Eric Thayer/Bloomberg via Getty Images Inflation jumped in March as prices for consumer staples such as gasoline edged higher and those for housing remained stubbornly high, suggesting inflation may be a bit stickier than it seemed just a few months ago, economists said. The consumer price index, a key inflation gauge, rose 3.5% in March
It used to be that the worst fears about aging were getting cancer. Now, the worst fear is developing dementia. Unlike cancer, for which we do have treatments like surgery and chemotherapy, we have no equivalent treatments available yet for dementia. We can indeed manage and sometimes cure cancers. We can’t yet slow nor stop
A render of Sierra Space’s Velocity satellite bus Credit: Sierra Space Amid preparations for its spaceplane’s maiden flight and an initial public offering as soon as next year, Sierra Space is expanding its satellite offerings. Ahead of the much-anticipated solar eclipse, the commercial space unicorn unveiled its aptly named Eclipse line of satellite buses
Illuminated skyscrapers stand at the central business district at sunset on November 13, 2023 in Beijing, China. Vcg | Visual China Group | Getty Images BEIJING — China’s commercial property sector is seeing pockets of demand amid an overall real estate slump. The capital city of Beijing is seeing rents for prime retail locations rise
US President Joe Biden speaks about student loan relief at Madison College in Madison, Wisconsin, on April 8, 2024. Andrew Caballero-reynolds | AFP | Getty Images The Biden administration is moving ahead quickly with its new student loan forgiveness plan, with hopes of starting to wipe out people’s debts as soon as this fall. That
By Erin Flynn Jay, Next Avenue Liz Elting was a 26-year-old graduate student in 1992 when she cofounded a business in her dorm room, a language-translation service that grew into a $1.1 billion company called TransPerfect. She cashed in her stake in 2018 but has no intention of retiring — and doesn’t think you should,
In this article M Follow your favorite stocksCREATE FREE ACCOUNT Macy’s flagship store in Herald Square in New York, Dec. 23, 2021. Scott Mlyn | CNBC Macy’s on Wednesday said it settled its proxy fight with real estate investor Arkhouse, appointing two of the firm’s nominees to its 15-person board. Ric Clark and Rick Markee
Federal Reserve officials at their March meeting expressed concern that inflation wasn’t moving lower quickly enough, though they still expected to cut interest rates at some point this year. At a meeting in which the Federal Open Market Committee again voted to hold short-term borrowing rates steady, policymakers also showed misgivings that inflation, while easing,
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Wealthy U.S. families are increasingly applying for second citizenships and national residences as a way to hedge their financial risk, according to a
Cavan Images | Getty Images If you need more time for your taxes, there’s a quick, free way to file a federal tax extension online, according to experts. This season, 1 in 4 Americans don’t feel prepared to file their taxes — and 29% admit to procrastinating — according to a January survey from IPX1031,
In this article DAL Follow your favorite stocksCREATE FREE ACCOUNT An Airbus A330-941 is being delivered to Delta Air Lines, flying from Toulouse Blagnac Airport to Atlanta, in Toulouse, France, on December 8, 2023. JoanValls | Nurphoto | Getty Images Delta Air Lines swung to a profit in the first quarter and its CEO Ed
In this article 2330-TW Follow your favorite stocksCREATE FREE ACCOUNT TSMC displayed on a phone screen and microchip and are seen in this illustration photo taken in Krakow, Poland on July 19, 2023 Jakub Porzycki | Nurphoto | Getty Images Taiwan Semiconductor Manufacturing Co. (TMSC), posted a surge in monthly revenue in March, as it
In this article NYCB Follow your favorite stocksCREATE FREE ACCOUNT A New York Community Bank stands in Brooklyn on February 08, 2024 in New York City. Spencer Platt | Getty Images New York Community Bank, the regional lender that needed a $1 billion-plus lifeline last month, is offering the country’s highest interest rate for a
US President Joe Biden speaks about student loan relief at Madison College in Madison, Wisconsin, on April 8, 2024. Andrew Caballero-reynolds | AFP | Getty Images President Joe Biden on Monday unveiled a new student loan forgiveness plan — and any of that relief dispensed in 2024 wouldn’t trigger a federal tax bill. But borrowers
By Deborah Lynn Blumberg, Next Avenue The income Vivian Marlene Dunbar, age 75, earns as a freelance signature gatherer for ballot initiatives in California means she can afford groceries, pay medical bills and keep her car. Working as an independent contractor gives her the flexibility she wants and needs to schedule around doctors’ appointments. She
In this article 7203.T-JP TM Follow your favorite stocksCREATE FREE ACCOUNT 2025 Toyota 4Runner TRD Pro Toyota Toyota Motor revealed a new 4Runner SUV for the first time in nearly 15 years — completing a recent redesign of the automaker’s current trucks and SUVs. Aside from its new looks, which are similar to the recently
Pictured here is a real estate project under construction in Huai ‘an city, Jiangsu province, China, on April 8, 2024. Future Publishing | Future Publishing | Getty Images BEIJING — China needs to convince people that home prices are on their way up in order for economic activity to pick up, Richard Koo, chief economist
Riska | E+ | Getty Images It may be a while longer before the Federal Reserve lowers interest rates, experts now say. That means savers can still earn the best returns on their cash in years, following a “nuclear winter for the better part of the last 15 years,” said Greg McBride, chief financial analyst
BlackRock BLK CEO Larry Fink issued his Annual Chairman’s Letter to Investors. Always a much-anticipated document, this year’s letter is titled “Time to rethink retirement.” Fink asks, “How do we afford longer lives?” and argues that we should at least start the conversation of when retirement should be in an era of increasing longevity and
In this article BMY JNJ Follow your favorite stocksCREATE FREE ACCOUNT Jonathan Raa | Nurphoto | Getty Images Think a friend or colleague should be getting this newsletter? Share this link with them to sign up. Hi folks! Two competing cell therapies from Bristol Myers Squibb and Johnson & Johnson both got good news from