Economy

Federal Reserve expected to raise interest rates again

When Kevin Warsh was sworn in as chairman of the Federal Reserve, he touted a planned policy regime change for America’s central bank and pledged not to repeat past mistakes. Four months-plus into his tenure, Warsh finds himself in the same boat as his predecessor: sticky inflation and the need for higher interest rates.

‘It’s enraging’: lawmakers call for action after Guardian investigation into convenience store overcharges

Congress members say pricing practices at 7-Eleven and Circle K stores underscore everyday Americans’ affordability struggles

Democrats are banking on voters forgetting how terrible they are

On Oct. 3, 2022, with the midterm elections less than five weeks away, the U.S. inflation rate had climbed to 8.3% under the Biden-Harris administration. Eventually, despite the passing of the Inflation Reduction Act earlier that year, inflation would skyrocket to 9.1%, its highest level since 1982.

The American dream remains elusive in the valley that inspired East of Eden

John Steinbeck’s hometown of Salinas is the least affordable city in the US for the middle class, a recent Brookings Institution analysis found

Trump just made cars more affordable

It can be easy to forget in a midterm election year, but presidents have immense power to drive up consumer costs. President Joe Biden was doing exactly that for car buyers until President Donald Trump took back the White House. This week, the Transportation Department took another step toward making it easier for Americans to buy the cars they want at affordable prices.

'Handful' of G20 countries reject U.S. stance on excess industrial capacity

The rejection from the vast majority of G20 countries follows the Trump administration's imposition of tariffs of 10% or 12.5% on goods from 59 countries.

‘People are deserting it’: why are London mansions struggling to sell?

For decades, the capital’s house prices raced ahead of the national average – but now they are falling in prime areas

Berkshire Buys More Lennar Shares, But Pace of Purchases Slows

Berkshire Hathaway added to its bet on Lennar this week, raising its stake in the homebuilder to 11.2%, although the pace of its buying appears to be slowing.

Cramer's lightning round: Quanta is a data center play worth buying

"Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.

Cramer says this newly spun-off stock that helps our food grow is a buy. Here's why

The top performer of the three companies created when the DowDuplant experiment unwound in 2019 has now split itself in two.

Cramer's warning to investors: Making money in this stock market is a lot harder than before

Rising bond yields and an inflation-fighting Fed make for a difficult stock-picking environment, CNBC's Jim Cramer said.

Here's how high the 10-year Treasury yield needs to rise before income investors should worry, according to UBS

UBS lays out the levels where the income cushion doesn't protect investors from capital losses anymore.