Inflation edged higher in October as the Federal Reserve is looking for clues on how much it should lower interest rates, the Commerce Department reported Wednesday. The personal consumption expenditures price index, a broad measure the Fed prefers as its inflation gauge, increased 0.2% on the month and showed a 12-month inflation rate of 2.3%. … Read more
People crossing street in Tokyo’s busy Akihabara downtown area Leopatrizi | Istock | Getty Images Asia-Pacific markets started Friday lower, with investors assessing November inflation numbers from Japan’s capital of Tokyo and industrial production figures from South Korea. The headline inflation rate in Tokyo came in at 2.6%, a rebound from the 1.8% seen in … Read more
President-elect Donald Trump’s proposed steep tariffs on imports could create winners in the stock market — particularly among companies that help businesses manage their supply chains, according to Redburn Atlantic. The investment firm identified five stocks that could see their prices rise if Trump implements his proposed tariffs: Descartes Systems Group , Kinaxis, Manhattan Associates … Read more
Cranberries are a Thanksgiving staple in many U.S. households — and scientists hope AI can help keep it that way. Americans typically consume 80 million pounds of the bright red fruit around the holidays, according to the Ocean Spray agricultural cooperative. With climate change and rising temperatures already creating challenges for U.S. cranberry farmers, researchers … Read more
Workers transporting soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China, Oct. 31, 2010. Stringer | Reuters BEIJING — China will start limiting exports of critical metal tungsten this weekend, just as alternatives to Chinese suppliers of the metal are reopening. It’s a reversal of past decades, during which, … Read more
A Chinese bank worker prepares to count a stack of US dollars together with stacks of 100 Chinese yuan notes at a bank in Hefei, east China’s Anhui province on March 9, 2010. STR/AFP | Getty Images Chinese authorities are contending with a weakening yuan as global investment banks forecast the currency to hit record … Read more
Investors should look beyond the most popular, large cap stock funds next year, but that doesn’t mean they have to get too defensive, according to Astoria Portfolio Advisors. John Davi, Astoria’s CEO and chief investment officer, told CNBC that the huge amount of cash that has flowed into index funds tracking the S & P … Read more
When Steve Menking started working on Wall Street in his early 20s, he thought he found a career for life. Instead, shortly after his 25th birthday, Menking jokes that he had a “quarter-life crisis” while working as an equities trader at SMB Capital. “I watched colleagues my age — or younger — excelling in their … Read more
Some CEOs say work-life balance is a myth. Others swear it’s a key to their success. Glassdoor CEO Christian Sutherland-Wong is in the latter category. He worked his way up from vice president of product in 2015 to leading the jobs website in 2020. With more than 500 employees under his leadership, he says he … Read more
The US Capitol building in Washington, DC, on November 24, 2024. Daniel Slim | Afp | Getty Images Most of Connecticut’s congressional delegation said they were the subject of bomb threats Thursday at their homes as they were preparing to celebrate Thanksgiving, although no bombs ultimately were found. Democratic Reps. Jim Himes, Jahana Hayes, Joe … Read more