Core inflation rate held at 2.9% in August, as expected, Fed’s gauge shows
The personal consumption expenditures price index for August was expected to increase 2.9% from a year ago. Source link
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Accenture plans on ‘exiting’ staff who can’t be reskilled on AI
A logo sits illuminated at the Accenture booth in Mobile World Congress 2025 on March 03, 2025 in Barcelona, Spain. Xavi Torrent | Getty Images News | Getty Images Tech consultancy Accenture has laid out plans to lay off staff that aren’t able to reskill on artificial intelligence amid a broader restructuring strategy which will…
Mamdani city-run grocery store plan criticized as unrealistic
Zohran Mamdani grabbed the national spotlight midyear when he won New York City’s Democratic mayoral primary, defeating former Gov. Andrew Cuomo. As the city prepares for the mayoral election in November, voters are closely watching the promises Mamdani is making to win support. One of Mamdani’s key campaign promises is the creation of city-owned grocery stores….
NASA Marshall Space Flight Center director Joseph Pelfrey resigns
A crane towers above the mobile launcher 2 adjacent the Vehicle Assembly Building at Kennedy Space Center on Tuesday, July 22, 2025. Richard Tribou | Tribune News Service | Getty Images The director of NASA’s Marshall Space Flight Center, Joseph Pelfrey, announced his resignation from the role on Thursday, CNBC confirmed. Pelfrey said in an…
Fintech Checkout.com’s valuation falls to $12 billion
Guillaume Pousaz, CEO and founder of payment platform Checkout.com, speaking at the annual Web Summit technology conference in Lisbon, Portugal, in 2022. Horacio Villalobos | Getty Images LONDON — Fintech unicorn Checkout.com is giving staff a way of cashing in their shares: buying them out. The London-headquartered payments platform said Friday that it plans to…
YouTube TV, NBCUniversal warn of impending carriage dispute
INGLEWOOD, CALIFORNIA – NOVEMBER 17: A detail view of a NBC Sunday Night Football video camera during the first half between the Cincinnati Bengals and the Los Angeles Chargers at SoFi Stadium on November 17, 2024 in Inglewood, California. Ric Tapia | Getty Images Sport | Getty Images YouTube TV subscribers may soon be without…
Fever to fatigue? Pop Mart is actually happy that Labubu resale prices are dropping
This summer, the monster toy Labubu charmed the world with its cute and chaotic energy, commanding resale markups that would make day traders or Rolex flippers blush. One secret blind box edition was selling for over 2,000% above retail prices, according to Nomura. Last month, robbers in California staged a $30,000 heist. Now, there are…
Oil giant BP quietly steps out of the takeover spotlight
British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024. Nurphoto | Nurphoto | Getty Images Five months ago, British energy major BP was firmly in the spotlight as a prime takeover candidate. Now, not so much. Shares of the London-listed oil giant have climbed more…
Jim Cramer points out a stark divide in the economy
CNBC’s Jim Cramer on Thursday suggested the current economy is divided into two parts — a strong segment spurred on by the artificial intelligence boom and a weaker consumer portion that needs a boost from interest rate cuts. “The writing is on the wall for a big chunk of the economy if we don’t get…
Asia markets fall after Trump announces new tariffs; approves TikTok deal
Cityscape and Tokyo Tower at sunset, Tokyo, Japan. © Marco Bottigelli | Moment | Getty Images Shares of Asian pharmaceutical companies fell Friday after U.S. President Donald Trump announced fresh tariffs on furniture, heavy trucks and pharmaceutical products. Starting from Oct. 1, “any branded or patented Pharmaceutical Product” faces 100% duties, except for companies that…