Fed chief Powell has a new catalyst for cutting rates after putting goodies ‘on the table’
Also, new rules for home buyers, an estate planning mistake to avoid and a passing of the torch for Big Tech
Delta CEO offers employees free flights after CrowdStrike-Microsoft chaos
Ed Bastian, CEO of Delta Air Lines, speaks during a keynote at CES 2020 in Las Vegas on Jan. 7, 2020. Bridget Bennett | Bloomberg | Getty Images Delta Air Lines CEO Ed Bastian on Friday offered employees two free travel passes to thank staff members who were caught in massive disruptions last month sparked […]
The market has a sinking feeling that the Fed has fallen behind the curve
The coming central-bank pivot won’t usher in a mere solo rate cut but a rate-cutting campaign.
Mortgage rates plunge to lowest level in over a year
A “For Sale” sign in front of a home in Arlington, Virginia, on Aug. 22, 2023. Andrew Caballero-Reynolds | AFP | Getty Images The average rate on the popular 30-year fixed mortgage dropped 22 basis points to 6.4% Friday, according to Mortgage News Daily. That is the lowest rate since April 2023. The 15-year fixed […]
Eli Lilly Zepbound, Mounjaro available after shortages, FDA says
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023. Brendan McDermid | Reuters All doses of Eli Lilly’s highly popular weight loss injection Zepbound and diabetes drug Mounjaro are now available in the U.S., according to an update on the U.S. Food and Drug […]
The U.S. economy is getting closer to a recession. What is the Fed waiting for?
The Fed should cut rates by 0.5% before the Jackson Hole meeting in late August, says Investment manager Louis Navellier.
DraftKings to tax winning bets in some states in a bid to boost profit
Budrul Chukrut | SOPA Images | Lightrocket | Getty Images Mobile betting powerhouse DraftKings is planning a tax on consumers in states with the highest sports betting tax rates, as the company looks to boost profit. The company announced Thursday that starting next year, it will implement a gaming surcharge on winning bets in states […]
Money is flowing into big-bank bonds as a haven from Friday’s stock-market plunge
The market movements suggest that investors are selling stocks and putting the money into bank bonds in search of yield.
Jeff Bezos investing big in AI through his family office
Jeff Bezos at the Allen & Company Sun Valley Conference on July 10, 2024 in Sun Valley, Idaho. David Grogan | CNBC A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your […]
Trump’s wish for tax-free Social Security is so reckless it’s almost funny
True, the Republican former president never drained the swamp. Maybe he’ll have a chance to drain the Treasury.
