Americans paid much higher prices for goods and services in June compared to a year earlier, as inflation continued to soar, the Bureau of Labor Statistics reported.
The consumer price index is one of the primary measures of inflation. CPI jumped to 9.1% last month from a year ago, above the 8.8% Dow Jones estimate. That marked the fastest pace for inflation in four decades.
Watch this video as CNBC’s Emily Lorsch explains inflation and what causes it.
Thursday’s Opening Day may be the calm before the storm for Major League Baseball. The league’s collective bargaining agreement with its players expires at the end of this season. Owners, with the commissioner’s backing, are almost sure to push for a salary cap (which would likely come with a salary floor to get players to […]
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Tom Brady may not be returning to the NFL — but he has explored if it’s possible. The legendary New England Patriots quarterback, a frequent subject of un-retirement rumors, told CNBC Sport this week that he has asked the NFL about its policy around returning to the league as a player while maintaining his status […]
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A bottle of Olaplex N.4 Bond Maintenance Shampoo arranged in Denver, Colorado, US, on Thursday, Dec. 8, 2022. David Williams | Bloomberg | Getty Images German consumer brand Henkel announced Thursday that it has agreed to acquire all of prestige haircare brand Olaplex for $1.4 billion. The company said the deal, at an offer price […]
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