Federal Reserve officials received confirmation on Friday that inflation continues to cool, setting the stage for a potential interest rate cut next month as they shift focus toward stabilizing the labor market. The personal consumption expenditures (PCE) price index showed a 2.5% increase in July compared to the previous

In a brief note to staff on Thursday, the company formerly known as Twitter announced that its longtime office and global headquarters in San Francisco will close in two weeks, on Sept. 13, according to one person familiar with the announcement. Employees in San Francisco will be moved to offices

“We are mindful that our employees and customers hold a wide range of beliefs, and the external and legal environment related to political and social issues continues to evolve,” Farley’s memo to employees read. “Ford does not utilize hiring quotas or tie compensation to the achievement of specific diversity

Home improvement giant Lowe’s is scaling back its diversity, equity, and inclusion (DEI) policies, joining a number of companies that have adjusted their programs following the U.S. Supreme Court's decision to strike down affirmative action in college admissions or after facing conservative criticism online. In an

Allstate Corp. is set to raise home insurance rates for California customers by an average of 34.1%, marking the largest premium increase by a major insurer in three years as the state grapples with a growing property insurance crisis. The rate hike, which will take effect in November, will

"OpenSea has received a Wells notice from the SEC, threatening legal action because they believe NFTs on our platform are securities," said OpenSea co-founder and CEO Devin Finzer. A Wells notice is a formal statement indicating the SEC’s staff plans to recommend an enforcement action. The SEC

French authorities charged Telegram CEO Pavel Durov late on Wednesday with preliminary charges related to alleged criminal activity on his messaging platform. After being questioned for four days, Durov was released but is prohibited from leaving France while the investigation continues. Durov, who co-founded Telegram, was detained on Saturday at

Republican presidential candidate Donald Trump said his top priority if reelected to the White House will be to “drill, baby, drill” to lower the cost of energy. Republican presidential candidate Donald Trump has stated that if he is reelected, his top priority will be to "drill, baby, drill"

According to new research from Clever Real Estate, a real estate firm based in St. Louis, nearly all residential real estate investors (90%) have experienced financial losses on their investments. Nearly half (42%) report losing more money than they have gained from real estate investing. Furthermore, almost half of the

In New York, rent has shot up 33% from pre-pandemic levels, and nationwide that figure is about 30%. Rent prices have surged in recent years, outpacing wage growth in many areas. Although wages grew faster than rents nationally last year — and in nearly half of major U.S. metro areas

Travis and Jason Kelce have signed a reported $100 million podcast deal with Amazon, $AMZN.Travis and Jason Kelce have signed a reported $100 million podcast deal with Amazon, $AMZN. The three-year agreement, unveiled on Tuesday, grants Wondery's audio network exclusive multimedia rights to the popular New Heights

Shake Shack will close six locations in California, including five in Los Angeles, following the state's $20 minimum wage hike for fast-food workers. According to a filing with the Securities and Exchange Commission on Tuesday, the burger chain is shutting down nine locations overall after a periodic review

The hosts of CNBC's Squawk Box sparred with Bharat Ramamurti, an informal economic adviser for Vice President Kamala Harris' campaign, over the Biden-Harris proposal to tax unrealized capital gains—a policy the hosts argued was "unfair" and potentially "unconstitutional." Hosts Rebecca Quick and

Wall Street's top regulator approved new rule changes on Wednesday that will require mutual funds and exchange-traded funds (ETFs) to report their portfolio holdings monthly instead of quarterly, aiming to improve transparency for investors. However, the U.S. Securities and Exchange Commission (SEC) backed away from pursuing more

Flight attendants at United Airlines (UAL.O) have voted overwhelmingly in favor of strike authorization, the Association of Flight Attendants-CWA announced on Wednesday. According to the union, over 90% of flight attendants participated in the vote, with 99.99% supporting the strike authorization. This marks the first strike authorization vote

Philip Morris International (PM.N) announced on Tuesday that it will invest $232 million to increase the production capacity of ZYN nicotine pouches at its Owensboro, Kentucky plant to meet rising demand. The investment will be made through one of PMI's Swedish Match affiliates, following a recent $600

Republican presidential nominee Donald Trump revealed on Tuesday that he is reintroducing a new series of digital trading cards, featuring himself in various scenarios such as dancing, dressed in a superhero outfit, and holding bitcoin. This "America First Collection" is part of Trump's ongoing series of

Democratic nominee Vice President Kamala Harris has committed to prioritizing the construction of a wall along the U.S.-Mexico border if she wins the presidential election in November—a stance long championed by her Republican opponent, former President Donald Trump. Harris, who previously opposed the border wall, often criticizing

Former President Donald Trump has expanded his presidential transition team by adding former campaign rival Robert F. Kennedy Jr. and former Democratic Representative Tulsi Gabbard, a spokesperson confirmed on Tuesday. Both Kennedy and Gabbard publicly endorsed Trump over the past week in his contest against Vice President Kamala Harris, the

The Russian government has revealed plans to begin regulated trials of cryptocurrency exchanges for cross-border payments, set to launch on September 1, 2024. According to insiders familiar with the initiative, Russia will leverage its National Payment Card System (NPCS) to convert rubles into cryptocurrencies for international transactions. The NPCS, which

Democratic Governor Gavin Newsom, a prominent supporter of President Joe Biden and Vice President Kamala Harris, hasn’t yet confirmed whether he’ll sign the bill if it clears the statehouse by the August 31 deadline. His decision may come while Republican nominee Donald Trump continues to criticize Harris for

An airplane tire on a Boeing, $BA, 757-200 reportedly just exploded during maintenance killing 2 Delta, $DAL, employees in Atlanta. Two people have died following an explosion of a Delta airplane tire while it was being changed at Hartsfield-Jackson Atlanta International Airport. The victims, a Delta employee and a contractor,

A popular Airbnb host recently had to introduce an unusual new rule for her rental property: no crypto-mining. The decision came after guests left her with a $1,500 electric bill during their stay, having brought in at least ten computers and even setting up an impromptu electric vehicle charging

Stocks may be on the verge of a significant rally, not seen in three decades, according to Paul Christopher, head of global investment strategy at Wells Fargo. He noted similarities between the current market and the stock boom of 1995, when the S&P 500 hit 77 all-time highs.

Across Florida, aging condominium buildings are grappling with rising expenses and millions in structural repairs to comply with new regulations enacted after the Champlain Towers collapse, which claimed 98 lives in 2021. While the new building requirements aim to prevent similar tragedies, the costs are pushing many condo owners to