The Fed has the proof it wants that inflation is slowing, but the next move is still up in the air
A week’s worth of inflation data showed that price pressures have eased substantially.
Brazil supreme court unfreezes assets of Elon Musk’s Starlink, X after taking fines
Brazil’s supreme court announced that it ordered funds be moved from Starlink and X bank accounts to pay for fines levied against Elon Musk’s social network.
Florida discourages use of mRNA Covid vaccines in older adults
In updated guidance to health care providers, Florida health officials advise that “non-mRNA Covid-19 vaccines and treatment” should be prioritized.
A big Fed meeting looms in the week ahead as economic concerns percolate
The central bank is widely anticipated to make its first interest rate cut after embarking on its hiking campaign in March 2022.
Trump tax-free overtime plan ‘as fake as his tan,’ Senate finance chair says
Republican nominee Donald Trump unveiled the tax-free overtime pay plan at his first campaign rally since he debated Democratic rival Kamala Harris.
Oracle’s Larry Ellison briefly tops Jeff Bezos to become world’s second-richest person
Oracle is on pace for its best week since 2021, and the rally lifted founder Larry Ellison’s net worth past Jeff Bezos for a brief period on Friday.
Don’t expect ‘immediate relief’ from the Federal Reserve’s first rate cut in years, economist says. Here’s why
The first interest rate cut in four years is on deck. For many households, this policy shift is welcome news, but one cut won’t make a big impact, experts say.
Uber and Waymo to offer driverless ride-hailing trips in Austin and Atlanta
Uber will offer driverless ride-hailing trips with Waymo in Austin and Atlanta starting early 2025
How a U.S. spy tapped into Russian communication lines
On the latest episode of CNBC’s “The Crimes of Putin’s Trader” podcast, Eamon Javers interviews an American spy who risked his life for Russian intel.
Trump says he would end all taxes on overtime pay at first post-debate rally
The former president said that when workers exceed 40 hours a week, “your overtime hours will be tax-free.”
