Chicago Federal Reserve Bank President Austan Goolsbee speaks at the Council on Foreign Relations in New York, U.S., February 14, 2024. Staff | Reuters CHICAGO — The path to 2% inflation is “more difficult” in 2024, said Federal Reserve Bank of Chicago President Austan Goolsbee. “We’re going to get to 2%,” Goolsbee said Friday during
A drone operator loads a Walmart package into Zipline’s P1 fixed-wing drone for delivery to a customer home in Pea Ridge, Arkansas, on March 30, 2023. Bunee Tomlinson Autonomous delivery drone startup Zipline said Friday that it hit its 1 millionth delivery to customers and that it’s eyeing restaurant partnerships in its next phase of
Investors should consider commodities due to a “big change” involving international expansion, according to VanEck CEO Jan van Eck. “The world economy started growing again,” van Eck told CNBC’s “ETF Edge” this week. He singles out China, the world’s second-largest economy behind the U.S., as a key driver in the expansion. “China which has been
dowell | Moment | Getty Images While the annual rate for newly purchased Series I bonds could fall below 5% in May, the assets may still appeal to long-term investors, experts say. Investors currently earn 5.27% annual interest on new I bonds purchased before May 1. Some experts predict the new rate could drop to around
You might be understandably worried by scary headlines that project the Social Security Trust Funds will be exhausted in the year 2034. Having accurate information is one of the best ways to deal with worry, so let’s look at what could happen if the Trust Funds run out. Is It Possible That Social Security Funds
In this article MS NOVO.B-DK LLY Follow your favorite stocksCREATE FREE ACCOUNT A food delivery messenger carries a take out bag outside aSweetgreen in Manhattan on September 14, 2023. Jeenah Moon | The Washington Post | Getty Images A highly popular group of weight loss and diabetes drugs is decreasing some consumers’ appetites — and
In this article ROBT BOTZ NVDA META Follow your favorite stocksCREATE FREE ACCOUNT Fotografielink | Istock | Getty Images Artificial intelligence has shaken up the investing landscape since the groundbreaking launch of ChatGPT in November 2022. Since then, investors have poured money into all things related to AI as they hunt for the next big
In this article 4452.T-JP Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration a Kao Corporation logo seen displayed on a smartphone. Igor Golovniov | SOPA Images | Lightrocket | Getty Images Company: Kao Corp (4452.T) Business: Japan-based Kao Corp manufactures and sells consumer and chemical products. It operates in five business segments. The
Jannese Torres is the founder of the blog Delish D’Lites and the podcast “Yo Quiero Dinero.” Photo Jannese Torres In her upcoming book, “Financially Lit!: The Modern Latina’s Guide to Level Up Your Dinero & Become Financially Poderosa,” author Jannese Torres discusses how she became the first woman in her family to graduate from college,
Economic activity – growth and job creation – has remained remarkably strong for several years now. That resilience in the face of substantial headwinds such as higher interest rates and rising oil prices likely comes from a gradual shift in what is driving the economy. Much of economic growth since the start of the pandemic
Kelcey Smith displays UAW buttons in Chattanooga, Tennessee on April 10, 2024. Kevin Wurm | The Washington Post | Getty Images Volkswagen workers in Chattanooga, Tennessee, have overwhelmingly voted to join the United Auto Workers — marking a major milestone for the union and its first successful organizing drive of an automaker outside of Detroit’s
Dado Ruvic | Reuters The Bitcoin network on Friday night slashed the incentives rewarded to miners in half for the fourth time in its history. The celebrated event, which takes place about once every four years as mandated in the Bitcoin code, is designed to slow the issuance of bitcoins, thereby creating a scarcity effect
Sporrer/Rupp | Image Source | Getty Images The largest and final cohort of the baby boom generation — 30.4 million Americans — will turn 65 by 2030. And more than half of that group will rely primarily on Social Security for income, according to new researchfrom the Alliance for Lifetime Income. When to claim Social
You can quit work, but can you quit retirement? Many people are. Why? The answer is about more than money and may surprise many people who are working hard to plan their dream retirement. Pulling out of the driveway, my chatty rideshare driver volunteered that he retired a few years ago from the hotel that
In this article LULU Follow your favorite stocksCREATE FREE ACCOUNT A Lululemon sign is seen at a shopping mall in San Diego, California, on Nov. 23, 2022. Mike Blake | Reuters Lululemon is planning to shut down its Washington distribution center and lay off 128 employees after opening a massive new warehouse outside of Los
Procter & Gamble shares were down sharply early in Friday’s session after the consumer products giant reported a mixed quarter. We viewed the action as a bit of profit-taking — and not a reflection of the results. The stock entered the session on a four-day winning streak while the broader market declined. Late Friday, as
Artur Debat | Moment | Getty Images The number of centenarians in the U.S. is poised to balloon in coming decades. That longevity poses a big financial challenge for households. By 2054, there will be an estimated 422,000 Americans age 100 and older — more than four times the 101,000 in 2024, according to a
There is no doubt that the economy is now stronger than it was four years ago. But, are people better off than they were before the pandemic? Looking at employment alone, it is clear that the quick and strong jobs recovery has meant that those workers, who were from 25 to 44 years old in
In this photo illustration, Pantene and Head & Shoulders hair products are displayed on July 28, 2023 in San Anselmo, California. Justin Sullivan | Getty Images Procter & Gamble on Friday reported mixed quarterly results as it struggles to bring back shoppers after two years hiking prices across its portfolio, from Tide detergent to Charmin toilet
In this article SMH Follow your favorite stocksCREATE FREE ACCOUNT Investing in semiconductors may be the most efficient way to play the artificial intelligence boom, according to VanEck’s CEO. “Semiconductors have become the heart of the AI trade,” Jan van Eck told CNBC’s “ETF Edge” this week. His firm’s VanEck Semiconductor ETF (SMH), which tracks