What investors are saying about the first of two key inflation reports this week – CNBC
Finally, investors received economic data that supports the possibility of a rate cut by the Federal Reserve later this year. The producer price index, an indicator of wholesale prices, rose 0.2% in December. Economists polled by Dow Jones had expected a rise of 0.4%. The so-called core PPI, which excludes food and energy prices, was […]
Stock futures tick higher as traders await first of two key inflation readings this week: Live updates – CNBC
Traders work on the floor of the New York Stock Exchange on January 10, 2025 in New York City. new york stock exchange Stock futures rose on Tuesday after the producer price index, the first of two major inflation reports released this week, was lower than expected. futures tied to Dow Jones Industrial Average Increased […]
30 million people could qualify to use IRS free Direct File program. Here's who is eligible – CNBC
Internal Revenue Secretary Danny Wuerffel speaks during a swearing-in ceremony at the IRS on April 4, 2023 in Washington, DC. Bonnie Cash | Getty Images News | Getty Images The 2025 tax season begins on January 27, and more taxpayers will have access to Direct File, the IRS' free tax filing program that began in […]
New AI tool for fighting health insurance denials could save hospitals billions, and help patients – CNBC
Waystar Team Celebrates IPO on Nasdaq 2024 Nasdaq, Inc. / Vanja Savic medical payment company Waystar announced Monday a new generative artificial intelligence tool that will help hospitals quickly tackle one of their most expensive and tedious responsibilities: combating insurance denials. According to one report, hospitals and health systems spend about $20 billion a year […]
European markets open lower as economic concerns persist – CNBC
European markets fell on Monday amid continued uncertainty over the global economy. As of 9:04 a.m. London time, the pan-European Stoxx 600 index was down 0.8%, with most sectors in negative territory. Local markets were open last Friday as investors reacted to the latest U.S. jobs report showing non-farm payrolls rose by 256,000 last month, […]
Why investing based on pure speculation or arbitrary seasonal patterns is nonsense and reckless – CNBC
Making investment decisions based on speculation or eccentric seasonal trends is not the way CNBC Investing Club manages its portfolio. Jim Cramer used to run a hedge fund where the holding period for positions was reduced to minutes, not weeks, months, or years as we aim for in our clubs. did. In last Sunday's column, […]
IRS announces the start of 2025 tax season – CNBC
Placid | iStock | Getty Images Expanding free filing options for 2025 For the 2025 season, The IRS's free tax filing program, Direct File, is open to: Eligible taxpayers in 25 states. This is up from 12 states for the 2024 season. This year's participating states include Alaska, Arizona, California, Connecticut, Florida, Idaho, Illinois, Kansas, […]
Prices of top 25 Medicare Part D drugs have nearly doubled, AARP study finds – CNBC
Morsa Images | Digital Vision | Getty Images According to one study, the list prices of the top 25 prescription drugs covered by Medicare Part D have nearly doubled on average since they first went on the market. New AARP Report. What's more, interest groups representing Americans over 50 say their price increases are often […]
Gold is poised for a new bullish phase, according to the charts. Here are the levels to watch – CNBC
While most investors were focused on the solid uptrend in the S&P 500 and Nasdaq in 2024, it's worth remembering that gold has largely matched the performance of equity benchmarks throughout the year. As we enter the new year and stocks once again face headwinds, gold may just be the vehicle to weather this period […]
Bank of America sees an opportunity to grab solid yields using these assets – CNBC
Bank of America says investors have an opportunity to capture solid yields on preferred securities this year despite potential headwinds. Preferred has characteristics of both stocks and bonds. They trade on exchanges like stocks, but they also have a face value and provide a source of income. Like bonds, when the price of a senior […]