Month: June 2022
Some monkeypox patients also have sexually transmitted diseases, CDC says
Some people recently diagnosed with sexually transmitted diseases may also have monkeypox, the Centers for Disease Control and Prevention said, warning physicians that they need to watch and test for both since monkeypox can look a lot like an STD. CDC Director Rochelle Walensky said some patients with monkeypox also had syphilis, herpes, gonorrhea or […]
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Some economists predict the Fed will hike rates by as much as 0.75% next week
An unexpectedly hot inflation reading prompted a duo of economists from major Wall Street firms to call for a monster rate hike at the Federal Reserve’s policy meeting next week. Barclays economist Jonathan Millar said the Fed now has good reason to surprise markets by hiking more aggressively than expected in June due to Friday’s consumer […]
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Trump’s Air Force One paint scheme scrapped by Biden
A model of the proposed paint scheme of the next generation of Air Force One is on display during a meeting between U.S. President Donald Trump and Canadian Prime Minister Justin Trudeau in the Oval Office of the White House June 20, 2019 in Washington, DC. Alex Wong | Getty Images The Biden administration will […]
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Cisco CEO Chuck Robbins tells employees U.S. needs new gun laws following Uvalde massacre
Chuck Robbins, CEO of Cisco at the 2016 World Economic Forum in Davos, Switzerland. David A. Grogan | CNBC Cisco CEO Chuck Robbins has just waded into one of the most politically contentious debates in the country. In an all-hands meeting with employees, Robbins called for new gun laws, including additional background checks, in response […]
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Watch live: Biden speaks about the highest inflation since 1981
[The stream is slated to start at 1:45 p.m. ET. Please refresh the page if you do not see a player above at that time.] President Joe Biden is set to speak about the latest inflation report, which showed that prices in the U.S. rose at their fastest annual pace since the early 1980s. Government […]
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Scientists find microplastics in fresh Antarctic snow for first time
David Merron Photography | Moment | Getty Images Scientists have found microplastics in fresh snowfall in Antarctica for the first time, highlighting the extent of global plastic pollution as even the most remote regions experience contamination. Researchers from the University of Canterbury in New Zealand gathered samples of snow from 19 different sites in the […]
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Exxon Mobil hit an all-time high this week. Here’s what comes next for the energy colossus, according to analysts
Shares of Exxon Mobil reached new highs this week, but Wall Street analysts think the energy stock could remain around these same levels a year from now. Exxon on Wednesday closed at a new all-time high of $104.59, breaking above $100 this week for the first time since 2014. The stock is among the top […]
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Big landlords jump into the homebuilding business as demand for single-family rentals surges
Jake and Stephanie Murphy are moving into a new single-family rental home built by American Homes 4 Rent. Diana Olick | CNBC Real Estate Correspondent As demand for single-family rental homes surges, big landlords are jumping into the homebuilding business to shore up falling supplies. The push comes as more Americans have the flexibility to […]
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Brokerage industry looks for alternatives to payment for order flow amid SEC’s threatened crackdown
The brokerage industry is exploring alternatives to payment for order flow as SEC chair Gary Gensler takes aim at the practice. One idea is coming from Apex Clearing, CNBC has learned. The clearing firm handles trades for SoFi, Webull and other fintechs and has been quietly building a marketplace for matching customer orders. The “auction” […]
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Here’s what people expect to spend more on as inflation continues to surge
Regular unleaded gasoline was $4.69 a gallon (cash) at a Houston Exxon Mobil station on June 9, 2022. Gas prices are breaching record highs as demand increases and supply fails to keep up. Brandon Bell | Getty Images News | Getty Images Americans are still grappling with the worst inflation in roughly 40 years, and […]
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