Bowman said reacting to the inflation surge, driven primarily by energy prices and tariffs, has proven ineffective.
How the ‘double scar’ of past inflation woes and geopolitical shocks amid the Iran war is hitting consumers
Mental “scars” reinforce fears of stagflation, when rising prices coincide with declining growth, research finds.
Stocks making the biggest moves premarket: Dell Technologies, HP, AST SpaceMobile, Gap & more
These are the stocks posting the largest moves premarket.
Stocks making the biggest moves after hours: Dell Technologies, American Eagle Outfitters, Gap & more
See which stocks are posting big moves after the bell.
The wealthiest investors are pulling money out of the U.S. in the ‘de-dollarization’ trade
Fears of an AI bubble, tariffs, a falling dollar, volatile economic policies and rising debt have caused many family offices to dial back their U.S. exposure
CFTC sues Rhode Island over actions against prediction markets
It marks the seventh state the commission has sued in a dispute over who has the right to regulate event contract platforms.
Gaming association says states have lost $1 billion in tax revenue due to prediction markets
Bill Miller, American Gaming Association president and CEO, added that prediction market platforms in his view amount to “backdoor sports betting.”
New York passes Mamdani’s pied-a-terre tax. Here’s who pays and how much
Citadel CEO Ken Griffin became the face of the tax after New York City Mayor Zohran Mamdani posted a video in front of Griffin’s penthouse apartment.
Core inflation hit an annual rate of 3.3% in April, as expected, Fed’s preferred gauge shows
The PCE price index for April was expected to show an annual inflation rate of 3.8% for all items and 3.3% for core.
Stocks making the biggest moves premarket: Snowflake, Best Buy, Kohl’s, Dollar Tree & more
These are the stocks posting the largest moves premarket.