‘Too many things unaffordable:’ Biden fires up price wars as inflation cools
New data from the Federal Reserve suggests that inflation further cooled in November. But President Joe Biden’s crusade to convince…
Inflation fears down, consumer optimism up: Economy may start to help Biden with voters
Two new surveys released in recent days suggest consumers may be starting to feel more optimistic about inflation. This could…
Job data suggests ‘soft landing’ is increasingly likely, economists say
The U.S. economy inched closer to a so-called “soft landing” after a new batch of labor data, economists said. A…
Fed Chair Powell calls talk of cutting rates ‘premature’ and says more hikes could happen
Federal Reserve Chairman Jerome Powell on Friday pushed back on market expectations for aggressive interest rate cuts ahead, calling it…
Return to office is ‘dead,’ Stanford economist says. Here’s why
The share of workers being called back to the office has flatlined, suggesting the pandemic-era phenomenon of widespread remote work…
Yellen says high food and rent prices key factors in voters’ negative economic outlook
WASHINGTON — Treasury Secretary Janet Yellen pointed to the consistently higher prices that Americans pay for food and rent today,…
Citigroup begins layoffs as part of CEO Jane Fraser’s corporate overhaul
Citigroup will soon begin layoffs in CEO Jane Fraser’s corporate overhaul, CNBC has learned. Employees affected by the cuts will…
Threats against election workers driving exodus of veteran staff, experts say
WASHINGTON — Physical and cyber threats against election workers are driving people away from the industry, potentially endangering the ability…
A meteoric rise in worker health costs has slowed — but they’re already ‘egregious,’ advisor says
Costs for some key health insurance components have slowed for workers in recent years. While the deceleration is a positive…
Bad news for the economy is good news for the stock market … as long as it doesn’t get too bad
Friday’s market reaction to the jobs report comes down to a simple premise: bad news is good news, as long…
