Intergenerational mobility is falling in the U.S. — and when and where a child grows up can determine their future income.
A-Rod regrets not investing in Amazon, Microsoft or Starbucks in the ’90s: ‘I wouldn’t have to work so hard today’
At the start of his baseball career, Alex Rodriguez made millions in Seattle — home of Amazon, Microsoft and Starbucks during the 1990s dot-com boom.
JPMorgan Chase shares slip after bank says CEO Jamie Dimon is selling 1 million shares
JPMorgan Chase CEO Jamie Dimon will begin to sell 1 million shares of the bank he runs next year, the bank said.
Elon Musk wants your ‘entire financial life’ on X: Report
X owner Elon Musk wants to create a future in which X users can use the platform for their entire financial lives, according to a report from The Verge.
Bank branches inside supermarkets are closing 7 times faster than other locations
PNC, Citizens Financial and U.S. Bank shut the most in-store locations recently at chains including Safeway and Stop & Shop.
Key Fed inflation gauge rose 0.3% as expected in September; spending tops estimate
The core personal consumption expenditures price index was expected to increase 0.3% in September.
Global bond rout looks ‘tremendously dangerous’ for stocks, hedge fund manager warns
An intensifying bond rout is creating a “tremendously dangerous” outlook for global equities, according to Livermore Partners’ CIO.
Stocks making the biggest moves premarket: Amazon, Intel, Enphase Energy and more
These are the stocks posting the largest moves in premarket trading.
Huawei’s revenue barely rose in the third quarter, despite phone and car sales growth
Chinese tech giant Huawei reported revenue figures Friday that showed only a 1% increase in the third quarter from a year ago, according to CNBC calculations.
Chinese smartphone maker Xiaomi releases a new operating system as it plans car integration
Chinese smartphone and appliance maker Xiaomi announced late Thursday a new operating system — as it plans to release its own car.