Travelers at LaGuardia Airport in New York on June 30, 2022. Leslie Josephs | CNBC Airfare fell 6.4% in January from a year earlier, the Labor Department said in its monthly consumer price index on Tuesday. It might not last too long. January is typically a slower month for travel […]
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Bitcoin money launderer Ian Freeman ordered to pay $3.5 million to romance scam victims
Ian Freeman outside of the federal courthouse in Concord, New Hampshire, in April 2023. NBC 10 Boston A New Hampshire libertarian activist and radio show host convicted of using bitcoin to launder tens of millions of dollars in proceeds from romance scams and internet fraud was ordered to pay more […]
Molson Coors looks to lock in market share gains as consumers shift away from Bud Light
A Miller Lite and a Coors Light is displayed in Chicago on Oct. 9, 2007. Scott Olson | Getty Images Brewer Molson Coors said on Tuesday that it expects to maintain its market share gains in the year ahead. The company, which makes Coors Light and Miller Lite, reported strong […]
ESPN Bet plans launch in New York, the largest U.S. betting market
Courtesy: ESPN Bet ESPN Bet is coming to the Big Apple. Penn Entertainment, which operates the sports betting platform, will pay Wynn Resorts $25 million for market access, it said Tuesday. It’s the same amount Wynn paid New York state to operate there. Wynn Interactive, a subsidiary of Wynn Resorts, […]
Why Tuesday’s pullback is a healthy break in the rally and how we are playing it
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible. Here’s […]
4 red flags for an IRS tax audit — and how to avoid the ‘audit lottery,’ according to tax pros
Image Source | Image Source | Getty Images As Americans file returns this season, some worry about IRS audits amid agency efforts to ramp up service, technology and enforcement. Recent IRS enforcement has targeted high-income individuals, large corporations and complex partnerships. But everyday filers could still face an audit — […]
Lael Brainard slams food companies for ‘shrinkflation’ as White House attacks price gouging
Director of the National Economic Council Lael Brainard speaks during the daily press briefing at the White House January 11, 2024 in Washington, DC. Brainard fielded a range of questions about the economy and inflation. Drew Angerer | Getty Images National Economic Council Director Lael Brainard on Tuesday blamed higher […]
Bitcoin falls from $50,000 following hotter-than-expected inflation data
An image of bitcoin and U.S. currencies is displayed on a screen during the Interpol World Congress in Singapore on July 4, 2017. Roslan Rahman | AFP | Getty Images Cryptocurrencies fell Tuesday amid a broader market sell-off following a hotter-than-expected CPI reading. Bitcoin was down 3% to $48,535.17, according […]
Supreme Court gives Trump prosecutor a week to respond to delay request in election case
Former U.S. President Donald Trump sits in the courtroom during his civil fraud trial at New York Supreme Court on January 11, 2024 in New York City. Michael M. Santiago | Getty Images Supreme Court Chief Justice John Roberts on Tuesday told Department of Justice special counsel Jack Smith to […]
Coca-Cola CEO says inflation is moderating in most markets after higher prices boost revenue
James Quincey, CEO of Coca-Cola Co., speaking on “Squawk Box” at the WEF in Davos, Switzerland, on Jan. 18, 2023. Adam Galica | CNBC Inflation is moderating in most markets, after a stretch in which the beverage maker relied on price hikes to drive higher revenue, Coca-Cola CEO James Quincey […]