Ron Insana says Fed rate hikes won’t fix what’s wrong with the economy
The Fed’s policy of raising official interest rates to 5% or higher does anything to address the underlying economic issues.
Penguin Random House CEO steps down weeks after judge blocked Simon & Schuster merger
The leadership transition follows Penguin’s failed attempt to acquire rival Simon & Schuster from Paramount Global.
Wholesale prices rose 0.3% in November, more than expected, despite hopes that inflation is cooling
The producer price index, a measure of what companies get for their products in the pipeline, increased 0.3% for the month and 7.4% from a year ago.
Brad Pitt sells 60% of his Plan B production company to French media conglomerate Mediawan, sources say
Brad Pitt continues the trend of actors selling stakes in their production companies, reaching a deal with Mediawan that could be announced this weekend.
Here’s a map of Starbucks stores that voted to unionize
Friday marks the one-year anniversary of Starbucks Workers United’s first win, in Buffalo, New York.
Arizona Sen. Kyrsten Sinema leaves Democratic Party to become independent
Sinema said in a tweet she was declaring her “independence from the broken partisan system in Washington and formally registering as an Arizona Independent.”
DOJ asks judge to hold Trump in contempt over classified documents subpoena, reports say
A raid of the Mar-a-Lago home of Donald Trump found classified documents and thousands of other government records removed from the White House.
These two new Google Chrome features will help save battery life and speed up computer performance
Over the next few weeks, Google is rolling out two new Chrome performance settings that will help boost performance and save battery power.
Former FTX CEO Sam Bankman-Fried hit with campaign finance complaint over GOP ‘dark’ money
CREW’s campaign finance complaint against Sam Bankman-Fried comes nearly a month after his FTX crypto exchange filed for bankruptcy protection.
These stocks may be cheap buys even if a recession hits in the next 12 months
CNBC Pro identified stocks with a ‘margin of safety’ to protect against an economic downturn.
