Inflation eased slightly in January as worries accelerated over President Donald Trump's tariff plans, according to a Commerce Department report Friday.The personal consumption expenditures price index, the Federal Reserve's preferred inflation measure, increased 0.3% for the month and showed a 2.5% annual rate.Excluding food and energy, the core PCE also...
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The first quarter is on track for negative GDP growth, Atlanta Fed indicator says
A customer shops for produce at an H-E-B grocery store on Feb. 12, 2025 in Austin, Texas.Brandon Bell | Getty ImagesEarly economic data for the first quarter of 2025 is pointing towards negative growth, according to a Federal Reserve Bank of Atlanta measure.The central bank's GDPNow tracker of incoming metrics...
Trump’s proposed ‘gold card’ visa comes with a hidden tax break for the wealthy
A 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, straight to your inbox.President Donald Trump's proposed $5 million "gold card" for U.S. residency would be one the most expensive...
Venu is done. Here’s how Fox, Disney and WBD plan to go it alone in sports streaming
An advertisement for Venu Sports, the sports streaming venture by Disney, Warner Bros. Discovery and Fox, hangs at the Fanatics Fest event in New York City on Aug. 16, 2024.Jessica Golden | CNBCWith Venu done before it even got out of the starting blocks, Fox Corp., Disney and Warner Bros....
State Street, Apollo team up to launch first of its kind private credit ETF
Omar Marques | Lightrocket | Getty ImagesThere's a new ETF in town. SPDR SSGA Apollo IG Public & Private Credit ETF (PRIV) will trade Thursday at the NYSE. This fund intends to invest at least 80% of its net assets in investment grade debt securities, including a combination of public credit...