Cramer said the Fed will continue with rate hikes until wage inflation cools off, but that if another large bank like First Republic collapses, “it’ll definitely do the job.”
American shoppers dramatically reined in spending in February compared with the start of the year, amid persistently high inflation.
Bill Gates spoke in India about the importance of innovation in addressing issues of global inequity, including climate change.
CNBC’s Jim Cramer on Wednesday warned investors that interest rates haven’t peaked. Here are three things that need to happen first.
Nearly 40% of CEOs think their companies won’t be “economically viable” within the next decade without major changes, PwC’s annual global CEO survey found.
Desalination plants can be costly and energy-intensive, and are difficult to manage in an environmentally friendly way, according to water policy experts.
Nelson Peltz isn’t interested in acquiring Wendy’s but said in a statement he is confident in the company’s ability to drive shareholder value.
Santos, who admitted fabricating swaths of his resume in his run for office and is now facing multiple investigations, has declared he “will not” resign.
A lawer for President Joe Biden only revealed that classified documents were found in a private office linked to him two months after the midterm elections.
Fed officials and economists expect interest rates to stay high next year, with reductions unlikely until 2024.
“While [Powell’s] not explicitly trying to send stocks lower, he’s certainly not going to shed any tears over it,” Cramer said.
Leaders of the two companies faced questions about how the deal could shake up the competitive landscape — and the prices consumers pay at the store.
Blackstone CEO Steve Schwarzman said he won’t help Donald Trump during the 2024 primary for president.
Billionaire and GOP megadonor Ronald Lauder will not finance Donald Trump’s 2024 campaign for president.
That will give time to set up a clearer process around content moderation, Musk said, giving more details about his planned council to inform those decisions.
U.S. Securities and Exchange Commission Chair Gary Gensler defended the agency’s implementation of the clawback rule as a straightforward directive by Congress.
Work It Out provides advice on how to deal with a friend who won’t stop griping about their job.
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