Traders see the odds of a Fed rate cut by September at 100%
Traders are now 100% certain the Federal Reserve will cut interest rates by September. There are now 93.3% odds that the Fed’s target range for the federal funds rate, its…
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Zyn-maker Philip Morris announces $600 million Colorado facility to ramp up production
Zyn users, rejoice: Production is about to ramp up in the U.S. Philip Morris International (PMI), Zyn’s parent company, announced Tuesday it would invest $600 million to build a new…
Dow rises 200 points to close at a record
The Dow Jones Industrial Average advanced on Monday as investors bet the unsuccessful assassination attempt on former President Donald Trump will lead to big gains for the Republican presidential candidate and the GOP at…
65-year-old quit his job and emptied his life savings to start a business — now he’s worth $11 billion
This story is part of CNBC Make It’s The Moment series, where highly successful people reveal the critical moment that changed the trajectory of their lives and careers, discussing what drove them…
Redbox set to close as DVD market withers in streaming’s shadow
DVD rental service Redbox is set to shut down after 22 years in business, as streaming continues to dominate the at-home entertainment market. Redbox’s parent company, Chicken Soup for the…
Delta says the Olympics will cost it $100 million as travelers skip Paris
For more than 10,000 Olympic athletes, making it to Paris this summer is a dream come true. Thousands of potential tourists feel otherwise. Delta Air Lines says travelers are avoiding the…
As inflation cools, Social Security could pay out a smaller COLA increase
Price growth is cooling across the economy. While that is good news for consumers, the timing of this progress on inflation could end up short-changing seniors and other Social Security…
He plays rich on screen but dreams of full-time work: ‘Why can’t I get a living wage?’
Editor’s note: This is part of NBC News’ Checkbook Chronicles, a series of profiles highlighting the financial realities of everyday Americans. Doug Sharp isn’t a rich man — but he…
NFL open to private equity team ownership of up to 10%, Commissioner Roger Goodell says
The National Football League is considering allowing minority private equity ownership for its 32 teams of up to 10%, Commissioner Roger Goodell said in an exclusive CNBC interview Thursday. “As…
Pepsi and Delta say consumers are hunting for value
Post-pandemic consumer splurging is rapidly coming to a halt, according to two widely followed U.S. companies — more evidence that the U.S. economy is likely in for a period of…