The Pershing Square Capital Management CEO said he did not believe the Federal Reserve could get inflation back down to its 2% target.
Category: Finance News
Brad Gerstner says AI is going to be bigger than the internet, bigger than mobile
“AI is going to be bigger than the internet, bigger than mobile and bigger than cloud software,” Gerstner said.
Stocks making the biggest moves midday: CarMax, Accenture, Peloton, Jefferies and more
These are the stocks posting the largest moves in midday trading.
Latino household wealth is growing: Here’s what you need to know
CNBC’s Contessa Brewer reports on the jump in household wealth for Latinos over the last decade.
Ray Dalio says the U.S. is going to have a debt crisis
The billionaire investor’s comments come as the U.S. debt levels surpassed $33 trillion for the first time in September.
‘Retirement spending is not pass-fail,’ advisor says. How to reframe your strategy to reduce stress
Retirement security is a concern for many older Americans and outliving savings is often their biggest fear. Here’s how to reframe retirement spending.
Stocks making the biggest moves premarket: Micron, CarMax, GameStop and more
These are the stocks posting the largest moves in premarket trading.
Stocks making the biggest moves after hours: Micron, Peloton, Jefferies and more
These are the stocks posting the largest moves in extended trading.
Costco beat on earnings and won Wall Street upgrades. What the pros say to do next
Pros on CNBC talked about Costco after the wholesale club posted latest quarter results that beat estimates, as memberships rose year over year.
CEO of private credit giant Ares says his firm is benefitting from rising rates
Michael Arougheti, who helms one of the largest private credit firms in the world, said he’s not too concerned about a major default cycle.