Valentinrussanov | E+ | Getty Images High inflation is leading to reduced savings and higher credit card debt — and there are some signs households may be reaching a tipping point under increased financial pressures. A new survey from Bankrate finds 39% of individuals surveyed in January said their emergency …
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A measure the Federal Reserve watches closely to gauge inflation rose more than expected in January, indicating the central bank has more work to do to bring down prices. The personal consumption expenditures price index excluding food and energy increased 0.6% for the month, and was up 4.7% from a …
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The 16th edition of International Defence Exhibition and Conference and the seventh edition of the Naval Defence and Maritime Security Exhibition in Abu Dhabi, United Arab Emirates, on Feb. 21, 2023. Mohammed Zarandah | Anadolu Agency | Getty Images Few things illustrate the health of the arms industry like a …
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People shop near prices displayed in a supermarket on February 13, 2023 in Los Angeles, California. Mario Tama | Getty Images News | Getty Images OECD Secretary-General Mathias Cormann said the global economic outlook is “slightly brighter” this year but inflation challenges remain. “The outlook for the world is slightly …
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Adobe CEO Shantanu Narayen Mark Neuling | CNBC Adobe shares fell as much as 5% in extended trading following a report that said the U.S. Justice Department is planning a lawsuit to block the company’s $20 billion acquisition of startup Figma. A case could come as soon as next month, …
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MStudioImages | E+ | Getty Images If you’re looking for a relatively safe place for cash, Treasury bills have recently become more attractive, experts say. Backed by the U.S. government, Treasury bills, or T-bills, have terms ranging from four weeks up to 52 weeks, and investors receive interest when the …
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Andrew Ross Sorkin wears many hats — though he’s perhaps most recognizable for his role as co-anchor on CNBC’S “Squawk Box,” Sorkin is also an editor, columnist, producer, author and entrepreneur. The 46-year-old journalist and New York native got his start as an intern at Inside Edition before interning at …
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A gas flare outside Williston, North Dakota. Andrew Burton | Getty Images Congressional Democrats this week urged the Environmental Projection Agency to strengthen its proposal to regulate planet-warming methane gas emissions from the country’s oil and gas sector. The letter, led by Sen. Martin Heinrich, N.M. and Rep. Diana DeGette, Colo., and …
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CEO of Alphabet and Google Sundar Pichai in Warsaw, Poland on March 29, 2022. Mateusz Wlodarczyk | Nurphoto | Getty Images The Department of Justice has renewed its focus on Google Maps, adding to its already-sprawling antitrust investigation into the company, Politico and Bloomberg reported Wednesday. The DOJ is homing …
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Fluxfactory | E+ | Getty Images In a year marked by stiff economic headwinds, retirement savers paid the price. Although the average 401(k) balance rose in the fourth quarter of last year, balances ended 2022 down 23% from a year earlier to $103,900, according to a new report by Fidelity …
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