Marshalls expands footprint with new stores opening in 6 states
The TJX Companies-owned chain plans to open several new locations across six states this month, with the first openings scheduled for Oct. 15.
Market News
U.S. Stocks Fall On Hot Inflation Report, AI Sell-Off
U.S. stocks slid as deepening inflation bolstered the case for another rate increase this year.
Inflation Runs Hot, Stocks Go Cold
Plus, Bank of America posts disappointing results, and investment banks rake in AI-boom cash
Big Technology's Kantrowitz: The market isn't sure what to think about AI companies
Alex Kantrowitz, Big Technology founder, joins 'Closing Bell' to discuss Anthropic, which is expected to reveal new revenue numbers to potential investors.
It's easy to get excited about AI, but there has to be revenue, says Tusk Ventures' Bradley Tusk
Bradley Tusk, Tusk Ventures CEO, joins 'Power Lunch' to discuss shares of CoreWeave sinking while yields in its bonds surged higher and AI debt raising bubble fears.
"We're Feeling Inflation Everywhere:" Why CPI Ignited Selloff, Ups Rate Hike Chances
September CPI coming in hot spooked markets Wednesday and ignited a selloff as inflation fears grip investors. Brian Jacobsen discusses how the print will shape the Fed's interest rate cycle as inflation concerns stay top of mind for U.S. consumers.
Fed's Goolsbee says September CPI data was discouraging - Yahoo Finance
Fed's Goolsbee says September CPI data was discouraging - Yahoo Finance
What to expect at the next Fed meeting now that rate-hike odds are rising
Market participants and economists are split on the question of whether or not the Federal Reserve will raise interest rates by another quarter-point in two weeks.
Bond trading weakens for US banks as interest rate volatility affects investors
Bond trading weakens for US banks as interest rate volatility affects investors
Red hot CPI report fuels AI rout
Red hot CPI report fuels AI rout
Fed survey shows price pressures intensifying amid rise in fuel costs
The US labor market remained stuck in a low-hire, low-fire state and inflation was intensifying across parts of the country in recent weeks, a Federal Reserve report showed on Wednesday, underscoring what's at stake as the central bank weighs whether to deliver a second straight interest rate hike later this month.
Inside the Making of ‘Grand Theft Auto VI'
GTA VI is set to release on November 19th, expected to be one of the biggest entertainment releases in history. The game, created by Rockstar Games, a development studio owned by Take-Two, is expected to generate more than $3 billion dollars in its first four months.
The steel stock that has the shorts and options traders on edge
The steel stock that has the shorts and options traders on edge
How high inflation became a 'fact of life' in the U.S.
U.S. consumers are in the midst of one of the longest streaks of elevated inflation levels on record, according to a CNBC data analysis. Some are beginning to act like high inflation is a new normal, which can cripple the power of the Federal Reserve's monetary policy tools.
Global Markets Fall as Hot CPI Fuels Fed Rate Hike Fears
Hot U.S. inflation drives Treasury yields and the dollar higher while pressuring stocks and European currencies, with oil risks adding uncertainty.
Last week the Fed was cutting. This week it might hike.
September CPI ran hot. Headline inflation hit 3.7% year over year, up from 3.4%, and core reached 2.6%, the fastest since June.
What's Driving Rates Up and Bonds Down?
“It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so.
Inflation got worse in September as consumers struggle with high prices ahead of the midterms
U.S. inflation accelerated last month as gas, clothes, and air fares got more expensive, evidence that rising prices remain an economic challenge just a few weeks before the midterm elections that have focused heavily on issues related to affordability.The consumer price index rose 3.7% in September compared with a year ago, the Labor Department said Wednesday, up from 3.4% in August. On a monthly basis, costs jumped 0.6% from August to September, the biggest gain in five months, up from a 0.4% increase the previous month.The figures underscore the lingering impact of the Iran war on gas prices and the stubborn persistence of inflation, which fell sharply from a 9.1% peak in 2022 but this year has ticked higher since the war began in late February.
3 things that are driving inflation higher
Struggling with elevated prices? You don't have to look much further than your local gas station.
Stock Market Pillars Are Wobbling as the Rally Faces Its Next Test
Weakness in banks and chip stocks raises the stakes for tech earnings as hotter inflation revives concerns about Federal Reserve rate hikes.
