Federal Reserve needs to do two more things to re-establish its credibility, according to Mohamed El-Erian, chief economic advisor to Allianz. Fed Chairman Jerome Powell struck a hawkish tone during his speech at the Jackson Hole economic …

Check out the companies making headlines before the bell: Lululemon (LULU) – Lululemon rallied 9.5% in the premarket after reporting better-than-expected quarterly results and issuing an upbeat outlook. The athletic apparel and leisurewear maker said it continues to see strong sales momentum. related investing news New Starbucks CEO has exactly …

This story is part of CNBC Make It’s Millennial Money series, which details how people around the world earn, spend and save their money. For a long time, Amber and Jaylyn Bush frequently moved to wherever Jaylyn, a Marine, was stationed. But after about eight years, they were ready for a change. …

Economist and former Kremlin advisor Sergei Guriev on Friday warned that Russia could become like “North Korea on steroids” when President Vladimir Putin is replaced, saying the current political system would likely collapse when a new leader takes the reins. His comments come ahead of the funeral of the Soviet …

Pakistan’s foreign minister made an urgent call for international aid, with the death toll from historic flooding across the country expected to rise in the coming days. Already reeling from an economic crisis, flood waters have submerged over one third of the country in water, killing over 1,000 and impacting …