The Federal Reserve is taking a meeting-by-meeting approach to setting interest rates and for now is not committed to a set course of action ahead, Vice Chairman Richard Clarida told CNBC. “We’re gonna take this meeting by meeting. We’re not on a preset course,” Clarida told Sara Eisen during an interview Friday […]
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UAW leader: ‘Some progress’ has been made on contract talks as GM strike continues
United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 18, 2019 in Detroit. Michael Wayland / CNBC DETROIT –The United Auto Workers union and General Motors are making progress on their labor contract talks, however there remain “many” outstanding issues, according to a union […]
Roku plunges 19% — here’s why it’s one of the most volatile stocks in tech
People pass by a video sign display with the logo for Roku, a Fox-backed video streaming firm, that held it’s IPO at the Nasdaq Marketsite in New York, September 28, 2017. Brendan McDermid | Reuters Three times in the past nine trading days, Roku has dropped more than 10% for […]
Late savers share their best tips to hit financial independence
Amy Blacklock, 51, is on track for financial independence well before age 60, though she started far later than the standard recommendation. Blacklock and her husband, who live in metro Detroit, assumed they would need to work until their mid-60s. Then, they discovered the FIRE movement (financial independence/retire early), which […]
Tinder’s apocalypse series ‘Swipe Night’ will match users based on choices they make while watching
A preview of Tinder’s new “Swipe Night” series. Tinder is giving users a new way to find their next match with the launch of its first interactive series, “Swipe Night.” The series takes place in the middle of an apocalypse, where users have to decide who they will spend the […]
Amazon is building its own carbon-neutral UPS, Bank of America says
The Amazon logo on a pickup and collect locker at Newbury Park railway station in London. Chris Ratcliffe | Bloomberg | Getty Images Amazon will soon integrate another step of the e-commerce pipeline after the construction of an in-house fleet of carbon-neutral delivery trucks on par with established players like […]
Saudi Aramco reveals attack damage at oil production plants
Repair work is underway at two Saudi Aramco oil facilities after predawn attacks on Saturday forced the kingdom to shut down half its total oil production. The strikes targeted Saudi Arabia’s Abqaiq and Khurais oil facilities, sparking concern about global oil supply stability, which sent crude prices soaring by double […]
Fed’s Bullard, explaining his rate cut dissent, says US manufacturing appears to be ‘in recession’
James Bullard, president of the Federal Reserve St. Louis. Adam Jeffery | CNBC St. Louis Federal Reserve Bank President James Bullard said he argued for a deeper rate cut than his colleagues approved earlier this week because he fears that the economy is slowing and manufacturing “already appears in recession.” The […]
Whistleblower complaint about Trump involves Ukraine, report says
Ukraine is at the center of a complaint made by a whistleblowing intelligence officer who filed the report after learning of a promise President Donald Trump made to a foreign leader, The Washington Post reported Thursday evening. The newspaper cited two people familiar with the matter whom it did not […]
People are lining up outside Apple stores around the world as the iPhone 11 goes on sale
Apple will get a taste of whether upgraded features on the new iPhone 11 are enough to lure shoppers to retail stores around the world as the new smartphones officially hit shelves Friday. At the Apple flagship store on Regent Street, a handful of diehard iPhone fans started waiting in […]