Author: admin@finance

Up to $400 million worth of classic cars will roll across the auction block in Monterey and Pebble Beach. CNBC’s Robert Frank joins ‘Squawk Box’ with a look at sales expectations.

The Jefferies strategist told CNBC that central bankers shouldn’t be daunted by the PPI showing inflation pressures hotter than expected.

An estimated 1,140 classic cars will come up for sale at Monterey Car Week, the annual gathering of classic car collectors from around the world.

The producer price index was expected to show a 0.2% increase for July, according to the Dow Jones consensus estimate.

Sumerlin said on CNBC that lowering the Fed’s key rate would be an easy decision now.

Goldman Sachs is taking the heat for its call that heavier tariff-induced consumer inflation is ahead, but it’s far from alone in that view.

Goldman Sachs economist David Mericle on Wednesday stood by a controversial forecast that tariffs will begin to hit consumer wallets.

The sartorial shake-up could herald a new era of large logos, bold branding and distinctive designs dominating catwalks to high streets.

Both did not commit to how they would vote on interest rates. However, they praised Trump’s pro-growth agenda.

The CPI was projected to increase 0.2% in July and 2.8% for a year ago on headline, and 0.3% and 3% on core