Beth Hammack, president and chief executive officer of the Federal Reserve Bank of Cleveland, during a research conference at the Federal Reserve Bank of Dallas in Dallas, Texas, US, on Friday, Oct. 31, 2025. Desiree Rios | Bloomberg | Getty Images Federal Reserve officials who voted this week against the decision to hold interest rates…
The good news for the U.S. economy and American workers is that there’s a massive capital investment boom driving economic growth and technology innovation. We all know about the boom in AI and data centers, but the need is deeper, broader and more consequential. Energy transition and utility expansion, infrastructure, and advanced manufacturing all require…
Sports teams, throughout the 20th century, were pretty much trophy assets. Shiny, nice to have, but expected to gleam on the shelf rather than build value. Not so anymore. The news this week of the proposed deal for FIFA’s commercial rights, in the afterglow of the World Cup, highlighted the new normal: Sports teams are…
An unnamed Chinese company has started manufacturing a key piece of semiconductor fabrication equipment, according to a report that came out earlier this week from The Information. While the news negatively impacted shares of ASML (ASML +6.50%), the only company producing the kind of equipment reported, the truth is the market is likely overreacting to…
Bausch & Lomb CEO: the AI hysteria is nothing new | Fortune Brent Saunders is one of the most successful value creators in the history of health care. As the CEO and Chairman of Bausch + Lomb, Brent oversees a team of approximately 13,000 people who deliver innovative solutions to protect and enhance…
Signage at a Jersey Mike’s restaurant in Washington, July 20, 2026. Graeme Sloan | Bloomberg | Getty Images Five years after the initial public offering boom of 2021, public markets look a lot different as more companies are choosing to stay private for longer. In 2021, public markets saw a multitude of companies join the…
“Delaying Social Security until 70 results in an increased monthly payment — and that comes with proportionally higher cost-of-living adjustments.”
With new federal guidance out this month, advisors guiding clients through charitable remainder annuity trusts have been reminded to be careful they are managing these strategies correctly and paying all taxes owed, or they will have to make disclosures to the IRS. Processing Content After a donor transfers assets to a charitable remainder annuity trust,…
Shares of Novo Nordisk nosedived as much as 10% after the drugmaker said a late-stage heart drug trial failed to reduce major cardiovascular events compared to placebo. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Current retirement plan matching contribution formulas have some room for improvement, according to new research from Vanguard. According to the firm’s “Better Match Formulas for 401(k) Plans” report, released today, employers and employees both stand to benefit from revisions to match formulas that reach mainly higher-income earners. Many workers do not take full advantage of…