James Bullard Olivia Michael | CNBC NEW YORK — St. Louis Federal Reserve President James Bullard cautioned Thursday that without central bank action on interest rates, inflation could become an even more serious problem. “We’re at more risk now than we’ve been in a generation that this could get out of control,” he said during
Millions of Americans are quitting their jobs and rethinking what they want when it comes to work and work-life balance. Companies are responding, meeting their employees’ needs in areas like remote work, flexible hours, four-day workweeks, compensation and more. This story is part of a series looking at the “Great Reshuffle” and the shift in
A woman walks by a Family Dollar store on December 11, 2018 in the Brooklyn borough of New York City. Spencer Platt | Getty Images Discount chain Family Dollar is voluntarily recalling several of its products that shipped to more than 400 stores in the South after a U.S. Food and Drug Administration investigation uncovered
The Roku 3 television streaming player menu is shown on a television in Los Angeles, California, U.S., on Thursday, Sept. 12, 2013. Patrick T. Fallon | Bloomberg via Getty Images Check out the companies making headlines after the bell: Roku — Shares of video-streaming company dropped 12% in extended trading after the firm’s fourth-quarter revenue missed
Russell Toll and his wife, Heidi, when he returned from service in Iraq in 2009. Russell Toll When the child tax credit checks started to be delivered in July of last year, Russell Toll saw it as an investment in his family. With the help of the credit, the Dallas-area resident was able to speed
German Chancellor Olaf Scholz on Saturday rejected calls from Ukraine’s president to sanction Russia now, saying that Moscow should not be sure “exactly” how the West will respond to a potential invasion. Speaking to CNBC’s Hadley Gamble at Germany’s annual Munich Security Conference, Scholz said that Western allies were “well prepared” to sanction Russia —
In this article SHAK DKNG ROKU BLMN DE DBX Check out the companies making headlines before the bell: DraftKings (DKNG) – The sports betting company’s stock tumbled 13.2% in the premarket, despite a narrower-than-expected quarterly loss and revenue that beat estimates. DraftKings projects a wider-than-expected adjusted loss for the full year as costs continue to
Getty Images The Covid-19 pandemic has prompted millions of Americans to put plans, including weddings, on hold. As 2022 unfolds and, we hope, the worst of the pandemic is behind us, nuptials are expected to take place in record numbers. The Wedding Report, a wedding market research firm, projects there will be 2.5 million weddings
Samuel Corum/Bloomberg via Getty Images Rules around small business taxes have changed significantly in the last two years. This year is no exception as many of the various pandemic-era deductions and deferrals come to an end. The good news is that even though these benefits are ending, the impact on the overall tax rate for
Bill Gates said Friday that the risks of severe disease from Covid-19 have “dramatically reduced” but another pandemic is all but certain. Speaking to CNBC’s Hadley Gamble at Germany’s annual Munich Security Conference, Gates, co-chair of the Bill & Melinda Gates Foundation, said that a potential new pandemic would likely stem from a different pathogen
An investor sits in front of a board showing stock information at a brokerage office in Beijing, China. Thomas Peter | Reuters BEIJING — If U.S. regulation forces Chinese companies to delist from New York, new rules from Beijing further complicates their path to raising money in public markets abroad. Since Tuesday, new rules from
Ting Shen/Bloomberg via Getty Images The Consumer Financial Protection Bureau on Friday pledged a crackdown on student loan servicers that flout rules on loan forgiveness for public servants. The government agency said it “plans to prioritize” oversight of student loans in the coming year, with a “specific focus” on monitoring how servicers are engaging with
The nation’s museums are facing increased flooding and more frequent wildfires, and all that history inside is at risk. The value at stake is incalculable. Now the rush is on to make the structures more resilient, but funding that will be a feat. The problem is particularly acute at the nation’s Smithsonian museums. At the
Mexican avocados are seen for sale at a market in Mexico City on February 15, 2022. Pedro Pardo | AFP | Getty Images The U.S. Department of Agriculture announced Friday that imports of Mexican avocados could resume after a brief pause. A week ago, one of the USDA’s Animal and Plant Health Inspection Service inspectors
A Doordash delivery person rides their bike on Church Avenue in the Flatbush neighborhood of Brooklyn on December 04, 2020 in New York City. Food delivery startup DoorDash Inc is expected to raise its U.S. initial public offering up to $3.14 billion. Michael M. Santiago | Getty Images Shares of DoorDash soared as much as
A view of the Marriner S. Eccles Federal Reserve building on January 26, 2022 in Washington, DC. Anna Moneymaker | Getty Images Federal Reserve officials won’t be able to trade a slew of assets including stocks and bonds — as well as cryptocurrencies — under new rules that became formal Friday. Following up on regulations
In this article KER-FR Shoppers wait in line to enter a Gucci store on Fifth Avenue in New York, U.S., on Saturday, May 22, 2021. Victor J. Blue | Bloomberg | Getty Images LONDON — The chief executive of French luxury group Kering expects fashion label Gucci to continue to deliver growth for the company
A SpaceX Falcon 9 rocket and Dragon spacecraft ahead of the Inspiration4 mission in Merritt Island, Florida, U.S., on Wednesday, Sept. 15, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Elon Musk’s SpaceX is splitting the value of its common stock 10-for-1, CNBC has learned, with the company’s valuation having soared to more than
PeopleImages | iStock | Getty Images There was a time not too long ago when holding “AMT-free” municipal bond funds might have made perfect sense for many investors. These days? Maybe not so much. With a small share of taxpayers subject to the alternative minimum tax, or AMT, since a federal tax overhaul took effect
A sold sign is posted in front of a home in Phoenix, Arizona. Justin Sullivan | Getty Images Sales of previously owned homes in January rose 6.7% from December to a seasonally adjusted annualized rate of 6.5 million units, according to the National Association of Realtors. That exceeded Wall Street expectations significantly. Sales were 2.3%