D3sign | Moment | Getty Images Inflation cooled in August and fell to its lowest level since February 2021, which was around the time the consumer price index began to climb during the pandemic era. This broad trend in the U.S. economy — a declining but still-positive rate of inflation — is known as “disinflation.” … Read more
Ryan Salame, the former co-chief executive of FTX Digital Markets, exits the Federal Court after sentencing in New York City, U.S., May 28, 2024. Brendan Mcdermid | Reuters Former FTX executive Ryan Salame is back in court on Thursday, as Judge Lewis Kaplan looks for answers about the back-room dealings that led to Salame’s criminal … Read more
The team from the Geological Agency of the Ministry of Energy and Mineral Resources (ESDM) took samples of natural hydrogen gas found in One Pute Jaya Village, Morowali Regency, Central Sulawesi Province, Indonesia, 23 October 2023. Nurphoto | Nurphoto | Getty Images Koloma, a U.S.-based clean fuel startup backed by Bill Gates and Jeff Bezos, says it … Read more
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. The S & P 500 erased much of its earlier losses Wednesday as September continued to live up to its reputation as a volatile month. The in-line August consumer … Read more
Grace Cary | Moment | Getty Images Inflation continued to throttle back in August, signaling that the fast-rising prices that plagued the U.S. economy for the better part of three years during the pandemic era are increasingly moving into the rearview mirror. Overall inflationary pressures are “dissipating,” said Sarah House, senior economist at Wells Fargo … Read more
Caroline Ellison, former chief executive officer of Alameda Research LLC, arrives to court in New York, US, on Thursday, Oct. 12, 2023. Bloomberg | Bloomberg | Getty Images Lawyers for Caroline Ellison, the star witness in the prosecution of FTX founder Sam Bankman-Fried, are recommending no prison time for their client’s role in the implosion … Read more
US Vice President and Democratic presidential candidate Kamala Harris listens to former US President and Republican presidential candidate Donald Trump speak during a presidential debate at the National Constitution Center in Philadelphia, Pennsylvania, on September 10, 2024. Saul Loeb | AFP | Getty Images Solar and clean energy stocks rose Wednesday after Wall Street largely … Read more
Stand With Crypto’s bus tour through five battleground states kicked off last week in Phoenix and Las Vegas. Logan Dobson/Stand With Crypto Alliance A big purple bus adorned with “AMERICA ❤️ CRYPTO” started making its way across five swing states last week, on a mission to get out the vote ahead of the presidential election. … Read more
As presidential nominees Kamala Harris and Donald Trump prepare to face off in their first debate Tuesday night, voters will be tuning in for clarity on their plans to confront issues from the economy to inflation and job growth. One sector that faces particular uncertainty after the election is clean energy, which has received a … Read more
A view of Oracle’s headquarters in Redwood Shores, California, on Sept. 11, 2023. Justin Sullivan | Getty Images Oracle chairman and co-founder Larry Ellison had a “bizarre” announcement to make this week. The electricity demand from artificial intelligence is becoming so “crazy” that Oracle is looking to secure power from next-generation nuclear technology, Ellison told … Read more
