As inflation spiked, Americans in the middle class were particularly hard hit. For them, prices increased faster than their income, according to a September report by the Congressional Budget Office. Households in the lowest and highest income groups saw their income grow faster than prices over the same time period, …

Alex Karp, CEO of Palantir, on day two of the World Economic Forum in Davos, Switzerland. Stefan Wermuth | Bloomberg | Getty Images Palantir co-founder and CEO Alex Karp knows many tech workers in Silicon Valley have misgivings about his data mining firm’s dealings with intelligence agencies and the military. …

Nelson Peltz David A. Grogan | CNBC Disney directors unanimously rejected activist investor Nelson Peltz’s request to join the board this month, in large part due to his lack of media industry expertise. That would be a stronger argument if Disney’s current board members had ample media and entertainment experience …

Ed Jones | Afp | Getty Images Between rents rising and most pandemic-era eviction bans having expired, the number of tenants coming home to find notices on their doors is picking up. In just the first week of January, the Eviction Lab at Princeton University has counted more than 9,300 …

Google headquarters is seen in Mountain View, California, United States on September 26, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Technology companies are leading the charge of companies buying wind and solar power. Amazon, Facebook parent company Meta, and Google, owned by parent company Alphabet, are the top …

Federal Reserve Chairman Jerome Powell has tested positive for Covid-19, the central bank announced Wednesday morning. Powell, 69, is “experiencing mild symptoms,” according to the announcement. “Chair Powell is up to date with COVID-19 vaccines and boosters. Following Centers for Disease Control and Prevention guidance, he is working remotely while …

Protesters holding EU and Ireland flags, and a ‘Keep the Protocol’ placard stand outside Parliament. Sopa Images | Lightrocket | Getty Images Ireland’s finance minister spoke of the new optimism and constructiveness surrounding talks between the U.K. and the EU following months of bitter post-Brexit trade disputes. The U.K. may …

Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris, France, April 18, 2016. Charles Platiau | Reuters Check out the companies making headlines in midday trading. J.B. Hunt Transport Services — The transportation stock jumped 4% after executives said on an earnings call that they expect to see the freight market rebound …

Trade tensions between the EU and the US are dominating the talk in Davos. Anadolu Agency | Anadolu Agency | Getty Images DAVOS, Switzerland — It’s the talk of the town. Transatlantic trade tensions are dominating conversations at the World Economic Forum this week. On the one hand, European officials …

The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C. Sarah Silbiger | Reuters Markets are nearly certain the Federal Reserve next month will take another step down in the pace of its interest rate increases. Pricing Wednesday morning pointed to a 94.3% probability of a 0.25 percentage point …