Inflation rates in June experienced a decrease, mainly due to lower gasoline prices and other easing price pressures that brought relief to consumers’ wallets. According to the U.S. Labor Department, the consumer price index, which is a crucial inflation measure, rose by 3% in June compared to the previous year. This was a decrease from
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The National Football League is exploring the possibility of allowing minority private equity ownership for its 32 teams, with Commissioner Roger Goodell sharing insights in an exclusive CNBC interview. Goodell emphasized the need for the league’s policies to evolve in line with the changing dynamics of the sports industry. The proposal under consideration would permit
Pfizer recently announced its decision to proceed with the development of a once-daily version of its weight loss pill, danuglipron, following positive outcomes in an ongoing early-stage study. The company has identified a specific formulation of the drug that exhibits a favorable safety profile and is well-tolerated by the body. To further evaluate the potential
PepsiCo’s recent quarterly results have highlighted some challenging trends in the North American market. The company reported mixed results, with declining demand for its drinks and snacks in the region. This has led to PepsiCo narrowing its revenue outlook for the full year, indicating a more cautious approach in the face of changing consumer behavior.
Housing inflation in the US economy has proven to be a stubborn issue, persisting at high levels even as other areas of inflation have cooled significantly post-pandemic. The slow decline in housing inflation has been identified as a major factor hindering the consumer price index from reaching policymakers’ target levels. According to Joe Seydl, a
The CNBC Investing Club with Jim Cramer recently held a “Morning Meeting” livestream where a number of key moments were discussed. Thursday saw the S & P 500 and Nasdaq pull back from record highs after a lower-than-expected inflation report. This led investors to shift their focus from Big Tech stocks to smaller-cap names. The
With the upcoming Summer Olympics in Paris, sportsbooks and daily fantasy operators are gearing up for a potential surge in betting activity. This year’s games mark the first time legal gambling has been widespread in the U.S. during the Olympics, setting the stage for increased wagering compared to previous editions. The gaming industry is optimistic
Delta Air Lines recently released its third-quarter revenue forecast, predicting record revenue due to a surge in summer travel demand. However, the airline’s projections fell short of analysts’ expectations, with sales expected to rise by only 4%, below the 5.8% growth estimated by analysts. The forecasted adjusted earnings per share of $1.70 to $2 also
The U.S. Department of the Treasury and the IRS have recently achieved a significant milestone by collecting over $1 billion in tax debt from high-income individuals. This accomplishment comes after the IRS announced plans to expand its scrutiny of those making over $1 million annually with more than $250,000 in recognized tax debt. Treasury Secretary
China’s push towards developing robotaxis is garnering attention from consumers, with companies like Baidu’s Apollo Go making strides in the industry. While major Chinese cities are supporting this innovative technology, taxi drivers are growing increasingly worried about losing their jobs due to the rise in competition. The introduction of fully autonomous driving taxi experiences in