In this article STLA GM F Follow your favorite stocksCREATE FREE ACCOUNT Members of the United Auto Workers union hold a rally and practice picket near a Stellantis plant in Detroit, Aug. 23, 2023. Michael Wayland / CNBC DETROIT – United Auto Workers President Shawn Fain appears ready to fire up the picket lines. The
Month: September 2023
Mike Green | CNBC The Federal Reserve “didn’t do their homework” and mischaracterized the spike in inflation that has plagued the U.S. economy over the last two years, according to Nobel Prize-winning economist Joseph Stiglitz. U.S. inflation started to gain pace in early 2021 as the economy emerged from the Covid-19 pandemic, rising from an
Monty Rakusen | Digitalvision | Getty Images Commodities aren’t for everyone, as they can be tricky investments. But for individual investors willing to learn the basics and accept volatility, a judicious allocation can make sense. This can diversify traditional portfolios of stocks and bonds, hedge against geopolitical risk and protect against sustained inflation. Yet buying
The battle against inflation is not over. As of July, 61% of adults still said they are living paycheck to paycheck, according to a new LendingClub report, slightly more than last year’s 59%. Yet, recent releases show that, at least compared with the soaring inflation of a year ago, consumers who have been squeezed by
Actor Karen Brown walks the picket line with fellow SAG-AFRA actors and Writers Guild of America (WGA) writers in front of Paramount Studios in Los Angeles, California, July 17, 2023. Mike Blake | Reuters Hollywood’s labor pool is taking a hit as the dual strikes by actors and writers drag on. The film, TV and
A sign is posted in front of a Broadcom office on June 03, 2021 in San Jose, California. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading. VMware — The cloud services company slid 2.6%, a day after giving a mixed second-quarter report. While VMware surpassed expectations for earnings per
An image of the Honor V Purse. Chinese smartphone giant Honor showed off the concept device at the IFA technology show in Berlin as it looks to highlight its innovation. Honor Chinese smartphone firm Honor on Friday unveiled a concept smartphone designed to be worn like a handbag. The concept phone, displayed at the IFA
Close up upset businesswoman in glasses having problem with laptop, broken or discharged device, confused unhappy woman looking at computer screen, reading bad news, unexpected debt or spam Fizkes | Istock | Getty Images The interest on federal student loans has started accruing again. Since March 2020, the interest rate on most government-owned education debt
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After rising steadily since January, home prices may now be turning lower again. The latest read on home prices shows they hit another all-time high in July, rising 2.3% from the same month last year, according to Black Knight. That’s a bigger annual gain than the roughly 1% recorded in June, and August’s annual comparison
The Inflation Reduction Act (IRA) is an ambitious law with worthy goals to reduce deficits, fight inflation, help the IRS, and combat climate change. However, one year after its enactment, there are concerns about its overall fiscal impact, the additional complexity it introduces to the tax system, and the sustainability of its initiatives. Will McBride,
Mario Tama | Getty Images Both jobseekers and policymakers can take solace in the current state of the U.S. job market, according to labor economists. Largely, that’s because it’s cooling gradually but remains strong — a sort of Goldilocks scenario whereby workers can find jobs with relative ease but the Federal Reserve likely won’t see