History has shown that inflation is stubborn and can last longer than expected.
Category: Finance News
Winner of record $1.6 billion-plus Mega Millions jackpot should watch out for these pitfalls, experts warn
There’s a winner for the $1.6 billion-plus Mega Millions jackpot, and all six numbers matched a ticket sold in Florida. Experts cover possible pitfalls.
Stocks making the biggest moves midday: Roblox, Penn Entertainment, Upstart and more
These are the stocks posting the largest moves in midday trading.
These 2 states offer unemployment benefits to workers on strike
Workers who go on strike generally don’t qualify for unemployment benefits. But two states — New York and New Jersey — are the exception to that rule.
These charts show what has Moody’s worried about regional banks including U.S. Bank and Fifth Third
The Moody’s downgrade of 10 banks this week and warnings that more could be coming reignited concerns over U.S. regional banks.
Stocks making the biggest moves premarket: Penn Gaming, Lyft, WeWork and more
WeWork’s stock fell more than 25% after the company warned of a potential bankruptcy.
China reports smaller-than-expected drop in consumer prices
Lackluster domestic demand has persisted since the pandemic.
Stocks making the biggest moves after hours: Penn Entertainment, Super Micro Computer, Rivian and more
These are the stocks posting the largest moves in extended trading.
Eli Lilly hits record high after earnings, Mounjaro hype. Here’s what the pros are saying
Pros on CNBC discussed Eli Lilly after the company beat earnings and revenue estimates for the second quarter and raised its full-year guidance.
Soft landing vs. mild recession: What advisors are telling their clients about the economy
After more than a year of gloomy forecasts for the U.S. economy, some experts have backed off recession predictions. Here’s what financial advisors say.