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Author: Daniel snow
Core inflation rate rose to 2.7% in May, more than expected, Fed’s preferred gauge shows
The PCE price index was projected to rise 0.1% in May, with the annual inflation rate at 2.3%, according to the Dow Jones consensus. Source link
The U.S. and China just struck a deal on rare earths. This is why it’s easing trade tensions.
President Donald Trump said Thursday that a deal had been signed “yesterday” with China, but offered no details. Source link
McDonald’s and Krispy Kreme Seemed Like the Sweetest Pair. Why Their Breakup Surprises No One
The two partners just couldn’t figure out how to make it work. Source link
The S&P 500 is on the cusp of the seventh great breakout since the 1990s: BofA’s Hartnett
Risks for stocks seem to be fading as markets focus on rate cuts and tax cuts. Source link
Boundaries aren’t a sign of weakness, but isolation is a fast-track to burnout. Gen-Z knows this. Source link
Debt payments already exceed military spending. The president’s bill will make things worse. Source link
Aerial view of the headquarters of Contemporary Amperex Technology Co., Limited (CATL) on February 6, 2025 in Ningde, Fujian Province of China.Vcg | Visual China Group | Getty ImagesThe world’s largest electric vehicle (EV) is going all-in on international expansion and could shake up the EV market in the process with its battery-swapping tech rollout. China’s Contemporary Amperex Technology Co. Ltd. (CATL) is a key player in the global transition to more sustainable transport, with a market share in the EV sector of roughly 38%. CATL’s clients include global players like Tesla, Volkswagen and BMW, with the firm boasting technology…
These are the companies in the Phoenix metro area that made Inc.’s 2025 Best Workplaces list. Source link
Troubled plane maker Boeing was given an upgrade by an analyst who said a turnaround effort will get the market to reassess the stock. Source link
View of luxury waterfront homes and boats along the intracoastal waterway near Jupiter Inlet in Jupiter, Florida in Palm Beach CountyRyan Tishken | Istock | Getty ImagesA 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.Economic uncertainty is creating a divide in the luxury real estate market between ultra-rich buyers and the merely wealthy, according to a new report from brokerage Coldwell Banker. A survey of some 200 agents specializing in luxury property found that ultra-wealthy buyers, defined as…