The minimum wage and financial thresholds tied to things like Social Security taxes don’t change along with the cost of living.
Bill Ackman selling stake in Pershing Square at $10.5 billion valuation, aiming for IPO one day
Billionaire investor Bill Ackman is selling a 10% stake in Pershing Square, aiming to eventually take his investment firm public.
Stocks making the biggest moves premarket: Dell Technologies, Ulta Beauty, Ambarella, Gap and more
These are the stocks posting the largest moves in premarket trading.
The Fed’s preferred inflation measure rose 0.2% in April, as expected
The personal consumption expenditures price index for April was expected to show an inflation rate of 2.7% over the past 12 months.
Aston Martin postpones EV launch: Here’s why
CNBC’s Robert Frank joins ‘Squawk Box’ with the latest news from Aston Martin.
Euro zone inflation rises to 2.6% in May, but bloc still seen heading for interest rate cut
The European Central Bank is widely expected to cut interest rates next week.
France is aiming to become a global AI superpower — but not without help from U.S. Big Tech
The Viva Technology conference in Paris last week was buzzing with talk about how far France has come as a leader in artificial intelligence.
Stocks making the biggest moves after hours: Dell Technologies, MongoDB, Zscaler, Gap and more
These are the stocks posting the largest moves in after-hours trading.
Bank of America CEO says U.S. consumers and businesses have turned cautious on spending
Consumers and businesses are wrestling with inflation and borrowing costs that remain higher than they are accustomed to.
Fed’s favorite inflation gauge is expected to show very slow progress on Friday
The Commerce Department’s measure of personal consumption expenditures prices is expected to show inflation in April running at a 2.7% annual rate.