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The National Republican Congressional Committee is launching a digital ad campaign highlighting GOP-led proposals like no tax on tips and no tax on overtime ahead of the November elections.In both the House and Senate, The ad campaign is first reported by CNBC. Republicans are trying to retain slim majorities. The National Republican Congressional Committee on […]

The share of car buyers in the first quarter who signed a loan for 84 months or longer reached about 23%, up from 10% a decade ago, Edmunds data shows. This also touches on aspects of dividends. The share of new-car buyers with annual income below $100,000 was 37% last year, down from 50% in […]

The producer price index, a gauge of pipeline costs for final demand goods and services, increased a seasonally adjusted 0.5% for the month, well below the Dow Jones consensus estimate for 1.1%. Excluding food and energy, core PPI was up just 0.1% against the forecast for 0.5%. On an annual basis, the all-items PPI accelerated […]

Treasury Secretary Scott Bessent on Tuesday expressed confidence that inflation will moderate through the year, giving the Federal Reserve room to cut interest rates. Bessent added, though, that he understands if central bank policymakers take a cautious approach until impacts from the Iran war become clearer. “I am highly confident that the core inflation … […]

“Let’s assume [the strait is] shut down for the next six to 12 months — the world’s going to end up in a recession,” mentioned Ken Griffin, CEO of Citadel. “There’s no way to avoid that.” As a result, the earth is going to see a massive shift toward alternative fuel sources, including wind, solar […]

The debate over the future of work even extends inside the corridors of a major AI provider. Speaking Monday at the Semafor Planet Economy conference in Washington, D.C., Anthropic co-founder Jack Clark dismissed Anthropic CEO Dario Amodei’s argument that AI could drive the unemployment rate as high as 20% in the next five years. The […]

Amazon mentioned it would acquire Globalstar for $90 a share, in a deal valued at roughly $11.57 billion. The business is building out its nascent satellite internet business, called Leo, as it vies to compete with Elon Musk’s SpaceX, which has a significant head start. Amazon noted it also agreed to a deal with Apple […]

A second round of negotiations between the U.S. and Iran is under discussion, though nothing has been officially scheduled yet, a White House official told CNBC. President Donald Trump told the Recent York Post that the next U.S.-Iran talks “could be happening over next two days” in Islamabad. Trump responded to the failed first round […]

Joan Solotar, global head of Blackstone Private Wealth, said the capital flight from private credit isn’t justified by the likely returns and potential losses in individual funds. Solotar remarked investors and clients are asking key questions about transparency, loan losses, portfolio exposure to software and liquidity. “We’re still outperforming, and that’s the key. I think it’s […]