An important gauge for the Federal Reserve showed inflation eased slightly from a year ago in June, helping to open the way for a widely anticipated September interest rate cut.The personal consumption expenditures price index increased 0.1% on the month and was up 2.5% from a year ago, in line...
Year: 2024
The ultra-wealthy just gained $49 trillion in wealth thanks to stocks
People walk by the New York Stock Exchange (NYSE) on June 18, 2024 in New York City. Spencer Platt | Getty ImagesA 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,...
Chipotle earnings and revenue top estimates, restaurant traffic rises again
A Chipotle restaurant in New York on July 3, 2023.Jeenah Moon | Bloomberg | Getty ImagesChipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that topped analysts' expectations as it saw higher traffic at its restaurants, bucking an industry slowdown.Shares of the company rose about 13% in extended trading...
NextEra considers restarting Iowa nuclear plant amid rising demand for carbon-free energy
Pavlo Gonchar | SOPA Images | Lightrocket | Getty ImagesNextEra Energy is considering restarting a nuclear plant in Iowa as demand for carbon-free energy grows amid a historic surge in electricity consumption.The Duane Arnold Energy Center in Palo, Iowa ceased operations in 2020 after 45 years of service. NextEra CEO...
Job seekers are sour on the cooling labor market
Nitat Termmee | Moment | Getty ImagesWorkers are souring on the state of the job market.Job seeker confidence in Q2 2024 fell to its lowest level in more than two years, according to a quarterly survey by ZipRecruiter, which has tracked the metric since Q1 2022. That decline suggests workers...