FILE PHOTO: DJ D-SOL performs during the ‘Safe & Sound’ Drive-In Concert Fundraiser Presented by JAJA Tequila and In The Know Experiences In Partnership with Bumble at Nova’s Ark Project on July 25, 2020 in Water Mill, New York.Kevin Mazur | Getty ImagesPresident Donald Trump on Tuesday said that Goldman Sachs CEO David Solomon should either replace his economist or “just focus on being a DJ,” days after the bank’s economist warned that American consumers will pay for an increasing share of new tariffs.Trump’s broadside against Solomon — who moonlights as a DJ — came as the president touted the…
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Tuesday’s cooler inflation print could mean it’s finally time to pivot into small caps and lower-quality stocks, according to Morgan Stanley. The Bureau of Labor Statistics reported that the consumer price index showed a year-over-year increase of 2.7% in July , less than a Dow Jones consensus for 2.8% expansion. The report soothed stagflation fears and added to hopes that the Federal Reserve could actually cut more times this year than previously anticipated. The central bank is now projected to make three quarter percentage point cuts this year, up from two, according to the CME FedWatch Tool . If that…
People shop at a supermarket in Rockville, Maryland, on July 18, 2025.Sha Hanting | China News Service | VCG | Getty ImagesSocial Security beneficiaries may see a 2.7% cost-of-living adjustment in 2026, according to new estimates from policy experts, based on the latest government inflation data.That projected increase would be higher than the 2.5% adjustment beneficiaries saw in 2025.Social Security implements a cost-of-living adjustment every year to adjust benefits for inflation. The Social Security Administration typically announces the official change for the upcoming year in October.New estimates from both Mary Johnson, an independent Social Security and Medicare policy analyst, and…
U.S. President Donald Trump (L) invites Nvidia CEO Jensen Huang to speak in the Cross Hall of the White House during an event on “Investing in America” on April 30, 2025 in Washington, DC.Andrew Harnik | Getty ImagesThe Trump administration is still working out the details of its 15% export tax on Nvidia and AMD and could bring deals of this kind to more companies, the White House’s Karoline Leavitt said Tuesday.”Right now it stands with these two companies. Perhaps it could expand in the future to other companies,” said Leavitt, the White House’s spokesperson. “The legality of it, the…
The Sphere is seen during its opening night with the U2:UV Achtung Baby Live concert at the Venetian Resort in Las Vegas on Sept. 29, 2023.Tayfun Coskun | Anadolu Agency | Getty ImagesThere’s no place like the Las Vegas Sphere.More than 120,000 tickets have been sold for showings of a special rendering of “The Wizard of Oz” starting later this month, according to James Dolan, CEO of parent company Sphere Entertainment. The company expects ticket sales to reach 200,000 by the time of the first screening.”We’re very proud of the product and we think it’s groundbreaking,” Dolan said on the…
High stock valuations demand a more nimble approach for investors, according to Matrix Asset Advisors president and chief investment officer David Katz. Asked how he steers between sticking with an expensive market on the one hand, or switching to a value-oriented approach with the other, Katz told CNBC Pro on Monday, “You have to do both.” “We think that the overall stock market can continue to do OK, but we do think that if you have not been in the market, we would not be jumping in with both feet here,” said Katz, who founded Matrix in 1986. Katz is…
Rick Rieder, BlackRock’s chief investment officer for global fixed income, is sticking with his call for a jumbo rate cut from the Federal Reserve next month after new inflation data showed less-than-expected price pressures. “We expect the Fed to begin cutting rates in September, and it could be justified cutting the Funds rate by 50 basis points, to get it more aligned with longer-term inflationary expectations and some of the productivity enhancement we are seeing across multiple industries,” Rieder said Tuesday in a note to clients. (1 basis point equals 0.01%.) A half-point cut in September would mirror the Fed’s move…
Goldman Sachs sees shares of Uranium Energy surging over the next year as the U.S. government aims to rebuild a domestic nuclear fuel supply chain. Goldman initiated coverage of Uranium Energy on Monday with a stock price target of $13, suggesting more than 30% upside from current levels. The pure-play domestic uranium miner has gained 50% this year with its market capitalization now totaling $4.45 billion. The Trump administration wants to quadruple nuclear power in the U.S. to 400 gigawatts by 2050 and re-establish a domestic uranium supply chain to fuel the nation’s reactors. The U.S. consumes 29% of the…
Parts of the IBM Quantum System Two are displayed at IBM Thomas J. Watson Research Center on June 6, 2025 in Yorktown Heights, New York.Angela Weiss | Afp | Getty ImagesA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.Just as artificial intelligence turned the data center sector into a gold mine, quantum computing is already ramping up…
Raquel Urtasun (L), Waabi founder and CEO, and Lior Ron (R), who has joined Waabi as chief operating officer after growing Uber Freight to a $5 billion revenue company.WaabiLior Ron, founder and CEO of Uber Freight, is joining self-driving truck startup Waabi as chief operating officer.The move, Ron says, is based on his belief that the era of autonomous big rigs on the roads at scale is here, with the freight industry to be transformed by the economics of driverless technology in the semi cab.”The first decade of my career in logistics was building Uber Freight, putting the rails in…
