NY Fed’s inflation gauge outpaces headline PCE, hints at stubborn price pressures
Back when inflation surged after the COVID pandemic, the New York Fed rolled out a measure of prices that showed that things were heading to normalcy more than official statistics suggested.
Skechers to be acquired by 3G Capital in take-private deal
The entrance of the Skechers retail store at the Barton Creek Square Mall on July 16, 2024 in Austin, Texas. Brandon Bell | Getty Images Footwear giant Skechers has agreed to be acquired by private equity firm 3G Capital for $63 per share, ending its nearly three-decade run as a public company, the retailer announced […]
Can Trump really put tariffs on films produced abroad? The law says no.
A law passed by Congress in 1988 explicitly bars the president from being able to regulate the import and export of films, books and music — something TikTok recently brought up.
Newark flight delays sparked by air traffic control failure
People wait in line for a delayed flight at Newark International Airport on May 5, 2025 in Newark, New Jersey. Spencer Platt | Getty Images Air traffic controllers lost contact with aircraft heading to and from Newark Liberty International Airport last week, their union said, detailing an equipment failure that led to massive flight delays […]
My husband and I have $3M and are blessed with 3 children. Are we obliged to give them each $50K for their education?
“Do we have an inherent responsibility to support our children with college and perhaps skimp on early retirement?”
Trump signs order to boost U.S. drug manufacturing
U.S. President Donald Trump speaks before signing executive orders in the Oval Office at the White House, in Washington, D.C., U.S., May 5, 2025. Leah Millis | Reuters President Donald Trump on Monday signed an executive order to incentivize prescription drug manufacturing in the U.S., streamlining the path for pharmaceutical companies to build new production […]
FanDuel Sports Network touts streaming subscriber growth
The regional sports networks owned by Main Street Sports Group are winning over streaming subscribers. FanDuel Sports Network, the recently rebranded portfolio of regional channels, said Monday its paid subscribers doubled to nearly 650,000 over a period of eight weeks. The company expects to reach one million direct-to-consumer customers by the end of the year. […]
Warren Buffett offered this timely investment advice after a tumultuous April for equities
The Berkshire Hathaway CEO had some wise words for investors before announcing that he intends to step down.
Ford Motor (F) earnings Q1 2025
The Ford display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC DETROIT – Ford Motor is set to report its first-quarter earnings after the markets close Monday, but investor focus is expected to be more on the automaker’s 2025 guidance and impact of President Donald Trump’s […]
Buy stocks just when a recession is confirmed? Here’s why the risk can pay off.
The “Recession Buy Indicator” has an impressive track record.
