A paper released at the same Jackson Hole, Wyoming, summit where Fed Chair Powell spoke suggests that the central bank can’t do the job itself.Story Published at: August 29, 2022 at 09:21PM
Fed rate hikes won’t bring down inflation as long as government spending stays high, paper says
Trump-linked SPAC’s stock falls as shareholders weigh delaying merger with ex-president’s media firm
Digital World Acquisition Corp. is trying to extend the deadline to complete its merger with former Trump Media and Technology Group.Story Published at: August 29, 2022 at 09:30PM
64% of consumers are worried about ‘shrinkflation.’ What it is and how to watch for it while shopping
As companies grapple with high costs and supply chain issues, many are shrinking their products. Here’s how consumers can spot those changes.Story Published at: August 29, 2022 at 08:40PM
Bitcoin briefly drops below $20,000 to lowest level since mid-July as investors dump risk assets
Investors fled risk assets after the Federal Reserve affirmed its commitment to an aggressive tightening path.Story Published at: August 29, 2022 at 05:38PM
Expect Apple to show four new iPhones and an updated Apple Watch next week
Apple’s hype-filled fall launches are a signature annual event for the companyStory Published at: August 29, 2022 at 07:11PM
Some info seized from Trump’s home could be shielded by attorney-client privilege, DOJ says
The “limited set” of potentially privileged materials was identified by a law enforcement team separate from those investigating Trump, the DOJ said.Story Published at: August 29, 2022 at 04:47PM
Honda and LG Energy Solution to build $4.4 billion EV battery plant in U.S.
The plant will be built and operated by a joint venture between the companies, which is expected to be established this year.Story Published at: August 29, 2022 at 04:07PM
Europe faces terrible winters for the next 5 to 10 years without a gas price cap, minister warns
Russia — which supplied roughly 40% of the EU’s gas last year — has drastically reduced flows to Europe in recent weeks, citing faulty and delayed equipment.Story Published at: August 29, 2022 at 10:58AM
Struggling with long Covid? Here’s what experts say you should — and should not — eat
There’s much left to learn about long Covid, but nutrition plays a key role in feeling better, experts tell CNBC Make It. Here’s what you can do to find relief.Story Published at: August 29, 2022 at 05:14AM
Microsoft and ByteDance are collaborating on a big AI project, even as US-China rivalry heats up
Microsoft and TikTok parent ByteDance are working together on a software project intended to help companies more efficiently run AI apps.Story Published at: August 26, 2022 at 03:00PM