Day: August 23, 2025
BOJ’s Ueda expects tightening job market to push up wages
Bank of Japan Governor Kazuo Ueda attends the Federal Reserve Bank of Kansas City’s 2025 Jackson Hole Economic Symposium in Jackson Hole, Wyoming on Aug. 23, 2025. Jim Urquhart | Reuters Bank of Japan Governor Kazuo Ueda said wage hikes are spreading beyond large firms and likely to keep accelerating due to a tightening job […]
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Epstein files released to Congress are mostly ‘recycled’ documents, Democrat says
Rep. Summer Lee, D-Pa., participates in a subcommittee hearing of the House Oversight and Government Reform Committee on Capitol Hill in Washington, D.C., July 23, 2025. Jonathan Ernst | Reuters Rep. Summer Lee, D-Pa., in a statement on Saturday criticized the release of the first trove of documents related to the late convicted sex offender […]
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Trump administration considering deporting Kilmar Abrego Garcia to Uganda, his lawyers say
Kilmar Abrego Garcia walks, as he has been released from the Putnam County Jail in Cookville, Tennessee, U.S., August 22, 2025. Seth Herald | Reuters U.S. immigration officials have notified Kilmar Abrego Garcia of their intent to deport him to Uganda, his attorneys said in a Saturday filing that accuses the government of pressuring Abrego Garcia to […]
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Why Fed chief Powell’s rate cut signal lifted our non-tech stocks the most
It was a topsy-turvy week for Wall Street, saved by a big Friday rally. The market was looking at a weekly loss at Thursday’s close. But a day later, Federal Reserve Chairman Jerome Powell came through, hinting at possible interest rate cuts ahead. His speech on Friday at the central bank’s economic symposium in Jackson […]
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From NYC to Cape Town and Shanghai: The 10 best cities for Gen Z to live in, according to them
In August, Time Out released its annual ranking of the word’s best cities, which includes the top cities for food, culture, and nightlife. For the first year, Time Out included the 10 best cities for for Gen Z to live in, according to them. The survey of over 18,500 people from around the world and […]
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This under-the-radar ETF trend may be flashing a warning signal for the market
ETF Edge This under-the-radar ETF trend may be flashing a warning signal for the market Published Sat, Aug 23 202511:00 AM EDT Anna Gleason@anna_gle WATCH LIVE Source
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What wealthy parents need to know about giving real estate to their kids
A local house with a porch in Edgartown on Martha’s Vineyard, Massachusetts, USA. Wolfgang Kaehler | Lightrocket | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The great wealth […]
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Medtronic makes two key additions to its board. How activist Elliott can build shareholder value
Michael Siluk | Education Images | Universal Images Group | Getty Images Company: Medtronic PLC (MDT) Business: Medtronic PLC is an Ireland-based company, which provides health-care technology solutions. The company’s products category includes Advanced Surgical Technology; Cardiac Rhythm; Cardiovascular; Digestive & Gastrointestinal; Ear, Nose & Throat; General Surgery; Gynecological; Neurological; Oral & Maxillofacial; Patient Monitoring; […]
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Businesses bringing back recession specials could be the latest sign of deteriorating consumer sentiment
A sign outside Brooklyn coffee shop Clever Blend offers a $6 gelato and espresso “recession special.” Lisa Kailai Han | CNBC As fears of a slowing economy lurk in the background, some businesses are taking notice and bringing back so-called recession specials. Look up the term “recession specials” through Google’s search engine, and the list […]
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Buy these outperforming stocks with room to run, says UBS
As earnings season winds down, investors should be on the lookout for some stocks that might still have room for upside, according to UBS. Stocks rallied on Friday , spurred by Federal Reserve Chair Jerome Powell’s comments in Jackson Hole, Wyo. that suggested the central bank may begin adjusting its policy stance . Even with […]
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